An Nghiep Industrial Park - Soc Trang, TTTFIC GROUP

Information
Operating time: 2006 - 2056	Total Area: 243 Ha
Infrastructure investors: Soc Trang Industrial Park Infrastructure Development Company.	Price: 75 USD/m²
Building density: 60 (%)	Occupancy: 98
Address: An Hiep commune, Chau Thanh district, Soc Trang province, Vietnam

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Overview of An Nghiep Industrial Zone – Soc Trang

Even though our country has only recently embarked on a strong push for industrial and economic development over the past decade, Soc Trang is one of the few provinces in Industrial Zone 6 that has seen rapid growth in the number of industrial projects. Among them, the An Nghiep Industrial Zone stands out as the first and fastest-growing industrial zone in the province of Soc Trang.

Follow this article to learn more about the An Nghiep Industrial Zone with TTTFIC Group!

I. General Information about An Nghiep Industrial Zone – Soc Trang

The An Nghiep Industrial Zone in Soc Trang began its operations in 2006. It was the first industrial zone established in the province of Soc Trang and is one of the five key industrial zones in the province today. This industrial zone was invested and constructed by the Soc Trang Industrial Zone Infrastructure Development Company, covering a planned area of 243 hectares with an operational period of 50 years (2006 – 2056).

By the end of 2020, the total production value of the entire industrial zone (based on the State Bank’s exchange rate) was 12,001.4 billion VND. Foreign Direct Investment (FDI) businesses accounted for 561.1 billion VND, representing a 17.2% increase compared to 2019. The import-export turnover of the entire industrial zone reached 13,596.1 billion VND, a 14.35% increase from 2019. The average annual growth rate of the entire zone, assessed until the end of 2020 (after 14 years of operation), was 10%.

The total number of workers employed in the An Nghiep Industrial Zone by the end of 2020 was approximately 18,000, with an average monthly income of around 6 million VND per person. With the goal of developing into an ecological industrial zone and integrating with the development of services, the first urban area of Soc Trang, the An Nghiep Industrial Zone in Soc Trang, is an attractive destination for domestic and foreign investors.

Scale of An Nghiep Industrial Zone

The project covers a total planned area of 243 hectares.

The area allocated for companies and factories by 2020 was 162.99 hectares, accounting for 60% of the total project area.
The remaining area was used for public facilities, green spaces, technical infrastructure, roads, supporting warehouses, etc.

Current Investment Status

As of 2020, the An Nghiep Industrial Zone has attracted approximately 65 projects with a total registered capital of 5,807.25 billion VND. Among these:

FDI capital amounted to 1,684.81 billion VND, accounting for over 28%.
The implemented investment capital reached 3,974.69 billion VND (including FDI capital of 954.49 billion VND), accounting for 68.44% of the total registered investment capital.

Currently, the occupancy rate of the An Nghiep Industrial Zone is around 98%, with nearly 5 hectares of land remaining for companies and businesses to apply for land leases to construct production facilities and conduct business activities. The demand for industrial land within the An Nghiep Industrial Zone has shown no signs of cooling down.

With its rapid occupancy rate, the An Nghiep Industrial Zone has delivered economic benefits beyond expectations for Chau Thanh District and Soc Trang Province as a whole. Its development has contributed significantly to the restructuring of the local economy and the improvement of the overall quality of life for the province’s residents.

II. Geographic Location of An Nghiep Industrial Zone – Soc Trang

The An Nghiep Industrial Zone is located in An Hiep Commune, Chau Thanh District, Soc Trang Province. It sits at the intersection of two main provincial highways in Soc Trang: National Highway 1A and National Highway 60, connecting with the Nam Song Hau Road and the deep-water port of Dai Ngai. This strategic location provides the An Nghiep Industrial Zone with excellent connectivity to industrial areas and amenities across the region.

To the west: National Highway 1A
To the south: National Highway 60
To the north: Canal 25
To the east: Canal 30/4

Connectivity

The An Nghiep Industrial Zone in Soc Trang enjoys favorable connectivity in terms of transportation within the province and with other areas in the Mekong Delta region:

Distance to downtown Soc Trang City: 4 km
Distance to Dai Ngai Port: 20 km
Distance to Can Tho Port: 58 km
Distance to Can Tho Airport: 65 km

Furthermore, the An Nghiep Industrial Zone benefits from natural conditions that facilitate the construction of infrastructure, production activities, and transportation of goods. Specifically:

Natural Strengths in Terms of Terrain and Soil

The terrain is low, relatively flat, with an absolute ground elevation ranging from 0.4 to 1.5 meters and a slope variation of about 45 cm/km.
The soil quality is high.

Climate Conditions

The climate is tropical monsoon with a dry season from November to April and a rainy season from May to October.
The average annual temperature is around 26.8°C, with minimal impact from storms and floods.
The average annual rainfall is 1,864 mm, concentrated mainly in August, September, and October.
The average humidity level is 83%.

Wellcome gate of An Nghiep Industrial Park - Soc Trang - TTTFIC Group — Wellcome gate of An Nghiep Industrial Park – Soc Trang – **TTTFIC Group**

III. Infrastructure System in An Nghiep Industrial Zone

In addition to its advantageous geographical location, An Nghiep Industrial Zone has attracted investors’ attention due to its comprehensive and modern infrastructure system, designed to meet industrial production needs.

