Becamex Binh Phuoc: Advancing Local Socioeconomic Development

As one of the key projects of Binh Phuoc province, Becamex - Binh Phuoc Industrial and Residential Park is expected to become the diffusing nucleus to magnetize investment flows, support local socioeconomic development and create jobs for local workers. In addition to its economic development goals, the Becamex Binh Phuoc Industrial - Service - Urban Complex is also a twinning symbol of Binh Duong and Binh Phuoc provinces for development cooperation and support.

Hayat Kimya Vietnam Co., Ltd. in Becamex – Binh Phuoc IP

Becamex - Binh Phuoc Company, formerly Becamex IDC Corporation, is one of holding corporations with investment projects in Binh Phuoc province. Established on January 2, 2008, the company deployed and carried out Becamex - Binh Phuoc Industrial and Residential Park with a total area of 4,633 ha, including more than 2,448 ha of industrial land, forming a 3-in-1 complex that consists of industry, service and residence. The project is modernly designed and built on solid foundations to become a reliable investment destination for large corporations in the world.

Becamex - Binh Phuoc Industrial and Residential Park is located in the southern key economic region of Binh Phuoc province, which has a strategic position for attracting investment capital for industrial production for Vietnamese and Asian needs. Adjacent to Binh Duong province and Ho Chi Minh City, Binh Phuoc province enjoys all utilities from infrastructure and services of these two urbanized localities.

Moreover, well-located Becamex - Binh Phuoc Industrial Park has a favorable access to seaports, international airports, commercial service centers in Ho Chi Minh City (two-hour drive), 80km from Tan Cang Port, Saigon Port, VICT Terminal and ICD Phuoc Long Depot and 100km from Tan San Nhat Airport. The park is also adjacent to 6-lane National Highway 14, an arterial road that links Binh Phuoc with neighboring provinces. In particular, Binh Duong is completing the construction of Binh Phuoc - Bau Bang - Tan Van Road, linked to National Highway 51 to take full advantage of seaports such as Hiep Phuoc, Cat Lai (Ho Chi Minh City), Cai Mep, Thi Vai (Dong Nai and Ba Ria - Vung Tau provinces) and blueprint Long Thanh International Airport (Dong Nai province). Tenants can access the Central Highlands, central provinces and Ho Chi Minh City in the most convenient way.

Becamex - Binh Phuoc IP invests heavily in the residential area 

Besides, Binh Phuoc's transport infrastructure is also extremely convenient, facilitated by National Highways 13 and 14, Provincial Road 741, My Phuoc - Tan Van Road interconnecting industrial parks with seaports (Thi Vai and Cai Mep), Dong Nai, Binh Duong, National Highway 9, Ho Chi Minh City and Tan Son Nhat Airport (just 1.5-hour drive). The formation of the prospective Trans-Asia Railway will connect Binh Phuoc province with Cambodia, Laos and other countries in the region. This will be a great advantage for importing and exporting commodities through neighboring countries. Additionally, hard soil (foundational reinforcement is not needed) and the altitude of 28-32m above sea level will help investors reduce construction costs by about 30%.

In addition to investing in high-quality "hard" infrastructure for the industrial park, Becamex Binh Phuoc pays special attention to "soft" infrastructure such as restructuring management processes, support services, community activities and social infrastructure like social housing, green parks and commercial centers. This creates synchronous and sustainable development with industrial, service and urban activities for the needs of investors and the community.

Becamex - Binh Phuoc Industrial Park and Residential Park applies high environmental standards to projects, especially to industrial waste treatment, ensures adequate clean water supply for residents and businesses according to WHO standards, and treats wastewater (from type B to type A) before being discharged into the environment. Furthermore, green spaces, technical infrastructure and waste collection, classification and treatment systems among other facilities all meet ISO 14001:2015 standards. “Green” and “clean” are key elements pursued by Becamex Binh Phuoc in its projects. The 80-ha Becamex - Binh Phuoc Green Nursery has planted more than 1 million trees, supported the planting of 150 trees a day on streets and green spaces for the past decade, and provided more than half a million shade trees. The houses are designed and built as in a green park with walking paths to offer an attractive working, living and entertaining environment for dwellers.

CPV Food Co., Ltd. Project in Becamex – Binh Phuoc IP

Like other industrial zones in Binh Duong and Ho Chi Minh City, Becamex - Binh Phuoc Industrial and Residential Park will help foster industrial and service development with many different types of specialized industries and services, reasonably arranged by section. Therefore, both domestic and foreign investors can feel assured and confident to live and work in the park while developing stable production, conveniently facilitating exchange and trading, and reducing costs. Since then, it helps transform the local economic structure in the given order of industry, service and agriculture.

Currently, Becamex Phuoc is working with local leaders and Becamex IDC Corporation to organize investment promotion conferences. The company will always be ready to provide timely support for investors, ensure smooth and efficient production and business activities, including consulting and support services for investors to prepare documents for obtaining investment licenses and business registration certificates. It will also boost recruitment programs and events to woo highly qualified workers.

Source: Vietnam Business Forum