Massda - Modern IP Calls for Investment

3:26:20 PM | 7/8/2005

Two kilometres from Da Nang City and seven kilometres from Tien Sa Sea Port, with a convenient internal traffic network, Massda is an industrial park (IP) with the best infrastructure and facilities in the central region. The IP is calling for investment in the remainder of its unoccupied ten hectares.

Massda, whose investor is Masscorp Berhad (Malaysian), has its own power supply with a capacity of 20MW and a water supply station with a capacity of 15,000 cu.m/day. The telecommunication system, equipped with the French Intelsat system, can ensure three direct phone lines and one fax line for each factory.

The average acreage of a land lot in the IP ranges between 4,000 and 16,000 sq.m. The land rent is fixed at US$25 per sq.m from now until 2043, while the cost for workshop construction stays at US$65 per sq.m (excluding expenses related to machine and electricity). The electricity consumption price is VND1,020 per kwh while the cost of water and phone installation are VND4,060 per cu.m and VND850,000 per line, respectively.

Enterprises can make land rent payments as follows:

· Ten per cent after signing a land rent contract;

· Thirty per cent after receiving an investment license;

· Forty per cent after receiving land or after six months from the date the investment license is granted;

· and the remaining twenty per cent within twelve months of receiving an investment license or immediately after the factory is checked for operational readiness.

(Negotiations can be discussed in specific cases)

The management board of Massda IP will create favourable conditions for investors applying for an investment license or bank loan. The board will also help to provide a highly skilled and well-disciplined workforce.

Twenty three enterprises are reportedly operating in Massda.