Tinh Phong Industrial Park - Quang Ngai Province

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Information
Operating time: 1999 - 2049
Total Area: 141.72 Ha
Infrastructure investors: Conseil de gestion du parc industriel de Quang Ngai
Price: 30 USD/m2
Building density: 60%
Occupancy: 100%
Address: Commune de Tinh Phong, district de Son Tinh, province de Quang Ngai

Tinh Phong Industrial Zone is one of the strategically located industrial zones in Quang Ngai. Its convenient location provides easy access to transportation and a diverse range of services to meet the needs of investors. The project contributes significantly to the provincial budget, fostering economic development in Quang Ngai.

I. Overview of Tinh Phong Industrial Zone

Tinh Phong Industrial Zone in Quang Ngai is planned according to Decision No. 577/TTg dated July 24, 1997, by the Prime Minister. The detailed industrial zone planning project was approved by the Minister of Construction in Decision No. 492 BXD/KTQH dated October 24, 1997. The provincial People’s Committee of Quang Ngai was delegated authority to approve additional detailed adjustments in Decision No. 2216/QD-UBND on August 10, 2005. The total planned area for the Tinh Phong Industrial Zone project is 141.72 hectares.

The technical infrastructure construction was entrusted to the Management Board of Quang Ngai Industrial Zones. During the project implementation, there were some adjustments to the industrial land, particularly in the area designated for transportation, as stated in Official Letter No. 728/SXD-KTQH&DT dated August 23, 2011, from the Department of Construction of Quang Ngai Province.

II. Geographic Location of Tinh Phong Industrial Zone

Tinh Phong Industrial Zone is situated in Tinh Phong commune, Son Tinh district, Quang Ngai province. Its location has the following borders:

  • To the North: Adjacent to the VSIP Quang Ngai industrial and service complex.
  • To the South: Adjacent to the drainage canal.
  • To the East: Adjacent to the VSIP Quang Ngai industrial and service complex.
  • To the West: Adjacent to National Highway 1A.

This location provides Tinh Phong Industrial Zone with excellent transportation access along National Highway 1A. Its proximity to VSIP Quang Ngai Industrial Zone and Dung Quat Economic Zone facilitates convenient exchanges between industrial zones.

Furthermore, from Tinh Phong Industrial Zone, reaching other locations is relatively quick:

  • 5 km from Quang Ngai railway station
  • 9 km from Quang Ngai city center
  • 35 km from Chu Lai Airport
  • 70 km from Da Nang International Airport
  • 25 km from Truong Hai seaports
  • 35 km from Ky Ha port, 60 km from Dung Quat port, and 70 km from Tien Sa Da Nang port
  • 137 km from Da Nang city center.

The Tinh Phong Industrial Zone project is surrounded by a well-connected road network, facilitating regional connectivity.

Master plan map of Tinh Phong Industrial Park - Quang Ngai Province - TTTFIC Group

Master plan map of Tinh Phong Industrial Park – Quang Ngai Province – TTTFIC Group

III. Infrastructure of Tinh Phong Industrial Zone

The Management Board of Quang Ngai Industrial Zones has invested in comprehensive infrastructure according to concentrated industrial zone standards to meet the production needs of investors.

Electricity Supply System:

The electricity supply for Tinh Phong Industrial Zone is sourced from the national grid (110KV, 220KV) through a 110/35/22KV – 40MVA transformer substation. Power is connected to the factory premises through power lines on each land plot, ensuring adequate supply for low-voltage needs.

Water Supply System:

The water supply for domestic and production purposes in Tinh Phong Industrial Zone comes from Quang Ngai water plant, with a capacity of 20,000 m3/day and night, ensuring sufficient supply for all production activities.

Wastewater Treatment System:

Wastewater from factories in Tinh Phong Industrial Zone is directed to the on-site wastewater treatment plant, where it undergoes treatment to achieve Class B quality. Afterward, it is further treated at the centralized wastewater treatment plant within the industrial zone before being discharged into the environment, meeting Class A standards.

Stormwater Drainage System:

The stormwater drainage system is designed separately from the wastewater system to ensure environmental hygiene. Open drainage channels surround the industrial zone, sloping toward the northeast dam overflow and then discharging into the East Sea.

Telecommunication System:

The Management Board of Tinh Phong Industrial Zone provides a comprehensive communication system to each land plot, including high-bandwidth communication channels (telephone, internet, fax) to facilitate fast data transmission for both domestic and international communication needs.

Internal Road Transportation System:

The internal road transportation system within the industrial zone is fully asphalted and completed to each factory and land plot, with the main road axis designed to be 17.5 – 24.5m wide. This design ensures convenient movement of vehicles within the industrial zone.

Fire Protection System:

Special attention is given to fire protection within Tinh Phong Industrial Zone. Emergency water supply outlets are designed along the sidewalks of the roads in the industrial zone. Each enterprise and factory within the industrial zone is equipped with its own fire alarm system.

Other Facilities:

Tinh Phong Industrial Zone also provides various facilities for the well-being of workers, including ATMs, housing for experts, dining areas, healthcare services, delivery services, medical facilities, entertainment areas, and more.

