Phu An Thanh Industrial Park (Phu An Thanh IP) is a significant industrial complex, renowned for its economic prowess, drawing numerous businesses to invest in Long An province. Serving as the premier hub, it exerts a compelling appeal, enabling businesses to attain success and sustainability. Delve into the comprehensive details provided in the following article!
I. Overview of Phu An Thanh Industrial Park Project
Established in 2007, Phu An Thanh IP in Ben Luc, Long An is under the ownership of Phu An Thanh Joint Stock Company. This corporation, also known as PAT JSC, operates across various industries, primarily focusing on real estate development. PAT JSC, founded in 2006 with business license number 0304769100 issued by the Department of Planning and Investment of Ho Chi Minh City on December 6, 2006, manages not only Phu An Thanh IP but also engages in other projects, including:
Long Huu Long An Deep Sea Port Industrial Park and Resettlement Area
Phu Long Long An Resettlement Area, comprising an Industrial Park and Residential Area
Dong Phuong Hong Residential Area in District 9, Ho Chi Minh City
Currently, PAT JSC aspires to become a leading multi-purpose corporation, emphasizing scale and professionalism in real estate project development.
The scale of the Industrial Park
Phu An Thanh IP encompasses a total planned area of 1002 hectares, divided into two phases:
Phase 1:
Industrial Park: 307 hectares
Expansion Area: 85 hectares
Investment Capital: 1.200 billion VND
Breakdown of Land Use:
Industrial Land: 215,3 hectares
Service Operation Center Land: 3,43 hectares
Technical Land, Key Works: 3,55 hectares
Green Land: 40,99 hectares
Traffic Land: 32,29 hectares
Specialist Housing: 11,65 hectares
Phase 2:
Industrial Park: 300 hectares
Residential Area: 310 hectares
Characteristics of Industrial Parks
Phu An Thanh IP stands out in Long An, designed to attract industries such as garments, plating, animal feed processing, equipment and spare parts manufacturing, and food and beverage.
Overview of Phu An Thanh Industrial Park Project
II. Geographical Location of the Industrial Park
Phu An Thanh IP, situated in Ben Luc District, Long An, is strategically located on Provincial Road 830, An Thanh Commune. This locale holds immense potential for the development of e-commerce and warehouse logistics, serving as a vital traffic artery connecting the industrial park with neighboring regions.
The north of the industrial park borders the Rach Vong Canal.
The south is adjacent to the Nuoc Muc Canal.
To the east lies the Go Dung Canal.
The west is bordered by Provincial Road 830.
Connection Advantages of Phu An Thanh Industrial Park
This industrial park enjoys a strategic location facilitating seamless connectivity with central areas and transportation infrastructure, easing the transit of imported and exported goods:
III. Infrastructure of Phu An Thanh Industrial Park
In recent times, Phu An Thanh IP has witnessed significant infrastructure development, with ongoing construction and completion. The key aspects include:
Traffic System:
Provincial Route 830 acts as a pivotal link between the Mekong Delta region and Ho Chi Minh City.
Waterway: A 500m-long wharf facilitates waterway transport, located near Vam Co Dong River in the southern key economic region.
Internal Road Traffic: The park boasts a meticulously planned traffic system, featuring main roads with a width of 84m, double road surfaces measuring 12×2 wide, and 10×2 wide sidewalks on both sides. This design includes 4 lanes, while branch road surfaces are 9,5m wide. The surrounding open ditch system aids in maintaining a clear, flood-free environment.
Electricity Distribution System:
Supplied from the national grid via the 110/22kV internal transformer station with a capacity of 90 MVA.
Water Supply System:
Invested in a clean water system utilizing advanced ultrafiltration technology, designed to meet standards across two construction phases:
Phase 1: Water supply capacity of 9.000 m3/day and night.
Phase 2: Designed capacity reaching 48.000 m3/day and night.
Waste Water Treatment System:
Features a centralized wastewater treatment plant with two treatment stations:
Phase 1: Wastewater treatment capacity of 3.300 m3/day and night.
Phase 2: Wastewater treatment capacity of 9.600 m3/day and night.
Green Tree System:
Approximately 40,99 hectares are dedicated to green areas, including a green flower garden system to isolate factories within the project and isolate traffic. This accounts for a minimum of 20% of the total area compared to each factory.
Communication Systems:
Synchronous investment in a modern postal and telecommunications network, equipped with MDF, telephone systems, and high-speed internet connections.
