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Tony Milton MRICS

BSc (Hons) Est Man

Industrial - Centre
Monday, 16 March 2009





In mid-2008, the Prime Minister approved a plan for turning the country's cen­tral key economic zone into a cen­tre of trade for the greater Mekong region and the Asia-Pacific region. The central key economic zone includes Da Nang City, the prov­inces of Thua Thien-Hue, Quang Nam, Quang Ngai and Binh Dinh, which all play a vital role in de­velopment of the region, including the Tay Nguyen (Central Highlands). Covering an area of nearly 28,000 with a population of more than 6.2 million, parts of the eco­nomic zone includes many cultural and historical sites of interest and beautiful natural landscapes. It is estimated that the popula­tion by 2025 will reach 8.15 mil­lion, which will include more than 6 million people of working age. About 60,00-65,000 ha of land will be used for urbanisation by that time. The Government envisions Da Nang City, Hue, Quy Nhon, Van Tuong City and Nui Thanh District as the main areas to attract foreign and domestic investment. Da Nang will be the major busi­ness centre of the economic zone, with Hue city the major tourism centre. Quy Nhon city's economy will also be developed. Under the government's plan, the economic zone will include 4 urban satellite areas with Da Nang City as the focal point. The zone will comprise a total of 86 urban areas by 2025, including 43 new ones.


Quang Nam


Chu Lai Open Economic Zone:- The master plan, which the Government approved in 2004 envisions the zone covering 27,000 hectares in Nui Thanh District and Tam Ky Town. The zone will have a population of 215,000 people by 2010 and 800,000 by 2020 with urbanites accounting for 100,000 and 750,000 respectively. In its first stage the OEZ will include the 4,000 hectare Chu Lai Airport, a 2,500 hectare industrial park, a 2,100 ha tourism and sports zone, a 1,550 hectare urban and services area, a 400 hectare free trade area, a 200 hectare seaport and services zone. The second phase will expand the zone's area to 400, covering the southern bank of the Thu Bon River. However, authorities have not revealed when the second phase of the project will begin. The Chu Lai OEZ includes two areas : the 1,600 hectare non-tariff Free Trade Zone (which exempts traders of all taxes when they transit goods) and the tariff zone. The Free Trade Zone is associated with a section of Ky Ha Port and is isolated from the surrounding areas by a fence. The remaining part of the OEZ, the tariff zone, will house industrial parks, export processing zones, recreation centres, tourist resorts, residential and administrative quarters. Businesses shall be completely exempt from income tax for 4 years after taxable incomes are first generated and enjoy a 50% rebate for the 9 subsequent years. Thereafter, a rate of 10% shall apply to such projects for 15 years from the time of starting business. For foreign-invested enterprises and foreign parties to business co-operation contracts suffering losses after paying income tax may transfer such losses to subsequent years for deduction from their taxable incomes. Such transfers may be done for not more than 5 years. Land leases will have a term of upto 90 years with land rent exemption of between 10 and 15 years. Investors in the Chu Lai OEZ will enjoy the maximum preferences applicable to areas with exceptionally difficult socio-economic conditions, to economic zones at border gates, industrial and export processing zones, hi-tech zones and other provisions of international treaties which Viet Nam has signed or acceded to. The government’s master plan for the development of the auto industry to 2020 envisages 13 plants in the central region and in early 2005 Mazda got the go-ahead to build a truck factory on 100 hectares, and Vietnam Coal permission to build a $316 million Kamaz (Russia) heavy truck plant on 120 hectares (1st phase), bringing the total number of auto plants in the park (with Truong Hai’s lorry and bus factory) to three. So far the IP has licenced over 115 domestic and foreign projects, of which over 35 are in operation with a combined registered capital of $1.4 billion. Chu Lai Airport started 4-weekly commercial flights to HCMC in March 2005.


Dien Nam-Dien Ngoc:- Located on the highway between Da Nang City and Hoi An the 418 hectare IP has turned a deserted former battlefield into a complex of factories, houses and shops. By early 2005 about 40 projects worth almost $40 million had been licenced occupying all the 145 hectare 1st phase and creating over 25,700 jobs - more than half of the commune's youth and almost one-third of its residents. At the same time, with people flocking to buy land and open up stores, hotels and restaurants near the park, land prices have risen to approximately the same level as in Da Nang and Hoi An. The pace of urbanisation has pushed Quang Nam authorities to officially name a city based around Dien Nam-Dien Ngoc, and if all goes as planned the new city will include a university campus accommodating 50,000 students and a tourist resort among other administrative, cultural and training facilities. Construction of the 2nd phase, covering 245 hectares and worth about $16 million was approved by the PM in early 2005 and is expected to open in 2008.


