Sunday, September 26 2021


Bình Phước to expand IP space

Update: April, 12/2021 - 07:47


Bình Phước Province will build several new industrial parks and expand some existing ones. – Photo

BÌNH PHƯỚC – Bình Phước Province will build four new industrial parks and expand three existing ones by 2030.

Three of the new ones will come up in the Hoa Lư Border Gate Economic Zone, a 28,000ha investment magnet situated in Lộc Ninh District along the Cambodia border.

They will range in size from 300ha to 425ha.

The fourth, an IP – urban area of over 6,300ha, will be built in Đồng Phú District.

Minh Hưng 3 IP in Chơn Thành District will be expanded by over 577ha, and the North and South Đồng Phú IPs in the namesake district, by 317ha and 480ha.

The province’s IPs benefit from favourable tax policies, including waiver of tariffs on imported machinery, and financial support for infrastructure development.

Bình Phước, which has 14 IPs, is situated in the Southern Key Economic Zone and enjoys excellent connectivity with other key economic hubs such as Bình Dương and Đồng Nai provinces and HCM City. – VNS


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