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Last updated: Monday, June 18, 2018

 

Tan Phu Trung IZ: Efforts for Sustainable Business Environment

Posted: Tuesday, June 12, 2018


With an open investment environment and favourable investment policies provided by the Ho Chi Minh City People’s Committee, together with effective support and attractive incentives of Northwest Saigon City Development Corporation (SCD), Tan Phu Trung Industrial Zone has gradually become an ideal destination for domestic and foreign investors, thus contributing to local socioeconomic development and the cause of industrialisation and modernisation of Ho Chi Minh City.

Tremendous appeal
Located in the planned Saigon Northwest Urban Area (6,000 ha), Tan Phu Trung Industrial Zone is designed to be a key commercial gateway of Ho Chi Minh City and the Southern Key Economic Zone to the world. Tan Phu Trung IZ will have many advantages namely harmonious and sustainable industrial urban planning, a favourable location and a convenient traffic system that easily links to other provinces, cities and big economic centres in Southeast and Southwest regions. It is 25 km from downtown Ho Chi Minh City, 15 km from Tan Son Nhat International Airport, 27 km from Saigon Port, 20 km from Saigon Railway Station, and 55 km from Moc Bai Border Gate. It is bordered by Tay Ninh province to the north, Binh Duong province to the east, Long An province to the west and Hoc Mon district to the south. It also has a very convenient traffic connections with National Highway 22 – part of the Trans-Asia road system running from Ho Chi Minh City to Cambodia; National Highway 1A - the most important traffic route in Vietnam that connects half of the biggest cities and provinces in Vietnam and interlinks four major cities of Hanoi, Danang, Ho Chi Minh City and Can Tho; Provincial Highway 8 that connects the Long An, Binh Duong and Ho Chi Minh City Economic Triangle. Through these important traffic routes, Tan Phu Trung Industrial Zone will help investors take advantage of its position as a commercial gateway for the Southern Key Economic Zone, the Mekong Delta and Cambodia. At the same time, it provides favourable conditions for tenants to mobilise labour resources and raw materials, expand consumption markets and reduce production and business costs.

In addition to the extremely favourable location, Tan Phu Trung Industrial Zone has synchronous and modern planning. It has 359 ha of industrial land ready to meet the basic needs of Vietnamese and international investors and 48 ha of residential land for professionals and workers together with health and bank services. Large land fund and good geological features help tenants with more cost-effective investment options. Apart from convenient traffic and complete and synchronous infrastructure, the appeal of Tan Phu Trung Industrial Zone also comes from its abundant and diverse products such as industrial land for building standard factories, warehouses and workshops for tenants for tenants, abundant and highly qualified labour force in Cu Chi district and neighbouring areas. Especially, benefiting from the financial strength and experience from its principal shareholder Kinh Bac City Development Holding Corporation (KBC) - a member of Saigon Invest Group (SGI), a leading developer of industrial parks in Vietnam, Tan Phu Trung Industrial Zone is fully capable of developing into a modern industrial zone of international class and bringing the highest surplus value to tenants.



Ideal destination to invest
Tan Phu Trung Industrial Zone is calling for investors in the following industries: mechanical engineering, electronics, information technology, pharmacy and cosmetics, food processing, beverage and biotechnology that use advanced environment-friendly technologies. The abundant and professional labour force in Cu Chi and neighbouring areas is always ready to meet the recruitment demands of tenants.

Not only receiving support from SCD for carrying out investment procedures and many other services in the course of project deployment, tenants in Tan Phu Trung Industrial Zone are entitled to enjoy preferential corporate income policies, for example, a 2-year exemption of corporate income tax and a reduction of 50 per cent in the next four years. Besides, investors are provided with free support to obtain investment certificates, business registration certificates and other legal procedures as well. Investment methods into Tan Phu Trung Industrial Zone are also flexible for specific investors. They can rent land to build factories on their own or can rent already-built factories and offices.

With diversified products, flexible investment modes, reasonable preferential policies, considerate customer services and enthusiastic staff, SCD has built up good relationships with tenants. The company listens to tenants’ opinions and speeds up infrastructure construction to improve the quality and production environment. For new investors, SCD always accompanies and actively supports them to execute procedures concerning business establishment and factory construction. This is also the reason why most tenants are well satisfied with products and services at Tan Phu Trung Industrial Zone, and volunteered to be effective marketing channels for the industrial zone. Since the beginning of 2016, Tan Phu Trung Industrial Zone has attracted 23 investors engaged in different industries such as mechanical engineering, packaging and pharmaceuticals like Isuzu Vietnam Co., Ltd, Vina Industrial Gas Trading & Service Co., Ltd Bachy Soletanche Vietnam Company, United Packaging Co., Ltd and Mekong Trading Production Joint Stock Company.

In June 2018, SCD will continue to sign contracts with some new investors. The continuous arrival of investors demonstrates the strong appeal of Tan Phu Trung Industrial Zone because of its strategic location, favourable traffic, comprehensive planning, attractive investment incentives and abundant labour resources. The industrial zone has thus become a reliable and ideal destination for investors to develop their business operations and increase their strength and financial viability.

Anh Dao








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