The southern province of Dong Nai is seeking the green light from the government to add new industrial zones (IZs) to Vietnam's IZ Development Planning in 2020 to tap into the post-pandemic investment shift.
As the realities of developing industrial zone in Vietnam, it takes about 05 years to have avialble industrial land fund for lease. Meanwhile, opportunities might mainly focus in 2021-2022, then last until 2025, after the control of the pandemic. So these opportunities perhaps belong to industrial zones of which land fund is available.
Currently, Phu My Town has 9 industrial parks with an area of up to 5,000ha and 261 active projects with a total investment capacity of more than 16.3 billion USD. In which, the prominent industrial parks such as Phu My 2 and Phu My 2 Expansion adjacent to the Cai Mep - Thi Vai port system, with a total area of 1,020ha invested by IDICO Corporation. These two industrial parks have attracted over 20 investors, in which 90% are FDI with a total registered capital of about 3 billion USD and be continuing to attract investment in order to contribute speeding up the development of Phu My Town forward for a seaport city before 2025.