DONG BINH INDUSTRIAL PARK

Province

Vinh Long

Occupancy Rate

5%

Area

350 hectares

Lease Price

0 USD/m2

Perspective view of the Dong Binh Industrial Park project.

Details

Industrial Park Name

Dong Binh Industrial Park

Location

Dong Thanh and Dong Binh communes, Binh Minh town, Vinh Long province

Total Area

350 hectares

Land Rental Price

0 USD/m2

Construction Density

70%

 Occupancy Rate

5%

Infrastructure Information

Electrical System

110/35/22KV

Water System

12,000 m3/day

Sewage System

8600 m3/day

Traffic System

The main axis is 52m wide with 4 lanes.

The branch axis is 17m wide with 2 lanes.

1. Project overview and legal information

The Dong Binh Industrial Park was approved by the Prime Minister for adjustment and supplementation into the development plan of industrial parks in Vinh Long province according to Official Letter No. 1453/TTg-KTN dated August 16, 2010. To complete the legal framework, the Provincial Industrial Parks Management Board has implemented the necessary procedures to include the project in the development plan until 2020, as a basis for submission to the Prime Minister for consideration and decision on investment policy.

The 1/2,000 scale zoning plan for the industrial park in Binh Minh town was approved by the Vinh Long Provincial People’s Committee according to Decision No. 2779/QD-UBND dated December 29, 2017. On April 8, 2021, the Provincial People’s Committee further issued Decision No. 822/QD-UBND officially establishing the Dong Binh Industrial Park with a total investment of approximately VND 3,026 billion and a scale of 351 hectares. The project is being implemented in Dong Hau and Dong Loi hamlets (Dong Binh commune) and Dong Hung 1 and Dong Hung 2 hamlets (Dong Thanh commune), in Binh Minh town.

Overview Information:

  • Project Name: Dong Binh Industrial Park
  • Location: Dong Binh and Dong Thanh communes, Binh Minh town, Vinh Long province
  • Scale: Approximately 350 hectares
  • Operating period: 50 years (2021 – 2071)
  • Occupancy rate: Approximately 5%
  • Investment sectors: agricultural and food processing; vegetables and fruits; seafood; livestock products; consumer goods; packaging; chemicals; pharmaceuticals, medical equipment, and other industries with low environmental pollution.

2. Investment costs

3. Geographical location

Dong Binh Industrial Park is located in Vinh Long province – the center of the Mekong Delta region, serving as a bridge between the Southern key economic zone and the Western provinces. Thanks to its proximity to major transportation routes such as National Highway 1 and National Highway 54, the industrial park has a significant advantage in goods transportation and trade.

Area Boundaries:

  • North: borders agricultural land, approximately 300m from District Road 54
  • Southeast: borders rice paddy land
  • Northeast: borders agricultural land, approximately 100m from Hoa Thanh River
  • Southwest: borders Bo Dai Canal, Truc Canal and agricultural land, near National Highway 54

Convenient transportation connections by both road and waterway:

  • Distance from Hoa Thanh River: ~100m
  • Distance from Can Tho City: 12 km
  • Distance from Vinh Long City: 19 km
  • Distance from Vinh Long City: … Ho Chi Minh City: 160 km
  • Distance from Can Tho (Tra Noc) Airport: 21 km
  • Distance from Cat Lai Port: 168 km

4. Infrastructure System

Dong Binh Industrial Park is planned with a synchronous and modern infrastructure system, expected to be completed and put into operation from 2023, including:

  • Internal transportation: main road 52m wide (4 lanes), branch roads 17m wide (2 lanes)
  • Electricity system: supplied from a 110/35/22kV transformer station, connected to the national power grid
  • Water supply: capacity of 12,000 m³/day, meeting QCVN 01:2009/BYT standards
  • Wastewater treatment: a plant with a capacity of 8,600 m³/day, ensuring environmental standards.
  • Fire protection: a modern system with hydrants located at intersections and the plant.
  • Telecommunications: underground cable infrastructure, providing full communication services and high-speed internet.
  • Other amenities: security, green spaces, sanitation, and integrated landscaping.

5. Investment incentive policies for Dong Binh Industrial Park

Investors in Dong Binh Industrial Park enjoy many attractive preferential policies:

Corporate Income Tax:

  • Preferential tax rate of 20% for the first 15 years
  • Tax exemption for the first 2 years, 50% reduction for the following 4 years
  • Special projects may apply a rate of 10% for 15 years, exemption for 4 years and a 50% reduction for the following 9 years

Import Tax:
Tax exemption for imported goods used to create fixed assets such as machinery, equipment, specialized vehicles, and materials not yet produced domestically.

Local Investment Support:

  • Support for planning and project costs (maximum 1 billion VND)
  • Support for land clearance (maximum 5 billion VND)
  • Support for wastewater treatment system construction (maximum 5 billion VND)
  • Support for loan interest rates of 2%/year
  • Support for infrastructure development and investment promotion both domestically and internationally