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Minh Hung – Korea Industrial Park In Binh Phuoc Province

MINH HUNG – KOREA INDUSTRIAL PARK BINH PHUOC PROVINCE, VIET NAM

Minh Hung – Korea Industrial Park is located at National Highway 13, Minh Hung Commune, Chon Thanh District, Binh Phuoc Province.

Minh Hung – Korea Industrial Park was established and officially put into operation, not only serving the general development of Binh Phuoc province, attracting the investment of domestic and foreign investors, but also helping to create jobs. thereby improving the living standards of local workers. The system of trees is arranged alternately between other functional areas to create green space to protect the environment.

Advantages of the traffic of enterprises operating in Minh Hung – Korea Industrial Park

Minh Hung – Korea Industrial Park is located in Minh Hung Commune, Chon Thanh District, Binh Phuoc Province. The East and South border the residential area of Minh Hung Commune, the West borders National Highway 13, and the North borders rubber plantations. The traffic system has National Highway 13 as an important route that plays the role of the main traffic axis with a width of 60m with 6 lanes, traffic in the industrial park includes roads D1 connecting with National Highway 13 and the remaining routes from D2 to D9.

Road:

  • Located 90km from Ho Chi Minh City
  • Located 44 km from Dong Xoai town center

Waterway:

  • 93km from Saigon Port

Airline:

  • 2km from Tan Son Nhat International Airport

Investor: C&N Vina Co., Ltd

Area of Minh Hung – Korea Industrial Park: The industrial park was built on a large scale with a total area of 685.52ha.

Economic planning:

  • carpentry processing
  • Fertilizer production
  • Processing animal feed
  • Industrial alcohol production
  • Production of building materials
  • Producing high-grade plastic products
  • Producing textiles and household plastic products
  • Producing electrical and electronic equipment, assembling cars and high precision mechanics

Preferential policies at Minh Hung – Korea Industrial Park:

Exemption and reduction of land rent and land use

  • Investment projects in the districts: Binh Long, Chon Thanh, Phuoc Long, Dong Phu are exempted for 07 years; if it is in the field of investment incentives, it will be exempted for 11 years; if they belong to the field of special investment incentives, they will be exempted for 15 years.
  • Investment projects in Dong Xoai town are exempted for 3 years if they are in the field of investment incentives; exempted for 07 years if in the field of special incentives.
  • Investment projects in the districts: Loc Ninh, Bu Dop, Bu Dang are exempted for 11 years; if it is in the field of investment incentives, it will be exempted for 15 years; if they belong to the fields of special investment incentives, they will be exempted from land rent for the entire land lease period.
  • 50% reduction of land use fee in the following cases: Investment projects in the fields of special investment incentives in the district: Dong Phu, Binh Long, Phuoc Long, Chon Thanh; or Projects in the field of investment incentives invested in the following districts: Loc Ninh, Bu Dop, and Bu Dang.
  • Exemption from land use levy for projects in the fields of special investment incentives invested in the following districts: Loc Ninh, Bu Dop and Bu Dang.
  • 30% reduction of land use fee for: Investment projects in the field of investment incentives in the districts: Dong Phu, Binh Long, Phuoc Long, Chon Thanh; or Projects in the fields of special investment incentives in Dong Xoai town; or Investment projects in the districts: Loc Ninh, Bu Dop, Bu Dang.
  • 20% reduction of land use fee for: Projects in the field of investment incentives in Dong Xoai town; or Investment projects in the districts: Dong Phu, Binh Long, Phuoc Long, Chon Thanh.

Corporate income tax rate

  • The tax rate of 20% is applicable for 10 years from the date of commencement of business operations for: Investment projects in industries and fields on the List of sectors eligible for investment incentives implemented in the locality. Dong Xoai town. Investment projects are implemented in the following districts: Chon Thanh, Binh Long, Phuoc Long and Dong Phu.
  • The tax rate of 15% is applied for 12 years from the date of commencement of business operations for: Investment projects in industries and fields on the list of sectors eligible for investment incentives and implemented in the locality. Tables of districts: Chon Thanh, Binh Long, Phuoc Long, Dong Phu.
  • The tax rate of 10% is applied for 15 years from the date of commencement of business operations for: Investment projects in industries and fields on the list of fields of special investment incentives. Investment projects were implemented in the following areas: Loc Ninh, Bu Dang, Bu Dop.

Regulations on tax exemption and reduction

  • Exemption for 2 years and 50% reduction for the next 2 years for: Newly established production facilities; Business establishments move locations out of urban areas according to planning approved by competent authorities.
  • Exemption for 2 years and 50% reduction for the next 3 years for: Newly established business establishments from investment projects in industries and fields on the list of sectors eligible for investment incentives.
  • Exemption for 2 years and 50% reduction for the next 6 years for: investment projects or moving to the districts of: Chon Thanh, Binh Long, Phuoc Long, Dong Phu.
  • Exemption for 3 years and 50% reduction for the next 07 years for investment projects in industries and fields on the List of sectors eligible for investment incentives and implemented in Chon Thanh, Binh Long and Phuoc Long Dong Phu districts.
  • Exemption for 4 years and 50% reduction for the next 9 years for: investment projects in industries and fields on the list of fields of special investment incentives; or relocation investment project implemented at

Main products of Minh Hung – Korea Industrial Park:

  • Factory for rent is available
  • Industrial parkland for rent
  • Leasing land and building factories on request

Other utilities of Minh Hung – Korea Industrial Park:

  • Security system
  • Internal infrastructure system
  • Water supply and drainage system
  • Clean water supply system
  • Garbage and wastewater treatment system
  • Fire protection system
  • Automatic wastewater monitoring system

In addition, businesses operating in Minh Hung – Korea Industrial Park, Binh Phuoc province will be able to use the preferential services of the Vinasc Group system. Specific services such as:

  • Accounting service
  • Auditing service
  • Tax consulting service
  • Appraisal service
  • Legal and license consulting services
  • Established business services
  • Consulting and building internal control process services
  • Work permit, temporary residence services for foreigners

Industrial parks in the same area in Binh Phuoc province:

  • Ledana Industrial Park
  • Viet Kieu Industrial Park
  • Tan Khai 1 Industrial Park
  • Tan Khai 2 Industrial Park
  • Thanh Binh Industrial Park
  • Dong Xoai 1 Industrial Park
  • Dong Xoai 2 Industrial Park
  • Bac Dong Phu Industrial Park
  • Chon Thanh 1 Industrial Park
  • Chon Thanh 2 Industrial Park
  • Minh Hung 3 Industrial Park
  • Nam Dong Phu Industrial Park
  • Minh Hung – Korea Industrial Park
  • Becamex – Binh Phuoc Industrial Park