Phuc Long Industrial Park - Tay Ninh

Phuc Long Industrial Park (Phuc Long IP) stands as a prominent industrial park in Ben Luc, Tay Ninh province, drawing considerable attention and interest from investors. The industrial park is currently a focal point for development and investment activities.

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I. Overview of Phuc Long Industrial Park

Phuc Long IP is strategically situated at No. 400, National Highway 1A, Quarter 9, Ben Luc Town, Ben Luc District,Tay Ninh Province.

The industrial park’s prime location allows seamless connectivity to both road and waterway transportation systems, making it an attractive investment destination for numerous investors from Malaysia, Singapore, Taiwan, as well as significant domestic investors.

Investor of Phuc Long Industrial Park

The driving force behind the development of the Industrial Park is Phuc Long – Tay Ninh Investment and Construction Company Limited. Established on February 20, 2009, the company’s headquarters is situated at No. 400, National Highway 1A, Quarter 9, Ben Luc Town, Ben Luc District, Tay Ninh Province. With over a decade of construction efforts, the industrial park boasts an impressive occupancy rate exceeding 80%.

Land Use Structure in Industrial Parks

Phuc Long IP covers a total area of 79 hectares, with a rental price of 80 USD/m² and a construction density of 60%. Operating at full capacity, the industrial park has a lease term of 50 years, spanning from 2009 to 2059.

The detailed land use structure in the Industrial Park is delineated as follows:

• Factory and warehouse land: 55,84 hectares.
• Administrative and service land: 1,76 hectares.
• Technical zone land: 0,9 hectares.
• Traffic land: 11,92 hectares.
• Land for trees: 8,52 hectares.

Products and Services at the Industrial Park

Phuc Long IP offers a diverse range of products and services to businesses:

• Rent Ready-Built Factories and Custom-Built Factories:
  • The industrial park features a complex of 39 factories covering over 14 hectares.
  • Each factory ranges from 540 to 5.000 square meters.
  • Current factory occupancy is at 76%, with anticipated waves of investment from Korea and Japan.
  • Custom-built factories are available to meet specific customer requirements.
• Industrial Land for Rent:
  • Thoughtfully planned and scientifically organized land plots facilitate the import, export, and circulation of goods.
• Office Rental:
  • The industrial park provides office rental services with elegant, luxurious designs and full amenities, catering to the working needs of businesses.
• Commercial Services:
  • Car rental for staff and worker transportation.
  • Rental of large and small meeting rooms.
  • Organization of events.
  • Legal advice services.
  • Provision of construction materials such as color-coated steel, galvanized steel, etc.

II. Location of Phuc Long Industrial Park

Phuc Long IP is situated at No. 400, National Highway 1A, Quarter 9, Ben Luc Town, Ben Luc District, Tay Ninh. The neighboring locations are defined as follows:

• North: National Highway 1A.
• South: Chanh canal.
• East: Rice fields.
• West: Rice fields and Phuc Long resettlement area.

The strategic geographical location, proximity to important traffic hubs, and accessibility to neighboring industrial parks make Phuc Long IP a preferred choice for businesses.

Traffic:

• The industrial park is approximately 3 km from the Ho Chi Minh City – Trung Luong Expressway.
• About 3 km from BourBon port.
• Around 18 km from Hiep Phuoc port.
• 20 km from Saigon port.
• 25 km from Cat Lai port.

Utilities Connecting to Administrative Centers:

• 14 km from Tan An city,Tay Ninh province.
• 20 km from Ho Chi Minh City center.
• Close proximity to Thinh Phat Industrial Park and Viet Phat Industrial Park facilitates material and goods exchange between industrial zones.

III. Phuc Long Industrial Park Infrastructure

In addition to its advantageous location, Phuc Long IP boasts a comprehensive and modern infrastructure system.

Traffic System:

• Adjacent to National Highway 1A, Ring Road 4, City Expressway, and other major roads.
• Proximity to Vam Co Dong river, BourBon seaport (3 km), facilitating import and export activities.