Dai Hiep:- Located 25km south-west of Da Nang, provincial authorities announced plans in 2003 to expand the $1.2 million 40 hectare IP to 100 hectares sometime after 2005.


Tay An:- In 2003 provincial authorities announced $6 million plans to construct the 1st phase of the 112 hectare Tay An Industrial Com­plex in Duy  Xuyen District, that will include 4 IPs focusing on the production of farm machinery & building materials, and food processing.


Thuan Yen:- In 2005 provincial authorities announced that projects investing in the 225 hectare IP would receive land rent exemptions for up to 11 years.


Dong Que Son:- In 2005 provincial authorities announced that projects investing in the 160 hectare IP would receive land rent exemptions for up to 11 years.


Nam Giang EZ:- In early 2008 the PM approved a plan to develop the economic zone close to Nam Giang Border Gate covering over 31,000 hect­ares, which is expected to foster business and trade links among Central Vietnam, Southern Laos and Northwestern Thailand.


Quang Ngai


Dung Quat Economic Zone:– With an area of 14,000 hectares, Dung Quat IP is divided into 4 sections : the eastern industrial complex with a petro-chemical industrial park, chemical industry and heavy industries related to the investment and exploitation of the deepwater Dung Quat Port (5,054 hectares including 1,463 hecates for industrial operations and 500 hectares for warehouses and yards); the western industrial complex with light industries and production of construction materials and consumer goods (2,100 hectares including 957 hectares for industrial operations); the Chu Lai - Ky Ha industrial complex for the national defense industry (3,051 hectares including 2,300 hectares for Chu Lai Airport and 751 hectares for Ky Ha IP); and Van Tuong City as an industrial service town and a financial centre to serve the development of Dung Quat IP (2,400 hectares including 1,400 hectares for houses, offices, service establishments and utilities). Local investment projects are exempted from the rent for undeveloped land during the operational term. Foreign projects are offered a rent exemption for 16 years, and then pay US$150 / hectare per year. Investors in the IZ are also exempt from tariffs on material imports for 5 years. In early 2005 the Govern­ment has permitted the eco­nomic zone to construct a tax-free zone on 300 hectares and management board issued new preferential policies in a bid to attract foreign and domestic investors allowing foreign and local enterprises the same policies, which are cited as being the most favoured incentives in the country. Under the new rules investors’ income tax will be waived for 4 years and reduced by half in the following 9 years. However, these incentives exclude enterprises in the areas of finance, banking, insurance, trade and ser­vices. Furthermore, for the first 5 years of operations, a company will enjoy zero import levies on raw and semi-raw materials for direct production that local firms do not have the capacity to manufacture. Unusually, foreign investors are also allowed to build housing and are entitled to buy a home. Other incentives relat­ing to finance, banking, cus­toms, import-export, and immigration procedures are also provided. Since 1999, the EZ licensed over 52 projects with combined investment capital of $2.03 billion including $121 million in 2004. The target for 2005 is $2.5 billion including a series of projects with an investment capital of hundreds of millions of dollars in carbon black manufacturing, polypropylene, polystyrene paper, containers, cement and steel. It is the only IZ in Vietnam directly funded and empowered by the government and entitled to licence projects with registered capital of up to $40 million. Licensed projects include two Vietnamese-Russian petrochemical and chemical JVs (Oil Refinery No.1 worth $1.3 billion and a $154 million polypropylene production plant); a petro chemical complex project (600 hectares, 50 of which for the first phase); the Amata Group; a laminated steel plant (250,000 tons per year) and a $433 million shipyard.


Tinh Phong:- Located in Quang Ngai town 20km south of Dung Quat IZ and Chu Lai International Airport  and bordering National Highway 1a and the north-south railway, the park has a total area of 141 hectares with a 1st phase area of 40 hectares. The park has attracted over 19 domestically projects with more than 45% occupancy involved mainly in construction materials (cement, tile, roofing sheet, construction glass), fertilizers, and household plastics to over 25 hectares.


