Binh Duong is one of the most attractive destinations for foreign investors. The province has created many investor-friendly industrial parks and industrial complexes. For example, Nam Tan Uyen Industrial Park has become the most favourite destination for investors after three years of operation.
The Nam Tan Uyen Industrial Park was formed on October 24, 2005 in the south of Tan Uyen district, Binh Duong province, about 30 km northeast of Ho Chi Minh City, the largest economic hub in Vietnam. Developers of the industrial park include the Vietnam Rubber Industry Group, Phuoc Hoa Rubber Joint Stock Company, the Rubber Investment and Construction Joint Stock Company and the Rubber Construction Technique and Real Estate Joint Stock Company. The industrial park has a total area of 330.5 ha, including 138.25 ha built in the first phase and 66.35 ha in the second phase. On July 29, 2009, the Nam Tan Uyen Industrial Park was approved to expand its area by 300 ha in Hoi Nghia commune.
According to enterprises, the Nam Tan Uyen Industrial Park has a very favourable location and terrain where labour costs are quite low, science and technology are considerably developed and traffic systems are well connected with major roads in the nation. Furthermore, the industrial park is applying attractive incentive policies for investors such as flexible land rental payments, legal support, recruitment support, and a rental discount of 5 - 10 per cent for hi-tech, environment-friendly and capital intensive projects. Additionally, Binh Duong province and Tan Uyen district are planning to build lines exclusive for production purposes and complete traffic systems from now to 2010 and vision to 2020, such as the 220 KV Tan Dinh - Uyen Hung power line, the 220 KV Uyen Hung transformer, the 110 KV Hoi Nghia transformer, the 500 KV Song May - Uyen Hung power line, and the My Phuoc - Tan Van highway. Especially, the capability and prestige of the operator, Nam Tan Uyen Industrial Park Joint Stock Company, are also reliable support for enterprises.
In response to the trust of investors, the leadership of the Nam Tan Uyen Industrial Park Joint Stock Company, said: “We have prepared all favourable conditions to welcome investors such as land, completed infrastructure and factories. Every item is carefully examined and supervised during the construction in line with ratified standards. Moreover, basic infrastructural items like traffic, water drainage and lighting systems, electric, water supply and post services are completed to serve investors in the best manner.”
Therefore, the Nam Tan Uyen Industrial Park is drawing more interest from domestic and international investors. After three years of operation, the Nam Tan Uyen Industrial Park has housed 70 projects on 170.4 ha, including 47 Vietnamese-invested projects and 23 foreign-led ones, with a combined investment capital of US$250 million and VND1,020 billion (US$61 million). The park has also concreted 22.36 km of inner roads, planted trees on 32.5 ha of green areas and 8,468 trees along inner roads, filled up 240 ha of leasable land, and built a central wastewater treatment plant with daily capacity of 2,000 cubic metres a day.
To boost its capacity, the Nam Tan Uyen Industrial Park Joint Stock Corp. is trying to attract more investors to lease the land; build factories, warehouses, residences for experts, entertainment areas and medical centres; and invest in related industries.
Minh Huong
Vietnamese
