On 03 February 2018, Tan Thuan Export Processing Zone officially inaugurated the Standard B Factory, becoming the largest high-rise factory in the Vietnamese market with a total investment of nearly 7 million US dollars. This achievement is part of the pilot plan for the high-rise factory model initiated by Ho Chi Minh City's government.
High-quality High-rise Factory
The Standard B Factory in Tan Thuan Export Processing Zone offers a leasing area of up to 22,852 square meters, consisting of 8 floors and 1 basement. With its modern architecture, this factory caters to diverse needs of investors, ranging from production within the factory to office spaces. The facility is equipped with amenities such as passenger elevators, cargo elevators, a 1-level basement parking lot, a separate building for parking, power substations, standard fire protection systems, and lightning protection systems. The factory is constructed with reinforced concrete, capable of bearing loads from 600kg to 1 ton/m2. The operation of the factory is supervised and managed by Savills Vietnam.
High-rise Factory Model - Development Trend
Although the high-rise factory model is not yet widely adopted in Vietnam, it has been extensively implemented in developed countries such as Singapore, South Korea, and Japan, where land resources are limited and labor costs are high. Tan Thuan Export Processing Zone has embraced this trend by successfully constructing 4 high-rise factories. The Standard B Factory, in particular, has already reached a 20% occupancy rate with 4 pre-signed leasing contracts even before its completion. The convenience and efficiency of high-rise factories have attracted significant attention from various industries, optimizing supply chains and increasing labor productivity.
Contributions to Economic and Environmental Development
The high-rise factories in Tan Thuan Export Processing Zone not only meet the leasing demands ranging from 500 to several thousand square meters, but also offer benefits in terms of cost optimization for production, operation, and labor productivity. Additionally, this project contributes to the effectiveness of urban planning, environmental control, and land utilization by the city's government. Mr. Tsao Chung Hung, Chairman of Tan Thuan Corporation, emphasizes the benefits of this project for the government and supporting industries.
Significance of Tan Thuan Export Processing Zone
Over the course of more than 30 years of development, Tan Thuan Export Processing Zone has been a leading destination for attracting significant foreign direct investment (FDI) in Ho Chi Minh City. Tan Thuan Corporation provides various leasing services, including land, factories, warehouses, offices, and customized construction, which have garnered considerable attention from investors.