On May 23, 2022, Tin Nghia Industrial Park Development Joint Stock Company (HOSE: TIP) officially celebrated its 20th anniversary. Over 20 years of operation with many challenges, from a controlled accounting business unit known as Tam Phuoc Industrial Park Development and Service Enterprise engaging merely 15 labours with almost nothing of material and technical facilities, TIP has now been a listed company on the Ho Chi Minh Stock Exchange (HOSE).
TIP currently has six subsidiaries, affiliates and ventures featuring total asset value of approximately 2,000 billion VND. The company is focusing on developing infrastructure of industrial parks (IPs), residential estates... just as its name states "Development of Industrial Parks".
To obtain what of its of today, the first mention involves the collective labor including the corporate management, officers and employees, a united dynamic enthusiastic and responsible team of TIP. This is the most valuable asset associated with the success of the company. A suitable and correct development strategy to create opportunities for good people to challenge themselves and develop together with a leadership and corporate culture embedded in a unique characteristic of Tin Nghia Corporation all made up a stable foundation to attract high-quality human resources.
Under Tin Nghia's business culture, the word "Trust" is always put ahead when dealing with partners, customers, authorities and interested parties. Besides the business philosophy, the business strategy already determined by the leaders of Tin Nghia Corporation as a guideline for all activities of Tin Nghia Group, Tin Nghia corporate culture has gradually formed creating a very good impression to customers and society. The word "Gratitude" has been expressed in a very practical and close way to head towards the community, towards the common prosperity of the whole society.
Located in the southern key economic region featuring a dynamic economic development attracting many domestic and foreign industrial investment projects, TIP has gained many advantages in the business of industrial estate infrastructure. Tam Phuoc Industrial Park together with An Phuoc Industrial Park, Long Duc Industrial Park and Long Thanh Industrial Park, have all formed a system of large-scale concentrated industrial parks located along National Highway 51. Associated with Tam Phuoc residence, the Tam Phuoc new urban estate and Long Thanh town sources labor and other issues related to the IP. Thanks to such advantages, TIP’s infrastructure has, since the completion phase, been quickly put into operation, where in 2007 the entire area of the IP was filled. Tam Phuoc IP became one of the fastest growing industrial estates with fastest investment pace in the country in general and Dong Nai province in particular.
In addition to operating industrial park infrastructure, does TIP develop the project known as Tam Phuoc Residence and Resettlement Estate (located adjacent to Road No. 2 of Tam Phuoc Industrial Park) featuring a Residence in area of 16.47 ha. Tam Phuoc Residence is a modern residential estate located in the overall Tam Phuoc 210 ha residential area which has been planned by the Bien Hoa authority in order to meet the immediate housing needs and long-term development of Bien Hoa city under expansion scheme in the future. This is a project featuring modern infrastructure, harmonious environmental landscape, all contributing to improving housing conditions for workers, residents and managers in the area.
In addition to the above operations creating a main and stable revenue does TIP has a number of other sources of income stemming from leasing kios and commercial offices, market, waste collection, environmental consulting, construction. Specifically, as far as the Tam Phuoc Market project is concerned, the market was completed and put into operation in 2018 hosting 200 business bays located in an area of 8,500 m2. This contributes to bringing Tam Phuoc ward, Bien Hoa city up to the New Countryside standard.
The development of industrial estates has magnated a large number of workers living and working in Dong Nai province in general and in the vicinity of Tam Phuoc Industrial Park in particular, thereby the housing needs increased as well. To meet the above problems, TIP has developed a policy of building works of service and utility for workers in the industrial park. This does help to limit the situation of street vendors causing insecurity, affecting the environment and landscape of the industrial park. The work involving kios and commercial offices with a total area of 9,661.1 m2 have so far been completed and put into operation.
Besides, the projects under implementation in this period include Dau Giay Wholesale Market invested by Thong Nhat Real Estate Joint Stock Company (TIP owns 59.21% of charter capital). By design, the market with a scale of about 50ha, divided into 2 phases: Phase 1 features an area of about 2 hectares, hosting 216 business bays and 256 townhouses with a total investment of 309.5 billion VND. Phase 2 features an area of 48ha with an estimated total investment of about 2,280 billion VND.
Long Khanh Industrial Park project developed by Long Khanh Industrial Park Joint Stock Company (TIP owns 19% of charter capital) is being developed and for lease with an overall size of 256 hectares, of which the land area for lease is about 177.31 ha with total investment of 621 billion VND.
Dong Dai Mountain Residence project invested by Phuoc Tan Trading & Construction Joint Stock Company (TIP owns 40% of charter capital) in a total area of 156.53 ha, including 670,215 m2 of residential land; 139,898 m2 of resettlement land, 141,754 m2 of commercial and service land, land for schools, healthcare, traffic, trees in area of 753,338 m2 with a total investment of 5,365 billion VND.
In addition, TIP is targeting other potential projects, seeking investment in industrial estates and residential estates projects, including financial investment and cooperation in projects under the same industry. In the short run, special priority will be given to projects in Dong Nai province and neighboring provinces.
Apart from its effective business operations, TIP always devotes resources and priority to community activities. TIP believes that social responsibility would bring positive and long-lasting changes to the community, thereby contributing to the development of the country. Social responsibility programs are necessary and prerequisite activities for the sustainable development of TIP. In recent years, TIP has actively maintained social support activities as well as organized many loving charity trips for the community.
Inheriting and promoting the results achieved over 20 years of establishment and development, in the following years TIP promotes searching for new investment projects to expand the scope and scale of operations. Especially to complete legal procedures for projects with investment policies and technical infrastructure construction to soon put them into operation. Along with increasing charter capital from 260 billion VND up to 650 billion VND. TIP believes that TIP would have enough strength and ability to continue " durably reaching out" in the coming time.