With the proud experience and long history of Becamex IDC Corp and VSIP, Becamex VSIP Binh Dinh Industrial, Urban and Service Park is expected to become the nucleus of investment attraction to assist socioeconomic development of Binh Dinh province. To date, site clearance and infrastructure construction has been completed and ready to welcome domestic and foreign investors.
Binh Dinh - Place of interest to investors
As one of five provinces of the Central Key Economic Region, Binh Dinh has five outstanding advantages. The province is located in the most favorable position of Southeast Asia and is the nearest gateway to the East Sea for the Mekong subregion. Besides, the transportation infrastructure is quite convenient and consists of all four types of traffic routes: Road, rail, air and sea. The province has abundant and high-quality human resources for investors thanks to a population of 1.5 million people, with over 59% at the working age. As a province with a long cultural history with many valuable tangible and intangible cultural works and many scenic spots, Binh Dinh has rich potential and advantages for development to become a tourist center of the region, the country and Asia. Towards rapid, comprehensive and sustainable development, Binh Dinh is now accelerating industrialization and modernization, gradually rising to become a growth engine and a national center of urban - industry - service of the Central Key Economic Region. In the past years, Binh Dinh province has always invited and facilitated investors to study investment and business cooperation opportunities.
Being aware of these potential strengths, Becamex Binh Dinh Joint Stock Company decided to build Becamex VSIP Binh Dinh Industrial, Urban and Service Park. This project realizes the Party and State policy on developing an industrial and urban complex in line with Binh Dinh province’s economic development goals, building a synchronous modern industrial park, facilitating investment attraction and manufacturing development to leverage regional economic development, create jobs for local people and contribute to socioeconomic growth.
Covering a total area of 1,425 ha, including 1,000 ha of industrial area and 425 ha of urban, commercial and service area, Becamex VSIP Binh Dinh Industrial, Urban and Service Park is one of the bright spots in Binh Dinh economic picture, highly appreciated by local leaders. The park has a seamless, convenient and diverse transport infrastructure as it strategically lies next to National Highway 19C and National Highway 1A to form a continuous traffic connectivity with provinces and cities. In particular, the project is located near Quy Nhon International Seaport and Phu Cat International Airport to meet investors’ needs for freight transportation. The project also lies on the North - South Railway, ready for rapid and efficient freight transport and forms an inter-regional connection network.
As it is located in Sector 7, Nhon Hoi Economic Zone, Becamex VSIP Binh Dinh Industrial, Urban and Service Park enjoys the highest tax incentives of the Government of Vietnam applicable to economic zones in the country. In addition, this economic zone applies to some special investment incentives of Binh Dinh province in general and of Becamex Binh Dinh Joint Stock Company in particular. Specifically, tenants are subject to 10% corporate income tax for 15 years, including a 100% exemption in the first four years and a 50% reduction in the next nine years. The import duty is exempted on goods imported to create fixed assets and 5-year exemption on inputs that cannot be produced domestically.
Accommodation for workers in Becamex VSIP Binh Dinh
Reliable address for investors
Being aware of the importance of sustainable development and building an environmentally friendly, green industrial park, Becamex Binh Dinh Joint Stock Company applies specific criteria in infrastructure planning and construction to Becamex VSIP Binh Dinh Industrial, Urban and Service Park from the beginning. Accordingly, among 1,000 ha of industrial area, 65% is used for building factories and warehouses and 220 ha is used for green areas, including trees and water surfaces. Although no factories in the park have come into operation and discharged waste, the centralized wastewater treatment plant (Phase I) has been put into operation. As a general investment destination, Becamex VSIP Binh Dinh Industrial, Urban and Service Park prioritizes attracting green industries that release less waste and wastewater into the environment.
Becamex VSIP Binh Dinh Industrial, Urban and Service Park provides a world-class industrial park infrastructure system that meets all needs of investors. They will be offered a synchronous and highly connected infrastructure system, including administrative area, factories and workshops, green areas, technical infrastructure (power stations, water supply stations, wastewater treatment stations, communications, internet services and traffic infrastructure).
Developed by two leading industrial real estate developers in Vietnam, Becamex IDC and VSIP, the park inherits their strengths in governance such as a well-functioning system and professional customer service. The park always seriously fulfills its commitments to investors and supports and guides them to carry out legal procedures, recruit workers, introduce partners and supply services during their project implementation.
Mr. Nguyen Van Lang, General Director of Becamex Binh Dinh, affirmed: "With experience and success in infrastructure investment and operation of industrial parks, Becamex VSIP Binh Dinh Industrial, Urban and Service Park is always well-prepared and ready to meet all the needs of investors. We will always be a reliable partner that accompanies, supports and promotes the position of an attractive destination and creates a solid foundation for tenants to improve their performance and achieve success.”
Currently, Becamex Binh Dinh is actively calling for investment funds. Specifically, the company hosts and coordinates in organizing investment promotion conferences with local leaders and Becamex IDC Corporation. This is also considered an effort to introduce Binh Dinh with great investment potential in 2022 and the following years to domestic and international friends. In the coming time, Becamex Binh Dinh will coordinate with Becamex IDC Corporation, Binh Dinh Provincial People's Committee and other agencies to woo investors from key markets such as South Korea, Germany, Australia and Japan. Indeed, direct investment promotion in key markets is always a special concern of the company.n
Source: Vietnam Business Forum
Vietnamese
October 2024
Hanoi