Minh Hung III Industrial Park – Binh Phuoc Province
Minh Hung III Industrial Park – Binh Phuoc Province. Total Area: 293.88 ha – Operational Term: 2008–2058
General Introduction
Minh Hung III Industrial Park is part of the Minh Hung Industrial Zone, approved under Decision No. 1041/QD-UBND dated May 21, 2008, by the People’s Committee of Binh Phuoc Province, and granted Investment License No. 44221000066 on July 15, 2008. The park’s infrastructure investor is Binh Long Rubber Industrial Park Joint Stock Company.
Covering an area of 293.88 hectares, Minh Hung III Industrial Park was established under the above decision and is funded by member companies of the Vietnam Rubber Group (VRG), with a total investment capital of VND 289 billion.
Located in Minh Hung Commune, Chon Thanh District, Binh Phuoc Province, the park borders National Highway 13 and the national railway route, giving it excellent connectivity.
At present, Minh Hung III has successfully attracted investors from Korea, Japan, and Vietnam. Notably, it is home to VRG Dongwha MDF Factory, with a total investment of USD 160 million, recognized as the largest MDF wood production facility in Asia.
Location
Minh Hung III Industrial Park is situated in Minh Hung Commune, Chon Thanh District, Binh Phuoc Province, within the Southern Key Economic Region of Vietnam. The province lies in the Southeastern region, serving as a transition zone between the Central Highlands and the Mekong Delta, strategically located along major routes such as National Highway 13 and National Highway 14 (Ho Chi Minh Road).
Infrastructure
Internal Transportation
Main road (N11): 51 m wide
Internal roads: 24–39 m wide
Load capacity: 30 tons
The internal road system connects seamlessly with external routes, ensuring convenient cargo transport and logistics efficiency.
Power Supply
Electricity supplied from the 220 kV grid managed by Binh Phuoc Power Company.
Supported by a 110/22 kV transformer substation, ensuring stable and reliable power distribution to factories.
Public Lighting
Independent street lighting system designed separately from the residential power supply and installed along main roads.
Water Supply
Water supply system capacity: 9,000 m³/day.
Drainage System
Separate systems for stormwater and wastewater collection and discharge.
Waste Management
Investors are required to contract with licensed professional waste treatment providers for solid waste disposal.
Wastewater Treatment
Enterprises: must pre-treat wastewater to meet Grade B standards before discharging into the park’s central system.
Industrial Park: centralized wastewater treatment plant with a capacity of 8,550 m³/day, meeting Grade A (TCVN 5949:2005) standards before discharge.
Telecommunications
Modern domestic and international communication systems, including telephone, fax, and high-speed internet services, available for all investors.
Main industries in industrial parks
- Wood processing, footwear manufacturing, and interior decoration
- High-tech rubber, cosmetics, and pharmaceuticals production
- Mechanical engineering, machinery assembly, and manufacturing
- Electrical, electronic, telecommunications, and IT industries
- Textile and garment manufacturing
- Construction materials (glass, ceramics, etc.)
- Agricultural and food processing, handicrafts, and aquaculture products
- Consumer goods manufacturing
Labor costs
The park is located in Region II, with a minimum monthly wage of VND 4,160,000
Social infrastructure
Customs Services: Convenient and efficient customs procedures.
Banks: Oceanbank, Vietcombank, BIDV, PG Bank, SeABank, VietinBank, Techcombank, etc.
Postal & Logistics: TDT Express, VNPT, DHL, FedEx, TNT — door-to-door delivery services.
Public Transport: Bus routes connecting the park with central and southern provinces.
Fire Protection: Fire hydrants are installed every 150 m along sidewalks and connected to the main water system.
Housing: Located near densely populated residential areas, providing accommodation and daily amenities for workers.
Healthcare: Comprehensive medical network ensuring healthcare and emergency services for residents and employees.
Education: Educational institutions from kindergarten to college; the city has 3 colleges and 1 vocational school.
Corporate Income Tax Incentives
Tax exemption: 2 years from the first taxable income year.
50% tax reduction: for the following 4 years.
(Note: all information above is for reference only. Actual information will be calculated according to the current time)
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