Tan Thuan Zone is the first Export Processing Zone (“Tan Thuan EPZ”) in Vietnam, established in 1991. After over 30 years, it has attracted 254 enterprises from 22 countries (as of 31 May 2024), with registered capital of about USD 2.403 billion (as of 31 May 2024).
In recent years, Tan Thuan Export Processing Zone has been transitioning its planning and development towards an eco-friendly industrial park model, emphasizing sustainability and providing comprehensive amenities for investors and workers.
Following that transition, Tan Thuan EPZ is now targeting to attract high-tech, supporting high-tech and high-added value industry projects.
Overview Of Tan Thuan EPZ - Ho Chi Minh City
Established by the joint venture between Tan Thuan Industrial Promotion Company Limited (IPC), under Ho Chi Minh City People's Committee and Central Trading & Development Corporation (CT&D) from Taiwan. Tan Thuan Export Processing Zone is Vietnam's first Export Processing Zone constructed in 1991. Over the past 30 years of construction and development, Tan Thuan Corporation has transformed "the Nha Be then swamp" into a modern industrial park located in the center of the most dynamic city in Vietnam.
Amidst the current scarcity of available land in the city, operational industrial parks like Tan Thuan EPZ continue to serve as the backbone of the industrial sector, maintaining its pivotal position in the economic landscape and contributing to the broader development in Vietnam.
Prime Location of Tan Thuan EPZ
Situated at the heart of Ho Chi Minh City, at Tan Thuan Dong Ward, District 7 Tan Thuan EPZ boasts an exceptionally prime location, marking it as the top advantage for investors. Ho Chi Minh City's strategic position in Southeast Asia amplifies TTZ's significance, serving as a central hub within the vibrant economic landscape of the region.
Tan Thuan EPZ’s central location in the inner city of Ho Chi Minh City ensures unparalleled connectivity:
- Adjacent to Nguyen Van Linh Road
- Just 2km from Phu My Bridge
- A mere 4km from Ho Chi Minh City's bustling center
- Only 2km from the vibrant new urban area of Phu My Hung
- A stone's throw away, just 1km from Tan Thuan Port
- Conveniently located 4km from Ben Nghe Port
- Merely 8km from Saigon Port
- Within close reach, just 8km from Cat Lai Port
- Only a short 13km journey from Tan Son Nhat International Airport
This exceptional positioning makes Tan Thuan EPZ a vital commercial bridge, seamlessly connecting key trade routes and facilitating efficient logistics. Its proximity to major ports and transport hubs not only enhances trade efficiency but also underscores its role as a pivotal gateway for businesses looking to capitalize on the dynamic opportunities within Ho Chi Minh City and beyond.
Scale and Potential of Tan Thuan EPZ
Established in 1991, Tan Thuan EPZ spans across an expansive 300-hectare area, showcasing a substantial initial investment capital of $89 million. With an estimated workforce of 60,000 individuals, the zone proudly hosts over 254 invested companies.
Future Development Outlook for Tan Thuan EPZ
Driven by a vision of innovation and sustainability, Tan Thuan EPZ is embracing a transformative journey towards becoming a high-tech hub. By adopting proven successful models from Taiwan, the Zone aims to optimize land utilization to develop Factories, Warehouses, and Offices for lease; foster premium investment opportunities, attract cutting-edge technology investments and further enhance the development in Vietnam.
Assessment of Future Development Prospects
Amidst the global trend of investment diversification away from China, Vietnam emerges as a prime destination. Tan Thuan EPZ, alongside other industrial zones in Ho Chi Minh City, stands poised to capitalize on this momentum, attracting significant FDI influx over the 2020-2025 period.
Embracing a comprehensive industrial park paradigm, Tan Thuan EPZ envisions a sustainable future, offering a conducive environment for high-tech ventures, sizable investments, and value-added products, all while championing clean industries and a skilled workforce.
In conclusion, Ho Chi Minh City currently operates 17 out of 19 industrial parks, employing over 252,000 workers. Unleashed parks will prioritize attracting new investment projects, while financial support schemes aim to facilitate technology innovation and relocation within active industrial zones.
Investing in Tan Thuan EPZ represents a prudent choice due to its established industrial infrastructure, strategic location, and commitment to preserving its industrial character. With a track record of hosting numerous investment projects and providing employment opportunities for tens of thousands of workers, Tan Thuan EPZ offers a stable and conducive environment for business growth. Moreover, amidst plans for transitioning towards high-tech industries and sustainable development, investing in Tan Thuan EPZ aligns with the city's vision for innovation and economic advancement, making it a wise and forward-thinking investment decision.