Updated: June 2024

1.Investment attraction situation in Ba Ria-Vung Tau province

With synchronous infrastructure, stable human resources, administrative reform efforts and dynamism in investment promotion, in recent years, Ba Ria - Vung Tau province has always been in the group of leading localities. Leading the country in attracting foreign investment (FDI). In the coming time, the province will continue to implement the policy of selectively attracting investment, including attracting strong investment in the processing and manufacturing industry.

Accumulated by the end of 2023, in Ba Ria - Vung Tau province, there are 457 foreign investment projects with a total registered investment capital of 31,550.5 million USD; average about 68.45 million USD/project. Of which, in the industrial park there are 284 projects with a total investment capital of 13,855 million USD; Outside the industrial park, there are 173 projects with a total registered investment capital of 17,695.5 million USD.

According to data from the Foreign Investment Agency (Ministry of Planning and Investment), as of May 20, 2024, Ba Ria - Vung Tau leads the country in attracting FDI with a total registered investment capital of more than 1.52 billion VND. billion USD, accounting for 13.8% of the country's total investment capital. According to the explanation from the Foreign Investment Department, Ba Ria - Vung Tau's FDI capital has increased sharply in recent times due to the presence of a "huge" project with a total investment of 730 million USD from a multi-industry corporation. Hyosung (Korea). This is the first factory in Asia and a rare one in the world to produce BDO biofiber from raw sugar using new and modern technology.

Trends in attracting investment in the near future of Ba Ria-Vung Tau province:
Attracting investment must meet the requirements of sustainable economic development in the area, selectively attracting investment, focusing on large economic corporations from countries with modern technology. Environmental friendliness; Prioritize attracting a number of industries with advantages of the province such as: Logistics, supporting industries in mechanical manufacturing, tourism,...; Discourage projects that consume a lot of energy, use unskilled labor, and cause environmental pollution.

2. Introduction to Phu My 3 specialized industrial park

 Phu My 3 Specialized Industrial Park is 1,046 hectares wide and is divided into 3 phases. With a strategic location 2 km from Cai Mep Thi Vai deep-water port, combined with synchronous, modern infrastructure that meets international standards, Phu My 3 Specialized Industrial Park is an ideal investment place for the investors.

Phu My 3 Industrial Park belongs to Phu My Seaport Industrial Urban, Tan Thanh district, Ba Ria - Vung Tau province, located in the Southern key economic region.

The master plan of Phu My 3 Industrial Park was prepared by professional international consulting firm Nikken Sekkei Civil Engineering, with 04 main subdivisions:

· Heavy industrial park

· Multi-industry industrial park including supporting industries and ready-built factories for rent

· Port and logistics area

· Administrative area and utility services

 Operational time of the Industrial Park: 70 (seventy) years, from December 21, 2007.

3. Geographical location of Phu My 3 specialized industrial park

Distance to southern economic centers

· City. Ho Chi Minh: 60 km

· City. Vung Tau: 35 km

· City. Bien Hoa: 50 km

· City. Binh Duong: 60 km

Road:

· National Highway 51: 500 m

· National Highway 1A: 56 km

· Ho Chi Minh - Long Thanh - Dau Giay Expressway: 30 km

Airport:

· Tan Son Nhat Airport: 65 km

· Long Thanh International Airport: 30 km (expected operation: 2020)

Waterway:

· Thi Vai-Cai Mep deep-water seaport system: 4 km (80,000-120,000 DWT)

· Phu My 3 Port: located in the Industrial Park (1,000-5,000 DWT)

Cai Mep - Thi Vai deep-water port cluster has a channel depth of 14m-16.5m, capable of receiving container ships with a tonnage of over 200,000 DWT and has ship lines directly connecting with European and Asian countries. America without going through transshipment ports.

4. Attractive industries of the industrial park

Planned as Vietnam's first specialized industrial park, Phu My 3 Industrial Park (Phuoc Hoa ward, Phu My town, Ba Ria - Vung Tau province) possesses a unique position adjacent to the Cai Mep - Thi Fabric, suitable for attracting investment in heavy industry, petrochemical refining...

Heavy Industry: Petrochemical, Basic Materials, Chemicals, Construction Materials, Metallurgy, Mechanical Engineering

Multi-industry industry: Supporting industries, Textiles, footwear, Consumer goods, Medical equipment, Pharmaceuticals

Port and logistics services: Loading, unloading and counting goods, Container transshipment, Repair and maintenance, Warehousing, Bonded warehouse entry, Transportation

High technology: Information technology, automation technology, manufacturing technology, production technology

5. Investment incentives in Phu My 3 Industrial Park

Enterprises operating in Phu My 3 SIP will receive preferential corporate income tax (CIT) rates as follows:

17% applies for 10 years from the first year the business has revenue
Tax exemption for 2 years and 50% tax reduction for the next 4 years after new investment projects have taxable income
The lease term at PM3 SIP is 70 years (2007-2077), significantly longer than the normal lease term of 50 years in other industrial parks.
Land rental exemption for up to 20 years from the date PM3 SIP completes construction and comes into operation (from 2018) (exact time depends on land lot location)

6. Leased land area and rental unit price

Minimum rental area is 20,000 m2, rental price is about 210-215$/m2 depending on location and rental area. Lease term until 2077

Factory and warehouse for rent: Currently, Phu My 3 Industrial Park does not have a factory project for rent. Warehouses for rent and dry docks for rent are available. Please contact us about the rental area for more details

Transferred factories and warehouses: Currently there is no information about transferred factories and warehouses in Phu My 3 Industrial Park

Attracting investment in Phu My 3 Industrial Park

Typical investors present at Phu My 3 Industrial Park:
Ashley Home Store, Otsuka, Sadesa, Cotronic, Yoshino Gypsum, Nippon Steel Trading, Daigas, Vietnam Rare Elements Chemical, Nitori, SeaH M&S, Kobelco, Nippon Koei, Jojitz, Fuchs, Nikken.JP, Zinc Oxide Corporation, Nippon Sanso, Shirogane , Kraft of Asia Paperboard & Packaging, IGC, Alsol, Logisall, KDDI, …

For the latest updates on Phu My 3 specialized industrial park, investors please contact: (+84) 90806.9399 or wechat: hien_do163