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Binh Minh Industrial Park: Regarding Investors’ Success as its Own Success

Date: 8/2/2013 10:13:37 AM

To achieve the goal of becoming an average developed province in the region at the end of the 2010 – 2015 period, Vinh Long has been focusing on building and expanding industrial parks systems to create good infrastructure conditions to attract domestic and foreign investment projects, contributing to effective and sustainable socio-economic development. Binh Minh Industrial Park (IP) is invested by Hoang Quan Mekong Consulting - Trading - Real Estate Service JSC, which is one of key priority projects in the development plan of Vinh Long province to improve integration capacity and socio-economic development.

Binh Minh IP is in the integrated project including industrial parks - port – residential accommodation and commercial centre with a total area of over 162 hectares launched by Hoang Quan Mekong Company in 2006. The IP has a total area of about 131.5 hectares of which, there are 86.03 hectares of industrial land, 6.85 hectares of administration-service land, 13.36 hectares of green land and 20.54 hectares of transport land.

The highlight of the Binh Minh IP is the prime location: “river in the front and route behind", along National Highway 1A and the Hau River, located 5km from the centre of Can Tho City, 15km from Can Tho International Airport and 160 km from Ho Chi Minh City. Located far from the centre of Vinh Long City but near Can Tho City, Binh Minh IP benefits technical infrastructure of Can Tho City such as ports, airports, communication systems, banking networks and human resources. With the convenient location for cargo traffic between the provinces and increasing investment efficiency combined with good marketing strategy by calling for investment, widely broadcasting images, Binh Minh IP has so far attracted many investors.

In terms of relative advantages to attract investment, Binh Minh IP has many superior criteria compared to other IPs in Can Tho City, especially rental prices may be lower due to lower input costs and more incentive policy for investment because this is the area located far from the centre of the province. In addition, in the overall of Binh Minh IP - Port - Urban project, Binh Minh port is located right next to Binh Minh IP. This port has been put into a group of 6 ports capable of receiving vessels up to 15,000 to 20,000 DWT, so when Dinh An channel is widened, enterprises in the IP can export goods directly through this port.

Currently, Binh Minh IP has completed the construction of modern infrastructure categories to serve the business needs of domestic and foreign investors. The internal road system has been completed. Hoang Quan Mekong Company also conducted tree planting along the internal roads in the IP to create shade and green space. Along with the improvement of internal communication network and infrastructure services, Hoang Quan Mekong Company has also started construction of focusing wastewater treatment plant with the capacity of 5,000 m3 / day which is under Phase 1 (with the capacity of 2,200 m3/day). The company also attempts to maintain a strict regime of management and use of wastes and industrial activities must be thoroughly treated to create sustainable environment for development. In addition, the Binh Minh IP also has utilities such as customs, banks, clinics, commercial centres, sports, school and residential area of 30 hectares, for professionals and workers in the IP.

Not only receiving prepared infrastructure, in Binh Minh IP, businesses also receive active support from the IP investor in implementing investment procedures and many other services during project implementation. Besides, the soft infrastructure has also contributed to the difference of Binh Minh Industrial Park. Those are the supporting services which Hoang Quan Mekong gives to land investors, including support training for human resource, supporting trade promotion, supporting procedures for granting Business license/Investment Registration, free legal advice when applying for a business/investment license, discount 50 percent for design cost, support investors in implementation of administrative procedures in the process in operation; build housing for workers. These support services will help employees feel secure about working in the businesses in the IP and at the same time help businesses be more confident in investing production and long-term development. In addition, when investing in Binh Minh IP, business now also receives the support of the state agencies and local governments to quickly remove the difficulties and problems in production operations.

With synchronous and modern infrastructure, strategic position for economic development and international cooperation, Binh Minh IP in operation will effectively contribute to Vinh Long’s economic restructuring towards industrialisation and modernisation and change the face of the province. Binh Minh IP is considered an ideal destination to invest. Mr Phan Hung Khuong, Deputy General Director of Hoang Quan Mekong Consulting - Trading - Real Estate Service JSC said: "We are ready to welcome investors to Binh Minh IP and always regard the success of investors as the company’s success."

(Source:vccinews)

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