Long My Industrial Park – Binh Dinh Province
Long My Industrial Park – Binh Dinh Province. Area: 117.67 HA – Lease term: 2054.
Long My Industrial Park in Binh Dinh Province was established under Decision No. 508/QD-UB dated July 08, 2004 issued by the Chairman of the Binh Dinh Provincial People’s Committee approving the investment project for construction and operation of technical infrastructure of Long My Industrial Park.
The detailed planning of Long My Industrial Park was approved under Decision No. 1419/QD-BXD dated September 07, 2004 by the Minister of Construction, and later adjusted under Decision No. 1265/QD-UBND dated April 28, 2014 issued by the Chairman of the Provincial People’s Committee. Phase 1 of Long My Industrial Park has a total planned area of 117.67 ha.
At present, Phase 1 of Long My Industrial Park has been basically fully occupied. The western provincial road (where Phase 2 of Long My Industrial Park is planned) from Phuoc My Commune to Long Van roundabout has been put into operation, meeting transportation and logistics demands. Therefore, the Prime Minister approved the addition of Phase 2 of Long My Industrial Park. With an expansion of 100 ha, the industrial park will increase from 117.67 ha to 220 ha, meeting the province’s investment attraction strategy and creating more opportunities for investors in Binh Dinh.
Location
Long My Industrial Park is located in Phuoc My Commune, Quy Nhon City. The industrial park is near major international trade and transportation hubs and located in a densely populated area of Binh Dinh Province, providing an abundant labor supply for industrial and export processing projects.
Infrastructure
Infrastructure
Internal Transportation
The industrial park has a modern internal road system, completed with a 4 lane main road with a width of 40 m and branch roads with 2 lanes and widths of 22 m.
Power Supply
Electricity is supplied from the national power grid through a 110/35/22 kV substation. Medium voltage power lines are installed along the internal road network of the industrial park.
Public Lighting System
Street lighting system is designed separately from residential power supply and arranged along main traffic routes.
Water Supply
Water for production and daily use is supplied from a purified water plant with a capacity of 30,000 m3/day, ensuring sufficient clean water for business operations and daily activities of enterprises.
Drainage System
Rainwater drainage system includes pipelines installed along internal roads. Surface water from investors’ factories is connected to this drainage system.
Solid Waste Treatment
Investors sign contracts with Quy Nhon Urban Environment Joint Stock Company for collection, transportation and treatment of regular solid waste. Hazardous waste is treated under contracts with Hau Sanh Trading and Environment Co., Ltd.
Wastewater Treatment
Wastewater is collected daily and treated at the treatment facility. The purified water treatment plant meets Grade A water standards with a treatment capacity of 2,900 m3/day.
Telecommunications
The telecommunications network in the industrial park meets international standards with full service availability. Investors sign contracts directly with service providers for internet, fixed telephone, fax and related services.
Main industries in industrial parks
Long My Industrial Park is a multi sector industrial park. Key industries attracting investment include:
- Agricultural and forestry processing
- Leather, plastic and rubber industries
- Construction materials manufacturing
- Other industrial sectors
Labor costs
Long My Industrial Park is located in Phuoc My Commune, Quy Nhon City, Binh Dinh Province, classified as Region III. The current minimum regional wage for Region III is 3,640,000 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 with a distance of 150 m between hydrants, connected to the clean water supply system
Housing: Located near populated residential areas, ensuring accommodation and living needs for employees
Hospitals: Quy Nhon City has a comprehensive healthcare system with 6 provincial general hospitals
Schools: Education system from preschool to higher levels, including Quy Nhon University and Quang Trung University, along with vocational colleges and intermediate 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
Long My Industrial Park enjoys the highest investment incentives currently available:
Tax incentives
Corporate income tax (Decree No. 218/2013/ND-CP): 2 years of tax exemption and 50% reduction for the following 4 years for investors operating in the industrial park
VAT exemption for enterprises certified as Export Processing Enterprises (EP)
Land rental incentives (Decree No. 46/2014/ND-CP)
Projects using land for construction of worker housing approved by competent authorities
Land for common infrastructure construction within industrial parks and export processing zones according to approved planning
Incentivized investment sectors (Decree No. 118/2015/ND-CP)
Specially incentivized sectors: High technology, information technology, supporting industries
Incentivized sectors: Science and technology, electronics, mechanical engineering, materials manufacturing, information technology
(Note: all information above is for reference only. Actual information will be calculated according to the current time)
Learn more about us:
—
Investing Vietnam – Vietnam Real Estate – Vietnam industrial park – Blue Ocean Realty
Fanpage: blueoceanrealtyvn
Youtube: BlueOceanRealty , @batdongsanbor , @blueoceanrealtyvietnam
Instagram: blueoceanrealtyvn
Tiktok: @bortintuc
Hotline/ Zalo: +84888089696
—
