Tuy Phong Industrial Park: Potential and Attractive Investment Destination

With an ideal geographical location and transportation system for industrial production investment, Tuy Phong Industrial Park, located in Tuy Phong district, Binh Thuan province, is really a potential and attractive investment destination for investors all over the world. Especially, with an effort to create an attractive, healthy and sustainable investment environment to satisfy requirements of domestic and foreign investors, Tuy Phong Industrial Park is the bridge of peace to bring prosperity to investors as they set foot in Binh Thuan province.

Based on 150 ha in Vinh Hao commune, the more than VND370 billion Tuy Phong Industrial Park is invested by Tan Dai Tien Co., Ltd - an investor and developer of industrial parks and urban areas. This general industrial park is giving priority to investment projects engaged in steel, aluminium, mechanical engineering, manufacturing, assembling, pharmaceutical and medical equipment, agro-forestry and seafood processing, construction materials, household goods, wood and paper among others.

Mr Nguyen Huu Thanh, Deputy General Director of Tan Dai Tien Binh Thuan Co.,Ltd and Director of Tuy Phong Industrial Park Management Board, said, Tuy Phong Industrial Park has utilised local existing transportation advantages to meet merchandise import and export demands for socioeconomic development in Binh Thuan and neighbouring provinces in the Southern Central Coast and the Central Highlands. Adjacent to National Highway 1, Tuy Phong Industrial Park is about 100 km from Cam Ranh International Airport, 6 km from Vinh Tan Seaport and 0.9 km from Vinh Hao Railway Station. This easy traffic connectivity eases concerns of investors about freight and material transportation when they want to invest in Binh Thuan province.

The modern infrastructure inside the industrial park is being completed. In addition to a 63-MVA power station, a water supply plant of 15,000 cubic metres a day, a wastewater treatment plant of 4,000 cubic metres a day, a reasonably designed rainwater drainage system and a logically and scientifically designed internal traffic system, Tuy Phong Industrial Park Management Board also pays attention to building a green, clean and nice environment and landscape to promote sustainable development and meet tenants’ demands.

Another advantage of Tuy Phong Industrial Park is that it has a good supply of abundant human resources. Tuy Phong Industrial Park Management Board has actively cooperated with universities, colleges, vocational training centres and job promotion centres to supply skilled labourers for tenants. The price of land, labour, transportation and infrastructure investment in Tuy Phong Industrial Park is lower than that of its peers in other localities. It also offers a 5 per cent discount to land rents to the five first tenants, helping them reduce project starting expenses. Moreover, Tan Dai Tien Binh Thuan Co., Ltd has already paid one-time land rent for 50 years of lease, so its tenants can borrow money from banks equal to 70 per cent of their land value. Importantly, the Tuy Phong Industrial Park has also received strong support from Binh Thuan authorities who always listen to enterprises to offer best solutions to their emerging problems.

Under the business philosophy “Your success is ours too”, Tuy Phong Industrial Park Management Board expects more investors to explore investment opportunities in the Industrial Park. Currently, it is ready to hand over 50 ha of clean land to investors. Expectedly, once completed and put into operation, it will employ thousands of local workers and promote the development of other trade and service activities to speed up local socio-economic development.

Truong Thanh - Viet Hung