Phuc Long IP transfers land to tenants

Source: Pano feed

Dinh Dung


Mai Tri Hieu, director of Phuc Long IP, said his park is one of a few that transfer land use rights to local corporate tenants, while foreign investors in the park still have to sign a land lease with the company. The offered leasing price ranges from VND1.6 million to VND1.9 million per square meter, or US$75-90, for a duration of 50 years.


Located along National Highway 1A, Phuc Long IP covers some 80 hectares and costs VND625 billion. The project started construction in 2009 and came into operation in April 2012.


Seven local and foreign investors will build their factories in the park, including Russian, Japanese and South Korean firms, Hieu said.


There are a total of some 28 IPs in Long An, and 16 of them are already active with average occupancy of 44%, according to the province. They are home to about 750 enterprises with total registered capital of around US$1.6 billion and VND25 trillion.




Đăng ký: VietNam News

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