Phu My 1 Industrial Park in Ba Ria Vung Tau Province

Phu My 1 Industrial Park is located in Ba Ria Vung Tau Province. It is an important industrial center in southern Vietnam. With its good location and modern infrastructure, this industrial park attracts many investors.

Key Points to Note

Phu My 1 Industrial Park is situated in Ba Ria Vung Tau Province, a significant industrial hub.

Its strategic location and modern infrastructure attract many investors.

There is significant growth potential in manufacturing and service industries.

Attractive investment incentives and support from local authorities.

It is a potential destination for industrial projects in southern Vietnam.

Geographic Location of Phu My 1 Industrial Park

Phu My 1 Industrial Park is located in Phu My Town, Ba Ria – Vung Tau Province. It is approximately 70 km east of Ho Chi Minh City. This location provides numerous advantages for the development of the industrial park.

Area and Development Potential

Phu My 1 I.P is close to major ports such as Phu My Port. Cai Mep – Thi Vai Port and Tan Cang Cai Mep Port are also nearby. Tan Son Nhat International Airport is close, facilitating convenient transportation.

This helps the industrial park develop robustly, making it a vital center for industry, economy, and logistics.

Convenient Transportation Connectivity

Phu My 1 I.P is ideally located and connected by a modern transportation system. Road, rail, and waterway access are available.

Roads such as National Highway 51, National Highway 55, and highways connect this area to Ho Chi Minh City. This facilitates production, business, and logistics activities.

Bà Rịa Vũng Tàu

History and Development

Phu My 1 Industrial Park is a crucial industrial center in Ba Ria Vung Tau Province. It was established in 1997. After 25 years, this industrial park has attracted numerous domestic and foreign investors.

The development process of Phu My 1 I.P has been supported by local authorities and the Vietnamese government. Infrastructure improvements in transportation, electricity, water supply, and telecommunications have been made. This creates favorable conditions for businesses to invest and develop.

With its advantageous geographic location and modern infrastructure, the attractive investment incentives have also drawn many businesses. Therefore, this industrial park has attracted large enterprises, boosting the development of industry and logistics services.

Phu My 1 I.P has become one of the key historical formations and developments in Ba Ria Vung Tau Province, significantly contributing to the local economic growth.

The industrial park has achieved numerous milestones during its development. It is now a prominent investment destination that drives industrial growth in Ba Ria Vung Tau and southern Vietnam.

Scale and Modern Infrastructure

Phu My 1 I.P is located in Ba Ria – Vung Tau Province. It covers nearly 1,000 hectares. This area meets business development needs with modern and synchronous infrastructure.

Investments have been made to fully develop facilities such as factories, warehouses, and offices. This ensures that adequate amenities and services are provided for business operations.

Area and Construction Facilities

With its vast area, Phu My 1 I.P features many modern construction facilities, including:

A system of factories and warehouses that meet high technical and technological standards.
Office buildings, shopping centers, and services to meet business needs.
Educational institutions, hospitals, cultural centers, and sports facilities to serve the community of enterprises and workers.

Transportation and Drainage System

Phu My 1 I.P has invested in building internal transportation systems that connect with major roads. These routes include highways, railroads, and seaports, facilitating the movement and transport of goods.

Additionally, a modern and synchronous drainage system has been constructed to meet environmental and industrial hygiene requirements.

Phu My 1 I.P is one of the modern industrial parks with full amenities, meeting the needs of businesses.

Main Industries in the Industrial Park

Phu My 1 Industrial Park in Ba Ria – Vung Tau Province is an important industrial hub. It includes key sectors such as manufacturing, processing, and logistics services.

Manufacturing and Processing Industry

This industrial park attracts many enterprises in the manufacturing and processing sectors. For example:

Production of automobiles, motorcycles, and components.
Manufacturing of electronic products and electrical equipment.
Metal processing and production of metal products.
Production of textiles and leather goods.
Chemical production and petroleum products.

These manufacturing and processing industries are significant and have great potential for development.

Services and Logistics

Phu My 1 Industrial Park also attracts many service and logistics companies. For example:

Warehousing and cargo handling.
Transportation and distribution.
Maintenance and repair of machinery and equipment.

The combination of manufacturing, processing, and logistics services strengthens the interconnectedness and capabilities of Phu My 1 I.P.

Overview of Phu My 1 Industrial Park in Ba Ria Vung Tau Province

Phu My 1 Industrial Park is located in the southern key economic region. It is an attractive destination for many domestic and foreign investors. The favorable geographic location, modern infrastructure, and investment incentives make this industrial park significant.

This industrial park is constructed on a large scale, comprising various specialized zones for manufacturing, processing, and logistics services. The convenient transportation system and full amenities create a dynamic working environment.

Phu My 1 I.P is one of the most appealing destinations for investors in Vietnam. The investment incentives and business support policies enhance its competitive advantages. Thus, this industrial park is becoming an attractive investment destination for the future.

