Thanh Binh Phu My Joint Stock Company (Vietnam)

The subject is considered as the investor of Phu My 3 Specialized Industrial Park in Ba Ria – Vung Tau Province. Its main products are land for lease; port & logistics services; residential complex; one-stop service. Phu My 3 Specialized Industrial Park is a key project of Ba Ria-Vung Tau Province, belonging to Province-based Economic Growth program of The Japan International Cooperation Agency (JICA). As the chosen model industrial park of both Vietnamese and Japanese governments, Phu My 3 Specialized Industrial Park has received precious supports from several government agencies. Phu My 3 Specialized Industrial Park has total area of 1,046 ha combined with modern synchronous international standards infrastructure. Over 50% of the company's customers are Japanese companies. Some of its partners and customers are Ashley, Olsuka, Sadesa, Coretronic, Daigas, Nippon Koei, Sojitz, Fuchs, Olsok, KDDI,…With good resilience through more than two years of the pandemic, the industrial park real estate industry is forecasted to maintain its growth momentum when business activities of enterprises recover and the wave of FDI inflows continues to move towards Vietnam. In addition, policies to attract FDI and improve infrastructure in the coming time such as Ring Road No. 3 and Ring Road No. 4 Projects, Bien Hoa - Vung Tau Expressway, Dau Giay - Phan Thiet Route,... also promote investors to return to invest in Vietnam. Land rent in the second half of 2022 is expected to continue to increase by an average of 8-20% over the same period last year, depending on the region. The occupancy rate of industrial parks in the third quarter of 2022 remains high, especially for the supply of ready-made industrial real estate. For these areas, the occupancy rate is usually over 90%, of which the occupancy rate of industrial zones in the northern area is about 83%, the one in the southern area it is about 84%. Land rental prices in the third quarter of 2022 increased slightly by about 5% compared to the previous quarter. These are positive signals for the company's business activities in 2022 and the following years.