Tan Huong Industrial Zone, situated in Chau Thanh district, Tien Giang province, is typical of industrial zones inside a key economic zone which focus on attracting investment capital for key economic sectors, tapping local strengths, generating jobs for local people, and speeding up economic development.
About 50 km southeast of Ho Chi Minh City, about 10 km from Saigon – Trung Luong Expressway and 43km from Tan Son Nhat International Airport, Tan Huong Industrial Zone has overwhelming advantages over its peers in Long An and Tien Giang provinces in attracting key industries like electricity, electronics, information technology, engineering, chemicals and consumer goods.
The construction on Tan Huong Industrial Zone commenced in 2006 on a total area of 197.33 ha (excluding 40 ha allocated for resettlement area), of which 144 hectares are rentable. The total investment capital for the construction was more than VND600 billion. This was a rapidly growing industrial zone in the province. Nhut Thanh Tan was highly appreciated by provincial authorities for its ongoing efforts to withstand hardships to accelerate infrastructure construction progress to provide space for investors. Currently, Tan Huong Industrial Zone is housing 26 Vietnamese and foreign investors with about 70 percent of rentable area leased. They registered to invest US$198 million and VND211 billion. Tenants are employing over 25,000 local workers and more than 200 foreign specialists from the US, Japan, South Korea, Taiwan, China and Hong Kong.
In addition to completing basic infrastructure, workshops and telecommunications system, the industrial park also built a wastewater treatment system with a daily capacity of 4,500 cubic metres (second phase, depending on the presence of tenants), and a 63 MVA/110KV transformer capable of supplying enough electricity for investors in both rainy and dry seasons. Besides, Nhut Thanh Tan also erected fences to ensure security and order.
Tenants in Tan Huong Industrial Zone are granted procedure support, tax preferences, training expenses, and marketing fees – applicable to local exhibition and fair events.