Phước Đông - Tây Ninh Industrial Park

Phước Đông Industrial Park - Tây Ninh

I. Overview of Phước Đông Industrial Park - Tây Ninh

1. Legal Information

Phước Đông Industrial Park (Gò Dầu District & Trang Bang Town, Tây Ninh Province, Vietnam) is an industrial park under the Industrial - Urban - Service Complex project of Phước Đông - Boi Loi. Phước Đông IP is planned according to Decision No.: 1477/QD-UBND of the People's Committee of Tây Ninh Province. The total area of Phước Đông Industrial Park is 2191.97 ha, located in a complex of 3,285 ha. Altitude: 12–17 m above sea level. Flat terrain, hard soil,

The total investment of the project is VND 5,000 billion (nearly USD 350 million). The establishment of the industrial park is an effort to attract investment in Tây Ninh province.

The investor is Saigon VRG Investment Joint Stock Company, a member of Vietnam Rubber Industry Group, one of the leading groups with great financial potential with many experiences and prestige at home and abroad in fields such as exploitation, planting and processing of rubber latex, banking finance, infrastructure development, mineral energy exploitation...

Currently, Saigon VRG's total investment capital is estimated at 200 million USD, which is currently used to develop and manage projects in the key economic zone of southern Vietnam. The projects will play an important role in connecting and cooperating between Vietnam and global partners.

Saigon VRG Investment Joint Stock Company is currently the investor of many industrial parks such as:

Phước Đông Industrial Park
Dong Nam Industrial Park
Loc An - Binh Son Industrial Park
Le Minh Xuan 2 Industrial Park

2. Location Information

Phước Đông Industrial Park is located in two districts and towns, Gò Dầu District and Trang Bang Town, Tây Ninh Province, Vietnam. Located in the center of Tây Ninh province, it is the main connection point between Ho Chi Minh City and Phnom Penh, two important economic and cultural centers of Vietnam and Cambodia. Tây Ninh is the western gateway of Vietnam connecting the Cambodian and Thai markets through Moc Bai international border gate and other national border gates.

DT 782 is currently the most important and largest road connecting to Phước Đông Industrial Park. DT 782-784 is one of the province's important routes in socio-economic development. According to the plan, DT 782 is a technical grade II highway, with a design speed of 100 km/h; asphalt concrete pavement with 4 lanes, 15m wide, with a median strip. This route connects to National Highway 22B, which is very convenient for transporting goods to Ho Chi Minh City. The project is invested with State budget funds.[4]

Road distance:

Trans-Asia Road (National Highway 22): 10 km
Ho Chi Minh City Center: 60 km
Tây Ninh City Center: 35 km
Moc Bai International Border Gate: 20 km

Distance to the port:

Thanh Phuoc transshipment port: 10 km
Cat Lai Port: 80 km
Tan Son Nhat International Airport: 60 km

II. Infrastructure Information at Phước Đông Industrial Park

Regarding transportation, the road system is wide and meets the needs of businesses: Main road: 6 lanes with a right-of-way of 60m; Internal roads: 2-4 lanes with a right-of-way of 18-29m. Saigon VRG supports opening more roads when necessary.

Regarding power supply, production electricity is supplied stably from four internal stations, the system is invested, operated and maintained by Saigon VRG - ensuring the quality of electricity to customers' factories. Total capacity: 500 MVA

Regarding water supply, clean water is supplied from the internal water plant, with a capacity of 120,000 m3/day-night - meeting Vietnamese water quality standards (QCVN 01:2009/BYT). Raw water is supplied from the East canal 220,000 m3/day-night. Water source from Dau Tieng Lake (1.58 billion m3).

Regarding the wastewater treatment system, production wastewater is collected and treated centrally at the internal station with a capacity of 160,000 m3/day-night, meeting standard A according to the regulations in QCVN 40:2011/BTNMT before being discharged into Ba Tuoi stream and Cau Duc stream.

Utilities and services to support the IP include: Customs agency in the area; Inland clearance port; Logistics Center; Banks, Supermarkets, Restaurants, Commercial Buildings, Hospitals, Schools, Dormitories, Residential Areas, Markets, etc.

III. Rental Costs and Investment Incentives

1. Rental Costs

Updating.

2. Tax incentives for investors

For domestic and foreign investors when investing in renting land and factories in Phước Đông IP, they will be granted an investment certificate and business registration, and enjoy a number of incentives such as:

Exemption from corporate income tax for the first 2 years.

A 50% reduction in corporate income tax for the next 4 years.

Our services:

With many years of experience in advising on land laws, and surveying and working with management boards of industrial parks, foreign investors in industrial parks, we provide a comprehensive service package for domestic and foreign investors in IPs nationwide including:

Consulting on land and real estate laws
Surveying and visiting factories and industrial park land
Legal services for applying for business licenses and investment certificates in Vietnam
Legal consulting services: Drafting, Negotiating, Signing contracts
Notarization, authentication, deposit support, bank loans.

For detailed information, please refer to the specifications table below.

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