Long An gifted the spotlight with new IMG industrial park

29-Oct-2020 Intellasia | VIR | 6:02 AM Print This Post

The Mekong Delta province of Long An has been implementing targets according to its development plan under theme “Year of promoting investment attraction”, embracing foreign affairs, enterprises, and startups.

Among those, industrial zones (IZs) are playing a crucial role in attracting investment, especially at IMG Phuoc Dong Industrial Park & Port. With the participation of private enterprises in IZs, the situation has completely changed, with a wave of new investments flowing into these zones. One of them is IMG Phuoc Dong Industrial Park & Port by IMG Phuoc Dong Company, which is a part of IMG JSC.

IMG JSC has over 25 years of experience in implementing projects in localities including Hanoi, Thua Thien-Hue, Quang Ngai, and HCM City, such as the Artemis luxury complex, Hoan My Hue Hospital, and An Cuu City.

IMG Phuoc Dong Industrial Park & Port has a total area of 128.8 hectares, including 92.4ha of industrial land, 39ha of pre-built factories, and 6ha of warehouses. The park’s main traffic system has four lanes, in addition to an internal traffic system with two lanes, pavements, and trees.

The scale of the pre-built factory area for lease is about 280,000 square metres large and equipped with a 32MW solar power system.

A system of wharf clusters can welcome larger cargo ships and is well-equipped with complete technical infrastructure ready to support professional investors and their needs, along with the facility’s high-end utilities and internal services.

Abundant resources

The park’s surrounding terrain is suitable for both road and waterway transports. With Provincial Highway 826B passing through the project and connecting it to National Highway 50, HCM City and the Mekong Delta provinces can easily be reached within less than an hour.

The area for waterways is planned to have a length of more than 3km with four jetties in the future, in addition to the planned port cluster to ensure the reception of ships of up to 20,000 deadweight tonnage.

The port will function as a transshipment port to the dynamic Western and international economic areas, and has been assigned to the Vietnam River Port System. Moreover, the port will be conveniently connected to other transportation routes, such as Tan Son Nhat International Airport, Long An International Port, Cat Lai Port, and Cai Mep Port.

Furthermore, IMG Phuoc Dong Industrial Park & Port is located in the key economic region of the south with its abundant human resources coming from neighbouring provinces and HCM City. Therefore, IMG Phuoc Dong Park & Port can be considered a magnet to attract investors in the near future.

Legal transparency

IMG Phuoc Dong Industrial Park & Port is also deemed a strong destination for investors who require simplicity and transparency in administrative procedures. The industrial park has already prepared full legal dossiers and land use right certificates, which will prove beneficial for investors receiving funding from IMG’s strategic partner, Asia Commercial Bank. At IMG Phuoc Dong Industrial Park & Port, the site clearance work has been fully completed, and construction of a wastewater treatment plant, technical infrastructure, traffic systems, and electrical connections is also fully accomplished in accordance to the granted construction permit while meeting all relevant standard.

In addition to ensuring the quality of operations in the leasing areas, IMG Phuoc Dong also focuses on environmental protection with its completed technical infrastructure, convenient internal utilities, and solar battery system.

IMG’s objective is to develop the industry while protecting the environment. To achieve this, IMG Phuoc Dong has built a wastewater treatment system with processing capacity of 3,000 cubic metres per day, and a clean water supply system with a capacity of 5,200cb.m.

IMG Phuoc Dong is also giving priority to green, clean, and sustainable factors for all parts of the facility such as warehouses, logistics, and port administration, among others.

In cooperation with the government, projects at IMG Phuoc Dong can profit from attractive tax incentives, such as an exemption of corporate income tax for the first two years and a reduction of 50 per cent for the following four years, an exemption of import tax, and preferential material import incentives for investors.

https://www.vir.com.vn/long-an-gifted-the-spotlight-with-new-img-industrial-park-80287.html

 

Category: Business, Vietnam

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