Le Minh Xuan Industrial Park, Ho Chi Minh City

Le Minh Xuan Industrial Park was established under Decision No. 630/TTg dated August 8, 1997, by the Prime Minister with the aim of relocating production facilities that generate noise and pollution from the inner city. Specifically, Le Minh Xuan Industrial Park is situated far from the city center and accommodates industries such as textiles and dyeing, chemicals, and mechanical engineering.

I. Overview of Le Minh Xuan Industrial Zone

With the total investment up to 246 billion dong, Le Minh Xuan IP is one of key industrial parks which set the establishment for the success of Ho Chi Minh industrial city.

Name: Le Minh Xuan Industrial Park
Location: Le Minh Xuan Commune, Binh Chanh District, Ho Chi Minh City
Area: 100 ha (phase 1)
Operational period: 50 years (1997 – 2047)
Occupancy rate: 100%
Preferred industries: Textile and garment; leather and footwear; processing, rolling, and casting of non-ferrous metals; plastics and resins; rubber processing; textile dyeing; food processing; electronics and household appliances assembly; production of building materials and interior decoration; ceramics and glass industries.

II. Location of Le Minh Xuan Industrial Park

Le Minh Xuan Industrial Park is located at the western gateway of Ho Chi Minh City, situated along the border of Tan Nhut and Le Minh Xuan communes and on Tran Dai Nghia Road, Binh Chanh District. This location facilitates the connection to amenities within the city center, as well as creates a link with other industrial parks and clusters in the area. It also provides convenient connections to supporting industrial parks/clusters in neighboring provinces such as Long An and Binh Duong.

Connection:

To the North: adjacent to Canal No. 6
To the East: adjacent to the fields of Le Minh Xuan Farm
To the West: adjacent to Go May – Tan Nhut Road (Canal B route)
To the South: adjacent to Canal No. 8

Distances:

To Ho Chi Minh City center: approximately 18 km
To the nearest residential area: approximately 8 km
To National Highway 1A: approximately 6 km
To Provincial Road 10 and existing residential areas: approximately 3 km
To Ho Chi Minh City – Trung Luong Expressway: 11 km
To Tan Son Nhat Airport and Saigon Port: 18 km
With a 15 – 25 minute drive, from Le Minh Xuan Industrial Park, you can go to several industrial parks such as:
Tan Tao Industrial Park: 7 km
Vinh Loc Industrial Park: 11 km
Xuyen A Industrial Park (Long An): 20 km

III. Infrastructure in Le Minh Xuan Industrial Park

Le Minh Xuan Industrial Park features modern and integrated infrastructure, which will significantly facilitate business activities here.

Internal road: Complete internal road system for easy connection to key economic regions.
Power supply system: 500kV Phu Lam substation
Clean water supply: The city’s water supply system with high capacity and the industrial park’s groundwater system.
Wastewater treatment system: A wastewater treatment plant with a designed capacity of 4,000 m³/day and night.
Telecommunications System: A modern information technology system is built to facilitate convenient domestic and international communication for investors, including high-speed ADSL connections.
Other amenities: Tennis courts, hospitals, banks, etc.

IV. Investment costs in Le Minh Xuan Industrial Park

Management fee: As stipulated by the Provincial People’s Committee and the Industrial Park Management Board.
Electricity price (on average): 1.700d/kWh
Clean water price: 4.000d/m3
Wastewater fee: 2.700d/m3

V. Investment incentives in Le Minh Xuan Industrial Park

Businesses in Le Minh Xuan Industrial Park are eligible for these following investment incentives:

Corporate income tax: tax exemption for the first 2 years, 50% reduction for the next 4 years.
The tax exemption and reduction period is calculated continuously from the first year in which taxable income is generated from the new investment project that qualifies for tax incentives. If there is no taxable income in the first three years, the tax exemption and reduction period will begin from the fourth year, starting from the first year in which revenue is generated from the new investment project.

VI. Investors in Le Minh Xuan Industrial Park

After 10 years of operation, Le Minh Xuan Industrial Park has welcomed 167 foreign and domestic investors. Of which, there are about 27 businesses with 100% foreign investment and 3 joint venture businesses. At present, the total 10ha area has been covered, 150 businesses have been put into operation. This means Le Minh Xuan IP has attracted $30,68 million, 1.083 billion investment capital and employed 7.145 local residents.