NORTH-EAST SONG CAU 2 INDUSTRIAL PARK

Overview of North-East Song Cau 2 Industrial Park:

The implementation of the North-East Song Cau 2 Industrial Park, closely integrated with the socio-economic development of the Northeast region of Song Cau Town, commenced in February 2002.

Nestled within the boundaries of Xuan Hai Commune, Song Cau Town, and gracing the picturesque Phu Yen Province, stands the esteemed North-East Song Cau 2 Industrial Park.

Managed by the Management Board of Industrial Parks of Phu Yen Province, it encompasses a planned total area of 81.8 hectares. The management board is currently making strong efforts to promote favorable policies to attract investors. The infrastructure of the industrial park is built synchronously and incorporates multiple features, meeting international standards.

Furthermore, the industrial park aims to become the leading industrial zone in Phu Yen Province and attract a large workforce. Therefore, priority is given to the establishment of top-notch facilities and services to ensure the best conditions for both workers and investors.

NORTH-EAST SONG CAU 2 INDUSTRIAL PARK – TTTFIC GROUP

The infrastructure of Dong Bac Song Cau 2 Industrial Park:

Transportation System:

The main road axis is 50 meters wide with 4 lanes, and the internal road axis is 20 meters wide.

Electric System:

The transformer station is 110/35-22-10-6kV.

Communication Information: Complete

The installation of a network system following international standards facilitates seamless domestic and international communication, providing telecommunication services.

The industrial park’s factory supplies the clean water system, ensuring it meets the demands of daily activities and large-scale production.

Currently, the construction of the wastewater treatment plant for the drainage system is pending.

To ensure safety within the industrial park, the fire prevention and fighting system is strategically installed alongside the clean water system.

The industrial park implements a greenery system that prioritizes being green, clean, and beautiful, aiming to minimize its impact on the environment.

NORTH-EAST SONG CAU 2 INDUSTRIAL PARK – TTTFIC GROUP

Attracting Investment in Industrial Park: 

Promoted Investment Sectors in the Province:

The province encourages investment in the following sectors:

• Coconut-based products.
• Agricultural, Forestry, and Aquatic products for export.
• Food processing and beverage production.
• High-quality construction materials.
• Footwear, leather, garments, handicrafts.
• Plastics, chemicals.
• Wood, paper.
• Mechanical engineering, electronics.

Investment Incentives:

Located in an economically disadvantaged region, this industrial park benefits from incentives categorized under Category C by the Government of Vietnam.

Additional incentives provided by Phu Yen province include:

• Land rental exemption for 12 to 15 years.
• Free infrastructure usage for 5 years.
• Corporate income tax exemption for the first 4 years and a 50% reduction for the following 7 to 9 years.
• Support for labor training costs, expenses related to implementing quality standards for products and production, and costs for preparing environmental impact assessments.

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