Industrial Parks in Binh Tan District in HCM City: Always For Investors’ Sake

With vigorous changes in recent years, Binh Tan district is known to have a rapid urbanization in Ho Chi Minh City. This breakthrough was extended when industrial parks were established, especially Tan Tao Industrial Park and Vinh Loc Industrial Park.

 

Tan Tao Industrial Park, developed and operated by Tan Tao Industrial Park Corporation, is one of the first industrial zones in Ho Chi Minh City, the largest economic centre in Vietnam, and is considered the most successful industrial park in Vietnam. Established in 1996 with an initial area of 181 ha, the park added 262 hectares in 2000, bringing the total area of 443 hectares.

 

Lying on traffic routes that link south-western provinces and Trans-Asia Road to reach south-eastern provinces, Tan Tao Industrial Park plays an important role in socioeconomic development in HCM City in particular and the southern key economic zone in general.

 

Apart from geographic advantage, Tan Tao Industrial Park Corporation has built a complete infrastructure system, including inner roads capable of serving large container trucks, water supply and sewage systems, electricity networks, sewage treatment facilities and additional services like bonded warehouses and general clinics.

 

After nearly 14 years of operation, Tan Tao Industrial Park has attracted 257 investors with VND6,300 billion (US$340 million) (from domestic investors) and more than US$155 million (from foreign investors). In addition, Tan Tao Industrial Park houses nearly 200 operating factories which are creating jobs for over 22,000 people. Especially, with the desire to globalise Tao Tan trademark and attract more capital into the corporation, Tan Tao Industrial Park was the first of its kind to list shares on the Hochiminh Stock Exchange (HOSE) on November 2006.

 

With the philosophy of “your success is our success” and a one-stop investment mechanism, Tan Tao Industrial Park always strives to create favourable conditions for companies to operate effectively. Accordingly, the industrial park actively supports investors accessing bank loans and applying for land-use rights certification, investment licences and business registration certificates. Besides, the industrial park holds regular investment consulting meetings, aiming to strengthen investor confidence and boost development investment of enterprises. So, the park is a reliable address for many investors.

With the business diversification strategy, Tan Tao Industrial Park Corporation - the investor of the industrial park, is be

coming a powerful economic group by expanding investment to many areas in the country through cooperation programmes signed between Ho Chi Minh City and other localities.

 

The 207-ha Vinh Loc Industrial Park is invested by Cho Lon Export - Import & Investment Company (Cholimex) at a cost of VND500 billion.

 

In the first days, Vinh Loc Industrial Park encountered numerous challenges arising from the adverse impacts of the Asia-Pacific economic crisis. However, thanks to support from central and municipal governments, the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) and Cholimex, Vinh Loc Industrial Park gradually navigated difficulties to secure sustainable development to be “a reliable fellow of investors.”

 

As a modern dynamic industrial park, Vinh Loc is drawing attention from many investors. In addition to synchronous infrastructure, it also provides utility services and investment advantages for investors. A supply chain of public services has been launched to support tenants in addition to easy banking services, communication systems, high-speed ADSL internet lines, supermarkets, sports centres and restaurants. What’s more, the industrial park also pays special attention to the growth and development of operating companies by creating good conditions and working environment, and offering many preferential policies to investors. It also helps investors to borrow bank loans, seek markets and advertise. Hence, many domestic and international companies located their factories in Vinh Loc Industrial Park.

 

Promoting its achievements, in 2010, Cholimex - the operator and developer of Vinh Loc Industrial Park - will focus on upgrading existing infrastructure, expand its current acreage and build Vinh Loc A resettlement zone and Hoa Anh Dao (Cherry Blossom) Resort. Besides, the company will focus its resources on developing its strengths like investing, constructing and operating industrial park and residential zone infrastructures, leasing workshops, offices and warehouses. It also restructures to reduce ineffective business activities and quicken the implementation of blueprint projects. More importantly, it will renovate and diversify investment promotion methods, expand relations with banks, financial institutions and consulting companies, and lure domestic and international investors to do business in its industrial zones and residential areas.