Tan Hung Industrial Park in Bac Giang Province

Key Points

• Tan Hung Industrial Park is a modern industrial manufacturing center in Northeast Vietnam.
• Strategic location and advanced infrastructure attract numerous investors.
• Attractive incentive policies create competitive advantages.
• The development of Bac Giang’s industrial zone contributes to the industrial growth of Bac Giang.
• It has become an ideal destination for both domestic and foreign investors.

Prime Location of Tan Hung Industrial Park

Tan Hung Industrial Park is situated on National Highway 1A and adjacent to National Highway 31. This location facilitates easy connections for businesses to major economic centers, such as Hanoi, Hai Phong, and neighboring provinces.

Convenient Transportation

The location of Tan Hung I.P offers transportation advantages, ensuring smooth traffic connections. Vehicles can easily transport goods, raw materials, and labor to and from the industrial park.

Modern Infrastructure

The infrastructure of Tan Hung I.P is uniformly and modernly developed. The industrial park has all the essential utilities, including electricity, water, telecommunications, and warehouses. This creates favorable conditions for production and business activities.

Vị Trí Địa Lý Ở Bắc Giang

Development Potential of Tan Hung Industrial Park

Tan Hung Industrial Park has many advantages to attract investors. Situated in Bac Giang Province, this industrial park boasts a favorable geographical location and modern infrastructure. Additionally, it benefits from numerous attractive policies from local authorities.

Tan Hung I.P also has the significant advantage of a plentiful labor supply from Bac Giang and neighboring provinces. The workforce possesses increasingly high skill levels, which will enhance the park’s competitiveness and robust development.

Tan Hung I.P offers numerous advantages in geographical location, infrastructure, labor supply, and incentive policies. This makes it an attractive destination for investors. This industrial park will contribute to the economic development of Bac Giang Province and will focus on processing and manufacturing industries, further boosting the province’s growth.

Attractive Incentives and Policies

Tan Hung Industrial Park in Bac Giang Province has implemented numerous incentive policies to attract investors. These incentives make the industrial park more appealing.

Tax Incentives

Tax incentives at Tan Hung I.P include:

• Exemption from corporate income tax for the first four years.
• A 50% reduction in corporate income tax for the next nine years.
• Import tax incentives for machinery, equipment, and raw materials used in production.

Investment Support Policies

The Bac Giang Provincial Government has implemented various investment support policies to help Tan Hung I.P develop:

1. Support for technical infrastructure and factory construction.
2. Training and development of high-quality human resources.
3. Legal consulting and investment procedure assistance.

With tax incentives and support policies in place, Tan Hung I.P has become appealing to many investors, who are encouraged to invest here.

Favorable Business Environment

Tan Hung Industrial Park not only offers attractive incentives and policies but also features a highly favorable business environment. The abundant and high-quality labor force is a critical factor.

Abundant Labor Supply

Bac Giang Province, where Tan Hung I.P is located, has the advantage of a rich labor supply. This populous area has many workers with suitable skills and expertise, making it easier for businesses to invest in Tan Hung I.P.

Tan Hung I.P boasts a plentiful and high-quality labor force, with a high ratio of skilled workers, reasonable salary costs, and high productivity. Compared to other industrial parks in Vietnam, this is a strong advantage.

Priority Industries

Tan Hung Industrial Park in Bac Giang Province is experiencing strong growth, focusing on key industries such as processing, manufacturing, high-tech production, electronics, mechanical engineering, and construction materials. These sectors align well with the area’s labor and infrastructure advantages.

The industries concentrated here have significant potential and benefit from attractive incentives and policies from local authorities.

Processing and Manufacturing Industries

Processing and manufacturing are key production sectors within Tan Hung I.P. Investors can leverage modern infrastructure, abundant labor, and attractive policies to develop projects in sectors such as:

• Production of electronic components and equipment
• Manufacturing of precision mechanical products
• Production of high-quality construction materials
• Production of high-tech products

Thanks to the advantages of Tan Hung I.P, businesses have opportunities to expand production, increase productivity, and enhance their competitiveness in the market.

