With its convenient location, synchronous and modern infrastructure, competitive land rental compared to some industrial parks, Binh Xuyen 2 Industrial Park (phase 1) in Binh Xuyen district, Vinh Phuc province, invested by Fuchuan Co., Ltd of Taiwan, has become an attractive destination and a top choice by many domestic and foreign enterprises.
In 2014, Fuchuan Co., Ltd. was approved by the Vinh Phuc Provincial People’s Committee to invest nearly US$150 million to build Binh Xuyen 2 Industrial Park in the first phase, covering over 42 ha of land of which over 31.6 ha is rentable industrial land. As soon as it launched the project, Fuchuan Co., Ltd. focused resources on building good technical infrastructure and delivering support services for tenants. After one year of construction, Fuchuan completed the synchronous infrastructure system, consisting of 110/35/22-kV power stations, a water supply system with a daily capacity of 20,000 cubic meters, a concreted and asphalted traffic road system for convenient transportation, a stormwater drain system and a separate wastewater and waste treatment station with a daily capacity of 1,800 cubic meters.
In addition to synchronous modern infrastructure, the working environment in Binh Xuyen 2 Industrial Park is built on green, clean, beauty and environment-friendly criteria. Trees are grown to cover the entire industrial park. The location is convenient for goods circulation and transshipment to many provinces, cities and key industrial zones inside and outside the province. The land rental rate is attractive, from US$50 - 55 per square meter for the entire project life and the industrial zone management fee is 40 US cents per square meter a year, the wastewater treatment fee is 50 cents per cubic meter and a prefabricated factory module system is rented for US$5-7 per square meter a month. In addition, secondary investors will be provided with financial and banking support services, customs procedures and transportation and will enjoy preferential mechanisms and policies and maximum support of Vinh Phuc province.
Fuchuan not only helps businesses quickly access premises and factories they need, but also supports them with closed services in the industrial park and reduces management and infrastructure fees aimed to give them a helping hand to overcome their tough times. Therefore, after six years of operation, Binh Xuyen 2 Industrial Park (Phase 1) has attracted 58 FDI projects with a total investment capital of US$304.54 million, of which 56 have been put into operation. The occupancy rate already reaches 100%. The industrial park has contributed to job creation and socioeconomic development of Vinh Phuc province. Currently, the company is completing investment procedures to launch the VND1,000 billion Phoenix Town housing and public service project for workers in Ba Hien commune (Binh Xuyen). This project is expected to help solve urgent housing needs for workers in industrial zones in Binh Xuyen district, assure them to work harder and improve labor productivity, ensure occupational safety and health, and promote effective investment attraction.
By fulfilling its commitments and complying with regulations on construction investment and infrastructure development in industrial zones, on July 23, 2020, Fuchuan Co., Ltd got Decision 1839/QD-UBND on second phase expansion of Binh Xuyen 2 Industrial Park from the Vinh Phuc Provincial People’s Committee. Accordingly, Binh Xuyen 2 Industrial Park (Phase 2) will be expanded by more than 63 ha, costing US$18 million for construction. Currently, Fuchuan Co., Ltd. is completing investment project procedures and submitting them to the Prime Minister for approval.
Source: Vietnam Business Forum
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