Thinh Phat Industrial Park - Long An

Thinh Phat Industrial Park, situated in the southern region of Long An province, stands as a significant and expansive industrial hub. Established in 2005, the project is backed by investment from Thinh Phat Electric Cable Real Estate Joint Stock Company. Over the years, the industrial park has experienced robust growth, attracting numerous businesses to invest in its facilities.

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I. Overview of Thinh Phat Industrial Park

Thinh Phat Industrial Park, established in 2005, is primarily backed by Thinh Phat Electric Cable Real Estate Joint Stock Company. Situated at Provincial Road 30, Hamlet 3, Luong Binh Commune, Ben Luc District, Long An Province, the industrial park underwent expansion in two phases. Initially covering about 74 hectares with a centralized wastewater treatment system, the investor sought approval for an additional 112,8 hectares in the second phase. As of now, the total area of the Industrial Park stands at 186,8 hectares, with a current rental price of 140 USD. The lease term extends for 50 years, concluding on November 28, 2055.

Presently, the Industrial Park boasts a well-consolidated technical infrastructure, a comprehensive factory system, and external facilities. The industrial park’s coverage rate is 80%, hosting over 30 domestic and foreign enterprises. Positioned among the standout industrial parks in Long An province, Thinh Phat Industrial Park serves as a significant source of employment for thousands of workers from both within and outside the province. With its vibrant trading activities and a densely populated industrial landscape, the park is regarded as prime land for profitable investment. Consequently, the Industrial Park makes a substantial contribution to the growth and socio-economic development of Long An province.

Using Land Structure

The industrial park is efficiently divided into areas with a well-organized land-use structure. In the first phase of Thinh Phat Industrial Park, the land use is distributed as follows:

• Factory construction land: 475.779,57 m².
• Land for the construction of technical works: 10.950,39 m².
• Land for construction of warehouses and ports: 28.154,72 m².
• Central area land: 15.360,44 m².

List of Companies Operating in Thinh Phat Industrial Park

Thinh Phat Industrial Park boasts an 80% occupancy rate, currently hosting over 30 businesses. Some notable companies include:

• Green Green Enterprise Limited (Vietnam)
• Kien Hoa Construction Materials Company Limited
• AQUACULTURE NETS Trading and Manufacturing Enterprise Limited
• CHA Plastic Joint Stock Company
• KYODO SOJITZ Animal Feed Enterprise Ltd.
• Vinh Loi Phat Long An One Member LLC
• Toan Huy Tien Trading and Services Company Limited
• Southern Regional Lubricants & Chemicals Joint Stock Company
• H&K Production – Trade – Service Enterprise Limited
• Phuoc Hung TN One Member LLC
• Ky Nguyen TN Brick Joint Stock Company

II. Geographical Location of Thinh Phat Industrial Park

Thinh Phat Industrial Park enjoys a strategic geographical location conducive to trade and economic development. Situated near Provincial Road 830, Hamlet 3, Luong Binh Commune, Ben Luc District, Long An Province, the Industrial Park shares borders on four sides:

• East: Provincial Road 830, 15 km from National Highway 1A.
• West: Vam Co Dong River.
• South: Cat Canal.
• North: Ong Doi Canal.

Additionally, the industrial park is in proximity to important transportation routes such as Provincial Road 830, National Highway 1A, and Vam Co Dong River, facilitating both road and waterway transportation. The park is approximately 30 km from Tan Son Nhat Airport, providing convenient access to air travel.

Connection distances to key transportation centers include:

• 21km from National Highway 1.
• 49km from Saigon Station.
• 40km from Ho Chi Minh City Center.
• 23km from Bourbon Ben Luc Port.
• 53km from Long An International Port.
• 26km from Happyland Tourist Area.

The proximity to Tan Duc Industrial Park and Tan Buu Industrial Park further enhances the convenience of material and goods circulation.

III. Thinh Phat Industrial Park Infrastructure

Traffic System

The transportation system within the industrial park is well-established, featuring paved roads with two lanes for traffic.

External transportation systems include 6-8 lane roads near Provincial Road 830 and the planned Belt Road 4. Waterway traffic connects to the Vam Co Dong River, allowing the circulation of 1.500 ton barges.

Power Supply Network

The Industrial Park is supplied with electricity from the 22kv medium voltage power system, connected to the national power grid from the 110kv transformer station in Ben Luc and Duc Hoa. Electricity is distributed to the fences of factories and enterprises within the Industrial Park.

