Industrial Zones Mushroom in Tien Giang
To create clean land fund and infrastructure for industrial zones, Tien Giang province is implementing a number of important economic projects and appealing for domestic and foreign investment.
Giving priority to industrial development
In 2009, Tien Giang province’s economy obtained a growth rate of 9.2 percent. Tien Giang’s industry, with a growth rate of 15.4 percent, has been dynamically developing, with a dramatic breakthrough in industrial production value. Industrial production value rose 17.3 percent per year in the period from 2001 to 2005 and 28.7 percent per year in the period from 2006 to 2009, bringing more than VND7.2 trillion in 2009.
The province attracted foreign direct investment (FDI) capitalized at US$35.5 million in three industrial projects. Tran The Ngoc, chairman of Tien Giang province’s People’s Committee said that the province was giving priority to enlarging industrial zones and urban zones with supporting industries and luxury services. Tien Giang province would also enhance cooperation with other provinces in the key southern economic region.
With abundant and varied agricultural products, Tien Giang province has been focusing on developing its processing industry to solve output problems, supplying materials for other industries and contributing to the province’s industry development. Key industries include aquatic product processing and cattle-feed which accounts for 72.5 percent of the province’s industrial production value. In 2009, 128,000 tonnes of aquatic products were processed, accounting for an export turnover of US$261 million. 410,000 tonnes of cattle-feed were produced.
Tien Giang province is known as a fruit producing province; and the fruit and vegetable processing industry has been vigorously developing; productivity reached more than 9,000 tonnes. Tien Giang’s garment production is the most developed in Mekong River Delta with more than 10,000 laborers and an export turnover of US$70 million in 2009. Many of the enterprises, such as Nam of London and the Tien Tien Garment Joint Stock Company can manage production themselves from design, to production and sales. By the end of 2009, 7,500 enterprises had attracted 53,300 permanent workers and ten thousand seasonal laborers.
Industrial zones mushroom
Tien Giang province is located in a very favorable position. It is 70 km far from Ho Chi Minh City to the south, and 100 km far from Can Tho to the north. Major transport routes cross the province including Highway 1A, Highway 60, the Sai Gon-Trung Luong Highway, Trung Luong-My Thuan Highway, and Highway 30, connecting Tien Giang to Ho Chi Minh City and the provinces in the south eastern region and Mekong Delta. In addition, Tien Giang’s river system includes the Tien River, Vam Co River, Soai Rap River, and Cho Gao Canal. Thanks to its position, Tien Giang is thought of as the south western provincial gateway to Ho Chi Minh City and south eastern provinces by land, waterways and sea.
Thanks to a continually improving investment environment, Tien Giang has attracted numerous investment projects. In addition to the fully rented My Tho industrial zone, there are four industrial zones under construction including Trung An industrial zone (entire area of 17.5 ha rented), An Thanh industrial zone (entire area of 10 ha rented), Tan My Chanh (95 percent of 23.5 ha hired) and Song Thuan industrial zone for small and medium-sized enterprises (57.9 ha, which has nearly attracted enough secondary investors).
To meet the rental demands of secondary investors, Tien Giang finished constructing the infrastructure for the Tan Huong industrial zone product, situated on 197 ha (17.02 percent of area rented) and 540 ha Long Giang industrial zone, which is calling for investment. The Petroleum Service industrial zone project has been approved. The Tan Phuoc 1 industrial zone project has been publicized. Detailed projects of four industrial zones for small and medium-sized enterprises have been agreed including the Tam Hiep industrial zone (160 ha), Binh Dong industrial zone (212 ha), Gia Thuan industrial zone (474.7 ha) and An Thanh 2 industrial zone (34 ha). Two industrial zones for small and medium-sized enterprises have been submitted for approval and include Cho Gao industrial zones (38.74 ha) and Binh Ninh industrial zone (14.6 ha).
Dang Thanh Liem, the director of the Tien Giang province Department of Industry and Trade, said: “We are clearly aware of the importance of supplying enough land funds for investors to realize their capital; so therefore, we are paying special attention to industrial zones and industrial zones for small and medium-sized enterprises, to ensure infrastructure for long-term investment.”/.
Tags: Industrial zones in Tien Giang, Tien Giang Industrial zones, Vietnam Infrastructure, Vietnam industrial zones
Posted by VBN on Mar 8 2010. Filed under Infrastructure. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
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