IV. Industries Attracting Investment in Tinh Phong Industrial Zone

The industries currently attracting investment in Tinh Phong Industrial Zone include:

  1. Agro-forestry product processing industry
  2. Textile, garment, and leather industry
  3. Mechanical and electronic assembly industry
  4. Plastic product manufacturing industry
  5. Cosmetics and packaging manufacturing industry
  6. High-end building materials and interior decoration manufacturing industry
  7. Export-oriented wood processing industry
  8. Various supporting industries

There are notable and effective businesses operating in Tinh Phong Industrial Zone. For instance, EUROGLASS Central Vietnam specializes in manufacturing toughened glass, safety film, box glass, and energy-efficient glass. VINTECH Technology Joint Stock Company focuses on manufacturing boilers, forging, pressing, and metal rolling, metal powder metallurgy, and the production of metal shaping machines. Tien Phong Manufacturing and Construction Materials Company operates in the field of building material production. Sumida Quang Ngai Electronics Co., Ltd primarily engages in the production of electronic components, with 100% investment from Japan. Hung Phu Thinh Investment Joint Stock Company produces yarn, rubber tires, and wholesales agricultural machinery, equipment, and spare parts.

These are large-scale enterprises, including both Vietnamese and foreign-invested companies.

A perspective on Tinh Phong Industrial Park - Quang Ngai Province - TTTFIC Group

A perspective on Tinh Phong Industrial Park – Quang Ngai Province – TTTFIC Group

V. Investment Incentives in Tinh Phong Industrial Zone

Companies investing in Tinh Phong Industrial Zone in Quang Ngai enjoy various preferential policies as stipulated by the government. These incentives include tax benefits such as:

Corporate Income Tax Incentives:

  • A corporate income tax rate of 10% for 15 years.
  • Exemption from corporate income tax for the first 4 years and a 50% reduction in the tax payable for the subsequent 9 years.

Import Tax Incentives:

  • Exemption from import tax on imported goods used to create fixed assets for the investment project.
  • Import tax exemption for 5 years from the start of production for raw materials and finished products that Vietnam does not produce.

Value Added Tax (VAT) Incentives:

  • Other incentives comply with Decision No. 36/2016/QD-UBND dated July 29, 2016, of the People’s Committee of Quang Ngai Province.

VI. Investment Costs in Tinh Phong Industrial Zone – Quang Ngai

Land Lease Fee30 USD/m2
Management Fee0.4 USD/m2
Electricity CostsPeak Hours: 0.1 USD/kWh

Normal Hours: 0.05 USD/kWh

Off-Peak Hours: 0.03 USD/kWh

Water Price0.4 USD/m3
Wastewater Treatment Fee0.28 USD/m3
Telephone, Internet, and Other Service FeesAccording to the current pricing of service providers

 VII. Labor Force in Tinh Phong Industrial Zone

Quang Ngai is a coastal province located in the South Central Coast region of Vietnam, with its capital being Quang Ngai City. Tinh Phong Industrial Zone is approximately 9 km away from the center of Quang Ngai City, providing favorable conditions for laborers seeking employment in the area.

The province boasts three universities and six colleges, which contribute to producing a high-quality labor force for businesses. Therefore, the labor quality in Quang Ngai meets the requirements of enterprises. Additionally, the province focuses on vocational training to meet the recruitment needs of the industrial zone, ensuring a reliable labor supply.

VIII. Economic Value of Tinh Phong Industrial Zone – Quang Ngai

Attraction of Investment: Tinh Phong Industrial Zone in Quang Ngai has been operational since 1999, making it one of the long-standing industrial zones. Over the years, due to proper planning and investment, Tinh Phong Industrial Zone has become a golden attraction for investors.

The industrial zone significantly contributes to increasing the provincial budget, solving employment issues, and raising incomes for local workers. Notable foreign-invested companies, such as Foster Quang Ngai Electronics Co., Ltd, have created jobs for over 2,000 workers. The average monthly income for workers here exceeds 7 million VND per person. Most workers in the Tinh Phong Industrial Zone earn a minimum of 4 million VND per person per month.

Enterprises provide a safe and modern working environment for laborers. The material and spiritual lives of workers are also cared for by business leaders. This care is demonstrated through support for transportation expenses, mid-shift meals, and the organization of large-scale workers’ festivals.

Investments from enterprises, especially FDI projects, contribute to technology transfer in Quang Ngai. This has led to the development of key local industries, such as the leather and footwear industry, the production of auxiliary components, and the electronic components industry.

Sustainable Development: Investors choose Tinh Phong Industrial Zone not only for its convenient transportation and connectivity with nearby industrial zones but also due to the secure law and order situation and specific incentives for certain industries.

To promote industrial zone development, the management board of Tinh Phong Industrial Zone has emphasized administrative reforms. Transparency and openness regarding policy directions have been enhanced to reassure investors.

In addition to focusing on development and attracting investment, the management board of Tinh Phong Industrial Zone also emphasizes environmental protection. To achieve sustainable economic development, local authorities have invested in building a centralized wastewater collection and treatment system, improving and upgrading the system to handle wastewater from factories.

The TTTFIC Group consistently updates information on industrial zone projects nationwide. Follow tttfic.com for the latest real estate information on industrial zones.

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

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