Thanh Thanh Cong Industrial Park - Tay Ninh Province

Thanh Thanh Cong Industrial Park (Thanh Thanh Cong IP), formerly known as Bourbon An Hoa Industrial Park, is a large-scale industrial project situated in Tay Ninh province. Located in An Hoa commune, Trang Bang district, the industrial park has undergone comprehensive planning, establishing itself as a model industrial facility in the province. With a strategic location in the southern key economic region and the Mekong Delta, Thanh Thanh Cong Industrial Park provides convenience in trade and connectivity for private investors and businesses.

I. Overview of Thanh Thanh Cong Industrial Park

Tay Ninh holds a strategic position in the trade of goods between the southern key economic regions and provinces in the Mekong Delta region. The province features a 28 km-long Trans-Asia road connecting Ho Chi Minh City with Cambodia through the Moc Bai border gate. Capitalizing on these strengths, Tay Ninh has swiftly developed numerous large-scale industrial park projects to meet investment needs and boost its economy.

One notable industrial park in Tay Ninh is Thanh Thanh Cong IP, established on September 10, 2009, in An Hoa commune, Trang Bang district. The predecessor of this industrial park was named Bourbon An Hoa Industrial Park.

1. Investor of the Industrial Park Project

The project is backed by Thanh Thanh Cong IP Joint Stock Company (TTC IZ), a member of the TTC Group—an influential multi-industry economic group in Vietnam, excelling in agriculture, real estate, industrial real estate, etc. TTC IZ focuses on investing, constructing, and managing infrastructure for industrial parks, including services such as warehouse rental.

2. Scale of Thanh Thanh Cong Industrial Park Project

The Thanh Thanh Cong IP project has an approved land use scale of 1020 hectares, comprising:

• 760 hectares of industrial land (75% of the total area)
• 184 hectares of port land
• 76 hectares of residential land

3. Investment Situation in Thanh Thanh Cong Industrial Park

Benefiting from various advantages, potential, preferential policies, and supportive measures from the provincial government, Thanh Thanh Cong IP has achieved significant success in attracting both domestic and foreign investments.

As of March 2021, the industrial park has attracted 82 registered investment projects, including 69 FDI projects and 13 domestic projects. The current occupancy rate stands at 70%, with expectations to reach 100% as the investment land fund is fully utilized.

The Industrial Park Management Board, along with investors and the Tay Ninh provincial government, is proactively expanding planning to meet the development needs of the area, prepared to welcome the next wave of investments post-COVID-19.

Thanh Thanh Cong Industrial Park is a key industrial park project in Tay Ninh province

II. Location of Thanh Thanh Cong Industrial Park

Thanh Thanh Cong IP enjoys a strategic location in An Hoa commune, Trang Bang district, Tay Ninh province. Tay Ninh is one of the eight provinces and cities in the southern key economic region, sharing a border with Ho Chi Minh City—the largest economic center in the country. Furthermore, the industrial park is situated along the Vam Co Dong River, providing convenient waterway transportation. Notably, Tay Ninh serves as a crucial international gateway to Cambodia, Thailand, and other countries due to the presence of the Trans-Asia Expressway.

The geographical proximity of Thanh Thanh Cong IP includes:

• East: Borders DT787 road
• West: Borders Vam Co Dong River
• South: Borders Ba Mang canal, Long An province
• North: Borders Trang Bang canal

Benefiting from this strategic location, Thanh Thanh Cong IP takes advantage of a well-developed road and waterway network, facilitating the smooth circulation of goods and connections with neighboring provinces and cities.

Specifically, the excellent connectivity from Thanh Thanh Cong IP encompasses:

• 40 km from Tay Ninh City
• 50 km from Ho Chi Minh City
• 25 km from the Moc Bai International Border gate
• 95 km from Xa Mat international border gate
• 50 km from Saigon port
• 67 km from Cat Lai port
• 10,5 km from Thanh Phuoc port
• 45 km from Tan Son Nhat International Airport
• 114 km from Long Thanh International Airport
• 151 km from Vung Tau airport
• 52,4 km from Saigon station
• 65,1 km from Bien Hoa station

III. Infrastructure of Thanh Thanh Cong Industrial Park

The strategic geographical location is not the sole advantage of Thanh Thanh Cong IP. To attract investors and businesses, it must rely on various factors. The technical infrastructure and services of the industrial park are crucial elements directly impacting the convenience for investors operating in the park.

Master map plan of Thanh Thanh Cong Industrial Park

Thanh Thanh Cong IP receives high praise for its comprehensive infrastructure system, prepared to serve and fulfill the needs of businesses and investors. Specifically:

1. Traffic System

• Main road: 15 m wide, 2 lanes
• Internal roads: 8 m wide, 2 lanes
• Spaciously paved roads with sidewalks adorned with trees, create a beautiful landscape and provide fresh air.

