Long Jiang Industrial Park: Perfect Choice for Investors

Having all the necessary factors of a modern industrial park, Long Jiang Industrial Park, invested by Long Jiang Industrial Park Development Co., Ltd (LJIP), is seen as an ideal and secure destination for domestic and foreign companies in search of investment opportunities in Tien Giang province.

Founded in 2007 in Tan Phuoc district, Tien Giang province, with an operational lifespan of 50 years and commenced construction in May 2008, total investment capital of US$100-million, Long Jiang Industrial Park has 540 ha of leasable industrial land and a 60 ha residential complex.
 
The industrial park has a favourable geographical position for ground and waterway transportation. Some 50 km from the heart of Ho Chi Minh City, Saigon Port and Hiep Phuoc Port, 35 km to the Bourbon Port and 15 km from My Tho Port and be adjacent to Ho Chi Minh City - Trung Luong Highway, the cargo transportation from LJIP to other locations is very easy. The wharf in LJIP can simultaneously serve six barges of 600 tonnes. LJIP is situated at the middle of the Mekong Delta where aquatic and seafood resources and fruit supplies are abundant - ideal conditions for agricultural companies.
 
Besides, a synchronous wastewater treatment system was invested by LJIP according to the highest standards for a wastewater treatment system. The facility has a daily processing capacity of 10,000 cubic metres meeting Standard A in the first stage (the designed capacity is 30,000 cubic metres a day). LJIP only invites environment-friendly industries.
 
Furthermore, to provide maximum support for investors, the Tien Giang province Industrial Zone Administration (Tiza) applies many attractive incentive policies. Accordingly, in addition to support with administrative procedures such as application for investment certificate, tax and customs declaration, tenants enjoy 15 year preferential period for corporate income tax of 10 per cent since having revenue, including 4 years of tax exemption from the first profit-making year, 9 subsequent years with tax rate discount by 50 per cent. In addition, investors shall enjoy tax exemption when importing equipment and machinery to form fixed assets and 5 year tax exemption when importing raw materials, materials and semi finished products which are not yet manufactured in Vietnam. Moreover, investors who export majority of their products can apply for the formation of export processing companies to enjoy preferential tax policies (import tax and VAT) according to the Regulation on Export Processing Zones. Apart from taxes, tenants are also provided free legal support when they apply for investment registration certificate and free support for construction supervision in beginning period of their project at LJIP.
 
With its prime location plus complete infrastructure system and professional support network, Long Jiang Industrial Park can accept investment projects of various industries, particularly environment-friendly sectors like garment and textile, consumer goods, seafood processing, agricultural and food processing.
 
To date, LJIP has licensed 31 foreign investors from many countries with a total registered investment capital of US$1.09 billion. There are some subordinate enterprises with large scale as TEXHONG (Hong Kong - China), HAILIANG (China), KANGNA (China), NISSEI (Japan) and LOCK & LOCK LIVING (South Korea). LJIP was voted into the Top 10 famous brands in the Mekong Delta in 2014 by the Vietnam Entrepreneurs Scientific Union and the National Office of Intellectual Property of Vietnam. So far, 17 investors in LJIP have gone into operation, employed 7,500 workers and annually contributed US$450 million to the industrial GDP of Tien Giang province.
 
To meet investors’ needs, LJIP will further complete its infrastructure system and investment policies to become an exemplary green and clean general industrial - urban complex in Tien Giang province. It will provide all favourable conditions for investors to locate their projects in Long Jiang Industrial Park, thus contributing more to economic development and investment attraction in the province.