Currently, land funds in major southern industrial localities like Ho Chi Minh City, Binh Duong and Dong Nai are gradually shrinking but rental prices are increasing. This shrinkage has pained investors and naturally made neighboring provinces with rich land funds, abundant labor resources, favorable traffic connections and strong investment attraction policies new “promised destinations” for businesses.
Perspective of Tan Phu and Tien Hung 1 industrial clusters
Binh Phuoc province, with its geographical advantages and good traffic infrastructure and the distinguished tradition of “rolling out the red carpet” to attract investors and “rolling out the flowered carpet” to welcome talents, is a charismatic destination for investors. With the motto of “the success of businesses is also the success of the province", the provincial government is making efforts to reduce the time to handle administrative procedures and apply a single-window mechanism in reception and settlement of administrative procedures.
Thanh Phuong Industrial Complex: Realizing its goals, inspiring Binh Phuoc development
Thanh Phuong Industrial Complex, one of the outstanding industrial complexes in Binh Phuoc, consists of four industrial clusters: Tan Tien 1, Tan Tien 2, Tan Phu, Tien Hung 1 with advantages in convenient traffic infrastructure and relatively flat natural terrain. This is a comprehensive ecological industrial complex where projects are closely and tightly planned to ensure applicability and attract advanced technologies to promote sustainable development. The complex has a wastewater treatment plant that meets regulatory standards before the treated water is discharged into the environment.
In addition, Thanh Phuong Industrial Complex always supports investors to carry out legal procedures and administrative documents when they invest and do business. Furthermore, the developer and operator has paid the land rent in one go, ensuring absolute stability for a bright future of business development.
With the above outstanding advantages, right after being completed, Tan Tien 1 and Tan Tien 2 industrial clusters quickly attracted many domestic and foreign investors, factories and companies as expected. Typical tenants include Keeson Binh Phuoc Co., Ltd and Boray Binh Phuoc Co., Ltd.
After Tan Tien 1 and Tan Tien 2, to catch the investment wave and anticipate the trade flow from Dong Phu - Binh Duong Expressway, Tan Phu and Tien Hung 1 industrial clusters are being completed, ready to welcome new investors. With long-term stability, complete facilities, government-backed preferential investment policies like tax exemption and reduction and good terrain that helps investors save about 30% of construction cost, this place should not be missed by investors looking for new destinations for development opportunities.
By Nguyen Bach, Vietnam Business Forum
Vietnamese
October 2024
Hanoi