Located on Tan Thanh district, Ba Ria – Vung Tau province, Phu My 3 Industrial Zone (Phu My 3 IZ) is specially developed for the Japanese investors. With the big advantages on geographical location, traffic connection, synchronized infrastructure combining with full range of utility services and preferential policies granted by government for foreign investors, Phu My 3 IZ is a potential industrial park to attract investors in near future, especially it is a huge opportunity to attract the Japanese investors as it is the commitment of Ba Ria – Vung Tau province.
Advantages to attract investors
Phu My 3 IZ has been recognized as specialized Industrial Zone of Ba Ria-Vung Tau province. This is the IZ that Thanh Binh Phu My Company is the project investor; with the total area of 999ha, Phu My 3 IZ includes 4 main fields: heavy industries, supporting industries and multi-sectoral industries, deep-water ports and logistics, utility services. The IZ is supported and designed by international companies: Nikken Sekkei Civil Engineering (Japan) consults and designs infrastructure, Nippon Koei designs the detailed technical infrastructure master plan in order to develop Phu My 3 IZ integrity infrastructure to meet the international standard.
With having large area of 999 hectares, Phu My 3 IZ is able to fully satisfy demands of many different industrial fields from heavy industries to light industries including: petrochemical, basic material, chemical, metallic, support industries, plating, automotive, hi-tech, logistics, etc.
The biggest advantage of Phu My 3 IZ is that it is located close to the Cai Mep – Thi Vai international deep-water ports (distance of 4 km), therefore it can receive the large container vessels (60,000 – 80,000 tonnes) directly from America and Europe. Another advantage of Phu My 3 IZ is that natural gas can be supplied directly from the natural gas pipeline (condensate – LPG) to the zone thanks to its geographic location. Phu My 3 also gets strongly stable power supply ( 4,100MW power plants for PM3 ), at the same time, Phu My 3 invested to build underground electrical cables system to guarantee the stability of electrical supplying even in the power maintaining periods. Phu My 3 has a water supply system that it can supply 50,000 m3/day constantly from the lake on mountain (volume 200 mil. m3) and Phu My 3 can treat waste water with Class A standard waste water treatment system (KOBELCO design & management). Further than that, Phu My 3 also provides full range of utility services such as high quality telecommunication system with optical fiber network throughout the whole IZ, warehouse and logistic system, and administrative services centre ranging from office leasing, legal support, on-site custom, etc. and more importantly, Phu My 3 is at a special location, where it connects to the core traffic route: National Road 51, which has distance of 500m from Phu My 3 IZ; high way Ho Chi Minh City – Long Thanh – Dau Giay (distance of 25km). Phu My 3’s location is also near to ring roads Phuoc Hoa Cai Mep and 991B, which it can help to connect to economic centres of the South Vietnam such as Dong Nai, Ho Chi Minh City.
According to Ms Nguyen Thi Thao Nhi, CEO of Thanh Binh Phu My company: “Phu My 3 Industrial Zone is a perfectly creation to bring opportunities for investors based on the differentiation and cost-saving optimization. With the great already-have advantages of Phu My 3 such as: deep-water port connection to the world , water supply system, LPG/condensate pipeline, natural gas pipeline, and the location close to natural resources: oil, natural gas, raw material, steel, granite, rubber. Our objective in near future is to complete synchronized infrastructure and utility services that are met international standard qualification, fully satisfying the demands investors, especially Japanese investors, at the same time organizing and managing corporate enterprises to meet the requirement regulation of IZ management”.
Preferential policies
Phu My 3 Industrial Zone has been recognized as a specialized industrial zone, so Phu My 3 will apply the extremely preferential policies for invested enterprises, especially enterprises come from Japan. Specifically, the enterprises will received tax incentive policies when they invested in Phu My 3, the corporate income tax rate (CIT) at 17 percent will be applied for the first 10 years starting from the first day of commercial operation: CIT will be fully exempted for 2 years since the enterprises make the first profit, the enterprises will be charged at 50 percent of the applicable rate in the next follow 4 years periods. Furthermore, the import tax will be also exempted the following merchandise is imported:
• Exempt for import merchandise and machine to build-up fixed asset
• Exempt for Import merchandise and machine for oil & gas industry
• Exempt for Import machine, which are not available domestically
On other hand, the managing director of Phu My 3 is the Japanese expert, who has extensive experience in managing industrial zone for many years, he will help Phu My 3 to meet high quality standard qualification combining with incentive policies for invested enterprises at the best. Phu My 3 also provides “one-stop services” including utility services on investment procedures, legal support, recruitment support, tax registration, custom clearance and administrative support to ensure that the invested enterprises focus fully on their business. By providing large area of land for leasing with attractive prices, it creates competitive advantages for the invested enterprises from saving cost perspective. Phu My 3 Industrial Zone has been recognized as a specialized industrial zone for Japanese investors in South Vietnam, therefore the leasing time would be up to 70 years instead of 50 years. Everything will be fully provided to create the optimal business environment for enterprises to develop, contributing the development of Ba Ria – Vung Tau in future.
Thanh Kiet
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Vietnamese