Transportation Network

Roads within the industrial zone are arranged in a grid pattern to ensure order and consistency. They are asphalted, capable of handling heavy loads, with main roads having two lanes and a width of 42.5 meters. Secondary roads are 15 meters and 7.5 meters wide. Streetlights are installed along the roads, facilitating convenient movement and transportation at night.

Water Supply System

An Nghiep Industrial Zone has a scientific and rational water supply system, with a water treatment plant located within the zone. The plant has a capacity of 12,000 m3/day-night, ensuring an adequate supply for industrial operations. The water supply network utilizes pipes ranging from D100 to D400, coupled with pressure boosting systems, connecting to individual plots within the industrial zone.

Electricity Supply System

Electricity is sourced from the national grid through a 110kV/22kV substation within the industrial zone. The initial capacity of the power plant is 63 MVA and is planned to be expanded by an additional 40 MVA in the long term.

Wastewater Treatment

Industrial wastewater in An Nghiep Industrial Zone – Soc Trang is collected and treated at an on-site wastewater treatment plant with a capacity of 4,000 m3/day-night before being discharged into the industrial zone’s drainage system. Solid waste within the industrial zone is collected, aggregated, and transported to designated processing facilities according to regulations.

Stormwater Drainage

The stormwater drainage system is separate from the wastewater system. Rainwater naturally drains through pipes along the industrial zone’s roads to receiving points. Wastewater is channeled through dedicated pipelines to the wastewater treatment plant for processing before being released into the environment.

Communication Infrastructure

A communication network is established at the center of the industrial zone. Underground fiber optic cables are laid within the technical corridors, forming a modern information network capable of meeting all communication service requirements promptly and efficiently.

Fire Protection System

Fire hydrants are strategically placed at 150-meter intervals along the industrial zone’s roads. These hydrants use recycled water from treated production wastewater, ensuring a pressure of 5-7 bar. A 1000m3 reservoir is installed throughout the entire industrial zone. Regular checks, monitoring, maintenance, and necessary equipment additions are conducted to ensure effective fire prevention and control.

Furthermore, to meet the expanding industrial demands, An Nghiep Industrial Zone plans to expand its area by an additional 200-250 hectares from 2021-2025. The project owners continue to invest in and construct infrastructure to accommodate more businesses, attracting significant attention to Soc Trang’s promising industrial landscape.

Additionally, worker housing and social housing projects have been initiated, ensuring stable accommodation for laborers and allowing them to focus on their work with peace of mind.

IV. Investment Attraction Sectors in An Nghiep Industrial Zone

An Nghiep Industrial Zone in Soc Trang primarily attracts investments in the following sectors:

Agricultural and aquatic product processing
Production of consumer goods, textiles, garments, leather goods, and plastic products
Livestock and aquaculture feed production and farming
Mechanical engineering, machinery assembly, electrical products, electronics, electronic components, and telecommunications equipment
Construction materials and other high-tech industrial manufacturing sectors.

Wastewater treatment plant of An Nghiep Industrial Park - Soc Trang - TTTFIC Group — Wastewater treatment plant of An Nghiep Industrial Park – Soc Trang – TTTFIC Group

V. Investment Costs in An Nghiep Industrial Zone – Soc Trang

With a well-invested and comprehensive infrastructure system, the investment costs and rental prices in An Nghiep Industrial Zone are competitive compared to other industrial zones in Soc Trang province. Here are some specific investment costs in this industrial zone:

Type of Cost	Amount to be Paid
Land Rent (with infrastructure)	$75 USD/m2, lease term of 50 years (2008 – 2058)
Electricity Price	According to current regulations
Infrastructure Management and Maintenance Fee	Monthly fee for supporting and maintaining the industrial zone, as specified by the industrial zone management board
Clean Water Price	3,800 VND/m3

Note: The above costs do not include VAT and are subject to change without prior notice.

1. Investment Incentives for Businesses

Currently, the investors of An Nghiep Industrial Zone offer the following incentives for businesses investing here:

2. Corporate Income Tax Incentives:

10% preferential tax rate for 15 years.
Exemption for the first 4 years and a 50% reduction in tax for the next 9 years.

3. Support for Investment Licensing Procedures:

Projects investing in An Nghiep Industrial Zone will receive free support from the Infrastructure Development Company of Soc Trang Province for project investment licensing, business establishment, business registration, and assistance with necessary documents related to the environment, construction, labor, experts, and technicians.

VII. Labor Force and Labor Costs in An Nghiep – Soc Trang

According to the 2020 statistics, the population of Soc Trang province is approximately 1.2 million people, providing An Nghiep Industrial Zone with a plentiful and stable labor force. Additionally, with various support policies for workers, this industrial zone can easily attract labor from neighboring provinces and cities such as Vinh Long, Bac Lieu, and Hau Giang.

Average Worker Salary at An Nghiep Industrial Zone (for reference): $6,000/month.

With its significant potential and strengths in industrial development, An Nghiep Industrial Zone is expected to continue being the focal point for investments in Soc Trang province. It is anticipated to be the economic driving force for the entire province in the period from 2020 to 2025.

The above information about An Nghiep Industrial Zone is provided by TTTFIC Group, aiming to be valuable insights for readers. We hope this information proves helpful to you.