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Last updated: Monday, October 22, 2018

 

Tin Nghia Offering Numerous Incentives for Investors

Posted: Wednesday, June 14, 2017


Set up in 1989, after nearly 28 years of construction and development, Tin Nghia has become one of three major corporations in Dong Nai province and ranked as one of the 200 largest enterprises in Vietnam by the United Nations Development Programme (UNDP).

The annual revenue of Tin Nghia Corporation always exceeds VND10 trillion. It is ranked among the 500 biggest companies in Vietnam for many consecutive years and is one of 88 winners of Vietnam Value-a National Brand Award, National Quality Award, First Prize of the CSR Awards, Top 10 Vietnam Most Sustainable Brand, and the Business for Labourers, among others. Tin Nghia Corporation is currently engaged in industrial park investment and operation; gasoline, oil, lubricant and gas trading; agricultural product processing and trading; warehousing, multimodal transport and logistics services.

Among its main business fields, industrial zone infrastructure investment is highly appreciated by domestic and foreign business communities. The corporation has invested in eight industrial parks in Dong Nai and Ba Ria-Vung Tau with a combined area of 3,500 hectares. Up to now, its industrial parks have attracted nearly 250 enterprises with a total investment capital of over US$5.3 billion. In 2016, Tin Nghia Corporation drew 38 investors with US$148.6 million into its industrial parks.

As one of the leading infrastructure investors in Dong Nai province and in Vietnam as a whole, Tin Nghia Corporation not only focuses on business but also on environmental protection. Currently, the corporation has invested and operated centralised wastewater treatment plants and ensured compulsory standards before discharge to the environment, including facilities in Nhon Trach 3 IP (first and second phases), Tam Phuoc IP, An Phuoc IP, Ong Keo IP and Tan Phu IP.

In addition, to make sure that all wastewater is treated up to national environmental standards, Tin Nghia Corporation is the first enterprise in Dong Nai province to install monitoring stations in its industrial parks. These facilities automatically control the quality of treated wastewater at discharge gates and provide output wastewater quality properties at Tin Nghia Corporation-invested industrial parks to competent authorities.

In addition to continuing trade promotion activities like contacting investors via consulates and commercial counsellors, and taking part in the province’s investment promotion delegations in foreign countries, the corporation has actively organised trade promotion missions to many countries to introduce its projects. Many foreign customers have visited, studied and invested in its industrial parks, especially those from Japan and South Korea.

Currently, according to policies of the Government of Vietnam and Dong Nai province on increased investment attraction from Japan, Tin Nghia Corporation has gradually stepped up the development of supporting services for Japanese small and medium enterprises in Nhon Trach 3 IP (phase 2) and An Phuoc IP. Tenants will be actively supported when they carry out their projects in these two industrial parks.

In addition, the Japanese SMEs Centre-branded prebuilt workshops in Nhon Trach 3 IP, created to maximally facilitate Japanese SMEs to make investment, are positively appreciated and supported by the leaders of Dong Nai province and Japan International Cooperation Agency (JICA). To appeal to investors, Tin Nghia Corporation has provided handy services such as restaurants, supermarkets, medical clinics, specialist houses and amusement parks in the 51-ha service area in Nhon Trach 3 IP (second phase). So far, the performance of the 18-ha pre-built workshop for lease has proven effective and practical as it has met the needs and aspirations of Japanese investors.

The 496-ha Dat Do Industrial Park in Ba Ria-Vung Tau province is completing technical infrastructure and building a centralised wastewater treatment plant, expected to be completed in July 2017. To date, five investors have registered to rent 36 ha of land at Dat Do Industrial Park. As for Tan Phu Industrial Park, Tin Nghia Corporation has applied a five-year exemption of infrastructure-use fees.

With its achievements during nearly 28 years of construction and development, Tin Nghia Corporation has grown to become a leading developer and operator of industrial parks in Vietnam. Its industrial parks, featuring complete and synchronous infrastructure, generate hundreds of thousands of jobs for local people and contribute to local and national socioeconomic development.

PV








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