Quang Phu:- Situated in Tu Nghia District & Quang Ngai Town the park is 2km west of central Quang Ngai Town and National Highway 1a, 30km south of Dung Quat IZ and Chu Lai Airport, and besides the main railway station. The 139 hectare IP (57 hectare 1st phase) with more than 65% occupancy houses over 25 factories that specialise in sugar refining, seafood, wood, beer, confectionary, milk, frozen and canned food, paper and fertilizer processing which discharge approximately 6,000 cu.m of waste or untreated water into the local channel, the Bau Lang, which supplies water for the area's agriculture production. According to the provincial Department for Natural Resources & Environment, they are seriously damaging the local environment and water supply and dead fish have been found. The Binh Dung seafood processing factory is an unfortunate example. Its waste and untreated water flow into the channel causing a horrible stench. Hai Phong Kraft paper producer is another environmental renegade, intentionally dumping pollution into the area's underground water source and seriously threatening the health of local residents. The developer, the Infrastructure & IZ Development Co, admit that the park should have a concentrated water treatment station but due to a lack of investment the designated projects are still not underway. Another hurdle in the construction of the treatment plants is a hotly contested land clearance issue. The province has granted over 60 licences to enterprise in Tinh Phong & Quang Phu worth over 90 million.


Phu Yen


Hoa Hiep:- Located in Tuy Hoa District 8 m from Tuy Hoa town, 6km from National Highway 1a and near National Highway 25 & Provin­cial Road 645 that leads to the Central Highlands, 20km from Vung Ro Port, 40km from Van Phong Port, 110km from Quy Nhon Port, 100km from Nha Trang Port and 2km from Tuy Hoa Airport and near Puh Hiep  railway station the 102 hectare IP (30 hectare 1st phase) has leased over 34 hectares of its total industrial area. The park has attracted over 25 projects, including investment from Sri Lanka, South Korea, Germany, the United States, and Turkey, which operate in the fields of fertilizers, pharmaceu­ticals, animal feed, construction materials, and bio-organic prod­ucts worth more than $70 million. The IP is the province’s chief industrial zone and is targeting industrial production, mining and seafood processing. The 221 hectare Hoa Hiep 2 IP is currently investing in infrastructure construction.


Dong Bac-Song Cau:- The 365 hectare park (106 hectare 1st phase) has so far licenced over 20 projects worth more than $12 million.


An Phu:- Situated in Tuy An District with 97 hectares (25 hectare 1st phase), the park was established in 1998 and borders the north of Tuy Hoa town and is 200m from National Highway 1a. The IP has attracted over 25 projects worth more than $10 million of which over 5 are operational.


Hi-Tech Agriculture Park:- At the end of 2004 provincial authorities announced plans to set up hi-tech agriculture park covering 460 hectares in Phu Hoa District worth $1.4 million.


South Phu Yen EZ: In mid-2008, the Prime Minister established the EZ covering 20,730 hectares for enterprises of different sectors with an emphasis on those operating in the oil industry.


Ninh Thuan


Phuoc Nam:- In early 2007 the Trung Qui JS Company started construction on this 370 hectare park at a cost of $36 million. The IP will be built in 2 phases with more than 150 hectares to be developed in the first phase. The company will also build other facilities like banking, telephone and warehousing. The IP is only 60 kilometer from Cam Ranh Airport in neighboring Khanh Hoa Prov­ince and 360 kilometers from HCMC, but land rent is only one-fourth or one-fifth of the rates applicable to HCMC IPs, about $20 per square meter for a period of nearly 50 years. More than 10 local and foreign investors had pre-leased over 80 hectares of land to set up shop with total investment capital of some $100 million. The investors from the US, Japan, South Korea, Taiwan and Singapore will build fac­tories for processing seafood and making electronic and auto parts, auto tires, chemi­cals and electronic products. The company will complete infrastructure by 2011 and the IP is expected to be full within 7 years and generate jobs for some 20,000 people. The IP will be home to indus­tries like hi-tech, mechanical engineering, industrial and agriculture machines, con­struction materials, seafood processing, garment, foot­wear, furniture and handicrafts.


Khanh Hoa


The province has plans to set up 3 Economic Zones in Van Phong Bay, Cam Ranh Port and Khanh Hoa City and to build 5 more IPs at Dien Khanh, Cam Ranh, Van Ninh, Ninh Hoa and Ninh Thuy. To date the province has 8 IPs.


Suoi Dau:- Situated in Dien Khanh District the park is besides National Highway 1a; 27km from Nha Trang seaport and airport; 35km from Cam Ranh and Ba Ngoi international seaports; and 2-5km from Suoi Cat, Suoi Tan and Hoa Tan railway stations, with a total area of 137 hectares (77 hectare 1st phase). Since being established in 1997, the IP has licenced over 20 enterprises with a total registered capital of more than $40 million covering over 50 hectares, including projects from Taiwan, China, US and Russia engaged in frozen aqua-products or aqua-product processing for export; animal feed, equipment and material production for aquaculture; elec­tronic component assembly and production; and chemi­cal production. Authorities are considering expanding the park to 300 hectares.