2. Power System

• The electrical system includes a Trang Bang power station (110/22kV), with an additional internal power station (110/22kV) expected in the near future, designed with a capacity of 2×63 MVA.

3. Clean Water System

• Current capacity: Up to 20.000 m³/day and night, catering to the production needs of factories and businesses.

4. Waste Water Treatment System

• Multi-industry area: Capacity of 4.000 m³/day and night
• Polluted areas: Capacity up to 12.000 m³/day and night
• TTC IZ is the unit responsible for receiving treated wastewater from customers and commits to meeting standard B according to QCVN: 40/2011.

5. Fire System

• The Project Management Board and Investor of Thanh Thanh Cong IP prioritize the fire-fighting system to ensure absolute safety. Fire hydrants are installed along internal roads, complemented by a system of fire trucks and firefighting equipment ready to handle urgent situations.

6. Communication Services

• Provided by major carriers such as VNPT, Viettel, and FPT, ensuring communication and information exchange for businesses.

7. Social Amenities

• Thanh Thanh Cong IP also emphasizes investment in social housing, planned on a land area of 6,5 hectares, encompassing high-rise and low-rise apartments. Additionally, there are large-scale primary and secondary schools meeting the essential needs of workers and residents in the area.

IV. Industries Attracting Investment in Thanh Thanh Cong Industrial Park

With its strategic location and well-established infrastructure, Thanh Thanh Cong IP has successfully attracted a diverse range of businesses and investors across various industries. Among the sectors that witness significant investment in this industrial park are:

• Packaging production, design, printing.
• Production of industrial paper, pharmaceuticals, medical equipment, metal tools, and household appliances.
• Production of motorcycles, cars, parts, and accessories.
• Manufacturing sporting goods, stationery, and children’s toys.
• Manufacture of computers, electronics, household appliances, and information technology.
• Automobile industry and transportation means.
• Processing cereals, food, cakes, beer, and wine.
• Processing animal feed.
• Manufacture of rubber products.
• Precision mechanics and machine manufacturing.
• Production of wood products, construction materials, and interior decoration.
• Textile industry.
• Biotechnology, seed production, and animal husbandry.

V. Investment Incentives of Thanh Thanh Cong Industrial Park

Investors and businesses operating within Thanh Thanh Cong IP can benefit from attractive preferential policies. These include:

1. Corporate Income Tax Incentives

• Preferential tax rate of 17% for 10 years when the business has taxable income.
• The first 2 years: Tax rate is 0%.
• The next 4 years: Tax rate is 8,5%.
• The remaining 4 years: Tax rate is 17% (applies to normal occupations).
• Tax rate of 10% for 15 years from the time the business has taxable income.
• The first 4 years: Tax rate is 0%.
• The next 9 years: Tax rate is 5%.
• The last 2 years: Tax rate is 10% (applicable to industries in the high-tech field).

2. VAT Incentives

• Export processing enterprises are exempt from paying VAT.

3. Other Offers

• In addition to tax incentives, businesses receive free legal consultation support and labor recruitment assistance.
• The Management Board, project investors, and local authorities are always ready to accompany businesses throughout the investment process, resolving difficulties and problems encountered.

VI. Investment Costs at Thanh Thanh Cong Industrial Park

Investment costs in industrial parks in Tay Ninh are relatively lower compared to many other provinces. This cost is comparable to some other industrial parks in Tay Ninh, such as Linh Trung III Industrial Park (90 USD/m²) and Phuoc Dong Industrial Park (90 USD/m²). Additionally, investors need to consider rental costs for various items to make an informed decision on whether to choose Thanh Thanh Cong IP or explore other options.

VII. Labor Resources and Labor Costs

The Project Management Board and local authorities at Thanh Thanh Cong IP prioritize supporting labor recruitment and investing in skilled labor resources. This proactive approach aims to assist businesses within the park in overcoming human resource challenges.

Given its strategic location and easy trade connections with Ho Chi Minh City, the southern key economic regions, and the Mekong Delta provinces, Thanh Thanh Cong IP effortlessly attracts a substantial workforce from various regions. Consequently, businesses operating in the industrial park can rely on a steady supply of labor for their production and business needs.

VIII. Summary

Thanh Thanh Cong IP has successfully attracted major corporations from around the world, including countries like Korea and Hong Kong. As of now, it stands as an exemplary investment destination, addressing employment concerns for over 20.000 workers in the province and neighboring areas.

With an investment strategy centered on environmentally friendly industries aligned with sustainable trends, Thanh Thanh Cong IP consistently appeals to both domestic and foreign investors. This recognition solidifies its status as a model industrial park in Tay Ninh, playing a pivotal role in elevating the local industrial economy to new heights.

Investors and businesses are encouraged to refer to the information shared by TTTFIC about Thanh Thanh Cong IP to make informed investment decisions, facilitating the prompt stabilization of production and business activities.