Tan Phu Trung Industrial Zone offers investors all the benefits of the south
Tan Phu Trung Industrial Zone offers investors all the benefits of the south
Located in Ho Chi Minh City’s Cu Chi district, Tan Phu Trung Industrial Zone (IZ) is proud of its multiple advantages.
The IZ, developed by Northwest Saigon City Development Corporation, is only 25km away the centre of Ho Chi Minh City and just 15km from Tan Son Nhat International Airport. The park is a key element in the master plan for Ho Chi Minh City’s northwest area which covers 6,000ha in total area encompassing an urban complex, international university village, golf course, hospital and other facilities.
The IZ also offers convenient access to Highway 22 which is part of the trans-Asia road project linking Ho Chi Minh City and Cambodia; Highway 1A which travels through half of Vietnam’s localities and links the four major cities of Hanoi, Danang, Ho Chi Minh City and Can Tho; and Provincial Route 8 which connects to the pivotal Long An-Binh Duong-Ho Chi Minh City development triangle.
Its 590ha total area features scientific and modern planning, with 359ha earmarked for industrial production and 48ha as residential area for experts and workers with a full suite of service facilities such as healthcare and banking.
Its land available for investors provides favourable conditions to set up shop while ensuring cost-efficiency.
Priority investment areas include manufacturing, electronics and information technology; chemicals and pharmaceuticals, herbal medicines and cosmetics; food and foodstuff refined processing and post-processing preservation; production of light and high-grade building materials; light industry; manufacturing and assembling; beverage production; biotechnology; services and eco-friendly and hi-tech industries.
Cu Chi district which hosts Tan Phu Trung IZ is capable of meeting the human resource demands of businesses based in the IZ.
IZ-based businesses are entitled to diverse tax preferences including corporate income tax exemptions for the first two years and a 50 per cent reduction in the four following years based on Decree 218/2013/ND-CP dated December 26, 2013 and the Ministry of Finance’s Circular 78/2014/TT-BTC dated June 18, 2014.
The IZ offers competitive land rental rates averaging $63-75 per square metre with leasing terms extended to December 2054, coupled with flexible payment policies.
Investors can also enjoy free support in investment procedures as well as other legal procedures. Flexible investment models allow investors to lease land to build factories or lease ready-built factory and offices.
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