Notable Investment Projects

Tan Hung I.P has attracted many investment projects from large corporations. Reputable enterprises investing in this industrial park enhance its profile and attractiveness.

Notable investment projects at Tan Hung I.P include:

• Electronic component manufacturing factory by Foxconn
• Fabric processing factory by Everpia
• Automotive component manufacturing factory by Bosch
• Textile fiber manufacturing factory by Hyosung

Investments from Foxconn, Everpia, Bosch, and Hyosung have established the position of Tan Hung I.P, creating job opportunities and promoting the socio-economic development of Bac Giang Province.

Reputable enterprises investing in Tan Hung I.P create a competitive investment environment, attracting many new investment projects in the future.

Functional Areas Within the Industrial Park

Tan Hung Industrial Park is divided into several functional areas, including production zones, logistics service areas, administrative areas, and offices. The production zone is the largest, hosting numerous factories and enterprises.

Production Zone

The industrial production zone in Tan Hung is modernly invested, meeting the production needs of enterprises. With good infrastructure, this area helps investors develop their production activities.

Logistics Support Area

The logistics service area is equipped with utilities such as warehouses, ports, and transportation services, supporting business operations and enhancing production and business efficiency.

Other industrial zones

• Dinh Tram Industrial Park In Bac Giang Province
• Hoa Phu Industrial Park In Bac Giang Province
• Quang Chau Industrial Park In Bac Giang Province
• Song Khe – Noi Hoang Industrial Park In Bac Giang Province
• Tan Hung Industrial Park In Bac Giang Province
• Van Trung Industrial Park In Bac Giang Province
• Viet Han Industrial Park In Bac Giang Province
• Yen Lu Industrial Park In Bac Giang Province
• Yen Son – Bac Lung Industrial Park In Bac Giang Province

FAQ

Where is Tan Hung Industrial Park located?

Tan Hung Industrial Park is situated in Bac Giang Province. It is one of the modern industrial centers in the Northeast region.

What are the advantages of the industrial park’s location?

Tan Hung I.P has a strategic location on National Highway 1A and near National Highway 31, facilitating easy connections to major economic centers.

How modern is the infrastructure of the industrial park?

The industrial park features modern infrastructure, fully equipped with utilities such as electricity, water, telecommunications, and warehouses.

What competitive advantages does the industrial park offer?

Tan Hung I.P offers many competitive advantages, including a strategic location, modern infrastructure, and a plentiful labor supply. Attractive incentive and support policies also play a significant role in attracting many investors.

What investment incentives and support policies are available at Tan Hung I.P?

The Bac Giang Provincial Government has implemented numerous incentive policies, including exemptions and reductions in corporate income tax, infrastructure support, and human resource training. These competitive incentives attract investors.

What is the business environment like at Tan Hung Industrial Park?

Tan Hung I.P features a favorable business environment, with an abundant and high-quality labor supply suitable for various industries. Notably, there are many skilled workers, which benefits businesses in processing and manufacturing.

What industries are prioritized at Tan Hung I.P?

Tan Hung I.P focuses on key industries such as processing, manufacturing, high-tech production, electronics, mechanical engineering, and construction materials, aligning with the region’s advantages in labor and infrastructure.

What notable investment projects have been attracted to Tan Hung I.P?

Tan Hung I.P has attracted many notable investment projects, including an electronic component manufacturing plant by Foxconn and a fabric processing plant by Everpia. The presence of reputable companies enhances the profile of this industrial park.

How is Tan Hung I.P planned?

Tan Hung Industrial Park is planned into functional areas, including industrial production zones, logistics service areas, administrative areas, and offices. The production zone occupies a significant area, focusing on manufacturing and production enterprises, while the logistics service area is equipped with warehouses, ports, and transportation facilities.