Nam Cam Ranh:- Cam Ranh Bay lies in the middle of an international sea route linking the Malacca Straits with China, Japan and the Korean Peninsula. The park is only 6 km from Ba Ngoi Port and close by Cam Ranh Airport which replaced Nha Trang as Khanh Hoa's main airport in 2004. There are also plans to develop the nearby Van Phong Bay into an international container and oil transshipment port; a center for industrial services and fish farming; and a "sea ecotourism site." Ba Ngoi port is pro­tected by Binh Ba Island which is 15m deep at high tide and so can receive ships of up to 30,000 tonnes and is only about one hour from international waters. The $18 million, 223 hectare IP is about 2km from National Highway 1a and is linked to the national rail system; is about 3km from the centre of Cam Ranh town, 20km from Cam Ranh Airport, will employ 23,000 workers when fully developed and will include office buildings and entertainment areas for workers, with trees covering 30 hectares. The IP will focus on seafood processors. In 2004 the East Ocean Co applied to build infrastructure on 200 hectares worth $14 million.


Ninh Thuy:- Situated in Ninh Hoa District some 40km from the resort city of Nha Trang, the 380 hectare (180 hectare 1st phase), encompasses the 200 hectare Hyundai-Vinashin Shipyard (the largest in SE Asia). Established in 2001 the park will focus on ship construction, mechanics installation, electronics, aquaculture processing, construction materials and house appliances. The IP has attracted over 15 projects worth more than $30 million.


Van Phong Bay:- In 2003 local authorities got central government approval to turn the 150,000 hectare (over half comprising water surface) bay into an international container port and a new economic zone at a cost of $3.6 billion between 2005 and 2020. Located 70km north of Nha Trang City, the bay covers 435 square kilometers and provides an ideal shelter for boats as the bay is surrounded by Hon Gom Peninsula and Hon Lon Island. Van Phong is considered conve­nient for development into an international-scale trans-shipment port as the 45,000 hectare bay's aver­age 22-27m dept and 6km wide entrance make it ideal for large ships. Economists say Van Phong could cause a major change to the Southeast Asian region's marine serv­ice industry since, with Van Phong Port in place, goods from southern Chinese provinces and ASEAN could transit at Van Phong Bay to reduce time and save money. The transshipment ratio in sea transport in the region had increased to 47% in 2002 from 32% in 1980 whilst containerization has be­come more popular (estimated to increase to 20 million tons in the region by 2020 compared with about 4 million tons at present). The region's two biggest transit ports are Hong Kong and Singapore with Tanjung Pelapas in Malaysia, Kaohsiung in Taiwan and Shanghai in China rapidly expanding. If Vietnam develops Van Phong into a transit port, the port will certainly face competition from these ports but could compete well simply because it lies in the center of the region. It is anticipated that from now to 2020, the bay will receive a total investment of $3.6 billion from the State budget, including a railway network, an electricity system and a wharf, to be built in 2007. It is reported that 7 local enterprises agreed in late 2003 to contribute capital to set up a company named Vanphong Corp to develop the huge port project. The seven stake­holders are the Vietnam Maritime Bureau, the Vietnam National Shipping Lines (Vinalines), Viet­nam Shipbuilding Industry Corp (Vinashin), the Marine University, Vietnam Register, the Vietnam Construction & Import­ Export Corp. (Vinaconex) and PetroVietnam.


Ninh An:- Situated adjacent to National Highway 1a, provincial authorities announced plans to devel­oped the seafood, forestry & agro-product processing, textile production, and aluminium products IP in 2002, using foreign investment.


Hai Dao:- In 2002 local authorities announced plans to develop the 7 hectare IP in Nha Trang.


Thu Thien – Hue


Phu Bai:- Established in 1998 the 50 hectare park is situated near Phu Bai Airport and close to National Highway No 1a. The 35 hectare 1st phase is fully occupied by 27 projects worth about $55 million but the province plans to expand the area to 130 hectares.


