Work Begins on Vietnamese and Japanese Government Supported Phu My 3 Industrial Park East of Ho Chi Min City

Work starts on Phu My 3 industrial park

Posted on June 19, 2013 Written by vietnamplus

Construction on Phu My 3 industrial park, specialising in support industry serving Japanese companies, began in Tan Thanh district, southern Ba Ria-Vung Tau province on June 19.
Phu My 3 is established in accordance with a joint statement between the Vietnamese and Japanese Governments on opening two industrial zones for support industry. The second one will be based in the northern port city of Hai Phong .

With an investment of over 7.2 trillion VND (345 million USD), the 999ha Phu My 3 IP, designed by Nikken Sekkei Civil Engineering of Japan, will be divided into four main areas designed for multi-sector and support industry, heavy industries, a port and logistics services, and utility services.

At least 300ha of land will be earmarked for Japanese investors. All domestic and foreign firms are also entitled to preferential taxes while operating in the complex.

Located in the country’s largest economic and consumption hub, the facility sits near Cai Mep-Thi Vai deepwater port, National Highway 51 and Bien Hoa-Vung Tau expressway.-VNA

Article Source: Talk Vietnam


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