Thien Tan Industrial Cluster in Dong Nai Province
Thien Tan Industrial Cluster is an important industrial zone in Dong Nai, Vietnam. It was established in 2011 and has become an attractive destination for domestic and foreign businesses. The favorable geographical location, modern infrastructure, and incentive policies are key reasons for this attraction, leading to significant investment in the cluster.
Key Highlights of Thien Tan Industrial Cluster
- Strategic location, conveniently situated near major transportation routes.
- Abundant human resources and convenient transportation infrastructure.
- Attractive investment incentives regarding taxes, fees, and workforce training.
- Favorable business environment with numerous enterprises and notable projects.
- A green, clean, and beautiful landscape and living environment.
Geographical Location of Thien Tan Industrial Cluster
Thien Tan Industrial Cluster is located in Thien Tan Commune, Vinh Cuu District, Dong Nai Province. It is approximately 20 km from the center of Bien Hoa City. Major transportation routes such as National Route 51, Hanoi Highway, and the Long Thanh International Airport surround this industrial cluster, facilitating connectivity and transport.
Convenient Connections to Major Transportation Arteries
The advantageous geographical location enables Thien Tan I.C to easily access key transportation routes, including:
- National Route 51: Connecting Dong Nai with eastern provinces and Ho Chi Minh City.
- Hanoi Highway: Allowing quick access to northern provinces.
- Long Thanh International Airport: Under construction, it will be an important aviation gateway.
Due to its geographical location and convenient transportation connections, Thien Tan I.C attracts many businesses looking to expand their production and operations.
Overview of Thien Tan Industrial Cluster in Dong Nai Province
Thien Tan Industrial Cluster is a significant industrial area in Dong Nai Province, located in the southern key economic region. It is an attractive destination for both domestic and foreign investors due to its favorable geographical location and modern amenities.
Thien Tan I.C covers a total area of 281 hectares, of which 234 hectares are designated for industrial land. This area is well-planned and developed in a synchronized manner. The infrastructure system meets international standards, facilitating investor operations.
Information | Details |
Total Area | 281 hectares |
Development Status | Synchronized, meeting international standards |
With geographical advantages and modern infrastructure, Thien Tan I.C is becoming an ideal destination for businesses wishing to expand their operations in Vietnam.
Potential and Advantages of Thien Tan Industrial Cluster
Thien Tan Industrial Cluster in Dong Nai Province possesses numerous advantages, attracting both domestic and foreign investors. Abundant human resources and modern transportation infrastructure are the two key factors.
Abundant Labor Force
Thien Tan I.C is situated in a densely populated area, providing a rich and diverse labor supply. The workforce here is well-trained and skilled, meeting the demands of businesses. This represents a significant competitive advantage.
Convenient Transportation Infrastructure
Thien Tan I.C has a prime geographical location, being close to key transportation routes such as National Route 1A, National Route 51, and Long Thanh International Airport. The developed road, rail, and air transport systems provide a convenient advantage for logistics. This helps businesses save on logistics costs and enhances competitiveness.
Thien Tan I.C possesses all the necessary factors to become an attractive destination for industrial investors. With abundant labor and modern transportation infrastructure, the potential of Thien Tan I.C is immense, creating a strong attraction for investors.
Main Industries in Thien Tan Industrial Cluster
Thien Tan Industrial Cluster, located in Dong Nai Province, attracts numerous investors. Its strategic location and convenient transportation make this area appealing. Key manufacturing sectors in Thien Tan include:
- Automotive manufacturing and components
- Electronics
- Textiles
- Electrical equipment manufacturing
- Mechanics
- Food and beverage processing
These industries create job opportunities and income for the local population while also boosting the economy of Dong Nai Province and the Thien Tan I.C.
Industry | Proportion in Thien Tan Industrial Cluster |
Automotive Manufacturing | 25% |
Electronics | 20% |
Textiles | 15% |
Electrical Equipment Manufacturing | 12% |
Mechanics | 10% |
Food and Beverage Processing | 8% |
Thien Tan I.C features diversity and significant proportions across various sectors, making it an attractive destination for both domestic and international investors.
Investment Incentives in the Region
Thien Tan I.C in Dong Nai Province is attracting many investors due to its appealing investment incentive policies. These incentives not only draw capital but also help businesses thrive.
