LONG GIANG INDUSTRIAL PARK

Province

Tien Giang

Occupancy Rate

83%

Area

540 hectares

Lease Price

150 USD/m2

Long Giang Industrial Park (abbreviated as Long Giang IPD or LJIP) was granted Investment Certificate No. 532043000007 on November 26, 2007, by the Management Board of Industrial Parks of Tien Giang Province, with an operating term of 50 years. The project is located in Tan Lap 1 commune, Tan Phuoc district, Tien Giang province, covering an area of ​​540 hectares and with a total investment of approximately US$100 million, of which the registered capital is US$20 million.

Details

Industrial Park Name

Long Giang Industrial Zone

Location

Tan Lap 1 Commune, Tan Phuoc District, Tien Giang Province

Total Area

540 hectares

Land Rental Price

150 USD/m2

Construction Density

70%

 Occupancy Rate

83%

Infrastructure Information

Electrical System

The load is supplied with power from the 110/22kV-3x63MVA Long Giang Industrial Park substation, with a maximum power consumption of 100MVA (approximately 53% of the substation’s total capacity).

Water System

48,000 m3/day

Sewage System

40,000 m3/day

Traffic System

The internal road system is paved with asphalt and meets VNH18-H30 standards.

1. Project overview and legal information

Below is an overview of Long Giang Industrial Park:

  • Project Name: Long Giang Industrial Park
  • Location: Tan Lap 1 Commune, Tan Phuoc District, Tien Giang Province
  • Area: 540 hectares
  • Operating Period: 50 years (2007 – 2057)
  • Occupancy Rate: Approximately 80%

Investment-attracting industries are divided into 4 main groups:

  • Group 1: Electrical, electronics, and refrigeration industries; telecommunications equipment assembly; mechanical and assembly industries.
  • Group 2: High-end furniture and handicraft production; household goods; textiles; leather products (excluding leather tanning); packaging, plastics; stationery.
  • Group 3: Pharmaceutical, cosmetic, medical equipment, and optical instrument production; agricultural product, food, and beverage processing; seafood processing.
  • Group 4: Construction materials, sanitary equipment, ceramics, and glass production. Paper industry (excluding pulp production); cardboard, packaging, and other paper products.

Human resources:
Tien Giang has an abundant workforce with a population of approximately 1.7 million people, of which about 68% are of working age. In addition, the industrial park attracts workers from neighboring provinces in the Mekong Delta. The young, dynamic, and highly motivated workforce is a significant advantage for investing businesses.

2. Investment costs

3. Geographical location

Long Giang Industrial Park boasts a prime location adjacent to the Ho Chi Minh City – Trung Luong Expressway, facilitating quick and efficient transportation of goods and raw materials.

Connection distances:

  • Approximately 50 km southwest of Ho Chi Minh City center
  • Approximately 15 km from Tan Son Nhat Airport, Saigon Port, and Hiep Phuoc Port
  • Approximately 35 km from Bourbon Port
  • Approximately 15 km from My Tho City center

In terms of transportation, the industrial park offers flexible connectivity via both road and waterway. Road access is via National Highway 1A and the Ho Chi Minh City – Trung Luong Expressway. Waterway access is supported by barge terminals with a capacity of approximately 500–600 tons, serving the transportation of goods to My Tho Port and Hiep Phuoc Port.

4. Infrastructure System

Long Giang Industrial Park boasts a comprehensive and modern infrastructure system, effectively meeting the long-term production and development needs of businesses.

  • Internal Transportation:
    The internal road system is paved according to VNH18-H30 standards, ensuring smooth traffic flow for heavy vehicles.
  • Electricity System:
    The power supply meets TCVN 1985–1994 standards, provided from a 110/22kV transformer substation with a capacity of 3x63MVA. The 22kV medium-voltage power grid covers every plot of land, with a total maximum usable capacity of approximately 100MVA.
  • Water Supply System:
    Water is extracted from underground wells and treated to meet QCVN 01:2009/BYT standards. Water quality is periodically tested at the Pasteur Institute in Ho Chi Minh City. Current water supply capacity is approximately 48,000 m³/day.
  • Wastewater Treatment:
    A centralized wastewater treatment plant with a capacity of up to 40,000 m³/day ensures compliance with environmental standards.
  • Communications:
    A modern telecommunications system with approximately 4,000 international telephone lines (IDD) and ADSL, meeting the needs for domestic and international communication.

5. Investment incentive policies

Long Giang Industrial Park applies many attractive incentive policies to attract investors:

  • Corporate Income Tax:
    Applied preferential tax rates of 15% for 15 years from the date of revenue generation. This includes a 4-year tax exemption from the date of taxable income and a 50% reduction in tax payable for the following 9 years.
  • Import Tax:
    Exemption from import tax on machinery and equipment used to create fixed assets; and a 5-year tax exemption on raw materials, supplies, and semi-finished products that are not produced domestically.
  • Export Processing Enterprise Mechanism:
    Export processing enterprises operating within the industrial park enjoy preferential policies as stipulated for export processing zones.