Song Binh Industrial Park, Binh Thuan Province

Song Binh Industrial Park, located in Binh Thuan Province, is a dynamic industrial development center. Its strategic location, modern infrastructure, and attractive incentive policies have attracted many domestic and foreign businesses to invest and develop production here.

Key Highlights

Strategic location and convenient transportation connections

Modern infrastructure that meets production needs

Attractive investment incentives

Abundant human resources with reasonable investment costs

Commitment to environmental protection and sustainable development

Geographical Location of Song Binh Industrial Park

Song Binh Industrial Park is situated in Binh Thuan Province. Its strategic location offers many advantages. Transportation and connectivity to economic centers are significant strengths.

Advantages in Transportation

Song Binh I.P is near National Highway 1A, an important road. The North-South Expressway also connects this area. This facilitates the transportation of goods and easy mobility.

As a result, businesses can easily access economic centers and seaports, which is a significant advantage.

Connectivity with Major Urban Areas

Song Binh I.P is located between Da Nang, Ho Chi Minh City, and Can Tho.
This location helps businesses access large markets and attract quality labor.
Connectivity with major urban areas allows businesses to easily access good infrastructure and services.

The strategic location and connectivity of Song Binh I.P are essential competitive advantages that enable businesses here to develop sustainably and effectively.

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History of Establishment and Development of the Industrial Park

Song Binh Industrial Park was established in 2007. It is an important industrial center in Binh Thuan Province and has contributed to the industrialization and modernization of the area.

Throughout its development, Song Binh I.P has attracted numerous businesses. Its favorable geographical location and synchronized infrastructure system have made this area appealing, leading many domestic and foreign investors to choose it as their destination.

Song Binh I.P has contributed to promoting the industrialization and modernization process in Binh Thuan Province. Its advantageous location and priority in developing key industries have helped it grow significantly. The area is expected to continue being a growth engine for Binh Thuan Province in the future.

This is a proud achievement for Song Binh I.P, demonstrating the efforts and successes of the locality. This area has built and developed a modern industrial center, promoting the socio-economic development of the region.

Scale and Development Potential

Song Binh I.P is located in Binh Thuan Province. It is an attractive destination for investors. With an area of 335 hectares, this industrial park is developing robustly and attracting investment in many important fields.

Priority Investment Sectors

In Song Binh I.P, several sectors are prioritized for investment:

Seafood processing
Electronics manufacturing
Automotive component production
Other supporting industries

These industries not only create good investment opportunities but also help develop the socio-economic landscape of the area.

Criteria	Value
Total area of the industrial park	Approximately 335 ha
Priority sectors	Seafood processing, electronics manufacturing, automotive component production, and other supporting industries

The geographical location, modern infrastructure, and incentive policies are advantages of Song Binh I.P, making it an ideal destination for both domestic and foreign investors.

Modern Infrastructure

Song Binh Industrial Park is located in Binh Thuan Province and is built with modern infrastructure. This gives the industrial park a competitive edge and promotes local economic development.

Synchronized Transportation System

Song Binh I.P has a synchronized transportation system, including roads, railways, and seaports. This allows businesses to easily connect with major economic centers and facilitates the transportation of goods.

Stable Power and Water Supply

Song Binh I.P provides a stable power and water supply, meeting the production needs of businesses. The power and water supply systems are built synchronously to ensure continuous and effective operations.

Investment Incentives

Song Binh I.P, located in Binh Thuan Province, offers numerous investment incentives to attract businesses. One of the prominent incentives is tax exemptions and reductions.

Tax Exemptions and Reductions

Businesses investing in Song Binh I.P will enjoy various tax benefits, including:

Exemption from corporate income tax for the first 2-4 years
50% reduction in corporate income tax for the next 2-9 years
Exemption from import tax on machinery, equipment, raw materials, and supplies
Land tax, land use tax, environmental tax incentives, etc.

These tax exemption and reduction policies create favorable conditions for Song Binh I.P’s development.

Incentive	Description
Exemption from corporate income tax	Exemption for 2-4 years
Reduction in corporate income tax	50% reduction for the next 2-9 years
Exemption from import tax	For machinery, equipment, raw materials, supplies
Other incentives	Regarding land tax, land use tax, environmental tax

With these attractive investment incentives, Song Binh I.P is an ideal and efficient location for businesses, facilitating their expansion in Vietnam.