Water Supply System

A water source system caters to both production and daily life, provided by the industrial park’s water plant. The water sources ensure consistent quality and quantity for businesses.

Wastewater Treatment System

Wastewater from each factory and enterprise undergoes treatment to meet prescribed standards before being discharged into the industrial park’s sewer system. Further cleaning occurs at a wastewater treatment station with a capacity of 1.600 m³/day. The treated wastewater is then released into the Vam Co Dong canal and river.

Postal and Telecommunications Services

The industrial park’s postal and telecommunications network adheres to modern, international standards. It includes MDF, a telephone system, and high-speed internet connections installed by the post and telecommunications industry, capable of meeting all investor requirements.

Public Amenities

• The rainwater drainage system is separate from the wastewater system.
• A green tree system is distributed throughout the area, contributing to environmental treatment and preventing pollution.
• Fire hydrants are strategically placed along roads to prevent accidents due to fire.

IV. Industries Attracting Investment in Thinh Phat Industrial Park

Thinh Phat Industrial Park, endowed with a strategic geographical location and a comprehensive infrastructure system, has become a focal point for various investors seeking economic development opportunities. Presently, the industrial park is drawing attention and investments from the following industries:

Processing Industry

• Food processing industry.
• Beverage and confectionery production industry.
• Agricultural and seafood processing industry.
• Animal feed processing industry.

Light Industry

• Welding rod manufacturing industry, precision mechanics, machine manufacturing, mechanical processing, machinery and equipment repair, spare parts, and assembly tools.
• Electronics industry, machinery manufacturing, industrial and household electricity.
• Assembling motorbike spare parts.
• Production of fitness and sports equipment, office equipment, and interior decoration.
• Production of teaching aids and household appliances.
• Production of silk fibers, weaving – dyeing, garments, shoes, toys, jewelry, ceramics.
• Paper production, packaging, prepress, design, printing, floral printing on fabric.
• Small-scale metal casting.
• Manufacture of glass products.

High-Tech Industry

• Electronic industry, information media, telecommunications media.
• Pharmaceutical industry, medical equipment.
• Chemical industry.
• Production of chemical raw materials, pharmaceutical raw materials, cosmetic raw materials.
• Producing cleaning products, cosmetics, producing plastic, PP bags from plastic beads.
• Production of paints used in construction and interior decoration.
• Processing lubricant cans.

Construction Materials Industry

• Production of composite materials.
• Production of soundproofing, electrical and thermal insulation materials.
• Production of mixed materials to replace wood.
• Production of refractory materials.
• Production of construction plastics.
• Production of building materials from fiberglass.
• Concrete mixing plant, producing ultra-light block bricks.

Central Area Service Industries

• Office for rent: post office, telecommunications, bank, medical station.
• Shopping centers, restaurants.
• Services providing industrial food and canteens.
• Sports – cultural center, gas station, port services.

V. Investment costs in Thinh Phat industrial park

VI. Investment Incentives in Thinh Phat Industrial Park

The Thinh Phat Industrial Park has garnered significant investments from businesses, largely due to its attractive incentive policies aimed at promoting open investment. The following are the key preferential investment policies offered within the industrial park:

Corporate Income Tax Exemption:

• 100% exemption from corporate income tax for the initial 2 years.
• A 50% discount on corporate income tax for the subsequent 4 years.

Import Tax Exemption:

• Full exemption from import tax.
• Additional incentives for imported raw materials.

Government Decree Preferential Policies:

• Investors can benefit from preferential policies as outlined by government decree.

VII. Human Resources and Labor Costs

Long An province boasts an abundant labor force, predominantly consisting of young and stable workers. The workforce possesses a high level of education, proficiency in operating modern machinery, and knowledge in science and technology. Additionally, the province offers favorable living policies, attracting human resources from neighboring areas.

As a result, investors have the flexibility to choose from a pool of young and highly skilled workers. The labor rental prices at Thinh Phat Industrial Park are highly competitive and businesses consider them affordable compared to the overall market rates.

This article has provided detailed information about Thinh Phat Industrial Park, highlighting its significant economic development potential. Businesses and investors can expect promising opportunities by investing in this industrial park. This information aims to assist in making well-informed decisions when selecting an investment environment