Minh Hung III Industrial Park Creating Advantages to Attract Investors

Mr Phan Dinh Phuc, General Director of Binh Long Rubber Industrial Park Joint Stock Company, said with land rents 1 - 5 times lower (compared to Binh Duong, Ho Chi Minh City, Dong Nai) and a hard ground foundation (20 tonnes per square metre), investors will save a lot of money when locating projects in Minh Hung III Industrial Park. Besides, Binh Phuoc is proven to have mild climate while being free from natural disasters, earthquakes and floods; investors can therefore feel assured of doing business here. In addition, with modern infrastructure, investors in the Minh Hung III Industrial Park will benefit from complete infrastructure, convenient transportation system, sufficient water and power supply power systems, modern wastewater treatment system, modern telecommunications systems, and residential areas for investors.

 

In addition, Minh Hung III Industrial Park is attractive to investors for its abundant local human resources which can meet all labour demands of investors, for investor-friendly single-window administrative procedures, and for attractive incentives from the government of Binh Phuoc province. In addition, investors can complete procedures free of charge for investment certificate, construction permit, accounting regime registration and customs. Especially, the industrial park has support services for investors like local customs offices, inland clearance depot (ICD), warehouses, workshops, houses for professionals and workers, fuel supply services, catering services, banking systems, vocational training centres, schools, and hospitals.

 

To date, Minh Hung III Industrial Park has basically completed its infrastructure system construction with 6-8 lane roads, power, water, telecommunication, drainage and waste water treatment systems. The waste water treatment plant has a daily processing capacity of 8,550 cubic metres. Treated water meets Type A of TCVN 5945:2005 standard before being discharged into the environment and the modern solid waste collection system ensures good environment for investors.

 

Together with infrastructure improvement, the company has built green space inside the industrial zone to make a beautiful landscape and protect the environment. Phuc said: "Investors can be assured when they invest in Minh Hung III Industrial Park. We always see their difficulties as ours in order to give them with highest support to tackle such difficulties because their success benefits us too. Thus, investors do not need to worry about the above difficulties and they only need to focus on their business operations. This is also an important reason why many investors come to Minh Hung III Industrial Park." So far, the industrial park has attracted three projects from South Korean and Japanese investors. Notably, Southeast Asia’s largest MDF wood processing factory, invested by MDF VRG Dongwha Company, a joint venture between Vietnam and South Korea, has a total investment capital of US$160 million and rents 38.46 ha. Currently, two projects have gone into operation and one is under construction.

 

He added that although Minh Hung III Industrial Park has attracted pioneering investors, it must add more effort to draw more investors. The company expects the provincial government to further shorten the time for administrative procedures for investors to quicken the commencement of their projects.

 

Regarding future development, Binh Long Rubber Industrial Park Joint Stock Company will actively attract investment capital and expand its rentable area to the north, expected to be completed in 2015. The company also plans to build a 24-ha residential area for investors in order to add another advantage for Minh Hung III Industrial Park.