Investment Environment and Incentives

Phu My 1 I.P, in Ba Ria Vung Tau Province, has a transparent investment environment. It attracts many domestic and international investors, with attractive incentives being a key reason.

Tax and Land Incentives

The Ba Ria Vung Tau provincial government creates favorable conditions for investors. Enterprises benefit from tax incentives and land use advantages. They may be exempt from land use fees and enjoy various other incentive policies.

Investment Support and Business Development

The government also provides investment support and business development assistance. They offer consulting services, guide procedures, connect with suppliers, and support workforce training. Businesses in Phu My 1 I.P will benefit from these supports.

The Ba Ria Vung Tau provincial government consistently creates a transparent investment environment and offers many attractive incentive policies for investors in Phu My 1 I.P.

Future Development Potential

Phu My 1 Industrial Park has a strategic geographic position and modern infrastructure. Attractive investment incentives also help the area develop robustly. Domestic and foreign investors will have opportunities to participate in projects here, promoting the socio-economic development of Ba Ria Vung Tau Province and southern Vietnam.

Some future development potentials for Phu My 1 I.P include:

Continuing to attract investments in manufacturing, processing, and logistics sectors.
Expanding scale and upgrading infrastructure to meet investor needs.
Strengthening cooperation with neighboring industrial parks and logistics centers to create an effective supply chain.
Developing supporting services for businesses such as training, consulting, and outsourcing services.

With existing advantages and future development orientations, Phu My 1 I.P promises to become an attractive investment site, contributing to the economic growth of the region.

Sector	Development Opportunities	Investment Incentives
Manufacturing	Abundant labor resources, modern infrastructure	Tax incentives, competitive land prices
Logistics	Favorable location, multimodal transport connections	Support with procedures, permits
Business Support Services	High demand from enterprises in the industrial park	Incentives for renting premises, taxes

Notable Projects in the Industrial Park

Phu My 1 Industrial Park has attracted many investment projects from both domestic and foreign sources. These projects not only produce high-quality products but also boost the development of the industrial park and the local area.

Notably, the automotive manufacturing plant of Thaco Group has a capacity of up to 100,000 vehicles per year, becoming the largest automotive manufacturing center in Vietnam.

The investment budget for LG’s electronic components manufacturing plant reaches hundreds of millions of USD. This plant creates thousands of jobs and enhances the industrial park’s position in the global technology supply chain.

Another significant project is the seafood processing plant of Sao Mai Group. With high capacity and modern technology, this plant is a leading seafood processing center in the region.

These projects not only affirm the status of Phu My 1 I.P but also significantly contribute to the socio-economic development of Ba Ria – Vung Tau Province.

Conclusion

Phu My 1 Industrial Park in Ba Ria Vung Tau Province increasingly asserts its important status. The favorable geographic location, modern infrastructure, and attractive investment incentives have drawn many investors, contributing to the socio-economic development of the locality.

Sectors such as manufacturing, processing, and logistics services are developing robustly, creating many job opportunities and increasing the province’s GDP. With tax incentives, land advantages, and investment support, Phu My 1 I.P continues to lead in attracting investments.

The future prospects for the development of Phu My 1 I.P are very positive. Notable projects here are being invested in and expanded. The efforts of local authorities and investor confidence will help this area continue to grow.

other industrial zones

FAQ

Where is Phu My 1 Industrial Park located?
Phu My 1 Industrial Park is located in Ba Ria Vung Tau Province, about 70 km east of Ho Chi Minh City.

What geographic and transportation advantages does Phu My 1 I.P have?
This industrial park is close to major seaports such as Phu My Port, Cai Mep – Thi Vai Port, and Tan Cang Cai Mep Port. Along with Tan Son Nhat International Airport, it provides convenient transportation.

When was Phu My 1 I.P established?
Phu My 1 I.P was established in 1997. After 25 years, it has become an important industrial center for the province and the southern region of Vietnam.

What is the scale and infrastructure of Phu My 1 I.P?
This industrial park covers nearly 1,000 hectares. It features modern facilities such as factories, warehouses, and offices, with synchronized transportation and drainage systems.

What are the main industries in Phu My 1 I.P?
The main industries include manufacturing and processing, such as automobile, motorcycle, electronic component production, metal products, textiles, leather, chemicals, and petroleum, as well as services and logistics.

What incentives does the Ba Ria Vung Tau provincial government offer to investors in Phu My 1 I.P?
They provide tax incentives and exemptions from land use fees, as well as support for infrastructure development, consulting, and procedural guidance. They also support workforce training.

What is the development potential of Phu My 1 Industrial Park in the future?
With its strategic location and modern infrastructure, this industrial park will continue to grow, attracting more projects and promoting the socio-economic development of the province and the region.