Vietnam's industrial growth has positioned it as a significant player in the global economy, driven by open-market policies and participation in free trade agreements like CPTPP and EVFTA. The factory boom in Vietnam, often referred to as "factory Vietnam," is fueled by cost-effective production, a skilled workforce, improving infrastructure, government support, and strategic location. These factors, along with Vietnam's diversification of supply chains, have made it an attractive destination for manufacturing. This boom has created employment opportunities and contributed to socio-economic development, particularly exemplified by the growth of factory buildings for rent in zones like Tan Thuan Export Processing Zone (“Tan Thuan EPZ”).
Tan Thuan Export Processing Zone
Establishment and development of Tan Thuan EPZ
Tan Thuan Export Processing Zone (EPZ) was established in 1991, marking a significant milestone as Vietnam's first export processing zone. This pioneering project was a joint venture between Tan Thuan Industrial Promotion Company (IPC), a government state-owned enterprise in Vietnam, and Central Trading & Development Corporation (CT&D) from Taiwan. The collaboration aimed to create a modern industrial park that would attract foreign direct investment, promote export-oriented manufacturing, and contribute to the economic growth of Ho Chi Minh City and Vietnam as a whole, solidifying its position in the factory Vietnam landscape.
Tan Thuan Export Processing Zone
Located in District 7 of Ho Chi Minh City, Tan Thuan EPZ covers an area of 300 hectares. The zone was strategically developed along the Saigon River, offering logistical advantages for transportation and trade. Over the years, the EPZ has undergone continuous development and expansion, adapting to the changing needs of global and domestic investors, making it a prime example of factory Vietnam.
Key milestones and achievements
1991 - Inception: The establishment of Tan Thuan EPZ as Vietnam's first export processing zone. Initial development focused on attracting foreign investors and creating infrastructure to support manufacturing and export activities.
2000s - Growth and diversification: Significant growth in the number of tenants and diversified industries, including electronics, textiles, and machinery. Continuous improvement of infrastructure, including roads, drainage systems, and utilities, further cementing its role in the factory Vietnam ecosystem.
2010s - Modernization and sustainability:.
Tan Thuan Zone has transformed from an Export Processing Zone into a Complex Area with full functions for production and business activities to meet the requirements of domestic and foreign enterprises. At the same time, TTZ has aimed to attract investment in industries with the high surplus value, especially projects in the fields of high technology, research and development, supporting services for production and business activities, coordination centers, maintenance, product maintenance, etc.
2020s - Achievements and future prospects: Tan Thuan EPZ has attracted over 245 investors from 22 countries & territories, with Japan and Taiwan being the top foreign contributors. Recognition as a model export processing zone with a 100% occupancy rate for its industrial spaces. Future plans include further expansion and development to meet the evolving needs of high-tech and value-added industries, including more options for factory building for rent.
Tan Thuan EPZ's historical background and key milestones reflect its pivotal role in Vietnam's industrialization and economic development. Its success has paved the way for the establishment of other industrial zones and contributed significantly to the country's attractiveness as a destination for global manufacturing and investment.
Competitive advantages of Tan Thuan EPZ
Prime location
Tan Thuan Export Processing Zone boasts a strategic location in Ho Chi Minh City, one of Vietnam's most dynamic and economically vibrant cities. Situated in District 7, Tan Thuan EPZ is ideally positioned along the Saigon River, providing easy access to major transportation hubs and key markets both domestically and internationally. This prime location enhances logistical efficiency, reducing transportation costs and time for businesses operating within the zone. Proximity to significant commercial areas, such as the central business district and Phu My Hung urban area, further elevates the attractiveness of Tan Thuan EPZ for investors looking to establish a strong presence in the heart of Vietnam's economic activities. This makes it an ideal spot within the factory Vietnam landscape.