Chan May Economic Zone:- In 1999 the government approved a $330 million project to develop the area into a deep water port under the Build Operate Transfer (BOT) initiative. However, the project experienced difficulty in finding partners because of the significant investment involve, so in 2002 the Chan May Economic Trade Development Zone became the first port in the country to be declared a Border Economic Zone by the PM. Situated in Phu Loc District, the 398 hectare IP (100 hectare 1st phase) is 60km south of Hue in the centre of the Central Key Economic Region comprising Hue-Chan May-Da Nang-Dung Quat and is regarded as an ideal gateway linking central Vietnam and the Eastern Transport Corridor to Laos and northern Thailand; adjacent to the Thua Luu River to the west, and National Highway 1a to the south; about 5km from Chan May Deepwater Seaport, and 20km from Danang Port; and parallel with the north-south railway. The IP is a part of the Chan May New Urban Area that includes a seaport, IP, commercial centre, housing and tourism areas. The $18 million seaport is 300m deep and capable of accommodating 30,000 DWT vessels.


Saigon Hue IP:- In early 2008 the Saigon-Hue Investment Joint Stock Company (a unit of Vietnam's Saigon Invest Group), announced that it had been granted a licensed to invest over USD$125 million in 2 projects. One of them will develop a duty-free zone and infrastructure for an industrial park and the other to build an urban town, with both covering 1,000 hectares.


A Dot Border Gate Eco­nomic Zone - In mid-2008, the government approved the nearly 10,000 hectare EZ that will help strengthen business coopera­tion between Vietnam and Laos.


Ha Tinh


Vung Ang IP Seaport Complex:- Located in Ky Anh District the park is besides National Highway 1a, 60km from Ha Tinh Town, 80km from Hong Linh Town where National Highway 8 begins and leads to Laos. The main sections of Vung Ang Industrial Park-Seaport Complex are the Vung Ang & Son Duong ports; the Vung Ang 1 IP (associated with the ports on about 1,800 hectares); the Vung Ang 2 IP (associated with Son Duong Port on about 1,170 hectares); and a civil section (with a planned area of some 850 hectares). Vung Ang 1 IP was approved by the PM in 2002 and has an initial area of 116 hectares with an investment capital of nearly $10 million. The provinces large mineral deposits and parks proximity to Laos have enticed Vietnam Vegetable & Fruit Corporation, Vietnam Forestry Corporation, Vietnam Maritime Agency and Nissho Iwai of Japan to seek investment opportunities. So far over 6 foreign-invested projects with a combined value of over $30 million have obtained licences.


Cau Treo Economic Zone Border Gate:- The zone shares a 40km border with Laos and is linked to Highway 8a and is thus near to Laos' central and northern regions and northeastern Thailand. Since opening for operations in 2001, the zone has attracted over $17 million of investment and has also benefited from the Danish government funded ‘Truong Son Mountain Range Bio-diversity Conserva­tion Project’ that plans to attract investment into tourism projects, especially to do with ecotourism.


IGS Capital Corp’s Korean IP:- In late 2004, the US based Korean firm IGS signed a deal with provincial authorities to build a 500 ­hectare “foreigners only” IP, vocational training centre, residential areas, hotel, exhibition centre, hospital and golf course near the Vung Ang Seaport. The Korean owned com­pany hopes that once the in­frastructure is in place the IP park will pull in $2­ billion worth of investment by Korean companies.


Son Duong Seaport:In early 2008 Taiwan's Formosa Heavy Industries announced plans to build a deep-water port and a steel complex at a total cost of USD$1.2 billion. Son Duong port will be able to re­ceive vessels of up to 200,000 dwt. The steel complex will be designed with a production capacity of 15 mil­lion tons per year. Both projects will be located in the Vung Ang Eco­nomic Zone. The province is es­timated to have up to 540 million metric tons of iron ore.


Dac Lac


Tam Thang:- Established in 2001 the $5.75 million 181 hectare park was the first IP in the province. Situated in Cu Jut District bordering National Highway 14 in the north and Srepok River in the East; 15km from Buon Ma Thuot City; 340km from HCMC; 45krn from the Dakbo border gate be­tween Vietnam and Cambodia; 25km from Buon MaThuot Airport (from which there are daily flights to HCM City, Danang and Hanoi); and 200km from Nha Trang Seaport. The park has leased over 14 hectares to 4 projects worth over $15 million (including a sugar factory with a daily capacity of around 1,000 tonnes of cane), and is negotiating terms of over 32 hectares with the owners of an additional 11 such large projects.


Buon Ho:- The 92 hectare park opened for business in 2004 in Krong Buk District, and hopes to attract agricultural processing facilities, garment & textile manufacturers, and machine factories.


