Long Duc Industrial Park, Tra Vinh Province
Long Duc Industrial Park, located in Tra Vinh Province, is a key highlight in the region’s economic development. Its strategic location, modern infrastructure, and attractive incentive policies have drawn numerous investors, making it a prime destination for investment.
Key Highlights:
- Long Duc Industrial Park – the new economic development hub of Tra Vinh.
- Strategic location and modern infrastructure attract many investors.
- Attractive investment incentive policies.
- Convenient living and working environment.
- Great potential for future development.
Geographical Location of Long Duc Industrial Park
Long Duc Industrial Park is situated near seaports, airports, and urban centers, offering a geographic and logistical advantage. This favorable location enhances the efficiency of production and logistics operations.
Convenient Transportation Advantages
The industrial park benefits from a diverse transportation system, including roadways, railways, and waterways, ensuring swift connections to major economic hubs. This makes the park highly competitive and an attractive investment environment for businesses.
Attractive Investment Environment
In addition to its advantageous geographic location and transportation system, Long Duc Industrial Park offers a highly attractive investment environment. The local government has implemented a range of incentive policies to support investors. These factors create significant competitive advantages for investment, production, and business operations.
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Formation and Development Process
Long Duc Industrial Park in Tra Vinh Province has experienced significant growth, guided by the local government’s vision to promote industrialization and modernization and attract new investments. In recent years, the industrial park has expanded in size, with increasingly developed infrastructure, allowing businesses to operate efficiently. This growth has not only boosted the economy but also improved the quality of life for local residents.
| Year | Area (ha) | Number of Enterprises | Investment Capital (million USD) |
| 2015 | 200 | 35 | 150 |
| 2020 | 300 | 55 | 300 |
| 2025 (planned) | 400 | 80 | 500 |
Long Duc Industrial Park is attracting a growing number of investors, contributing to the socio-economic development of Tra Vinh Province. It has become a crucial driver in the transformation of Tra Vinh’s economic structure, shifting from agriculture to industry and services.
Key Industries
Long Duc Industrial Park in Tra Vinh Province is attracting numerous businesses in key industries. It has a significant advantage with its abundant supply of agricultural raw materials. The increasing demand for consumer goods has led to strong growth in the agricultural processing and consumer goods manufacturing sectors.
Agricultural Processing Sector
Long Duc Industrial Park is home to many businesses in the agricultural processing industry. They take advantage of the region’s plentiful and high-quality agricultural raw materials. Factories process products such as cashews, rice, fruit, and coffee, meeting both domestic and international market demands.
Consumer Goods Manufacturing Sector
In addition to the agricultural processing sector, Long Duc Industrial Park also attracts numerous businesses in the consumer goods manufacturing industry. Products such as food, beverages, cosmetics, and apparel are produced here, catering to both domestic and export markets.
By effectively leveraging available resources, the key industries within Long Duc Industrial Park are thriving, contributing significantly to the economic growth of Tra Vinh Province.
Modern Infrastructure
Long Duc Industrial Park is strategically located and designed with modern infrastructure to meet the needs of businesses. These facilities provide convenience and help improve efficiency and productivity.
The industrial park is well-known for its modern transportation system, which includes:
- Wide internal roads for easy vehicle access
- Road connections to major economic and commercial centers
- Close proximity to seaports and airports, supporting import-export activities
The park also features a well-developed system of electricity, water, and telecommunications. Public facilities such as healthcare centers, hotels, restaurants, and shopping centers have been built, creating a convenient and modern working and living environment.
Long Duc Industrial Park is a potential destination with modern and synchronized infrastructure, offering a favorable business environment for companies.
Introduction to Long Duc Industrial Park, Tra Vinh Province
Long Duc Industrial Park is strategically located in Tra Vinh Province and is becoming a dynamic industrial development hub. It has attracted numerous companies in key industries.
The industrial park benefits from convenient transportation links, connecting easily to major economic centers. Combined with modern infrastructure, Long Duc Industrial Park offers an attractive investment environment.
Key industries at Long Duc Industrial Park include:
- Agricultural processing
- Consumer goods manufacturing
With attractive investment incentives and a positive working environment, Long Duc Industrial Park opens up numerous development opportunities for investors.
In summary, Long Duc Industrial Park in Tra Vinh is an ideal destination for investors looking to leverage the competitive advantages of the province. This area is contributing to the industrialization and modernization of the region.
Investment Incentives and Support Policies
The government of Tra Vinh Province has created favorable conditions for investors through a variety of incentive policies. Long Duc Industrial Park benefits from significant support, which not only attracts investment but also helps businesses grow.
Tax and Fee Incentives
Investors benefit from exemptions and reductions in taxes and fees. Businesses in Long Duc are exempt from 100% of corporate income tax for the first four years, followed by a 50% reduction for the next nine years.
Fees such as investment certificate issuance, construction permits, and factory ownership registration are also completely waived.
Support for Land and Factories4
The local government also provides support in terms of land and factory facilities. Businesses are supported with 70% of land rental costs and are exempt from land rental fees for the first 11 years. They can also access low-interest loans for building or renting factories.
| Incentive | Level of Incentive |
| Corporate Income Tax | 100% exemption for 4 years, 50% reduction for the next 9 years |
| Land Rental Fees | 11 years exemption, 70% rental support afterward |
| Fees for Certificate Issuance, Construction, and Registration | Fully waived |
With these incentives and support, Long Duc Industrial Park has become an attractive destination. Many domestic and international businesses are investing in the park.
