Trang Bang Industrial Park (Trang Bang IP) is one of the major industrial parks in Tay Ninh. This project boasts the highest foreign direct investment (FDI) capital in Tay Ninh to date. Projects within Trang Bang IP hail from various countries and territories globally, including Taiwan, Korea, Japan, Hong Kong, Thailand, and China. The establishment of Trang Bang IP is regarded as a significant contribution to Tay Ninh’s economic transformation, steering it towards industrialization and modernization.
I. Overview of Trang Bang Industrial Park
Trang Bang IP is an industrial park project strategically located in Tay Ninh province. Currently, Trang Bang IP has achieved a 100% occupancy rate and has proven itself to be a “big brother” in the industrial sector in the province and surrounding areas. The location advantage of Tay Ninh province (adjacent to Ho Chi Minh City, Binh Duong, and Long An – major economic centers in the South) is the premise to help Trang Bang IP achieve certain success.
With methodical investment, Trang Bang IP, once operational, plays a pivotal role in reducing the unemployment rate as well as developing the regional economy to a new level. This is a positive sign that Tay Ninh province is undergoing a strong transformation to become an industrialized and modernized region.
1. Information on the Formation of Trang Bang Industrial Park
Trang Bang IP in Tay Ninh province was established by INDENO company according to Decision No. 100/QD-TTg dated February 9, 1999, of the Prime Minister.
2. Project Scale
Trang Bang IP has a total area of 189.10 hectares, including 136,43 hectares of industrial land with a lease term of July 14, 2053.
3. Investment Status
As the first industrial park project in Tay Ninh province, Trang Bang IP quickly attracted a large number of investors and businesses. Currently, there are over 80 investment projects here with a registered capital of up to 2.350,95 copper and 220,45 million USD.
Investors in Trang Bang IP come from many different countries such as Taiwan, Korea, Japan, Thailand, and China… Vietnamese businesses here account for 28%.
4. Investor Information
The investor of the Trang Bang IP project is Tay Ninh Industrial Park Infrastructure Development Company (Indeno).
Company Address: Road No. 12, Trang Bang IP, An Tinh Ward, Trang Bang Town, Tay Ninh Province.
The company’s business fields:
Real estate business, land use rights belonging to the owner, user, or tenant
Drainage and wastewater treatment
Water exploitation and supply
Production, transmission, and distribution of electricity
Wireless telecommunications
Construction of civil engineering works
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Land use planning map of Trang Bang Industrial Park
II. Location of Trang Bang Industrial Park – Tay Ninh
The location of the Trang Bang IP project is one of its outstanding advantages, situated in An Tinh ward, Trang Bang town, Tay Ninh province. This strategic location shares borders with Cambodia, Long An Province, Binh Duong Province, and the Cu Chi district of Ho Chi Minh City.
Tay Ninh province benefits from a flat, even terrain, making it highly suitable for the establishment of industrial parks. Evidence of this suitability can be seen in the presence of many large industrial parks in the province, such as Phuoc Dong Industrial Park and Thanh Thanh Cong Industrial Park.
The geographical location of Trang Bang IP is in the East and Southeast of Ho Chi Minh City and borders:
The West borders Cambodia
The Northwest borders Ben Cau and Go Dau districts (Tay Ninh)
The South and Southwest border of Duc Hoa district (Long An)
The North borders Binh Duong province and Duong Minh Chau district (Tay Ninh)
Thanks to its location along the Trans-Asia route (National Highway 22), Trang Bang IP enjoys significant advantages in trade and transport of goods by road. Specifically, this industrial park is strategically positioned in relation to key locations:
Moc Bai International Border Gate: 28 km
Xa Mat border gate: 90 km
Ho Chi Minh City center: 43,5 km
Tan Son Nhat International Airport: 37 km
Tay Ninh City: 50 km
In addition, the Trang Bang IP project also benefits from the river system, with distances to ports as follows:
Cat Lai: 59,5 km
Dong Nai Port: 65,4 km
Tan Hiep Phuoc Port: 90 km
III. Infrastructure of Trang Bang Industrial Park
Not only built on a large area of land, Trang Bang IP is also invested in complete and synchronous infrastructure to meet the needs of investors and businesses.
Specifically:
1. Traffic System
Main traffic system with a width of 31 m and 4 lanes.
Internal traffic system with widths of 28 m, 23 m, and 2 lanes.
Internal roads at Trang Bang IP are constructed with hot asphalt concrete, load H:30.
