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VSIP I Industrial Park, Binh Duong province

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VSIP I Industrial Park in Binh Duong province, also known as Vietnam – Singapore Industrial Park, was approved in the following decisions:

Decision No. 870/TTg dated November 18, 1996 of the Prime Minister regulating the functions, tasks, powers and organizational structure of the Vietnam – Singapore Industrial Park Management Board.

Investment License No. 1498/GP dated February 13, 1996, 1498/GPĐC1 dated July 20, 1998, 1498/GPĐC2 dated November 5, 2001, 1498/GPĐC3 dated August 10, 2004 issued by the Ministry of Planning and Investment private level.

Application for investment certificate signed on June 20, 2008 and attached documents of Vietnam – Singapore Industrial Park Joint Venture Company Limited submitted on June 30, 2008.

VSIP I Industrial Park Construction Development Project in Thuan An Town, Binh Duong Province by Former Prime Minister of Vietnam Vo Van Kiet and Former Prime Minister of Singapore Goh Chok Tong were the honored guests representing the two Governments at the Groundbreaking Ceremony on May 14, 1996. Currently, VSIP I Binh Duong has become one of the model industrial parks with the achievements of a leading industrial park in Vietnam. The occupancy rate of VSIP I industrial park is 100%, attracting 231 projects with a total investment capital of about 3.2 billion USD..

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I. Overview of VSIP I Industrial Park in Binh Duong province

RSL Group would like to introduce an overview of VSIP I Industrial Park as follows:

  • Name: VSIP I Industrial Park, Binh Duong province
  • Location: No. 8 Huu Nghi Avenue, VSIP building, Thuan An town, Binh Duong province
  • Scale: 500 hectares
  • Fill rate: 100%
  • Operating time: 1996 – 2046 (50 years)
  • Industries attracting investment: Food, electronics, precision mechanics, pharmaceuticals, other supporting industries

II. Geographical location of VSIP I Industrial Park in Binh Duong province

VSIP I Industrial Park in Binh Duong province is located in Thuan An district, Binh Duong Province, adjacent to two main roads, National Highway 13 and DT743 Road, about 20km from the center of Ho Chi Minh City, with a convenient location near Ho Chi Minh City. Helps investors easily use infrastructure, utilities and support services in Vietnam’s number one economic center – Ho Chi Minh City.

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In addition, VSIP is also located very close to Tan Son Nhat international airport and main ports (Saigon Port), helping to conveniently transport import and export goods of factories in the industrial park.

Distance

  • Ho Chi Minh city: 23km
  • Tan Son Nhat International Airport: 20km
  • Binh Duong province center: 10km
  • Saigon Thong Nhat Station: 25km
  • Cat Lai deep-water seaport: 28km

III. Infrastructure in VSIP I Industrial Park

VSIP I Industrial Park in Binh Duong province is planned on a total area of industrial land for lease of 500 hectares (expected to be expanded to 1,000 hectares in the expansion phase), designed as an industrial park with current infrastructure. modern, complete system including electricity, water, waste treatment system, and communications as well as a power generation plant.

The hard ground, 25m-30m above sea level, may not require pile reinforcement before building a factory, helping businesses at Vsip 1 Binh Duong save money.

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Weather condition:

The average temperature in the year is 27.3 degrees Celsius, average humidity is 88%, maximum daily rainfall is 130.0mm

Traffic system

Planned and designed up to 64m for the main trunk system, and internal traffic system: 24m branch road

Grid power system

From the national grid system connected through the construction of a separate transformer station of VSIP Industrial Park with a capacity of up to 141 MVA, ensuring adequate supply of production electricity for factories and factories renting land in the Industrial Park: with intermediate transformer stations with voltage levels of 110KV, 220KV… VSIP Industrial Park brings low voltage transformer stations, and transformer stations of the factory.

Clean water supply system:

Maximum flow is up to 40,000m3/day and night, ensuring water for production activities according to industrial park standards.

Waste water treatment system:

Maximum treatment capacity of 30,000m3/day and night, along with a rainwater drainage system arranged along the roads, and a professional infrastructure management team.

System of fire:

Fire hydrants are installed along main and branch roads, the fire station is located in the VSIP area.

Telecommunications system

Fiber optic cable, maximum bandwidth of 2GB, and up to more than 6000 phone lines

The security system and other services such as banking are built around and there is a office right at the gate of the industrial park

IV. Expense

Investors who rent land and factories in VSIP Industrial Park will be granted an Investment Certificate with the operating period of the Industrial Park being: 50 years from the date of issuance of the Investment Certificate.

During the process of leasing land, investors can sublease or transfer it to other small investors.

Water price: according to current regulations of Binh Duong Provincial People’s Committee
Labor salary in 2019: refer to labor recruitment unit price in Binh Duong province and Ho Chi Minh City: 250-500 USD/person/month

Prices for electricity, clean water, solid waste and wastewater treatment fees: according to regulations of Binh Duong Provincial People’s Committee and Industrial Park Management Board
Management fee: 0.4 USD/m2/year

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V. Investment incentives for VSIP 1 Industrial Park

Encouraged industries and investment incentives in VSIP I Industrial Park in Binh Duong province:

High-tech, environmentally friendly industries
Assembling electronic and precision mechanical components
Garment
Some incentives when newly established investors rent land and factories in VSIP I Industrial Park – Binh Duong:

Tax exemption for 02 years; 50% discount for the next 4 years
Free 1 month setup

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Above is all the detailed content about VSIP I Industrial Park. RSL Group hopes to be able to provide useful information to readers. Learn about other products of RSL Group here