MY XUAN B1 INDUSTRIAL PARK
Province
Ba Ria Vung Tau
Occupancy Rate
100%
Area
211.92 hectares
Lease Price
80 USD/m2
Details
Industrial Park Name | My Xuan B1 Industrial Park – CONAC |
Location | My Xuan Ward, Phu My Town, Ba Ria – Vung Tau Province |
Total Area | 211.92 hectares |
Land Rental Price | 80 USD/m2 |
Construction Density | 60% |
Occupancy Rate | 100% |
Infrastructure Information
Electrical System | 22KV |
Water System | 50,000 m3/day |
Sewage System | 4,000 m3/day |
Traffic System | The main road of the industrial park is 15 meters wide, including 4 lanes, while the branch roads are 7.5 meters wide, designed with two lanes each. |
1. Project Overview and Legal Information
According to Decision No. 300/QD-TTg dated April 14, 1998, of the Prime Minister, My Xuan B1 – CONAC Industrial Park was established with an area of 211.92 hectares and a total investment of approximately VND 543.58 billion. To date, the industrial park has attracted many international investors from South Korea, Taiwan, Malaysia, Japan, etc., with typical projects such as Global Aluminum Company, Dobla Asia Company (Australia), Ewic Color Vietnam Company, Vina Halla Company (South Korea), Twinkle Leatherware Company (British Virgin Islands)…
Below is an overview of My Xuan B1 – CONAC Industrial Park:
- Name: My Xuan B1 – CONAC Industrial Park
- Location: Phu My Town, Ba Ria – Vung Tau Province
- Scale: 211.92 hectares
- Operating period: from 1998 to 2062
- Occupancy rate: 100%
- Investment sectors: Including building materials production; wood processing and production; mechanical engineering, repair and assembly; electronics and refrigeration assembly; light industries such as textiles, leather and footwear; Food processing, along with other environmentally friendly industries, aims to minimize pollution.
2. Land lease costs and investment incentives at My Xuan B1 Industrial Park
– Infrastructure costs: approximately US$80/m² for the entire lease period
– Management fee: approximately US$0.45/m²/year
– Wastewater treatment fee: approximately US$0.4/m³, subject to adjustment depending on the quality of the incoming wastewater
– Clean water price: approximately VND 12,500/m³ (according to the price set by the People’s Committee of Ba Ria – Vung Tau province)
– Electricity price: applied according to the State’s electricity tariff
Note: The above fees do not include VAT and may change at any time without prior notice.
Investment incentives:
Businesses in My Xuan B1 – CONAC Industrial Park enjoy a preferential tax rate of 17% for the first 10 years. They are also exempt from corporate income tax for the first 2 years and receive a 50% reduction in tax payable for the following 4 years.
- Corporate Income Tax:
The standard tax rate applied is 20%. - Tax Incentive Policy:
Businesses enjoy a preferential tax rate of 17% for 10 consecutive years, starting from the first year of revenue generation from the project. After the preferential period, the tax rate will revert to the standard rate of 20%. - In addition, businesses are exempt from tax for the first two years and receive a 50% reduction in tax payable for the following four years from the date of taxable income.
- Legal Basis:
Tax incentives are implemented according to the provisions of Decree No. 218/2013/ND-CP dated December 26, 2013 and Decree No. 118/2015/ND-CP dated November 12, 2015.
3. Geographical location
4. Infrastructure System
- Power Supply System:
Electricity is supplied from the national power grid, managed by Tan Thanh Power Company, with 22kV medium-voltage lines already installed to the fence of each factory in the industrial park. - Clean Water Supply System:
Clean water is supplied from the Toc Tien Water Treatment Plant with a capacity of approximately 50,000 m³/day, meeting the production and living needs of businesses. - Wastewater Treatment System:
My Xuan B1 – CONAC Industrial Park is equipped with a centralized wastewater treatment system with a capacity of approximately 4,000 m³/day, ensuring that the treated wastewater meets Class A standards according to Vietnamese environmental regulations. - Internal Transportation System:
The main arterial road is approximately 15 m wide, with 4 lanes; branch roads are approximately 7.5 m wide, designed with 2 lanes, facilitating traffic flow and goods transportation. - Industrial gas supply system:
Businesses requiring gas will be connected to the low-pressure gas distribution system in Vung Tau. - Communication system:
The telecommunications infrastructure is fully invested in, ensuring stable connections through major providers such as VNPT, Viettel, and FPT.
5. Current status of investment attraction at My Xuan B1 Industrial Park - CONAC
Currently, My Xuan B1 – CONAC Industrial Park is fully occupied, achieving a 100% occupancy rate of its industrial land. Simultaneously, the industrial park is developing a plan for expansion to meet the growing investment demand.
Some notable projects operating here include: the ceramics production project of VTC Granite Ceramics Joint Stock Company; the motor and generator manufacturing project of Youngnam Vina; the metal component manufacturing project of DLHI Vietnam Company; and projects by Global Aluminum Company and Ewic Color Vietnam.