Competitive advantages of Tan Thuan EPZ
Robust infrastructure
Tan Thuan EPZ is equipped with state-of-the-art infrastructure and facilities designed to meet the needs of modern industrial operations. The zone offers high-capacity utilities, including reliable electricity supply, ample water resources, and robust internet connectivity, ensuring uninterrupted business operations. Additionally, the infrastructure includes well-maintained roads, advanced waste treatment facilities, and comprehensive telecommunications networks. These infrastructural elements are crucial for supporting the diverse requirements of various industries and contribute to the overall efficiency and productivity of businesses within the EPZ. This robust infrastructure is a key reason why Tan Thuan EPZ is a preferred choice in the factory Vietnam sector.
One-stop service
One of the standout features of Tan Thuan EPZ is its efficient administrative and support services, embodied in the one-stop service model. This model simplifies procedures for investment and operations, streamlining the process for businesses to set up and run their operations in the zone. The one-stop service includes assistance with obtaining necessary licenses and permits, navigating regulatory requirements, and accessing various government services. This streamlined approach significantly reduces the administrative burden on businesses, allowing them to focus more on their core activities and less on bureaucratic processes.This service is particularly beneficial for companies looking for a factory building for rent in a well-organized environment.
Abundant workforce
Tan Thuan EPZ benefits from access to a skilled and diverse labor pool, one of the critical factors for successful industrial operations. Ho Chi Minh City is home to numerous educational institutions, including universities, colleges, and vocational schools, which produce a steady stream of qualified graduates. This collaboration with local educational institutions ensures that businesses in Tan Thuan EPZ can recruit highly skilled and competent workers to meet their operational needs. The availability of a talented workforce is a significant advantage for companies looking to enhance their productivity and maintain a competitive edge in the market. This workforce is a crucial element that supports the factory Vietnam ecosystem.
Tan Thuan EPZ's combination of a prime location, robust infrastructure, efficient administrative services, and access to an abundant skilled workforce makes it an ideal destination for businesses looking to invest in Vietnam. These competitive advantages not only attract new tenants but also help retain existing ones, fostering a thriving industrial community within the zone.
Factory building for rent in Tan Thuan EPZ
Variety of options
Tan Thuan Export Processing Zone offers a diverse range of factory buildings for rent, catering to the varied needs of businesses. These factory buildings come in different sizes and configurations, ensuring that companies of all scales can find suitable premises. Whether a business requires a small manufacturing unit or a large-scale production facility, Tan Thuan EPZ has options to meet these needs.
FACTORY FGH
Each factory building is designed with flexibility in mind, providing customizable solutions that can be tailored to specific operational requirements. Companies can modify the internal layout, add specific features, or adjust the space to better suit their production processes. This adaptability is crucial for businesses seeking to optimize their operations and enhance efficiency in the competitive landscape of factory Vietnam.
Build-to-suit services
For companies with unique requirements, Tan Thuan EPZ offers build-to-suit services. This service allows businesses to have factory buildings constructed according to their specifications.
The process begins with detailed consultations to understand the business's requirements, followed by the design and construction of the factory building. This approach saves tenants time and cost in investment.
By providing both a variety of pre-built factory buildings and tailored construction services, Tan Thuan EPZ ensures that every business can find or create the perfect space for their operations. This flexibility and commitment to meeting tenant needs make Tan Thuan EPZ an attractive destination for companies looking to establish or expand their manufacturing presence in Vietnam.
Tan Thuan Export Processing Zone offers significant advantages for businesses, including a strategic location in Ho Chi Minh City, robust infrastructure, efficient administrative services, and an abundant skilled workforce. The variety of factory buildings for rent and customizable build-to-suit services ensure that companies can find or create the perfect space for their operations. With over 254 investors from 22 countries & territories, Tan Thuan EPZ plays a pivotal role in the factory Vietnam landscape. We encourage potential investors and tenants to explore the opportunities at Tan Thuan EPZ and join its thriving industrial community.
Contact now:
- Phone: 0901 821 669
- Email: marketing@tanthuan.com.vn
- Website: tanthuan.com.vn