Model industrial park attracts billions of dollars in foreign capital

Speaking to Thanh Nien, the leader of this industrial park said that there are currently 5 investors in the process of completing investment procedures and are expected to be licensed in April and May this year with a total registered capital of about 425 million USD. These are the garment accessories manufacturing project of an investor from Hong Kong; polysilicon manufacturing for semiconductor products and a furnace manufacturing project with accompanying components, all from Japan; a showerhead and bathroom equipment manufacturing project from Taiwan, and a post-steel products manufacturing project of a domestic investor.

Up to now, the total investment capital attracted to the industrial park is about 4 billion USD. With the advantages and the right strategic orientation, we expect that by 2027, when investors complete the procedures, the total investment capital attracted to Phu My 3 specialized industrial park can reach 6.71 billion USD. The average investment attraction rate per hectare of land here is about 9 – 10 million USD/ha for rent”, a representative of Thanh Binh Phu My Joint Stock Company shared.

Since 2019, the People’s Committee of Ba Ria-Vung Tau province has chosen Phu My 3 Specialized Industrial Park, invested by Thanh Binh Phu My Joint Stock Company, to build a model industrial park. Next, in coordination with the Japan International Cooperation Agency (JICA), Ba Ria-Vung Tau has chosen Phu My 3 Specialized Industrial Park to develop into a model ecological, smart industrial park, applying information technology in management and operation. The results of attracting foreign capital to Phu My 3 Specialized Industrial Park show that this choice is correct and in line with the trend of the times.

The Foreign Investment Agency (Ministry of Planning and Investment) commented: There is always great competition among the top FDI attraction groups. In particular, localities with breakthrough policies, aiming to build sustainable industrial parks according to environmental, social and governance criteria, and digital operations have an advantage. A typical example is Ba Ria-Vung Tau province, a locality that is often in the top of the country in attracting FDI, which is orienting to develop industrial parks according to the smart-ecological model, applying information technology in management and operations.

A representative of Thanh Binh Phu My Joint Stock Company said: With an occupancy rate of over 80%, the company is submitting to competent authorities a dossier for approval of the policy to expand Phu My 3 Specialized Industrial Park with an area of ​​about 455 hectares adjacent to the existing area. The goal is to build a comprehensive, synchronous, complete, international-standard industrial park system, comparable to industrial parks of countries in the region. “With local advantages, connecting existing infrastructure of Phu My 3 Specialized Industrial Park, balancing industrial park investment rates, attracting high-quality factories and the port logistics service industry (logistics) … we completely meet the goal of sustainable development and increasing budget contributions to the locality”, this person confidently affirmed.