2. National Electricity System
Supplied from the industrial park’s power station, capacity 110kV/22kV.
3. Clean Water System
The industrial park’s water plant has a capacity of 7.000 m3/day and night.
Industrial park water plant capacity is 1.600 m3/day and night.
4. Wastewater Treatment System
Standards meet QCVN 40:2011/BTNMT column A.
Maximum treatment capacity reaches 7.500 m3/day and night.
The current wastewater treatment capacity reaches 5.600 m3/day.
5. Fire System
Includes 43 water supply posts, and 2 fire trucks ready to handle urgent cases, ensuring safety for the production activities of businesses.
6. Communication System
Trang Bang IP has a communication system provided by major carriers, ADSL internet bandwidth to ensure domestic and international communication needs for investors.
7. Landscape System
Lights and trees are arranged throughout the internal roads of the industrial park to create a clean and beautiful green environment, ensuring safe transportation needs for people and workers.
Trang Bang Industrial Park is planned synchronously
IV. Industries Attracting Investment in Trang Bang Industrial Park
Trang Bang IP attracts a large number of investors and businesses to expand production activities and diversify industries and fields. Among the industries attracting investment here include:
Light industry, food industry, clean industry
Precision mechanics, assembly industry
Production of consumer goods and construction materials
Manufacturing machinery, equipment, and spare parts for production, transportation, and processing of agriculture, forestry, and fishery
Producing high-quality lightweight construction materials and interior decoration
Other industries that do not pollute the environment
Service industries serving production, import, and export such as warehousing, logistics, and food services
Other services suitable for operations in industrial parks
Similar to Linh Trung III Export Processing and Industrial Park, the Trang Bang IP project gives priority to investors operating in environmentally friendly fields or with modern technological machinery systems.
V. Investment Incentives at Tay Ninh
Tay Ninh is a province that is taking steps towards industrialization and modernization. In recent years, large-scale industrial parks have appeared in the province. To attract investment from businesses and investors, the Provincial People’s Committee and the management boards of industrial parks have proposed many attractive preferential policies.
At Trang Bang IP, Tay Ninh Province, investors enjoy tax incentives and accompanying support services.
1. Tax Incentive Policy
Exemption from export tax during operation in the industrial park
VAT exemption for businesses
Tax exemption for 2 years, 50% tax reduction for the next 4 years
Apply corporate income tax of 27% for the first 10 years since the enterprise begins production
Investors and businesses in Trang Bang IP also receive support and companionship throughout the operation process. Specifically, businesses will be able to apply flexible payment methods, receive free legal advice, and be encouraged to participate in trade promotion programs.
VI. Investment Costs in Trang Bang Industrial Park
Compared to Linh Trung III Export Processing and Industrial Park located in Trang Bang, Trang Bang IP has a higher land rental price. However, this is completely understandable when Trang Bang IP possesses many more outstanding advantages.
Land rents
112 USD/m2 (Minimum rental term: Until December 26, 2052)
Management fee
0,5 USD/m2/month + 10% VAT
Electricity costs
Peak hour: 0,12 USD/KWh
Off-peak hours: 0,065 USD/KWh
Off-peak hours: 0,04 USD/kWh
Comply with the price schedule provided by Vietnam Electricity
Clean water costs
0,34 USD/m3/month (paid monthly)
Wastewater treatment costs
0,35 USD/m3Input and output processing standards according to regulations
The calculated volume is based on 80% of the clean water supplied
Labor costs
The minimum salary is 4.160.000 VND/month
VII. Labor Resources and Labor Costs
Trang Bang town, Tay Ninh province, has two large industrial parks, Trang Bang and Linh Trung III, attracting a large number of workers from many neighboring provinces. Therefore, businesses here do not encounter too many difficulties in recruiting talented and highly skilled workers.
Along with social security support policies for workers, businesses in Trang Bang IP can retain and attract workers, ensuring a smooth production process.
VIII. Economic Value of Trang Bang Industrial Park
Trang Bang IP, with its favorable geographical location, synchronous infrastructure, and attractive investment incentive policies, has attracted many large investors. Certainly, in the future, Trang Bang IP will develop very quickly and deserves to become a model industrial park in Tay Ninh province. The remarkable success of the Trang Bang IP project is its contribution to reducing the unemployment rate and elevating the regional economy to new heights. With that comes the potential to increase real estate prices in Tay Ninh.
Hopefully, the above information from TTTFIC about the Trang Bang IP project in Tay Ninh province has helped investors have the most general overview before making a decision.
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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