Buon Ma Thuot:- Situated 6km from the provincial capital, the 48 hectare $2.5 million park has been designed to accept relocating, city-centre polluting establishments. The park will focus on mechanical engineering firms, producers of garments and building materials, processors of farm pro­duce and timber and handicrafts. It is the first of its kind in the central highland province to accommodate local private investors.


Ea Kar:- The 51 hectare park opened for business in 2005 and is focusing on produce processing, food processing, machinery and construction materials. The zone is expected to provide up to 5,500 jobs for local people.


Hoa Phu:- Construction of the $14 million 180 hectare park began in early 2005. The IP will focus on forestry and agricultural products processing.


Gia Lai


Tra Da Economic Zone Border Gate:- In 2003 the government agreed to build the 125 hectare IP in Duc Co District in the north-east of Pleiku City. The park includes 109 hectares for agricultural production which shall de­veloped in three phases: 41 hectare 1st phase; 29 hectare 2nd phase; and 39 hectare 3rd phase. Qui Nhon Port has also announced plans to build a container port inside the IP which is 173km away via Na­tional Highway 19. The park is also 80km from the Duc Co border gate with Cam­bodia by National Highway 14; 100km from the Ngoc Hoi bor­der gate with Laos; 100km from Buon Ma Thuot City (Daklak Province); and 50km from Kontum Town (Kontum Province). The park is the first in the Central Highlands province and requires about $7 million in construction infrastructure, and will focus on promoting exports to Cambodia, Laos and Thailand. Authorities are scheduled to finish con­struction by 2010.


Kon Tum


Bo Y-Ngoc Border Economic Zone:- In 2002 provincial authorities approved plans to develop the USD$85 million zone with a commitment of USD$30 million towards infrastructure development by 2007. Located in the East-West Economic Corridor and the Viet Nam-Laos­ Cambodia economic triangle, the Bo Y bordergate economic zone occupies 400 hectares in Ngoc Hoi Dis­trict in the Central Highlands Prov­ince of Kon Turn. By early 2008 some 54 investors had launched projects worth USD$687.5 million with 9 other projects in the pipeline and 14 already allocated land. The EZ includes a 40 hectare IP and 2 residential areas.


GIEC Complex: In late 2007 the Global Investment En­terprise Corporation (GIEC) announced plans to pump USD$1.7 billion into the construction of a large complex at the Bo Y international border gate's economic zone. The project comprises a 320 hectare en­tertainment area worth USD$1.1 billion to­gether with a 500 hectare trading hub and 500 hectare industrial zone. The trade hub and industrial zone will combine to form the biggest area of its kind in Southeast Asia. The project will be separated over two investment periods of USD$800-900 million. Construction of an international air­port only 15km away is probably what drew GIEC to the area in the first place and is expected to attract interest from foreign investors.


Sao Mai IP:- In mid 2005 the PM sanctioned the early allocation of Kon Tum Province's 2006 budget to allow for the construction of the park by instructing the Government to ask the Ministry of Finance to provide the local authorities with VND30 billion / $1.9 million for the construction of the 1st phase.


Quang Binh


Viet Nam Civil Aviation Admin­istration has $12 million plans to re­build Dong Hoi Airport so it can take A320’s since it forecasts 25,000 passengers by 2005, 76,000 passengers by 2010 and 153,000 passengers by 2015.


Tay Bac (North Western) Dong Hoi:- The 100 hectare park is situated in Dong Hoi Town and opened for business in 2003 with pre-agreed leases worth over $6.7 million to 14 companies. The 1st phase covers 48 hectares but total area will be 100 hectares. Tenants include Quang Binh Import­ Export Co (bamboo processing plant), and Lam Hai Co (glass factory), and Viet Trung Rubber Co (export-oriented wood processing mill).


Hon La:- Situated in Quang Trach District to serve Hon La Port, construction of this $9.5 million 228 hectare (98 hectares 1st phase) IP started in 2002 but was delayed to 2004 because of resettlement problems. The park will focus on industrial plants and a shipbuilding yard, and fishing services and authorities have built a 4,488m long and 9m wide road.


Lam Dong


Hi-Tech Agricultural Park:- In 2004 local authorities decided to proceed with a project to set up a hi-tech agricultural park to encourage invest­ment in farming and animal hus­bandry. This is the first step of a master plan to develop hi-tech agriculture in the Central Highlands province between now and 2010 to improve the quality and volume of farm produce to meet demand of both domestic and overseas markets. The $3.7 million park in Lac Duong District will receive UDS$1.6 million from the State budget and cover 699 hectares, with 518 hectares zoned for planting vegetables, flowers and strawberries and 181 hectares for raising quality dairy cows and beef cattle.


