Construction of Tan Duc Residential-Industrial-Services area (Phase 2) begins

The ceremony was attended by Mr. Truong Van Tiep, Party Secretary of Long An province; Mr. Ngo Manh Hop, Head of Export Processing and Industrial Zones Department-Government Office, Mr. Duong Quoc Xuan, President of Long An Provincial People‘s Committee and representatives from different authorities of Ho Chi Minh City, Long An province and companies in Tan Duc Industrial Park.
Tan Duc Industrial Park, established under the Decision No: 591/CP-CN, signed by the Prime Minister on 6 May 2004, with a total area of 546.5 ha, has been invested in by Ho Chi Minh City-Tan Tao Industrial Park, and by Tan Duc Investment JSC-a subsidiary of Tan Tao Group which is regarded as a successful group in the investment and management of professional Industrial Parks. The project is to be implemented in 2 phases:
Phase 1: 275.39 ha, in which 183.5 ha is for factory plants’ construction.

Phase 2: 271.2 ha, in which 187.46 ha. is for factory plants’ construction

Mr. Thai Van Men-General Director of Tan Tao Group gave a speech at the groundbreaking ceremony.

The groundbreaking Ceremony

Industrial Park is located conveniently along the Provincial Roads 830, 824, 825 (Road 10), about 30 km from Ho Chi Minh City, sided by Vam Co Dong river (Container Port) passing through to the South China Sea and Mekong Delta Rivers provinces all of which provides the big advantage of canal transportation.
At the present time, during phase 1, Tan Duc JSC has invested and accomplished its infrastructure construction, it has attracted 61 domestic investors and 18 foreign investors with 90% of land ready for factory plants’ construction. The total registered capital is VND 1,200 billion and USD 45.8 million. Five companies are already in operation and 45 factory plants are currently in construction. It is expected that 30 companies will come into operation at the beginning of year 2008 with 5.000 employees.
In order to create favorable conditions for investors to operate their factories out of Tan Duc Industrial Park, Tan Duc Investment JSC currently develops ready to use 25 ha. pre-constructed factory plants. These come in 2 forms: leased, and leased with option to buy. By the time phase 1 has been fully completed, Tan Duc Industrial Park will have created about 100,000 jobs.
Investment capital of the Industrial Park in the phase 2 is VND 994 billion for the 271.2 ha. area. It is expected to attract between 100 and 150 businesses.
Investment capital for the construction of the residential area in phase 2 is VND 5,840 billion (a 384 ha scale). The construction will provide housing for workers and a high-class urban area. Furthermore, a University will be established in the residential area and expected to enroll students by 2011 with an annual intake of 3,000 students.
Hopefully, along with its own various advantages available and the support of the Government, local authority, youth potential and staff‘s’ vigor, enthusiasm and abilities, the Industrial-Residential-Services will achieve a strong and stable future.

Mr. Truong Van Tiep, Party Secretary of Long An province and Mr. Men raised flag in the land breaking ceremony.

Mr. Duong Quoc Xuan, President of Long An Provincial People ‘s Committee at the land breaking ceremony.

Dozens of bulldozers, ben, digging machines arrive at the construction site

Congratulations with champagne