Tam Phuoc Industrial Park

Furthermore, touted as a project receiving substantial interest from both local and international investors, the Tam Phuoc Industrial Park (IP) has been making waves in the market. Operating at full capacity, Tam Phuoc IP has demonstrated its appeal and pivotal role in fostering the province’s industrial development. So, what are the outstanding strengths of Tam Phuoc IP – Dong Nai? Let’s explore these strengths with TTTFIC through the article below!

I. Overview

Tam Phuoc Industrial Park is one of the industrial park projects in Dong Nai, a province situated in the dynamic southern key economic region. Moreover, since its establishment, the industrial park has managed to draw in a significant number of both domestic and foreign investors, cementing its position as a promising venture. On par with other industrial parks in Dong Nai, Tam Phuoc IP boasts numerous advantages, including its strategic location, well-established infrastructure, and abundant labor force. Notably, the park offers competitive land rental prices and favorable investment policies, providing investors with ample opportunities to expand their production and business activities.

Tam Phuoc Industrial Park attracts many domestic and foreign businesses with diverse industries and fields of operation

Industrial park information

On October 6, 2003 (Decision No. 3576/QD.CT.UBT), the Chairman of the Dong Nai Provincial People’s Committee issued a decision to establish Tam Phuoc IP. The project is located in the master plan of industrial parks in Dong Nai province, along with An Phuoc Industrial Park and Doc 47 Industrial Park to form a large-scale industrial park cluster along Highway 51 – closely connecting the Tam Phuoc residential area.

The birth of Tam Phuoc IP has created jobs for the province’s labor force, contributing to increasing the economic growth rate of Dong Nai.

Investment situation

Tam Phuoc IP has attracted 56 land tenants, achieving a 100% occupancy rate in the industrial land area. The project has a total investment of $300 million.

Scale

Tam Phuoc IP has a total area of 325,01 hectares. Specifically, land use details are divided as follows:

• Industrial factory land: 232,31 hectares – 71,48%
• Warehouse and port land: 4 hectares – 1,23%
• Construction of land for operations and services: 5,59 hectares – 1,72%
• Green land: 33,55 hectares – 10,32%
• Road land: 44,99 hectares – 13,84%
• Central infrastructure land: 4,57 hectares – 1,41%

Investor

Tam Phuoc IP is a project owned by investor Tin Nghia Company. This is a company established in 1989, with more than 30 years of establishment and development. Tin Nghia is known as a leading company in the field of industrial real estate and urban development. For many years, Tin Nghia Corporation has always been in the Top 200 largest enterprises in Vietnam.

This investor is currently managing 8 industrial parks in Dong Nai Province. Some outstanding industrial park projects of Tin Nghia include An Phuoc Industrial Park, Tan Phu Industrial Park, and Nhon Trach 3 Industrial Park Phase 1.

II. Location

Tam Phuoc Industrial Park is located in Tam Phuoc commune, Bien Hoa City, Dong Nai Province. Location is one of the outstanding advantages of the Tam Phuoc IP project. Specifically, the Industrial Park is located along Highway 51, geographically adjacent to:

• Trang Bom District, Dong Nai Province, existing residential area in the East
• Long Hung Commune, Ho Chi Minh City, Highway 51 in the West
• Long Thanh District (Dong Nai) Tam Phuoc residential area in the south
• Phuoc Tan Ward (Dong Nai), an adjacent residential area in the North

Connectivity potential of the project

The location of Tam Phuoc IP is highly appreciated with excellent connection potential, contributing to promoting the ability to trade goods and regional exchanges. From Tam Phuoc IP, residents and workers can easily connect to:

• Bien Hoa City Center: 18,5 km
• Ho Chi Minh City Center: 34,6 km
• Vung Tau City Center: 77,5 km
• Long Thanh International Airport: 23 km
• Tan Son Nhat International Airport: 37 km
• Cat Lai Port: 38,6 km
• Dong Nai Port: 14 km
• Phu My Port: 39,4 km

In particular, Tam Phuoc Industrial Park is adjacent to many large industrial parks such as Amata Industrial Park, An Phuoc Industrial Park…

Strategic location and convenient connection potential have helped Tam Phuoc IP easily transport goods and raw materials and access the market at a low cost.

III. Infrastructure

Tam Phuoc Industrial Park’s infrastructure is synchronously planned and methodically invested to serve investors and businesses. This is also an outstanding advantage that helps Tam Phuoc IP attract domestic and foreign investors.

Traffic system

Tam Phuoc Industrial Park has an internal traffic system including 10 routes, width from 23 – 72 meters, extending from the industrial park gate to the endpoint. Internal roads are built according to the technical standards of the Ministry of Transport. Main roads are 61 – 72 meters wide, with road boundaries from 20 – 30 meters. Secondary roads have a width of 23 – 32 meters, with a road limit of less than 20 meters.

Thanks to the advantage of its strategic location, Tam Phuoc IP also has foreign transportation infrastructure convenient for trade. Specifically, National Highway 51, Ho Chi Minh City – Long Thanh – Dau Giay Expressway; waterway with port clusters such as Thi Vai port and Vung Tau port; airway with Long Thanh and Tan Son Nhat airports; Railway connecting Ho Chi Minh City with Vung Tau City.

