Tien Cuong II: Evolution into Sustainable Green Industrial Complex

9:40:37 AM | 6/26/2024

The transformation of Tien Cuong II Industrial Complex into a "green industrial complex" is the unwavering vision of the leadership at Tien Phat Industrial Park Infrastructure Investment Joint Stock Company. This commitment shapes their investment policy and guides the ongoing progress of infrastructure development for the Tien Cuong II Industrial Complex in Tien Cuong commune, Tien Lang district, Hai Phong. To learn more about this initiative, our reporter recently conducted an exclusive interview with Mr. Pham Quang Khang, General Director of the company.

What are the outstanding advantages of Tien Cuong II Industrial Complex?

According to Hai Phong Master Plan to 2030, with a vision to 2050, Tien Lang district lies in the Hai Phong Southern Economic Zone. The district will have an international airport and a free trade zone among other facilities. Strategically located Tien Cuong II Industrial Complex is adjacent to National Highway 10 - a vital trade route with Quang Ninh, Thai Binh and Nam Dinh provinces. The project is 30km from Hai Phong downtown, 31km from Cat Bi International Airport, 35km from Dinh Vu Port, 40km from Lach Huyen Port, and 3km from Hanoi - Hai Phong Highway.

In addition to the favorable geographical location, the workforce is also an advantage. Hai Phong has 1.2 million workers, of which 75% are trained. The city is home to four universities, more than 60 colleges, intermediate schools and vocational schools.

Furthermore, the 21-meter-wide trunk road of Tien Cuong II seamlessly connects to National Highway 10, complemented by a network of modern internal roads.

Furthermore, to meet green standards, the technical infrastructure is built according to given standards and regulations, including the power supply system (capacity: 2x40MVA), water supply facility (capacity: 3,650 cubic meters a day), telecom system (designed for future development), wastewater treatment system (capacity: 1,700 cubic meters a day), wastewater treatment center (meeting QCVN 40:2011/BTNMT standards), fire protection system, post and telecom system, security (professional, around the clock, surveillance camera system), and extensive and convenient distribution system.

Tien Cuong II Industrial Complex will attract domestic and foreign tenants from China, South Korea and other nations with modern advanced technologies in various green industries such as electronics, refrigeration, telecom, information technology, high technology; supporting product manufacturing for high-tech industries; electrical equipment manufacturing; construction materials manufacturing (like sanitary equipment, ceramics and glass); light industries (like food, garment, footwear, stationery, agricultural and seafood processing).

 Perspective view of the Tien Cuong II Industrial Complex 

Can the company maintain schedule as committed in its first revised investment certificate granted by the Hai Phong People's Committee?

Tien Cuong II Industrial Complex was officially approved in principle by the Hai Phong People's Committee on January 18, 2022. On February 23, 2022, the committee ratified Tien Cuong II. On May 10, 2022, the committee continued to approve the detailed planning of the industrial complex and Tien Phat Industrial Park Infrastructure Investment Joint Stock Company was honorably chosen to be the investor.

On August 11, 2023, according to the first revised investment certificate, the total investment capital of the project was adjusted from over VND450 billion to VND699.38 billion.

Accordingly, after the detailed planning was adopted, in October 2022, the Tien Lang District People’s Committee established a site clearance board and immediately started land clearance. In October 2023, the committee handed over 50 ha of cleared land to the company for investment.

Since it received the site, the company urgently started necessary procedures to commence construction. When carrying out legal procedures, the company received support from relevant local agencies to complete them in the quickest manner. On May 18, 2024, the company officially broke ground and started construction on Tien Cuong II Industrial Complex.

The Tien Cuong II Industrial Complex spans more than 50 hectares, representing a significant investment of VND699.38 billion in construction costs. It is designed to operate over a 50-year lifespan from 2022 to 2072.

Speaking at the groundbreaking ceremony, Standing Vice Chairman of the Hai Phong People's Committee Le Anh Quan affirmed: The groundbreaking ceremony of the Tien Cuong II Industrial Complex project is an event marking an important step forward in investment attraction. When the project is completed and put into use, it is expected to attract many industrial tenants, create more jobs and income for local workers, increase state budget revenue, and contribute to boosting socioeconomic development of Tien Lang district and Hai Phong City. Hai Phong is committed to providing the most favorable conditions for businesses to accelerate project items and bring the project into operation.

Given the project progress from the first quarter to the end of the fourth quarter of 2024, the company is committed to completing all items and putting the project into operation. Gladly, immediately after being granted the investment license (in March 2024), Tien Cuong II Industrial Complex has welcomed many domestic and foreign investors to study and register to rent construction spaces, including FDI investors like Sun Vigor Vietnam Smart Toys Co., Ltd (hiring 7.6 ha of land) and Yinkee Co., Ltd (1.5 ha).

The Tien Cuong II Industrial Complex is poised for full occupancy upon the completion of its infrastructure. Moreover, tenants will benefit from carbon credits when exporting their products to high-demand markets such as the US, EU, and Japan.

Thank you so much!

By Ha Thanh, Vietnam Business Forum