IV. Industries Attracting Investment in Phu An Thanh Industrial Park – Long An
Below is a summary of industries that attract investment in the industrial park:
Service product and consumer goods manufacturing industry.
Food and agricultural product preservation industry.
Marine engine production for transport ships and fishing boats.
Household wood processing industry serving domestic consumption and export.
Silk fibers, garments, textiles, packaging, shoes, and printed products in the fabric, paper, packaging, and wood production industry.
Teaching aids, school supplies, children’s toys, sports equipment, and household appliances manufacturing industry.
Materials, heat insulation materials, soundproof materials, electrical insulation materials, composite materials, heat-resistant materials, construction plastics, and fiberglass production industry.
Ceramic products, glass, plywood, and paints manufacturing industry.
Various types of waste treatment equipment manufacturing industry.
Agriculture, forestry, seafood production, and processing industry.
Manufacturing and processing food for poultry, livestock, and veterinary medicinal products industry.
Medical and laboratory instruments and equipment manufacturing industry.
Plastic, paper, and wood packaging manufacturing industry.
Raw materials and cosmetics manufacturing industry.
Prefabricated house components, roofing sheets, tiles, and shaped steel of all kinds of manufacturing industries.
Phu An Thanh Industrial Park – Long An Province – TTTFIC Group
V. Investment Incentives of Phu An Thanh Industrial Park
Investors venturing into Phu An Thanh IP can take advantage of several attractive incentives, including:
Corporate Income Tax Exemption:
Businesses stand to benefit from a 100% exemption on corporate income tax for the initial 2 years.
Following this initial period, a 50% reduction in corporate income tax is applicable for the subsequent 4 years.
Support for Investment Procedures:
The industrial park’s investor actively supports and streamlines the implementation of investment licensing procedures for land lease projects within the industrial park.
VI. Investment costs of the Phu An Thanh industrial park project
Below is a summary of all investment costs at Phu An Thanh IP:
Electricity supply price
Applicable according to EVN’s electricity supply tariff plus 9 USD/KVA surcharge for industrial parks.
Price of clean water
11.100 VND/m3
Management fee
0,67 USD/m2/year. Payment on request monthly.
Land rents
One-time payment: 185 USD/m2 or annual payment.
Cost of wastewater treatment
10.200 VND – 16.700 VND/m3 depending on the quality of input wastewater.
Note: The above costs do not include VAT, which is paid flexibly on a monthly basis (except for land rental fees).
VII. Labor Resources and Labor Costs
Phu An Thanh IP stands as a pivotal economic hub, hosting various occupations that heavily utilize labor resources and significantly contribute to the province’s GDP. The upward trajectory of population growth in Long An province enhances the industrial park’s appeal, drawing in a pool of quality labor to meet the demands of production and business.
Benefiting from its favorable geographical location, the industrial park facilitates the recruitment of human resources from key areas. Typically, the workforce undergoes training before commencement of duties within the Industrial Park, ensuring optimal efficiency and quality for businesses.
VIII. Economic Value in Phu An Thanh Industrial Park
Lotte Eco Logis Co., Ltd. is investing in a project encompassing warehousing, goods storage, and warehouse rental services spanning 79.142 m2 in Phu An Thanh. This Korean-backed project is slated for completion and operation in the fourth quarter of 2023, with an initial investment of 306 billion VND for phase 1.
With a comprehensive infrastructure system and optimal conditions for production and business activities, Phu An Thanh IP has successfully attracted over 30 domestic and foreign investors. Notably, two major Japanese investors, Vina Eco Board Co., Ltd. of the Sumitomo Group and Fukui Company, have chosen this industrial park as their investment headquarters. This selection underscores the park’s prestige, quality, and overall attractiveness.
Phu An Thanh IP remains committed to continual improvement and upgrading towards clean, green, sustainable, and environmentally friendly development. Concurrently, efforts to attract investors are strengthened, providing convenience not only in procedural matters but throughout the entire process of developing industrial park projects.
IX. Conclusion
The above constitutes the most detailed information about Phu An Thanh IP in Long An province, courtesy of TTTFIC. With sound development policies and strategic investment approaches, Phu An Thanh IP is poised for continued growth, promising abundant business opportunities for both domestic and international enterprises.
The land for lease that belong to Industrial Park has run out of stock. Only the land and warehouse has been re-invested by individual investor that still available
TTTFIC Group: Guide to Industrial Real Estate in Vietnam
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