Loc Son:- In 2003 provincial authori­ties agreed to supply USD$16 million worth of infrastructure to the 185 hectare park in Loc Son area of Bao Loc town. Over 14 companies have agreed to lease land and the IP is targeting agricul­tural produce processing, textiles & garments, pulp & paper, tourism and services.


Phu Hoi:- In 2004 provincial authorities announced plans to establish the $14 million 89.2 hectare park in Preh-Phu Hoi area of Duc Trong District, 35km from Dalat.


Tan Phu:- Planned for Lien Nghia in Duc Trong district with 75 hectares specializing in agriculatural products, foodstuffs, handicrafts, mechanics, garments and construction materials.


Da Teh:- Situated in Da Tech the 44.84 hectare park will specialise in  agriculatural and forestry products, foodstuffs, garments, leather, mechanics and handicrafts.



Ha Lam:- Situated in Ha Lam in Don Duong District, the 66.6 hectare park will specialise in  agriculatural products, foodstuffs, garments, leather, mechanics, handicrafts and construction materials.


Ka Do:- Situated in Ha Do-Don Duong the 47.2 hectare park will specialise in  agriculatural products, foodstuffs, garments, leather, mechanics and handicrafts.


Gia Hiep:- Situated in Gia Hiep-Di Linh the 63.59 hectare park will specialise in  agriculatural products, foodstuffs, garments, leather and construction materials.


Tan Chau:- Situated in Tan Chau the 78 hectare park will specialise in  agriculatural products, foodstuffs, garments, leather, mechanics and handicrafts.


Quang Tri


Lao Bao (EZ) Economic Zone:– Located along Highway No 9 about 60 km west of the provincial capital Dong Ha and not far from the Lao Bao border gate with Laos, the trade zone covers 15,804 hectares with an initial cost of over $32 million. New preferential polices issued in early 2005 allow foreign and domestic in­vestors to enjoy corporate in­come tax exemptions for 4 years after their first year of operations and a 50% reduction for the follow­ing 9 years and a 90% rate after that. Furthermore, employees with taxable incomes will only have to pay 50% of their personal income rate. The Lao Bao Economic Zone is a major project to take advantage of the East-West Corri­dor -a 1,500 km all-weather road running through Myanmar, Thailand and Laos. When complete, it will link Mawlamyine on the Andaman Sea in Myanmar to Da Nang in Viet Nam on the East Sea. In order to accommodate vehicles from Thailand, where cars drive on the left side of the road, right-hand drive vehicles will be allowed for vehicles transporting commodi­ties and passengers to and from the zone. So far, over 50 foreign and local enterprises worth over $25 million and 1,500 small businesses have registered to set up in the zone.


Nam Dong Ha Industrial Town Complex:– In 2003 the government agreed local authorities could build infrastructure for the 252 hectare IP, of which 153 hectares would cater to building an urban zone.


Dong Le:– In 2005 local authorities started construction on the 10 hectare $425,000 park in Dong Ha Town as part of a provincial IP development programme for the 2005-2010 period.


Binh Dinh


In early 2005, provincial authorities announced that investors would be exempt from paying land fees for 8, 11 or 20 years and CIT from 3 to 8 years, depending on which District they invest in. Financial support for site clearance and employee training is also available.


Phu Tai:- Located in Quy Nhon City at the intersection of National Highways 1a & 19, the IP is 10km from the center of Quy Nhon City, 12km from Quy Nhon Port. 3km from Dieu Tri Railway Station and 25km from Phu Cat Airport, with a total planned area of 328 hectares, of which 188 hectares have been endorsed by the Prime Minister, and 132 hectares are for expansion. The park has licenced over 110 projects of which more than 60 are in operation with a total investment capital of $46 million. Construction of more than 40 has been long delayed because of resettlement / land compensation problems. The main investment industries are forestry product processing, granite processing (for export), paper and packaging production, building material production and aquaproduct processing (for export).


Nhon Hoi Economic Zone:- In mid 2005 the PM approved the construction of $100 million economic zone in the north-east of Qui Nhon City, that will cover 12,000 hectares in total, and include: a 545 hectare duty free zone; a 300 hectare deep sea port; a 1,500 hectare IP; a 1,000 hectare urban area; and entertainment and tourist sites. The zone has attracted a total of 48 investors with a registered investment capital  $837 million. In late 2005 the Saigon Nhon Hoi JS Co announced plans to build a $57 million IP (1st Phase) in the Economic Zone along with a residential area, and an office building in Quy Nhon.


