Dong Nai Province has started to construct the 54-hectare Dinh Quan Industrial Park, which is the province’s first IP in a mountainous region.
Although work on the park in La Nga Ward in Dinh Quan District just began on February 16, ten investors with some 75 billion dong in total capital have already registered to rent more than 36 hectares, taking up 97% of the land that is for lease in the first phase.
Dong Nai, which is drawing on its budget, is expected to expand the IP to as much as 200 hectares in a second phase. Road and water supply infrastructure is expected to cost 20 billion dong.
In line with the province’s investment incentives, businesses are exempt from paying land fees for the first five years of the IP’s operation. After that, depending on the sector, they may get another limited or even unlimited exemption.
The province’s mountainous districts of Tan Phu and Xuan Loc also plan to build IN, with Xuan Loc earmarking 95 hectares and Tan Phu looking at 54 hectares.