The Phu My 3 Specialised Industrial Park in the southern province of Ba Ria-Tau has total investment of VND11.6 trillion. — Photo courtesy of Ba Ria-Vung Tau Province
The Phu My 3 Specialised Industrial Park (SIP) in the southern province of Ba Ria-Vung Tau has set a goal to become one of the province’s most modern industrial parks, with the aim of attracting more investment.
The Phu My 3 Specialised Industrial Park (SIP) in the southern province of Ba Ria-Vung Tau has set a goal to become one of the province’s most modern industrial parks, with the aim of attracting more investment.
Speaking at the park’s five-year anniversary ceremony last week, Nguyen Thi Thao Nhi, CEO of Thanh Binh Phu My JSC, the project developer, said: “We aim to build Phu My 3 SIP into a modern industrial park with international standards, especially in terms of environmentally sustainable development."
Investment capital of the park for two phases of construction totals VND11.6 trillion (US$498.1 million).
The park's high-quality technical infrastructure includes wastewater treatment, water supply, electricity and gas supply, telecommunications network, and utility services, she said.
Over the last five years, the park has built internal roads, a wastewater treatment plant with a capacity of 9,000cu.m per day, a modern underground system of power supply, and a clean gas fuel supply system, among others.
The park has leased some 130ha of land to 16 domestic and foreign investors in a variety of business sectors.
“In addition to hardware, we also are focusing on creating software that allows us to offer a one-stop service that helps customers throughout the investment, construction and operation of the project,” she added.
Also speaking at the ceremony, Nguyen Thanh Long, vice chairman of Ba Ria - Vung Tau People’s Committee, praised the company for making great efforts in mobilising resources to invest in infrastructure in Phu My 3 SIP, as well as calling for investment in the park.
Long commmended provincial agencies for creating a favourable investment environment for businesses investing in industrial parks in Ba Ria - Vung Tau, making it an ideal destination for large FDI projects.
Phu My 3 SIP is one of two model industrial parks developed under an agreement signed by former PM Nguyen Tan Dung and Japanese Prime Minister Yoshihiko Noda in November 2011.
Last year Phu My 3 SIP completed construction of the first phase of the project, with world-class infrastructure and utilities.
The park has welcomed investors mostly from Japan, Europe, America, and Asia as well as businesses in Viet Nam.
Advantages
Phu My 3 SIP was built on an area of 999ha in Phuoc Hoa Commune in Tan Thanh District and developed by Thanh Binh Phu My JSC, a 100 per-cent Vietnamese private investment.
The park has world-class technical infrastructure and utilities designed and built by professional Japanese contractors, aiming to meet demands of a wide range of industries, from light industries to heavy industries, multi-sector industries, seaports and logistics.
The park has four specialised functional areas: a supporting industry zone, a heavy industry zone, a port and logistics zone, and an administrative and service area.
The park provides comprehensive investment support services offered in Japanese, English and Vietnamese, via a one-stop service which assists customers with all affairs relating to investment procedures, legal issues, recruitment, logistics and on-site customs services.
The park has an excellent location with access to key traffic infrastructure such as National Highway 51, National Highway 1A, HCM – Long Thanh Dau Giay Expressway, Bien Hoa – Vung Tau Expressway, Trans – Asia Road, inter-regional highways, inter-port roads and inter-industrial zone roads.
The park is 65km from HCM City’s Tan Son Nhat International Airport in and 28km from Dong Nai Province’s Long Thanh New International Airport.
The Cai Mep – Thi Vai deep-water seaport (only 4km), capable of accommodating vessels of up to 200,000DWT, is expected to develop into an international hub for trade and transportation.
The park has attracted 14 domestic and foreign investment, including nine Japanese investors, one Korean investor, three Vietnamese investors, and a joint venture between Viet Nam and Switzerland.
Total leased land area has reached 121ha, with total FDI capital about VND18.5 trillion. — VNS