[Vung Tau] Phu My 3 Industrial Park

Overview of Phu My 3 Industrial Park project

Phu My 3 Industrial Park is one of two model Industrial Park projects included in the Cooperation & Development Agreement signed between Vietnamese Prime Minister Nguyen Tan Dung and Japanese Prime Minister Yoshihiko Noda in November 2011.

Project name: Phu My 3 Specialized Industrial Park (PM3 SIP)

Location: Phuoc Hoa Ward, Phu My Town, Ba Ria – Vung Tau Province.

Investor: Thanh Binh Phu My Joint Stock Company

Scale: 999 hectares

• Industrial park land phase 1: 376 hectares
• Industrial park land phase 2: 506 hectares
• Residential land & Golf course: 117 hectares

Construction start time: August 2015

Project operation time: December 20, 2077

Perspective of Phu My 3 Industrial Park project

Video introducing Phu My 3 Industrial Park project

Location of Phu My 3 Industrial Park

Phu My 3 Specialized Industrial Park (PM3 SIP) possesses a strategic location in Phu My town, Ba Ria – Vung Tau Province, within the Southern Corridor Economic Zone of Southeast Asia and the Pacific. Vietnam’s Southern Key Economy.
​Convenient connection to key transportation networks:

Distance to southern economic centers

• City. Ho Chi Minh: 60 km
• City. Vung Tau: 35 km
• City. Bien Hoa: 50 kmCity.
• Binh Duong: 60 km

Đường bộ:

• National Highway 51: 500 m
• National Highway 1A: 56 km
• Ho Chi Minh – Long Thanh – Dau Giay Expressway: 30 km

Airport:

• Tan Son Nhat Airport: 65 km
• Long Thanh International Airport: 30 km (expected operations:

Waterway:

• Thi Vai – Cai Mep deep sea port system: 4 km (80,000-120,000 DWT)
• Phu My 3 Port: located in the Industrial Park (1,000-5,000 DWT)

Strategic location of Phu My 3 Industrial Park​

Infrastructure of Phu My 3 Industrial Park

Power system:

• Stable power source is provided from Phu My Thermal Power Plant and Ba Ria Thermal Power Plant by Vietnam Electricity Group (EVN), with a total capacity of 4,100 MW.
• 22Kv voltage is supplied to customers’ fences in Phu My 3 Industrial Park by underground cable system.

Power station at Phu My 3 IIISpecialized Industrial Park

Water supply system:

• Supplier: Phu My Water Supply Joint Stock Company (Wasuco)
• Wattage:
• 90,000 – 100,000 m3/day
  Can be upgraded based on customer requirements.

Phu My 3 Industrial Park water supply factory

Wastewater treatment station:

• The centralized wastewater treatment plant of the industrial park was designed and built by Kobelco Eco-Solutions, capable of treating wastewater to meet the most stringent column A standards and the first in Ba Ria Vung Tau province with Capacity: 45,000m3/day and night.

Phu My 3 Industrial Park wastewater treatment plant

Station

• Condensate and petroleum gas (LPG) are supplied from Dinh Co gas processing plant to Thi Vai LPG warehouse by pipeline passing through Phu My 3 Specialized Industrial Park next to automatic gas pipelines. parallel to the boundary of Phu My III Industrial Park from the Nam Con Son/Bach Ho gas pipeline system.
• Natural Gas (NG) & Liquefied Petroleum Petroleum (LPG) are managed and distributed to customers in Phu My 3 Industrial
• Park by Sojitz Osaka Gas Energy Co., Ltd. using a 6-inch gas pipeline with max capacity up to 15 million m3 of gas per month.

Phu My Inland Port (IDC)

• With an area of about 37.8 hectares, including 6 ports. Phu My 3 dry port will be an extension of Cai Mep – Thi Vai deep-water port.

Cai Mep Thi Vai international deep-water port system

• With a navigation channel depth of -14m ～ -16.5m, it can receive ships up to 200,000 DWT to dock for cargo handling.
  Cai Mep – Thi Vai international deep-water port has a full range of direct ship routes to Europe, America, and Inner Asia, helping to minimize costs and time for transporting goods, optimizing production.
  ​

Current status of land use planning in Phu My III Industrial Park
​

Total industrial park land area: 882 hectares

Total area of industrial park land for lease: 647 hectares

State 1:

Industrial park land area 376 hectares
Industrial park land area for rent: 286 hectares
Industrial park land area leased: 150 hectares
Occupancy rate 52%

Phase 2:

Industrial park land area 506 hectares
Industrial park land area for lease: 361 hectares

Phu My III Industrial Park project planning map

Priority areas to attract investment

• Heavy industry: Petrochemical, Basic materials, Chemicals, Construction materials, Metallurgy, Mechanical, other…
• Multi-industry industry: Supporting industries, Textiles, footwear, Consumer goods,  Medical equipment, Pharmaceuticals, …
• Port and logistics services: Loading, unloading and counting goods, Container transshipment, Repair and maintenance, Warehousing, Bonded warehouse entry, Transportation, …
• High technology: Information technology, Automation technology, Manufacturing technology, Production technology, …

Investment incentive policies

Corporate income tax

• 17% of taxable income for the first 10 years from the year of revenue.
• Tax exemption for the first 2 years from the year of taxable income, and a 50% reduction for the next 4 years.

Import tax exemption is as follows

• Tax exemption on machinery and goods in the petroleum and gas industry.
• Tax exemption on machinery and goods used to create fixed assets to complete investment projects.
• Tax exemption for machinery and equipment that cannot be produced domestically.

Investment incentive policies in Phu My 3 Industrial Park

Planning map of Phu My III Industrial Park

Download high quality file of industrial park planning: Link

Evaluation of the Phu My 3 Specialized Industrial Park project

• The project has a strategic location 2 km from Cai Mep Thi Vai deep-water port, combined with synchronous, modern infrastructure that meets international standards, Phu My 3 Specialized Industrial Park is the place to invest. ideal for investors.
• The industrial park’s utility system is complete and complete, making production and business activities of customers and investors most convenient.
• Extremely good incentives for investors and land lease periods of up to 70 years are things that attract many investors.
• One-stop service to support investors with quick and convenient procedures.

Vietnam Property Hub service

With a staff of many years of experience in the field of project investment implementation, with industrial park management boards, with project investors, serving many domestic and foreign investors, Việt Nam Property Hub offers the following services:

• Investment promotion (land, factories) in industrial parks, industrial clusters and commercial and service land, …
• Legal support & Investment consulting in fields related to industrial real estate.
• Connecting industrial real estate investment cooperation.