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Ba Ria - Vung Tau economic overview

  1. Ba Ria – Vung Tau Province New frontier for investors 1
  2. INTRODUCTION General Information (2015) Total area: 1989,46 km2 Population: 1.064.000 Working population: 702,000 Administrative unit: 08 2
  3. 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) 3 Con Dao island Scuba diving in Con Dao
  4. INTRODUCTION Social infrastructure Hospital Supermarket Seaside park University Streets Apartments 4 • 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
  5. 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 supplyAbundant 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 5
  6. 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 6 0 1000 2000 3000 4000 5000 6000 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)
  7. ECONOMY Major Industries Phu My 1 thermal power plant from Japanese ODA93% oil & 16% gas reserves Center of Oil & Gas Center of Heavy Industries Center of rig and ship building 7 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
  8. 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 8
  9. 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
  10. -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) 10 Logistic center
  11. LABOR FORCE - Total population: 1.064.000 - Working age population: 702.000 - 31 vocational institutions - Thousands of internationally educated graduates. % Male % Female 11
  12. 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. 12 - 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
  13. INDUSTRIAL ZONES 14 Industrial Zones with total area of 8.401 ha. Industrial zone infrastructures are ready for new investors. 13
  14. 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 14
  15. 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. 15 2. Da Bac Industrial Zone
  16. 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 16 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
  17. Ba Ria – Vung Tau The clean-and-green destination 17
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