Ba Ria - Vung Tau economic overview

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Ba Ria – Vung Tau Province New frontier for investors 1

Transcript of Ba Ria - Vung Tau economic overview

Ba Ria – Vung Tau Province New frontier for investors

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INTRODUCTION

General Information (2015)

Total area: 1989,46 km2

Population: 1.064.000

Working population: 702,000

Administrative unit: 08 2

INTRODUCTION Wonders of nature, history and culture

Front beach

Kite festival

White palace, Built by the French (1898-1916) as a summer holiday house of French Governor

Nghinh Ong festival & whale worshiping custom

Green turtle of Con Dao

Christ the King statue

Golf court of Ho Tram Strip and Casino (Long Hai District)

Six Senses resort (Con Dao)

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Con Dao island

Scuba diving in Con Dao

INTRODUCTION Social infrastructure

Hospital Supermarket Seaside park

University Streets Apartments

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• Ranking the 3rd just after Ho Chi Minh City and Ha Noi in living standard • Very well developed social infrastructures. • Has all essential facilities supporting living demand of locals and foreigners alike

INTRODUCTION Natural Resources

Phu My 1 thermal power plant from Japanese ODA

Generate 17,5% of national power output from natural gas supply.

Center of Power

Natural gas processing plant

Exploitation rate of 8,8-9 billion m3/year to generate power, fertilizer, LPG and supply natural gas to local industrial zones.

Lakes and water plants supply 180.000m3 of fresh water a day.

Rich water supply Abundant natural gas supply

Natural deep water seaport

Natural depth of 14 m, Cai Mep – Thi Vai river system accommodates vessel up to 200.000 DWT.

Da Den lake water plant

Cai Mep - Thi Vai international terminals

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ECONOMY Ba Ria – Vung Tau has been the leading province

of Vietnam in economic development, the third

largest economy of Vietnam:

• Economic growth rate 5,31%/year

• GDP VND 6.754

billions

• Contribution in national GDP 11%

• GDP per person USD 13.217/year

• Total registered capital USD 27 billion

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FDI capital by country

23 projects USD 2.4 bil

Million USD

Nippon Sheet Glass

Tan Cang – Cai Mep ODA

Terminal, a joint venture with

Mitsui O.S.K Lines

Vietubes : joint venture with Sumitomo Corp., Sumitomo Asia, Nippon Steel & Sumitomo Metal Corp.

Japan Vietnam Petroleum Co (JVPC)

Vina Kyoei (Kyoei Steel)

ECONOMY Major Industries

Phu My 1 thermal power plant from Japanese ODA 93% oil & 16% gas reserves

Center of Oil & Gas

Center of Heavy Industries

Center of rig and ship building

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Food processing

International standards

Tourism

Logistics and sea port

70% national steel output Future int’l transshipment hub

Seafood, flour, veg. oil, beer etc. Over 15 million visitors a year

Regional Transportation Hub

VUNG TAU CITY

LONG THANH IINTERNATIONAL AIRPORT

BINH DUONG CITY

BIEN HOA CITY

NHƠN TRACH CITY

CAT LAI PORT

DAU GIAY TOWN

1A HIGH WAY

CAN GIO DISTRICT

DONG NAI PROVINCE

CAI MEP - THI VAI PORTS

BA RIA VUNG TAU PROVINCE

HO CHI MINH

CITY

TAN SON NHAT INTERNATIONAL

AIRPORT

Major Industrial Zone Area

To Cai Mep – Thi Vai ports: 05 Km

To Ho Chi Minh city: 60 Km

To Tan Son Nhat international airport: 62 Km

To Long Thanh international airport: 10 Km

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International Transshipment Hub

A starting point of Greater Mekong Sub-region Southern Economic Corridor

From Cai Mep – Thi Vai International Terminals to Asian Pacific

From Cai Mep – Thi Vai International Terminals to Europe 9

-Current international container terminals: 07, including: SITV, SP-PSA, TCCT, TCIT, CMIT, TCOT (ODA), SSIT (SP-SSA).

-Channel depth: -16m at Cai Mep area; -14m at Thi Vai area.

-Maximum vessel size: 160,000 to 200,000 DWT. - Capacity: 6.8 Mil. TEUs/year

International Seaport System

SITV (1.1 Mil. TEUs)

TCIT &TCCT (1.5 Mil. TEUs)

SP-PSA (740k TEUs)

CMIT (1.15 Mil. TEUs) SSIT (1.15 Mil. TEUs)

TCOT (ODA) (740k TEUs)

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Logistic center

LABOR FORCE

- Total population: 1.064.000

- Working age population: 702.000

- 31 vocational institutions

- Thousands of internationally educated graduates.

% Male % Female

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LABOR FORCE

Ba Ria – Vung Tau Vocational College

- 3.000 students a year in 09 faculties - Cooperate with Japanese partners in

vocational training for supporting industry since 2012 700 skilled workers with JLPT N5 Japanese instructors Graduates are being employed

by local Japanese factories.

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- 9.000 students a year in 08 faculties including: • Mechanical and Civil

Engineering; • Chemistry • Japanese language • Food Technology.

- International joint programs with 6 overseas universities

Ba Ria – Vung Tau University

Students are being trained by a Japanese instructor Electrical Engineering Japanese class by native teacher

INDUSTRIAL ZONES

14 Industrial Zones with total area of 8.401 ha. Industrial zone infrastructures are ready for new investors.

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Specialized Industrial Zones 1. Phu My 3 Industrial Zone

- Total area: 999 ha - Industrial & Logistics area: 600 ha

- Heavy-industry area - Logistics area - Port, cargo transportation - Multi-industrial area

- Service area: - Accommodation - Urban utilities

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Specialized Industrial Zones

- Total area: 1,058 ha - Industrial & Logistics area:

- Land for lease - Rental factories - Logistics area

- Service area: - Bonded warehouse and logistics. - Dormitory, kindergarten - Expert accommodations. - Restaurant and hotel. - Sport center. - Clinics. - Shopping area. - Banking services.

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2. Da Bac Industrial Zone

Tax incentives a. In Industrial Zones in Tan Thanh district (disadvantaged area)

Corporate income tax: - For first 10 years: tax rate of 20%

from the first year of revenue generation

- First 2 years: tax exemption for taxable income

- 4 consecutive years after exemption period: Tax reduction of 50% for tax amount paid

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22%

b. For investment in Specialized Industrial Zones Specialized Industrial Zones will have special incentives similar to those in Economic Zones

Import duty : tax exemption for machinery, equipment, spare parts, components, raw materials, etc which are not produced domestically

Ba Ria – Vung Tau The clean-and-green destination

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