Favorable Investment Environment

Song Binh Industrial Park continually strives to create a favorable investment environment. They support investors through relevant authorities, helping to resolve administrative procedures swiftly.

Investment Support and Administrative Procedure Resolution

Song Binh I.P provides comprehensive support services, assisting investors with:

Guidance and support for investment procedures such as business registration, licensing, customs procedures, and other related tasks
Providing updated information on incentive policies and investment support within the industrial park
Assisting investors throughout the project implementation process and addressing arising issues

This timely support from relevant authorities allows investors in Song Binh I.P to quickly deploy their projects, creating a favorable investment environment.

Criteria	Song Binh Industrial Park	Average of Other Industrial Parks
Administrative procedure resolution time	5-10 days	10-15 days
Investor satisfaction rate	90%	80%
Support for arising issues	High	Average

Advantages of Song Binh Industrial Park

Song Binh Industrial Park has many advantages compared to other industrial parks, attracting numerous businesses to invest and develop here.

Abundant Human Resources

Binh Thuan has a young population with abundant and quality labor. Song Binh I.P is near major cities like Phan Thiet, Ho Chi Minh City, and Nha Trang. This facilitates recruitment and training for businesses.

Reasonable Investment Costs

The costs for land and infrastructure construction in Song Binh are reasonable, allowing businesses to save costs and optimize operational efficiency.

With abundant human resources and reasonable investment costs, Song Binh I.P is a potential destination for both domestic and international businesses. It stands out as one of the ideal investment locations in Binh Thuan, offering superior incentives and facilities.

Major Projects Under Implementation

Song Binh I.P, located in Binh Thuan Province, is attracting many investors. Major projects within the park are currently being carried out. Key sectors include seafood processing, automotive component production, and electronics manufacturing.

In the seafood processing sector, there is a project for a frozen fish production and canned seafood factory by Vietnam Fisheries. This project creates jobs for thousands of people and enhances the value of seafood products.

For automotive component production, Song Binh I.P has a project from Truong Hai Automobile Company, which produces components such as radiators, electronic control systems, and sound systems for automobiles.

The electronics manufacturing sector is also being developed within Song Binh I.P. A Samsung electronics manufacturing project aims to enhance the electronics industry.

These major projects in Song Binh Industrial Park not only create job opportunities but also boost the socio-economic development of Binh Thuan Province.

Sustainable Development Potential

Song Binh Industrial Park aims for sustainable development, focusing on improving production efficiency while protecting the environment. They implement green technology and environmental protection measures.

Application of Green Technology

Businesses in Song Binh I.P are applying green technologies to minimize waste and use energy efficiently. This also enhances productivity and operational efficiency.

Ecological Environmental Protection

Song Binh I.P has implemented ecological environmental protection measures. They have built wastewater treatment systems and solid waste management systems. The goal is to create a sustainable production environment that harmonizes with nature.

Other Industrial Parks

FAQ

Where is Song Binh Industrial Park located?
Song Binh I.P is located in Binh Thuan Province, Vietnam. Its location is near National Highway 1A and the North-South Expressway.

What investment incentives does Song Binh I.P offer?
Song Binh I.P provides many investment incentives, including tax exemptions and reductions to attract businesses to invest and develop production.

What priority sectors are targeted for investment in Song Binh I.P?
Song Binh I.P prioritizes investment in various sectors, such as seafood processing, electronics manufacturing, and automotive component production.

What is the scale of Song Binh I.P?
Song Binh I.P covers an area of approximately 335 hectares and has significant development potential in prioritized sectors.

How is the infrastructure of Song Binh I.P?
Song Binh I.P has modern infrastructure. The transportation, electricity, and water systems are synchronized, meeting the production needs of businesses.

What advantages does Song Binh I.P have to attract investment?
Song Binh I.P has numerous advantages, including abundant human resources and reasonable investment costs, helping businesses optimize costs and enhance production efficiency.

How does Song Binh I.P aim for sustainable development?
Song Binh I.P aims for sustainable development by applying green technology and environmental protection measures, creating a friendly and sustainable production environment.

What major projects are currently being implemented in Song Binh I.P?
Song Binh Industrial Park is attracting several major projects in sectors such as seafood processing, automotive component production, and electronics manufacturing, which will promote the park’s development in the future.