Becamex VSIP Industrial – Urban – Service Park, Binh Dinh

Becamex VSIP Industrial – Urban – Service Park, Binh Dinh Province. Area: 1425 HA – Lease term: 2070. 

General Information

Becamex VSIP Industrial, Urban and Service Park Binh Dinh (hereinafter referred to as Becamex Binh Dinh IP) is an Integrated Industrial and Urban Park developed under the socio–economic cooperation agreement between Binh Duong Province and Binh Dinh Province for the period 2017–2021. The project is located in Nhon Hoi Economic Zone, Canh Vinh Commune, Van Canh District, Binh Dinh Province.

On February 18, 2020, the Prime Minister issued Decision No. 270/QD-TTg approving the investment policy for the construction and operation of infrastructure of Becamex Binh Dinh Industrial Park. In April 2020, the Binh Dinh Provincial People’s Committee approved the 1/2000 zoning plan for Becamex A Industrial – Urban Subzone (Subzone 7) in Nhon Hoi Economic Zone, with a total planned area of 1,425.4 ha. On July 2, 2021, the Provincial People’s Committee issued Decision No. 2777/QD-UBND approving the 1/500 detailed construction plan for Hiep Vinh 1A Resettlement – Residential Area within Becamex A Industrial – Urban Park (Subzone 7), Nhon Hoi Economic Zone.

According to the Project Management Board, Becamex Binh Dinh Industrial Park has a total area of approximately 2,308 ha with a total investment of VND 9,000 billion, implemented in two phases.

Phase 1 covers about 1,425 ha, including 1,000 ha of industrial land and 425 ha of urban land, with an estimated investment of VND 5,000 billion. Phase 2 has an estimated investment of VND 4,000 billion on an area of about 883 ha, including commercial and service land, resettlement land, healthcare, education, public facilities and green parks. The project was commenced in September 2020 and is being actively implemented. Once fully operational, it is expected to attract around USD 2 billion in industrial investment and create jobs for 120,000–150,000 local and regional workers.

Becamex Industrial Development and Investment Corporation – JSC (Becamex IDC Corp) is the infrastructure developer of the industrial park. With more than 40 years of development, Becamex has become a leading and reputable brand in industrial park infrastructure, residential areas, urban development and transportation infrastructure.

Transportation Infrastructure Advantages

Becamex VSIP Industrial, Urban and Service Park Binh Dinh features a well connected, convenient and diverse transportation network. The project is strategically located adjacent to National Highway 19C, with National Highway 1A running through the area, facilitating connectivity with provinces and cities.

The project is close to Quy Nhon International Seaport and Phu Cat International Airport, meeting investors’ logistics and cargo transportation needs. In addition, the North–South railway passes nearby, enabling fast and efficient freight transport and forming an interregional connectivity network.

Thanks to these advantages, Becamex VSIP Binh Dinh is expected to be a driving force in attracting foreign direct investment to Binh Dinh Province. The project is considered a highlight in the provincial economic landscape and is highly appreciated by local authorities. It aims to implement the Party and Government’s policy on developing integrated industrial–urban complexes, promoting economic growth, job creation and socio–economic development for the region.

Location

Becamex VSIP Binh Dinh Industrial Park is located in Nhon Hoi Economic Zone, Canh Vinh Commune, Van Canh District, Binh Dinh Province. This is a strategic location at the center of the South Central Coast Key Economic Region, with easy access to National Highway 19 connecting to Quy Nhon City and seaports. In the near future, cargo capacity will be further improved with the development of Nhon Hoi Port. The location enables the industrial park to become a major logistics and trading hub connecting domestic and international regions, especially the South Central Coast, Central Highlands, Southern Vietnam, and central regions of Laos and Thailand.

Infrastructure

Infrastructure

Becamex VSIP Binh Dinh provides international standard industrial infrastructure, fully meeting all production and operation requirements of investors. Investors are provided with a synchronous and highly connected infrastructure system including: operation center, factories and workshops, green areas, technical infrastructure (power stations, water supply, wastewater treatment, telecommunications, internet services, and transportation system).

Internal Transportation

Internal roads are well planned and synchronously developed, ensuring stable and efficient operation for investors’ production and business activities.

Power Supply

Total power capacity: 151.2 MW (supplied by Binh Dinh Power Company).

Public Lighting System

Street lighting network is designed separately from residential power supply and arranged along major traffic routes.

Water Supply

Water for production and domestic use is supplied from a purified water plant meeting QCVN 01:2009/BYT standards, with a capacity of 41,000 m3/day.

Drainage System

Rainwater drainage system is installed along internal roads, collecting surface water from factories and connecting to the park’s drainage network.

Solid Waste Treatment

Investors sign contracts with qualified service providers for collection, transportation and treatment of regular solid waste.

Wastewater Treatment

Wastewater is collected daily and treated at the treatment plant with a designed capacity of 31,500 m3/day.

Telecommunications

Telecommunication network meets international standards with full services. Investors sign contracts directly with service providers for internet, fixed telephone, fax, etc.

Main industries in industrial parks

Becamex VSIP Binh Dinh Industrial Park is a multi sector industrial park attracting the following industries:

  • Mechanical processing, electronic components, machinery manufacturing
  • Leather, plastic, rubber
  • Construction materials production
  • Garment, food and food processing
  • Other supporting industries

Labor costs

Becamex VSIP Binh Dinh Industrial Park is located in Nhon Hoi Economic Zone, Canh Vinh Commune, Van Canh District, Binh Dinh Province, classified as Region IV. The current minimum regional wage is 3,250,000 VND/month.

Social infrastructure

Customs services: Convenient customs procedures

Banks: Oceanbank, Vietcombank, BIDV, PG Bank, SeABank, VietinBank, Techcombank

Postal and logistics services: TDT Express, VNPT, DHL, FedEx, TNT with door to door delivery

Bus services: Convenient bus routes connecting the industrial park with Central and Southern provinces

Firefighting: Fire hydrants installed along sidewalks at 150 m intervals, connected to clean water supply system

Housing: Located near residential areas, ensuring accommodation and living needs for workers

Hospitals: Quy Nhon City has a comprehensive healthcare system with 6 provincial general hospitals

Schools: Full education system from preschool to higher education, including Quy Nhon University and Quang Trung University, 4 vocational colleges and many vocational schools

Labor force: Abundant labor supply with skilled workers for textile, forestry processing and seafood processing industries. Total labor force: 884,098 people, including 49,909 technical workers and 78,546 college and university graduates

Investment Incentives

Corporate income tax: 10% for 15 years, including 4 years tax exemption and 50% reduction for the following 9 years

Import tax: Exemption for imported goods used to form fixed assets; 5 year import tax exemption for raw materials, supplies, components and semi finished products not yet produced domestically or not meeting quality requirements

(Note: all information above is for reference only. Actual information will be calculated according to the current time)

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