Minh Hung III industrial park with total area of 291.52ha established in late 2008 under capital contributed by member companies of Vietnam Rubber Group (VRG), total invested capital of 289 billion VND in which charter capital of 120 billion VND.
Strategic significance in attracting investments is demonstrated by factors as: Minh Hung III industrial park developed modern infrastructure right from beginning construction, located along National Highway No.13 – main traffic axis playing an essential role on regional economic development. Linking directly National Highway No.13 width 60m with industrial park’s central road (N11) width 51m and National Highway No.14 to form a comprehensive traffic system, convenient for transportation of goods. Owning location in key economic zone, abundant labor source, raw material sources nearby, various tax exemption policies in investment incentive and land sublease cost low… put emphasis on attractiveness of Minh Hung III industrial park in attracting investors from first sight.
At present, projects invested into Minh Hung III industrial park come from nations as Korea, Japan and Vietnam, among those MDF processing factory of MDF VRG Dongwha (Viet-Korea Joint-venture) with total invested capital 160 million USD – the biggest scale of an MDF processing factory in Asia, is here now operating.
GEOGRAPHICAL LOCATION
Minh Hung III industrial park located in Minh Hung commune, Chon Thanh district, Binh Phuoc province, belonging to the key economic zone of the South with a throughout traffic system:
National Highway No.13 connecting with Hochiminh city and Cambodia
National Highway No.14 connecting with Highland provinces.
Hochiminh trail once completed shall connect with Western provinces.
Especially, Trans-Asia railway planned to pass through the region shall open many new prospects for goods trading for not only Binh Phuoc province but also the whole Southern region.
| Destination | Distance | Travelling time |
| Ho Chi Minh City | 80 km | 90 min |
| Center of Binh Duongprovince | 60 km | 45 min |
| Cambodia | 80km | 90min |
| Tan Son Nhat Int’l Airport | 90 km | 100 min |
| Thanh Phuoc River Port | 55 km | 40min |
| Cat Lai Port | 100 km | 120 min |
NATURAL CONDITIONS
- Average height of land above sea level: 78m
- Soil pressure: 20 ton/m2
- Annual average humidity: 80%
- Annual average temperature: 31oC
- Annual average rainfall: 2258 mm
- Not affected by natural such disasters as floods, tornados, earthquakes…
INVESTMENT INCENTIVES
Investors will be received the preferential policies and conditions from Binh Phuoc province. In addition, industrial area owner support investors to complete procedures related to investment in industrial park. With a preferential policy of land rent rates, reasonable and attractive.
| TAX INCENTIVES | ||
| CORPORATE INCOME TAX | +10 years since start of business
+Consecutive years: *Exemption for 02 years from when taxable income & deduction of 50% tax for 04 consecutive years. (Base on Decision No.124/2008/QĐ-CP) |
20%
25%
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| EXPORT & IMPORT DUTIES | Subjects to be exempted from imp-exp taxation:
-Goods which are equipment, machinery, special-use vehicles as part of the fixed assets of the enterprise. -Raw materials, accessories for production of goods for export. -Constructional materials which have not been produced yet in Vietnam. -Exemption from export tax on export products. |
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| VALUE ADDED TAX | -Value Added Tax (VAT) applies on goods & services circulated & consumed inVietnam which is collected through production, trading and provision of services.
– Applicable VAT rates are 0%, 5% & 10% -The 0% rate applies on export of goods and certain services, including sales to export processing zones. |
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