Phu Tai and Long My industrial parks, invested by Binh Dinh Investment and Construction Joint Stock Company, are located on a combined area of 453 ha in Quy Nhon City of Binh Dinh province. With convenient traffic, good infrastructure and open investment policies, the two industrial parks have become attractive destinations for investors.
Phu Tai Industrial Park was established in accordance with the Prime Minister's Decision No. 1127/QD-TTg dated December 18, 1998 with an initially planned area of 188 hectares and capital investment of VND166.315 billion. The industrial park, with a current area of over 340 ha, is located in Tran Quang Dieu and Bui Thi Xuan wards in Quy Nhon City, on the intersection of National Road 1A and National Road 19. The park is about 10 km from Quy Nhon Port, 3 km from Dieu Tri Railway Station, 25 km from Phu Cat Airport; thus, it has many advantages in domestic and international cargo transportation.
To date, Phu Tai Industrial Park has 101 investment projects, including 38 export forest product processing projects, 11 export granite processing projects, nine carton and paper production projects, seven building material production projects, and many others. The total registered capital of 75 enterprises with established projects is VND880 billion, including 59 operational projects with a registered investment capital of VND520 billion.
Phu Tai Industrial Park has functional offices like public administration, customs and tax agencies to support investors. Banks, bonded warehouses, hotels, entertainment and other services are also available for enterprises and workers.
The 210-ha Long My Industrial Park, situated in My Phuoc Commune, Quy Nhon City, is about 3 km from Phu Tai Industrial Park. To date, the investor has begun the 110-ha first phase and attracted 22 projects to lease 81 percent of the available area. At present, 10 projects are in operation, including one foreign-invested project. Operational projects have created jobs for about 3,000 workers. The park investor is completing necessary procedures for the 100-ha second phase.
Mr Vuong Phieu Linh, General Director of Binh Dinh Investment and Construction Joint Stock Company, said: The two industrial parks have easy access to roads, railways, airports and waterways, and have simple, clear investment procedures. At present, the real land rental is just 30 US cents per square metre a year, although the rate is quoted at 60 cents.
Hong Ha
Vietnamese
