Phu An Thanh IP Marching Towards Success with Investors

9:31:10 AM | 11/16/2011

Blessed with all required elements, Phu An Thanh Industrial Park (PAT IP) has quickly become a "promised land" for domestic and international investors and actively contributed to the economic and social development of Long An province.
 
PAT IP covers 392 ha in An Thanh commune, Ben Luc district, Long An province. The industrial park is managed and operated by Phu An Thanh - Long An Co., Ltd, a member company of Phu An Thanh Group Joint Stock Company). PAT IP has a very convenient transport position as it lies between Ho Chi Minh City and Mekong Delta provinces, about 6 km from National Highway 1A and 3 km from Ho Chi Minh City - Trung Luong Highway. Besides, PAT IP is close to the Vam Co Dong River, one of major rivers in the southern Mekong Delta region, thus enjoying a convenient waterway transport system. In addition to the ideal location, Phu An Thanh also has good traffic connections, infrastructure, services and utilities.
 
Mr Tran Van Ngoc, Chairman of the Board of Directors of Phu An Thanh Group Joint Stock Company, said: "We develop this project with the desire to provide efficient services, accompanying the development of businesses, protecting the environment and developing the community.”
 
In addition to complete infrastructure and quick-complete licensing time, the Management Board of the Phu An Thanh Industrial Park always strives to resolve problems facing investors rapidly and satisfactorily. Besides, investors are provided adequate legal support and guidance, contact with competent authorities, consultancy and other services. These are comparative advantages of Phu An Thanh Industrial Park. Thus, PAT IP has attracted many domestic and international investors, including large-scale concerns like Huu Lien Asia Corporation, Asia Steel Co., Ltd, Huu Lien Steel Co., Ltd, and Vinalink International Freight Forwarders. Notably, Sumitomo, a leading Japanese group, decided to invest nearly US$100 million to build a 20-ha artificial plywood factory, which was expected to be put into operation this year’s end.
Apart from focusing on developing IP products (land plots, ready factories, utilities, telecommunications, etc.), PAT IP has developed public utilities like green areas, clinics, restaurants and kindergartens to serve and improve living conditions of IP workers and local residents. PAT IP has also cooperated with professional partners to build local vocational schools and colleges to supply qualified manpower for investors.
Moreover, PAT IP has actively invested in water supply and waste treatment systems to protect the environment and uphold social responsibility to meet criteria of a modern industrial park. Mr Trinh Dang Hai, Business Development Manager of Phu An Thanh Group Joint Stock Company, said: Although PAT IP lies above the groundwater source, the company does not exploit it, to avoid environmental destruction and freshwater shortage in the region - a grave threat to local people. To fulfil its community responsibility, PAT IP invested VND38 billion to build a water supply plant with a daily capacity of 5,000 cubic metres (phase 1). The treated water is completely drinkable. The company plans to bring up the daily capacity of the water plant to 7,000 cubic metres (phase 2). According to the company’s plan, Phu An Thanh Kobelco Eco Solution Joint Venture invested US$37 million to build a water supply plant at a daily capacity of 50,000 cubic metres. The facility, with input water sourced from the Vam Co Dong River, will supply tap water for industrial parks and surrounding residents. For collecting and treating industrial waste, PAT IP joined hands with Holcim Geocycle Company to treat and recycle solid wastes.
With the current development pace, the preparations and commitments of PAT IP on service quality for investors will bring in more investors. The industrial park is expected to be fully leased by investors by the second quarter of 2012 and the second phase of the industrial park will be kicked off in the third quarter of 2012. PAT IP is striving to become a Top 3 industrial park in Vietnam from 2013.
 
Hoang Lam