Work and Living Environment
Long Duc Industrial Park not only features modern infrastructure but also emphasizes creating a positive working and living environment for workers. Businesses here offer a variety of amenities, such as:
- High-quality housing
- Modern schools
- Well-equipped hospitals
- A wide range of recreational facilities
These amenities not only ensure a high quality of life for workers but also help attract a skilled labor force to the industrial park.
| Amenity | Description |
| Housing | Comfortable and modern housing areas with full facilities |
| Schools | Modern preschool, primary, and secondary school system |
| Hospitals | Hospitals equipped with the latest medical technology |
| Recreation | Various recreational areas, parks, and sports facilities |
With these amenities, workers at Long Duc Industrial Park enjoy a professional working environment along with a comfortable living space. This helps boost productivity and strengthen the bond between employees and businesses.
Long Duc Industrial Park is not just a place for production and business; it is a dynamic community where workers can settle down, build a career, and thrive sustainably.
Future Development Potential
Long Duc Industrial Park has achieved many successes and holds great potential for further development in the future. Expansion and infrastructure development plans are underway, creating many attractive investment opportunities for investors.
Expansion Plans
The management board of Long Duc Industrial Park is planning to expand its area and production scale, creating new growth potential to meet the increasing demands of investing businesses.
New Investment Opportunities
With tax incentives, infrastructure advantages, and investment support policies, Long Duc Industrial Park is an attractive destination for investors, offering exciting investment opportunities for the future.
Long Duc Industrial Park presents numerous new growth opportunities for businesses, particularly in the manufacturing, processing, and logistics sectors.
Its advantages in location, infrastructure, and preferential policies, combined with expansion and development plans, will bring significant potential for growth and attractive investment opportunities in the future.
Social Responsibility and Environmental Protection
Long Duc Industrial Park focuses not only on profit but also on social responsibility and environmental protection. Businesses here participate in meaningful activities that support the local community.
To minimize environmental impact, companies have adopted various measures, including investing in advanced production technology, increasing recycling and waste management efforts, and focusing on the use of clean and renewable energy.
Additionally, businesses engage in charitable activities to support the community, such as building homes for the underprivileged, donating gifts to the poor, and sponsoring social welfare programs. These efforts improve the quality of life and strengthen the connection between businesses and the community.
Long Duc Industrial Park considers social responsibility and environmental protection as crucial elements of its sustainable development strategy.
With its commitment and concrete actions, Long Duc Industrial Park not only attracts investors but also serves as a business model aligned with sustainable development, balancing economic benefits with social responsibility.
Conclusion
Long Duc Industrial Park in Tra Vinh Province is experiencing strong growth. Its advantageous location and modern infrastructure create favorable conditions for investment. The attractive incentive policies also draw numerous investors.
A positive working environment and a commitment to environmental protection make this industrial park stand out. The area will continue to expand and enhance its competitiveness, contributing to the socio-economic development of Tra Vinh Province.
With many strengths and a solid development strategy, Long Duc Industrial Park is attracting both domestic and international investors.
Other industrial zones
- Cau Quan Industrial Park In Tra Vinh Province
- Co Chien Industrial Park In Tra Vinh Province
- Long Duc Industrial Park In Tra Vinh Province
- Ngu Lac Industrial Park In Tra Vinh Province
FAQ
Where is Long Duc Industrial Park located?
Long Duc Industrial Park is located in Vinh Hung Hamlet, Long Duc Commune, Tra Vinh Town, Tra Vinh Province. It is a key highlight in the region’s economic development.
What are the advantages of Long Duc Industrial Park?
This industrial park enjoys a strategic location, with well-developed road, rail, and waterway transportation systems, facilitating production and logistics.
The investment environment is attractive, with incentive policies and support from the local government.
How was Long Duc Industrial Park established and developed?
Long Duc Industrial Park was established and developed under the direction of Tra Vinh Province. Its goal is to promote industrialization, modernization, and attract investment. In recent years, the park has expanded its scale and improved its infrastructure.
Which industries does Long Duc Industrial Park mainly attract?
The industrial park primarily attracts businesses in agricultural processing and consumer goods manufacturing.
What is the infrastructure like at Long Duc Industrial Park?
The park has invested in modern infrastructure, including transportation, electricity, water, telecommunications, and other utilities, creating favorable conditions for business operations.
What are the investment incentives and support policies at Long Duc Industrial Park?
The Tra Vinh provincial government has implemented numerous incentives and support policies for investors, including tax and fee reductions, as well as support for land and factory facilities.
What is the working and living environment like at Long Duc Industrial Park?
The industrial park not only provides modern infrastructure but also focuses on creating a positive working and living environment. There are housing, schools, hospitals, and recreational facilities available.
What is the development potential of Long Duc Industrial Park?
Long Duc Industrial Park has already achieved significant success. Expansion and new infrastructure development plans are currently underway, offering attractive investment opportunities for investors.
How does Long Duc Industrial Park handle social responsibility and environmental protection?
The industrial park focuses on both business development and fulfilling social responsibility while protecting the environment. Companies engage in charitable activities, community support, and implement environmental protection measures.