‘The Tan Thuan Industrial Park Program was established.
Tan Thuan Export Industrial Park Program and Taiwanese CT&D Group formed the Tan Thuan IPZ Construction and Exploitation Joint Venture.
The Tan Thuan Export Industrial Park Program was changed to Tan Thuan Industrial Promotion Company Limited (IPC)
Phu My Hung Corporation was established by IPC and CT & D to construct Nha Be - Binh Chanh Boulevard (currently named as Nguyen Van Linh Parkway).
Tan Thuan Industrial Promotion Company (IPC) officially came into existence as a state –owned company with Decision 83/QĐ-UB by the HCMC people’s Committee.
The development plan of Hiep Phuoc Industrial Park with 2.000 hectares has been initiated and Hiep Phuoc Industrial Park phase 1 was implemented simultaneously with the research of dredging the Soai Rap River to form a shorter shipping route for navigation of big vessels transporting in and out of Ho Chi Minh City.
IPC has established South Saigon Development Corporation (Sadeco), which mainly aimed to carrying out the site clearance and compensation to build Phu My Hung New Urban Area, simultaneously exploiting and using the land on the outside of Phu My Hung to complete formation of Nam Sai Gon New Urban Area according to the master plan approved by Prime Minister.
IPC has operated under the “parent Company” model
Long Hau Joint Stock Company was established for the construction of Long Hau Industrial Park of 141.85 ha
The Saigon Premier Container Terminal Company (SPCT) was established by IPC and P&O Group (currently as Dubai Ports World) to construct a modern container port with capacity of 1.5 million TEU per year.
Hiep Phuoc Industrial Park Joint Stock Company (HIPC) was established after Hiep Phuoc Industrial Park phase one was equitized successfully.
The testing phase 1 of dredging of Soai Rap River Channel at -7 m/CD was carried out
Organizing an international competition on planning of Hiep Phuoc Urban - Industrual - Port area with 2.600 hectares of Hiep Phuoc Commune, Nha Be District.
Dredging of Soai Rap Navigation Channel phase 2 (At Binh Khanh Cap) to -12 m/CD
IPC has been implementing the planning and constructing infrastructure as well as calling for investments in these following projects:
• Hiep Phuoc Industrial Park - phase 3 (logistics park) with the scale of 392.89 ha and the number of labour: 11.760 peoples;
• Hiep Phuoc Downstream Port area with the scale of 384.71 ha and the number of labour: 5,000 peoples, the volume of goods about 130 million tons per year
• Hiep Phuoc Urban Area with the scale of 1,354 ha and its population is around 180,000 people