Industrial Land for sale in Phuoc Dong Port Industrial Park
- Price: $162/sqm/50 years
- Area: 20.000 sqm up
Phu My 2 Industrial Park (Phu My II Industrial Park), currently a multi-industry complex in Ba Ria – Vung Tau province, is under the investment of IDICO Corporation. Assessment reports highlight Phu My 2 as one of the industrial parks with leading conditions and significant development potential in Ba Ria province today. Let’s delve into more details about this industrial park with TTTFIC in the article below.
If Phu My I Industrial Park is a significant hub for heavy industry development, Phu My II Industrial Park has a broader goal of attracting multi-sector investment capital, including the electronics-information industry, consumer goods manufacturing industry, assembly industry, mechanical repair, biotechnology, and stationery.
Phu My II Industrial Park was established under Decision No. 1729/CP-CN of the Prime Minister dated November 18, 2004, and Decision 2089/QD-UBND dated June 29, 2005, by the People’s Committee of Ba Ria province – Vung Tau. The investment is led by IDICO Infrastructure Development Investment Joint Stock Company.
On August 10, 2006, Phu My II Industrial Park received planning approval according to Decision No. 1130/QD-UBND dated August 10, 2006, by the Ministry of Construction. The planned area is 620,6 hectares, with 388,93 hectares allocated for industrial land rental. This area is situated in Phuoc Tan Ward and Phu My Ward, Phu My Town, Ba Ria Vung Tau province.
However, as per Decision No. 2785/QD dated September 15, 2021, the People’s Committee of Ba Ria Vung Tau province has adjusted the industrial land rental area in Phu My II Industrial Park from 388,93 hectares to 425,49 hectares, including land for factory construction and warehouse space.
The land use structure in Phu My II Industrial Park is as follows:
The area of land for lease in Phu My II Industrial Park is 304,94 hectares, with an occupancy rate of 77,24%.
Phu My II Industrial Park is strategically situated in Phuoc Tan Ward and Phu My Ward, Phu My Town, Ba Ria Vung Tau province.
A distinctive feature of this industrial park is its location within the planning area of the Seaport No. 5 system, housing operational large ports that regularly accommodate substantial tonnage ships such as Phu My Port, SP-International Port, SPA, Saigon International Port Vietnam (SITV), and Cai Mep International Port (CMIT).
Moreover, Phu My II Industrial Park boasts an exceptionally convenient transportation hub:
Due to these exceptional location advantages, Phu My II Industrial Park has evolved into a crucial traffic connection point linking industrial parks in Ba Ria Vung Tau province and the broader key economic region in the Southern part of Vietnam.
One of the pivotal factors fostering the development of Phu My II Industrial Park and capturing the attention of significant domestic and foreign investors is its modern facilities system.
Phu My II is an industrial park in Ba Ria – Vung Tau province that has received substantial investment in building a comprehensive internal transportation system of the highest quality to meet user needs:
Not only is the internal traffic system invested in, but the external traffic system outside this industrial park is also prioritized:
The electrical system at Phu My II Industrial Park is directly supplied by the National Power Grid managed by Tan Thanh Electricity / Ba Ria – Vung Tau Electricity, supplying to the foot of the Factory fence. The supply voltage for factories here is 22 kV.
The water supply system of Phu My II industrial park is provided by the Toc Tien Water Plant with a capacity of 50.000 m3/day and night. The water price (price does not include VAT) is 12.500 VND/m3.
The wastewater treatment plants in Phu My II Industrial Park have been completed and put into operation. These factories will receive industrial wastewater from areas surrounding the factories with a phase 1 capacity of 4 m3/day and night. The treated wastewater is then discharged into the environment.
At Phu My II Industrial Park, the rainwater drainage system and wastewater drainage system are separate along the roads in the Industrial Park.
The telecommunications system within Phu My II Industrial Park is fully designed and can be customized according to customer needs. The communication system here is provided by service companies such as VNPT, FPT, and Viettel to ensure domestic and international communication by phone, fax, mobile phone, and fiber optic Internet.
Phu My II Industrial Park has been equipped with a fire prevention and fighting warning system that strictly complies with Vietnamese state regulations. It always ensures to keep in touch with the district and town fire prevention teams to ensure the safety of investors and workers of the industrial park.
Phu My II has established a security team within the area to ensure personal safety and protect investors’ assets. The industrial park’s security team will regularly keep in touch with the economic police team in the area to ensure the safety of businesses, investors, and workers here.
Currently, Phu My II also invests and builds natural gas supply systems, which have been planned and are currently being provided to investors in need.
Phu My II focuses on industries that use modern technology, save natural resources, and are environmentally friendly with the goal of becoming a multi-sector industrial park.
Some typical projects in Phu My II Industrial Park include Nippon Spiral Welding Steel Company, Manuchar Phu My, CR Bearing Vietnam, Linde Gas, Project of Dong Tien Viet Nhat Steel Company, a project of POSCO Vietnam, etc.
Industries encouraged to invest in Phu My II Industrial Park include:
Phu My II Industrial Park attracts numerous businesses and investors, boasting a high occupancy rate not only due to its development potential but also owing to substantial investment incentives, currently under consideration.
At Phu My II Industrial Park, businesses and investors are eligible for corporate income tax incentives of up to 20%.
In accordance with the provisions of Article 16 of the Law on Export Tax and Import Tax No. 45/2005/QH11 dated June 14, 2005, and Article 12 of Decree No. 87/2010/ND-CP dated August 13, 2010, businesses will be exempt from import tax on imported goods.
The preferential tax rate for businesses in Phu My II is 17% for 10 consecutive years from the first year the business generates revenue from the project. After this period, businesses will transition to applying the 20% tax rate.
Enterprises are entitled to tax exemption for 2 years and a 50% reduction for the next 4 years from the date of taxable income. Specifically:
In addition to incentives such as income tax, VAT, and import tax benefits, businesses in Phu My II will receive complimentary support from the investor of Phu My II Industrial Park. This assistance includes guidance and facilitation in the application procedures for Investment Policy, Investment Registration Certificate, and Certificate of Business Establishment, as well as collaboration in providing information and consulting on various project-related processes.
Investment costs are a paramount concern for businesses exploring Phu My II industrial park.
The land rental price in Phu My II industrial park includes:
22kV electricity price (excluding VAT) according to State regulations is as follows:
Water at Phu My II Industrial Park is supplied by the Toc Tien Water Plant, boasting a capacity of 50.000 m3/day and night. The price is set at 12.500 VND/m3 (excluding VAT).
The cost for wastewater treatment at Phu My II Industrial Park is 0,4 USD/m3 (excluding VAT). The factory’s wastewater in the Industrial Park must adhere to the allowable limit specified in column B of the industrial wastewater standards.
Depending on the needs of the land lessees, there will be additional costs (communication costs, waste treatment fees, etc.).
Sitting in the heart of Ba Ria – Vung Tau province and undergoing rapid development, Phu My 2 industrial park attracts employees from various regions.
Notably, Phu My II Industrial Park benefits from the abundant local labor resources in Ba Ria – Vung Tau province. This location is home to approximately 1,2 million people. Moreover, the working-age population constitutes over 60% of the total residents.
Phu My II Industrial Park is experiencing rapid and robust development, offering outstanding advantages. Positioned as a ‘Golden Spot,’ it attracts both domestic and foreign businesses and investors. For more detailed advice on this issue, please leave us your information. Don’t forget to follow TTTFIC for more useful information.
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