Tan Huong Industrial Park was set up under Decision 1517/TTg dated September 26, 2006 by the Prime Minister, and the government of Tien Giang Province pledged to give investment incentives to investors in the park. The 197.33 ha Tan Huong IP is highly appreciated for its advantageous location by National Road 1A, 50km southeast of Ho Chi Minh City, 12 km northeast of My Tho City, near Can Tho - Ho Chi Minh City expressway to the northwest, and near My Tho and Hiep Phuoc ports. Vital traffic links with Ho Chi Minh City and Mekong Delta provinces play a crucial role in the importing and exporting activities of enterprises in the park.
More than six months after receiving investment licence, Nhut Thanh Tan Company, the investor of the park, has called eight investment projects to lease nearly 100 hectares, five of which have obtained business licences. Under the plan, the industrial zone will have international standard infrastructure featuring an electricity system with a capacity of 110KV/220KV – 80MVA, a water supply plant with daily capacity of 15,000 cubic metres, a 10,000 cubic metre per day wastewater treatment plant meeting TCVN 6982 – 2001 criteria, and a communication system with state-of-the-art transmission lines. At present, Tan Huong IP is promoting investment activities while completing its infrastructure.
Tan Huong IP, in Tan Huong Commune, Chau Thanh District, aims to attract projects using locally available materials, such as fruit, root and vegetable processors, and beverage and animal feed producers. In addition, the industrial park also draws projects in other industries like mechanics, building materials, cosmetics, fertilisers, pharmaceuticals, garments, textiles and consumer goods.
With investment incentives provided by the Government, investors in Tan Huong IP will also be given many attractive incentives by Tien Giang Province, including labour training fees, advertisement costs, and exhibition and trade fair attendance costs. Regarding legal procedures, the Industrial Park Authority will receive and complete procedures quickly, limiting investors’ difficulties from the beginning of their projects.
Nhut Thanh Tan Company, the infrastructure system developer, focuses on efficiency in investment projects; thus, it prioritises service quality. Higashimaru Company of Japan started construction on an animal feed factory on nearly two hectares on May 18, 2007 in Tan Huong IP. Higashimaru is an experienced fish feed supplier in Japan and this company has supplied shrimp feeds for the Vietnamese market for a long time. The factory’s first phase, to cover 2,233 square metres and have annual capacity of 100,000 tonnes, needs US$20 million investment capital.
Higashimaru is a leading Japanese non-antibiotic fish feed producer, and the company believes when the factory is complete it will help Vietnamese farmers breed hygienic and safe aquatic species, provide jobs for local people and develop the fisheries of Tien Giang Province.
With its current investment rate, the park’s target for full occupancy in 2008 is within reach.
Minh Oanh
Vietnamese