Tax and Fee Incentives
Investors in Thien Tan I.C can benefit from the following tax incentives:
- Exemption from corporate income tax for the first 2-4 years, depending on the project’s scale.
- A 50% reduction in corporate income tax for the next 4-9 years.
- A full refund of registration fees when purchasing land or factories.
Human Resource Training Support
In addition to tax incentives, Thien Tan I.C also offers quality human resource training support:
- A 50% subsidy on training costs for businesses during the investment phase.
- Connecting and providing a skilled workforce to meet investor needs.
- Organizing advanced skill training courses for workers.
These incentive policies create a promising investment environment in Thien Tan I.C. Many businesses are being attracted to expand their production and operations.
The investment incentive policies in Thien Tan I.C have created an attractive business environment, drawing numerous investors to expand their operations.
Favorable Business Environment
Thien Tan Industrial Cluster offers a conducive business environment for companies. Businesses can operate effectively thanks to comprehensive infrastructure, with electricity, water, telecommunications, and logistics adequately provided.
Consequently, businesses save on costs and time, allowing them to focus on enhancing their competitiveness. The favorable business environment at Thien Tan I.C is a critical factor.
Thien Tan I.C is indeed an ideal location for startups and business development, with synchronized infrastructure and optimal support services.
The tax incentive policies and human resource training support contribute to a favorable business condition. Support packages from local authorities also help businesses thrive.
Notable Projects and Companies in the Industrial Cluster
Thien Tan I.C in Dong Nai Province attracts many businesses from around the globe. Major investment projects here include automotive manufacturing plants, electronics components, and tire production.
Prominent Enterprises
- Hyundai Mobis – the world’s leading automotive parts supplier
- Denso – the largest manufacturer of automotive and electronics components in Japan
- Panasonic – a renowned multinational electronics corporation
- Bridgestone – the largest tire and rubber manufacturer in the world
Major Investment Projects
These corporations have invested in large manufacturing plants at Thien Tan I.C. The ongoing major investment projects at Thien Tan include:
Project | Sector | Scale |
Hyundai Mobis automotive manufacturing plant | Automotive Components Manufacturing | $500 million |
Denso electronic components manufacturing plant | Automotive Electronic Components | $300 million |
Bridgestone tire manufacturing plant | Tire Production | $400 million |
With the presence of these top global corporations, the Thien Tan I.C is solidifying the area’s potential. They have made Vietnam increasingly significant in the industry.
Conclusion
Thien Tan Industrial Cluster in Dong Nai Province is an attractive destination for investment, driven by its strategic location, modern infrastructure, and incentive policies. Thien Tan I.C will continue to be an excellent choice for investors looking to expand their production and business in Vietnam.
The geographical location, convenient transportation infrastructure, abundant labor supply, and incentive policies are advantages. The conclusion regarding Thien Tan I.C indicates that it is a leading investment destination. Businesses here have succeeded, promoting the socio-economic development of Dong Nai Province.
Thien Tan I.C will remain a highlight in Vietnam’s industrialization, attracting many domestic and foreign investors eager to explore and leverage opportunities here.
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FAQ
Where is Thien Tan I.C located?
Thien Tan I.C is located in Thien Tan Commune, Vinh Cuu District, Dong Nai Province.
What are the advantages of Thien Tan I.C?
Thien Tan I.C boasts a favorable strategic location, close to major transportation routes such as National Route 51, Hanoi Highway, and Long Thanh International Airport. It has an abundant and quality labor supply, along with modern transportation infrastructure.
What is the area of Thien Tan I.C?
Thien Tan I.C has a total area of 75 hectares.
What are the main industries in Thien Tan I.C?
Thien Tan I.C attracts several key industrial sectors, such as automotive manufacturing and components, electronics, textiles, electrical equipment manufacturing, mechanics, and food and beverage processing.
What investment incentives does Thien Tan I.C offer?
Thien Tan I.C provides various attractive incentive policies, including tax and fee exemptions, and support for high-quality human resource training.
What notable companies and projects are in Thien Tan I.C?
Thien Tan Industrial Cluster has attracted many large enterprises, including Hyundai Mobis, Denso, Panasonic, and Bridgestone. There are several major investment projects, such as automotive manufacturing, electronic components, and tire production.