Khang Thong IP:- In late 2008 the HCMC based Khang Thong JSC obtained an investment certificate to develop the industrial park and a duty-free area in the Nhon Hoi Eco­nomic Zone. Khang Thong will spend more than USD$235 million developing the duty-free area covering 490 hectares, an indus­trial zone covering 70 hectares and a bonded depot covering 40 hectares inside the economic zone near Quy Nhon City. Khang Thong IP will be the fourth IP inside Nhon Hoi Economic Zone. The other 3 IPs are being devel­oped by the Saigon-Nhon Hoi Joint Stock Company under Saigon Invest Group, Hong Kong's Hong Yeung International Limited, and local company HBC.


Nhon Binh:- The 47 hectare $4.5 million IP is due to be operational in 2005 and has pre-leased land to over 20 enterprises.


Long My:- Over 13 enterprises have registered to lease land in the 1st stage. The park has expansion plans to increase the park by another 100 hectares in the 2nd stage of development.


Da Nang


In early 2005 the Da Nang IZ Infrastructure Development Company announced plans to increase the areas of the provinces IPs by 750 hectares by the year end at a cost of $9.5 million: Hoa Khanh by 216 hectares; Thanh Vinh by 33 hectares; Lien Chieu by 373 hectares; and Hoa Cam by 125 hectares.


Hoa Khanh:- Located in at Hoa Khanh 3-way intersection in Lien Chieu District, the IP is 10km from Danang Airport; 20km from Tien Sa Port (which is the end of the World Bank-funded 1,450km Trans-Asia Highway project linking Myanmar, Thailand, Laos and Vietnam); 13km from Song Han Port; and 5km from Lien Chieu Port which is under construction, with a total area of 423 hectares. The park has leased out all the area for the first phase to 106 operational projects with combined investment of over $118 mil­lion, and with 15 other projects under construction. In late 2005, Mabuchi Motors committed to a $40 million project.


Lien Chieu:- Located in Lien Chieu District the park is next to National Highway 1a and the North­ South Express Highway passing the Hai Van Tunnel, and close by the trans-Viet­nam railway, and 13 km from Danang International Airport, 25 km from Danang Port, 500m from Lien Chieu Port, and 300m from Kim Lien Rail­way Station. The park has a planned area of 374 hectares with a 1st phase of 98 hectares. The park was designed for heavy industry, the chemical industry, and the production of construction materials. Because of land compensation problems and delays, in 2004 the PM assigned site clearance and development from Construction Company No 7 to the Da Nang IZ Management Board. Over 14 projects have been licenced of which more than 6 are already in operation.


Da Nang IP & EPZ:- Located in Son Tra District 6km south of Tien Sa Sea­port, 5km east of Danang Airport, and nearly 2km from central Danang City the park has an area of 63 hectares. The park is a Massda (Malaysia) JV. In 2004 the PM gave the go ahead to use 13 hectares of land for building residential housing instead. The park has attracted over 50 foreign invested projects worth over $300 million in garments, pharmaceuticals, elec­tronics, and construction mate­rials.


Hoa Cam:- Approved by the PM in 2002, the park is located in Hoa Vang District and covers 137 hectares with an investment capital of $9 million. The IP will focus on local manufacturers, helping them reduce their environmental pollution.


Tho Quang:- In 2002 provincial authorities announced plans to set up the 60 hectare (30 hectare 1st phase), $2 million park in the Son Tra Peninsula, focusing on fisheries processing factories. Over 15 local fisheries have agreed to relocate operations from the inner city.


Hoa Khuong:- In mid 2005 provincial authorities announced plans to set up the 300 to 400 hectare park in Hoa Vang District.


FPT Silicon Valley: At the beginning of 2008 the Corporation for Financing and Promoting Technol­ogy (FPT) signed an investment agreement with the lo­cal authority to develop a hi-tech city in Da Nang. The company will invest USD$952 million to develop the FPT City Da Nang on a 181 hectare area in the city's Ngu Hanh Son District. The project will include the FPT University that will have 10,000 stu­dents, a 33 hectare software area where some 3,000 programmers will work, residential areas for the company's staff, and areas earmarked for public services, transportation, and building luxury villas.



Last Updated ( Friday, 03 April 2009 )
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