Tan Huong Industrial Park, situated in Chau Thanh district, Tien Giang province, is typical for industrial zones inside a key economic zone which focus on attracting investment capital for key economic sectors, tapping local strengths, and generate jobs for local people, and speeding up economic development.
About 50 km from Ho Chi Minh City o the southeast, about 10 km from Saigon - Trung Luong expressway and 43km from Tan Son Nhat International Airport, Tan Huong Industrial Park has overwhelming advantage over its peers in Long An and Tien Giang provinces in attracting key industries like electricity, electronics, information technology, engineering, chemicals and consumer goods.
The construction on Tan Huong Industrial Park was commenced in 2006 on a total area of 197.33 ha (excluding 40 ha allocated for resettlement area), of which 144 hectares are rentable. The total investment capital for the construction was more than VND600 billion. This was a rapid-building industrial zone in the province. Nhut Thanh Tan was highly appreciated by provincial authorities for its ongoing efforts to withstand hardships to accelerate the infrastructure construction progress to provide spaces for investors. Currently, Tan Huong Industrial Park is housing 26 Vietnamese and foreign investors with about 70 percent of rentable leased. They registered to invest US$198 million and VND211 billion. Tenants are employing over 25,000 local workers and more than 200 foreign specialists from the US, Japan, South Korea, Taiwan, China and Hong Kong.
In addition to completing basic infrastructure, workshops, telecommunications system, etc, the industrial park also built a wastewater treatment system with a daily capacity 4.,500 cubic metres (second phase, depending on the presence of tenants), and a 63 MVA/110KV transformer capable of supplying enough electricity for investors in both rainy and dry seasons. Besides, Nhut Thanh Tan also erected fences to ensure security and order.
Tenants in Tan Huong Industrial Park are granted procedure support, tax preferences, training expenses, and marketing fees - applicable to local exhibition and fair events.
Nhut Thanh Tan hopes to lease 40 hectares of remaining rentable land to investors by December 2013. Projects of light industry and hi-tech will be given priority. The company also trains 10,000 workers for tenants. Notably, they will be offered loans with annual interest rate of 15 percent or lower.
Minh Tuan
Vietnamese
