Investment project on construction and infrastructure business of Tien Thanh Industrial Zone (Tien Lang district) is expected to start construction at the end of 2022.

On June 22, the investment and construction project and infrastructure business of Tien Thanh Industrial Zone, Tien Lang district of Tien Thanh Investment Industrial Zone Joint Stock Company was officially granted investment registration certificate by the Management Unit of Hai Phong Industrial Zone. According to the plan, the project will start construction at the end of 2022, after completing the procedures for site clearance.

Mr. Le Trung Kien, Member of the Standing Committee of the City Party Committee, Head of the Hai Phong Economic Zone Management Unit, hands over the investment license of the investment project to build and trade infrastructure in Tien Thanh Industrial Zone, Tien Lang District to Tien Thanh Investment Industrial Zone Joint Stock Company. Chairman of the Board of Directors of Viet Phat Group Nguyen Van Binh spoke at the investment license awarding conference.

Investment project on construction and infrastructure business of Tien Thanh Industrial Zone is located in Tien Thanh and Lap Tien communes, Tien Lang district, adjacent to the road connecting District Road 25 to National Highway 10, connecting with Tien Lang Industrial Cluster, Giang Bien Industrial Cluster and Giang Bien 2 Industrial Zone, creating a cluster of industrial development links in the region. With total investment of 4,597 billion VND, a scale of 410 hectares, the project is one of 15 new industrial zones with total area of over 6,200 hectares planned and implemented by Hai Phong in the period of 2021-2025. Tien Thanh Industrial Zone was built to solve the employment needs of workers in Tien Lang district and neighboring districts and provinces; serving production and business needs of companies, factories and enterprises. This is oriented as a multi-industry industrial zone including: Consumer goods industry, manufacturing industry, assembling electronics, manufacturing mechanical products, etc. 

Leaders of Viet Phat Group on the day of receiving the investment license for the construction investment and infrastructure trading project of Tien Thanh Industrial Zone, Tien Lang district.

Tien Thanh Industrial Zone is considered to have a favorable geographical position and traffic, converging all 5 types of traffic, convenient for the transportation and circulation of goods; having potential for economic development, attracting investment capital from domestic and foreign companies and enterprises, developing infrastructure and promoting the city’s economy. After coming into operation, it can attract from 30,000-40,000 workers to work with an average salary of 6-9 million VND, gradually improving the living conditions for local people and surrounding areas. In addition, Tien Thanh Industrial Zone will implement many incentives to attract businesses to invest, such as tax exemption for 2 years, 50% reduction for the next 4 years from the first year, for which the business has taxable income; land rent exemption for land area for construction of infrastructure for common use in industrial zones, industrial clusters and export processing zones; exemption from land rent and water surface rent during the period of capital construction and the next 11 years after the period of capital construction….

Previously, Deputy Prime Minister Le Van Thanh signed Decision No. 647/QD-TTg dated May 27, 2022 on approving the investment policy of the investment project, construction and infrastructure business in Tien Thanh industrial zone, Tien Lang district, Hai Phong city. Tien Thanh Investment Industrial Zone Joint Stock Company is the investor of the project. According to Chairman of the Board of Directors of Tien Thanh Investment Industrial Zone Joint Stock Company Nguyen Van Binh, in order to soon have a site to deploy the project, right after the investment policy is approved by the Prime Minister, the investor cooperated with Hai Phong Economic Zone Management Unit, the city departments, agencies, and People’s Committee of Tien Lang district to set up and agree on a detailed project implementation plan with the following objectives: Fast Site Clearance-Fast Construction and Fast Investment Attraction. The investor commits to focus all efforts on finance and human resources to build the Industrial Zone infrastructure on schedule, have a business plan to attract continuous and methodical investment in order to attract quality investors in industrial zones./.