Tam Thang Industrial Park - Da Nang

Overview of Tam Thang Industrial Park:

Tam Thang Industrial Park:

Tam Thang Industrial Park is one of the industrial parks within the Chu Lai Open Economic Zone, included in the master plan approved by the Prime Minister through Decision No. 43/2004/QD-TTg on March 23, 2004, and detailed planning approved by the Management Board of Economic and Industrial Zones of Da Nang Province, with a total area of 197.1 hectares.

Chu Lai Industrial Zone Infrastructure Development Limited Company (CIZIDCO) is the infrastructure developer of The Industrial Park.

Geographical Location:

Tam Thang Industrial Park is located in Binh Nam Commune, Thang Binh District, and Tam Thang Commune, Tam Ky City, Da Nang Province.

Boundaries and Scope:

• Northeast: Adjacent to Tan Thai Hamlet, Tam Thang Commune.
• Northwest: Adjacent to Tich Yen Hamlet, Tam Thang Commune.
• Southwest: Adjacent to Thach Tan Hamlet, Binh Nam Commune.
• Southeast: Adjacent to North Tam Ky main axis road and Nguyen Van Troi Street.

With its strategic geographical location, synchronized technical and social infrastructure, attractive incentives, reasonable land and service rental costs, abundant and supported labor resources, and streamlined investment procedures managed by CIZIDCO, The Industrial Park is a friendly and reliable destination for domestic and foreign investors to achieve sustainable development.

Tam Thang Industrial Park Expansion:

Tam Thang Industrial Park Expansion is within the planned scope of Tam Thang Industrial Park. Approved through Decision No. 1737/QD-TTg on December 13, 2018, the General Construction Plan of Chu Lai Open Economic Zone, Da Nang Province, includes the adjustment and allocation of an area of 800 hectares for development until 2035, with a vision towards 2050.

On January 24, 2022, the Government approved the project for the construction and operation of the infrastructure of Tam Thang Industrial Park Expansion, led by CIZIDCO, through Decision No. 128/QD-TTg.

Tam Thang Industrial Park Expansion covers an area of 242 hectares in Binh Nam Commune, Thang Binh District, Da Nang Province. The Management Board of Economic and Industrial Zones of Da Nang Province granted the Investment Registration Certificate No. 1111188580 to it on February 17, 2022.

Boundaries and Scope:

• Northeast: Adjacent to the industrial park connection road.
• Northwest: Adjacent to DH3 Road, Thang Binh District.
• Southwest: Bordering the Chu Lai KTM Zone.
• Southeast: Tam Thang Industrial Park and Capella Industrial Park.

The Industrial Park Expansion is envisioned as an ecological industrial park, attracting industries compatible with its ecological nature, and environmentally friendly manufacturing sectors that utilize advanced technologies and create high-added value.

Several industries receive priority in The Industrial Park. These industries include machinery, equipment, and mechanical manufacturing. Another prioritized sector is electronic components and equipment manufacturing. Additionally, wood processing, glass and ceramics production, and construction materials production are given priority. Furthermore, agricultural product processing and the food processing and beverage industries are also among the prioritized sectors.

The infrastructure of Tam Thang Industrial Park:

• Power supply: Electricity is supplied from the national power grid through the Tam Thang 110 kV substation, providing stable power to the industrial park.
• Water supply: Sourced from the Tam Ky Water Plant with a capacity of 35,000 m3/day and night, providing sufficient water according to the enterprises’ needs.
• Wastewater treatment system: All wastewater generated by the enterprises in The Industrial Park is required to be connected to the industrial park’s wastewater collection system and directed to the centralized wastewater treatment system, which is invested in by Panko before being released into the environment.
• Telecommunications/Internet: The telecommunications system meets international standards, fulfilling the communication, high-speed data transmission, and postal services requirements domestically and internationally. Specialized units will provide all the requirements for the Investor.
• Other utilities: Customs, banks, post office, bus system, industrial park security, hospital.
• Education system: Da Nang Province has 2 universities, 7 colleges, and 3 vocational schools. There are also about 40 vocational training schools. These educational institutions offer a wide range of majors including foreign languages, garment making, welding, mechanical engineering, casting, and turning. There are also 50 secondary schools. Approximately 9,000 students graduate each year.

Investment in Tam Thang Industrial Park:

Attractive investment sectors:

• Textile and garment industry and related supporting industries.
• Production of electrical and electronic components and equipment.
• Machinery manufacturing.
• High-tech industry.
• Pharmaceutical production and medicinal plants.
• Production of plastic products.

Investment situation:

As of December 31, 2022, The Industrial Park has attracted 23 projects, including:

• 19 FDI projects with a total registered capital of over 540 million USD, implementing 500 million USD.
• 4 domestic projects with a total registered capital of 338.6 billion VND, implementing about 270 billion VND.

Investment incentives:

– Land:

• Land lease period: 50 years.
• Enterprises build their factories on land with synchronized infrastructure, and they receive services such as electricity, water, postal, and telecommunications at their premises.

– Taxes:

• Corporate income tax rate: 10% for 15 years; exempt for the first 4 years from taxable income and reduced by 50% for the following 9 years.
• Import tax: Exempt import tax for goods used as fixed assets; exempt import tax for the first 5 years for raw materials, supplies, and components of domestically unproduced goods imported for production.

– Other support:

• In addition to the above incentives, Investors are allowed to lease land and supported with land for constructing workers’ housing.
• Supported with vocational training according to the scale of investment approved by the Da Nang Provincial People’s Committee and the Management Board of Chu Lai Open Economic Zone.