Phú Mỹ II - Bà Rịa Vũng Tàu Industrial Park

PHU MY II INDUSTRIAL PARK - BA RIA - VUNG TAU PROVINCE

I. Overview of Phú Mỹ II IP

Phú Mỹ II IP was established under Decision No. 1729/CP-CN of the Prime Minister dated November 18, 2004 and under Decision 2089/QD-UBND dated June 29, 2005 of Bà Rịa - Vũng Tàu Province.
On August 10, 2006, Phú Mỹ II IP was approved for planning under Decision No. 1130/QD-UBND dated August 10, 2006 of the Ministry of Construction with a planned area of 620.6 ha, located in the administrative boundaries of present Phước Tân Ward and Phu My Ward, Phu My Town, Bà Rịa Vũng Tàu Province.
On September 15, 2021, the People's Committee of Bà Rịa - Vũng Tàu Province approved Decision No. 2785/QD-UBND adjusting the partial subdivision ratio of 1/2000 of Phú Mỹ II IP. According to the adjusted content, the area of industrial land for lease in Phú Mỹ II IP was adjusted to increase from 388.93 ha to 425.49 ha (Including the land area for building factories and the land area for warehouses).
Phú Mỹ II Industrial Park is an industrial park with the goal of attracting multi-sectoral investment, including:
Consumer goods manufacturing industry (Food, seafood; textiles; footwear, high-class leather goods; paper production; agricultural and forestry products; ceramics, glass production...); Cosmetic chemistry, petrochemical industry (excluding the oil refining industry); Mechanical assembly and repair industry; Metallurgy, drawing, rolling; Electronics and information industry; Biotechnology; Construction materials; Production of plastic granules, products from plastic; Production of products from rubber; Stationery, supplies; Logistics services; Some other fields

(Planning of Phú Mỹ II IP)

Regarding transportation, Phú Mỹ II IP has a convenient transportation connection location:
About 1.5 km from National Highway 51
About 30 km from Long Thanh - Dau Giay Expressway
70 km from Ho Chi Minh City and Tan Son Nhat Airport, 35 km from Long Thanh Airport
About 1 km from Cai Mep - Thi Vai Deep Water Port Cluster

II. Infrastructure of Phú Mỹ II IP

Power supply system: Connected from the National power grid managed and supplied by Tan Thanh Power Company/Bà Rịa - Vũng Tàu Power Company
Water supply system: Clean water produced at Phú Mỹ II industrial park is taken from the Toc Tien water plant with a capacity of 50,000 m3/day and night and is connected to the factory fence
Wastewater treatment system: The centralized wastewater treatment station at Phú Mỹ II IP has a treatment capacity of 4,000 m3/day and night, has been put into operation, is pre-connected to the discharge connection point to the fence of each factory, and is capable of treating wastewater from column B according to environmental technical standards.
Information and communication system: Full, ready to connect according to the needs of land tenants
Internal road system: Includes main and branch roads with widths from 8m - 75 m, ensuring good mobility in the IP
Natural gas supply system: Phú Mỹ II IP is located near gas processing projects and has the ability to easily connect to supply industrial gas to customers who need to use gas.

(Some infrastructure images at Phú Mỹ II IP)

III. Land lease costs and investment incentives at Phú Mỹ II IP

Infrastructure usage fee: 125 USD/m2/lease term
IP management and maintenance fee: 0.65 USD/m2/year, which can be adjusted annually with an increase of 3.5% each time
Annual land rental: 2,371 VND/m2/year, adjusted according to the decision on the land price list of the People's Committee of Bà Rịa - Vũng Tàu Province
Electricity price: Applied according to the state's electricity price schedule
Water price: 12,500 VND/m3
Wastewater treatment fee: 0.4 USD/m3
Other costs: Depending on the needs of land tenants
Investment incentives at Phú Mỹ II IP:
Enjoy a preferential tax rate of 17% for 10 years, including 100% exemption of tax payable in the first 02 years and a 50% reduction of tax payable in the next 04 years
In addition, investors are also supported free of charge by the investor of Phú Mỹ II Industrial Park in investment license and business registration procedures for projects in Phú Mỹ II IP.

IV. Current status of investment attraction at Phú Mỹ II IP

Currently, Phú Mỹ II IP has leased over 327ha out of a total of 425.9 ha (according to the latest adjusted rate), reaching an occupancy rate of about 77% (September 2021), the total land fund available for lease is about 67ha. Some typical projects in Phú Mỹ II IP can be mentioned such as: Dong Tien Viet Nhat Steel Company Project, POSCO Vietnam Project, Nippon Han Xoan Steel Company, Manuchar Phu My, CR Bearing Vietnam, Linde Gas...

(Images of some projects operating at Phú Mỹ II IP)

For more information about land leasing at Phú Mỹ II IP, please contact the information below!

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