Construction work on Phu My 3 industrial park in Tan Thanh district of Ba Ria-Vung Tau province on started on June 19.
With an investment of US$345 million, 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 entitled to preferential taxes while operating in the complex.
Located in the country’s largest economic and consumption hub, Phu My 3 is close to Cai Mep-Thi Vai deepwater port, National Highway 51 and Bien Hoa-Vung Tau expressway.
This is one of the two industrial parks in a joint venture between the Vietnamese and Japanese Governments to support Japanese companies operating in Vietnam. The second one will be based in Haiphong port city.
Source : VNA/VOV online