Investment Vietnam
Vietnam Industrial Parks and Export Processing Zones
PHAN THIET INDUSTRIAL PARK
Phan Thiet Industrial Park is a project which is being developed with a total investment capital of VND 69.68 billion. It is a new and promising address for businesses, especially small and medium enterprises which are involved in environmentally friendly industries.
Phan Thiet Industrial Park belongs to Phan Thiet Industrial Park Infrastructure Development Company
Add.: 2 Tu Van Tu St., Phan Thiet City, Binh Thuan Province. Tel: (062) 821860 - 821611. Fax: (062) 824887. Email:mctyvlxdkhoangsan@hcm.vnn.vn
Director: Vo Tan Nhung and is managed by the Management Board of Binh Thuan Industrial Zones
Add.: 33A Tran Hung Dao St., Phan Thiet City, Binh Thuan Province. Tel: (062) 821243- 830017- 828946. Fax: (062)821243. Manager: Huynh Thanh Long. Vice manager: Giang Cong Tuyen.
1. LOCATION
With its location, Phan Thiet Industrial Park has the following advantages:
- Near downtown Phan Thiet City.
- Close to national highways 1 A and 28.
- Near the North-South railway and Phan Thiet Port.
- 250 km from Nha Trang City.
- 200 km from HCM City.
- Phan Thiet Industrial Park has a planned area of 68 hectares.
2. INFRASTRUCTURE a) Transport
Internal transport:
A system of internal roads has been built. Construction will be fully completed by the end of 2002. The main road is 15m wide and branch roads are 8m wide. All roads are asphalted to link with national highways 1A and 28 just outside the industrial park.
External transport : Three national highways (1A, 28 and 55) which pass Phan Thiet Industrial Park were upgraded and widened.
The North-South railway traverses Binh Thuan Province, with 11 stations Phan Thiet Port can receive 2,000 DWT ships and Phu Quy Seaport can serve 10,000DWT ships.
b) Communication
Modern telecom services are contractually provided to investors' premises by Binh Thuan Telegraph and Telephone. Banking and insurance services are available on location.
c) Utilities
- Power supply: There is a 110kV/22OkV transformer station, with lines going to each plot of leased land. Power price is VND 880/kWh (VAT included).
- Water supply: There is a water supply station with a capacity of 3,500 m3/day. Water price is VND 4,500/m3 (VAT included).
- Accommodation: A 9 hectare residential section for experts and workers is being built nearby in parallel with the infrastructure construction in the industrial park.
3. LAND RENT
The land of Phan Thiet Industrial Park is leased at USD 0.3 - 0.45/m2/year, depending on the site. Tenants who pay in full at one time for many years are given a reduction: 5% for five years, 10% for 10 years, 15% for 15 years, 20% for 20 years, and 30% for 30 years or more.
The infrastructure fee is USD 0.15/m2/year.
4. INCENTIVES AND SUPPORT FOR INVESTORS
a) Land rent exemption and reduction
Investors which are licensed to operate in Phan Thiet Industrial Park before January 1st, 2003 are exempted from 100% land rent and infrastructure fee in the first five years since they have signed the lease, and offered a 50% land rent and infrastructure fee reduction for the next five years.
Investors with projects licensed between January 1st, 2003 and December 31st, 2004 will be offered a 50% cut for land rent and infrastructure fees during the first five years from the signing of the lease. b) Support
Investors who want to operate in Phan Thiet Industrial Park have to prepare investment registration procedures under the instructions of Phan Thiet Industrial Zones Management Board. It takes them three days or less to obtain an investment license. If they have requirements, the industrial park manager will consider and deal with all cases properly.
5. INVESTMENT ATTRACTION
To date, Phan Thiet Industrial Park has licensed eight investment projects (including four foreigninvested ones) with a total registered capital of VND 58.6 billion and USD 5.45 million, leasing 11.48 hectares. Four of these projects are already in operation; the others are being constructed to come on stream by the end of June 2002. Most projects specialize in producing construction materials and packages and processing cotton fiber, aquatics for export, animal feed, fertilizer and vehicle accessories.
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