Electricity Distribution System:

• Supplied by Ben Luc power station with a transformer station capacity of 110/220kv, 65MVA.
• Electricity prices follow Decision No. 648/QD-BCT dated March 20, 2019.

Water Supply System:

• Supplied by two plants with a total capacity of 57.200 m³/day and night, meeting QCVN 02:2009/BYT standards.

Wastewater Treatment System:

• Total capacity of 4.300 m³/day and night with automatic monitoring stations ensuring treated wastewater quality.

Rainwater Drainage System:

• Separate from the wastewater system, utilizing specialized sewers (F300-F600) draining to Chanh canal.

Fire Protection System:

• Fire hydrants placed with a distance of 120 – 150 m/pole, complemented by a 500 m³ water tank and a fire truck within 3 km.

Communication Systems:

• Utilizes VNPT’s information system with underground fiber optic cable, providing 1.000 numbers, ADSL, and telecommunications to meet business requirements.

Green Tree System and Environmental Protection

Phuc Long IP allocates 11% of its land fund for tree planting, creating shaded areas along sidewalks and roads. Additionally, community living areas will feature flowers and ornamental plants, enhancing the overall landscape aesthetics.

Daily waste collection services provided by Ben Luc Urban Environment Company ensure the cleanliness of the industrial park. Solid and toxic waste is collected and processed by specialized units at the secondary investor’s factory.

Outside Amenities

Within a 2km radius, Phuc Long IP benefits from various amenities, including:

• 500m from Ben Luc Customs Department.
• Approximately 2km from major banks such as Vietcombank, Sacombank, OCB, ACB…
• Adjacent to Phuc Long Garden, a street specializing in providing houses, apartments, and land.
• Proximity to healthcare facilities: Ben Luc General Hospital, Van An General Clinic…

IV. Industries Attracting Investment in Phuc Long Industrial Park

Phuc Long IP has become a magnet for investment in various industries, including:

• Electronics and Telecommunications Industries.
• Mechanical Engineering and Metallurgy.
• Food and Beverage Processing Projects.
• Pharmaceutical and Cosmetic Projects.
• Stationery Projects.
• Garment Projects.
• Interior Decoration Equipment Production Projects.
• Solid Waste Treatment Projects.
• Weaving and Dyeing Industries.

V. Investment costs in industrial parks

VI. Investment Incentives

Phuc Long IP offers significant corporate income tax incentives, including:

• 100% corporate income tax exemption for the first 2 years.
• A 50% reduction in payable tax for the subsequent 4 years for private income generated from implementing new investment projects.

Enterprises benefit from cost savings on factory investments, given the availability of pre-built factory structures within the industrial park. Additionally, businesses can enjoy reduced freight costs due to the industrial park’s close proximity to seaports and airports.

VII. Labor Resources and Costs

Phuc Long Industrial Park strategically sources its labor force from vocational training centers and employment exchanges, ensuring easy and convenient recruitment of highly qualified workers. The system of job introduction centers includes:

• Tay Ninh Industrial University.
• Tay Ninh Vocational College.
• Tay Ninh Economic and Technical Intermediate School.
• Vietnamese – Japanese Intermediate School Tay Ninh.
• Tay Ninh Job Introduction Center.

As one of the prominent industrial parks in Tay Ninh province, Phuc Long Industrial Park benefits from an abundant and stable labor source. The presence of a young, highly skilled labor force streamlines the recruitment process for businesses, saving time and eliminating the need for extensive training.

Despite its relatively small size, Phuc Long Industrial Park boasts several advantages, including its strategic location, nearby amenities, and well-established infrastructure. Notably, the industrial park extends attractive preferential policies to businesses, contributing to its impressive 80% occupancy rate.

In conclusion, this article provides comprehensive information about Phuc Long Industrial Park in Tay Ninh province. It aims to assist businesses in making informed decisions when choosing to invest in industrial parks.