Indonesia's Jababeka Group eyes investment in central Vietnam

July 16, 2017 | 13:33

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Indonesia's Jababeka Group visited four central localities in Vietnam, namely Danang, Quang Nam, Thua Thien-Hue, and Quang Tri from July 10-13 to seek investment opportunities.

Jababeka Group meets with Quang Tri leaders

At meetings with local authorities, the visit focused on the possibilities of investing in urban areas, industrial parks (IPs), and modern services in these localities, which are the pioneers of IP development.

At a meeting with Quang Tri leaders, Budianto Liman, CEO of Jababeka Group, expressed interest in investing in Dong Nam Economic Zone (EZ), which is offering high incentives.

At present, many projects in Dong Nam EZ are awaiting the outcome of the My Thuy International Seaport project, which is still seeking government approval. About 10 projects have been registered in the EZ with a total investment capital sum of VND62.3 trillion ($2.83 billion), focusing on seaport services, thermo-power, energy, and infrastructure.

In Thua Thien-Hue, the Indonesian group is keen on investing in an urban, industrial and service complex project in Chan May-Lang Co EZ and IPs.

At present, incentives on offer at EZs are considered the highest of their kind in Vietnam. The incentives include a CIT exemption for the first four years after generating taxable income, a 50 per cent reduction in CIT for the next nine years, and a 10 per cent CIT for the first 15 years of operation.

As the first publicly listed industrial estate developer in Indonesia, Jababeka is a leading industrial estate developer in Southeast Asia. Its famous projects include Kota Jababeka, Kendal Industrial Park, Park by the Bay, and Tanjung Lesung.

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