Water supply system

At Tam Phuoc Industrial Park, the water supply system is given great attention with a capacity of up to 300,00 m³/day and night provided by the Thien Tan water plant.

Power system

The electrical system is connected to the national grid and the industrial park’s transformer station. The electrical capacity here is up to 40 – 63MVA.

Wastewater treatment system

Capacity 7.000 m³/day and night, ensuring national technical regulations

Communication systems

The communication system at Tam Phuoc Industrial Park provides various telecommunications services, including ADSL, Fiber, telephone lines, leased line services, and internet data connection. Additionally, these services ensure efficient communication for businesses within the park.

Security system

To ensure the production and business process of enterprises, Tam Phuoc Industrial Park invests heavily in security systems. Security cameras and security checkpoints at the Industrial Park operate strictly 24/7. Along with that, fire and explosion alarm equipment, specialized fire trucks, and fire hydrants are always ready

Amenities around

Within a radius of 5km, residents and workers in Tam Phuoc Industrial Park have easy access to amenities such as:

• System of large banks including Vietinbank, Phuong Nam Bank, BIDV, Agribank, and Sacombank
• Hospitals and polyclinics
• Supermarkets such as Bach Hoa Xanh shopping center, Citi Mall, and Dien May Xanh
• Schools from kindergarten to high school

Regarding the industrial park infrastructure, Tam Phuoc IP takes pride in being fully invested and developed. Its convenient transportation system, diverse facilities, and modern technical infrastructure have contributed to creating the most favorable conditions for investors and businesses to thrive.

IV. Industries attracting investment

The investment fields in Tam Phuoc Industrial Park encompass a diverse range of industries, including:

• Wood processing for export
• Garment production
• Paint mixing
• Agricultural processing
• Mechanical engineering
• Production of construction materials, including ceramic tiles and cement
• Manufacturing, distribution, and assembly of electronics
• Building materials production
• Metal packaging industries
• …

Tam Phuoc Industrial Park is located in Dong Nai province, with an occupancy rate of 100%

V. Investment Incentives

Currently, Tam Phuoc Industrial Park has achieved a 100% occupancy rate. Over 20 large and small companies are actively engaged in various fields and industries. To support this, the Industrial Park Management Board, along with the Dong Nai Provincial People’s Committee and the Bien Hoa City government, have implemented several attractive investment incentive policies for investors and businesses.

Tax policy:

• 100% corporate income tax exemption for the first 2 years
• 50% corporate income tax exemption for the subsequent 4 years

Assistance and free-of-charge support for businesses in the process of applying for investment licenses, receiving investments, and registering businesses. Support for investors to participate in provincial and national trade promotion programs.

Notably, preferential rental prices in Tam Phuoc Industrial Park have assisted businesses in reducing investment costs, operating expenses, and shortening payback time, thereby allowing for a net profit after tax.

These incentives have enabled investors in industrial parks to gain advantages in production and business, fostering sustainable development.

VI. Investment costs

Tam Phuoc Industrial Park possesses a methodical and modern investment infrastructure system, along with attractive rental prices. Furthermore, it offers competitive investment costs. Therefore, for reference before selecting Tam Phuoc Industrial Park, businesses can consult the cost table below.

VII. Labor resources and labor costs

Dong Nai is a province situated in the southern key economic region, alongside Ho Chi Minh City, Binh Duong, Vung Tau, and others. The province hosts several large-scale industrial parks. Since 1980, the number of workers in Dong Nai has quadrupled. Additionally, the province offers an abundant labor pool, and the industrial parks here draw in over 20,000 workers from neighboring regions. The allure lies in the attractive labor hiring costs and the numerous welfare support policies provided by the Industrial Park Management Board and the Provincial People’s Committee.

Tam Phuoc Industrial Park, as a key industrial park, has attracted 1/10 of the total workforce in the province. Its prime location ensures that workers benefit from a well-developed utility system to support their livelihoods. Consequently, businesses in Tam Phuoc Industrial Park consistently have ample human resources available to facilitate the production process, thereby ensuring a smooth workflow.

VIII. summary

With more than 20 years of establishment and development, Tam Phuoc Industrial Park has garnered significant success, thereby solidifying its position in the industry. Domestic and foreign businesses have shown keen interest in choosing this location for expanding their production operations. The robust growth of the Industrial Park has bolstered the proportion of the province’s industrial output, which has been growing at an average rate of 8% per year.

Furthermore, the potential for real estate prices to appreciate in this area has a positive impact on the economy, thereby fostering significant growth and development. Tam Phuoc Industrial Park is an industrial park project that fully meets the ideal conditions for fostering strong growth in all sectors. Investors who opt to rent land and factories in Tam Phuoc Industrial Park can expect support and a seamless expansion process for their business models.

Through this article shared by TTTFIC, it is hoped that investors will gain a comprehensive overview of Tam Phuoc Industrial Park and will seize the opportunity to expand their production and business activities, enhancing their competitive edge.