With its strategic location, extensive land areas, and the potential of Ba Ria – Vung Tau province, the Chau Duc Urban Industrial Park & Golf Course has seen a considerable increase in investment.
The recent launch of numerous key projects, including Ring Road 3, Bien Hoa – Vung Tau Expressway, Phuoc An Bridge, and the construction of connecting roads to expressways, national highways, industrial parks, seaports, and airports, have significantly expanded the development space in Ba Ria – Vung Tau (BR-VT), resulted in enhanced attractiveness of the industrial parks on the provincial territory. Among these, the Chau Duc Urban Industrial Park & Golf Course stands out as a focal point for investment.
Chau Duc Industrial Park boasts extensive uncontested land areas and comprehensive infrastructure
Invested by Sonadezi Chau Duc Joint Stock Company (HoSE: SZC), a subsidiary of the Sonadezi Corporation. the Chau Duc Urban Industrial Park & Golf Course covers a total area of 2,287 ha. It is one of the large-scale mixed-use industrial parks in the southern region of Vietnam, consisting of Chau Duc Industrial Park (1,556 ha), Chau Duc Urban Area, and 36-hole Golf Course (~ 690 ha).
According to investor evaluations, the Chau Duc Urban Industrial Park & Golf Course’s attractiveness stems from its diamond-valued location: adjacent to National Highway 56, ~13 km from National Highway 51, ~4 km from the Bien Hoa – Vung Tau Expressway, 44 km from Vung Tau City, ~16-19 km from the Thi Vai – Cai Mep Port System, and ~ 54 km from Long Thanh International Airport. Taking advantage of Chau Duc Urban Industrial Park & Golf Course’s regional connections, Chau Duc Industrial Park has attracted over 90 domestic and foreign enterprises.
Foreign enterprises (FDI) in Chau Duc Industrial Park hail from South Korea, China, Taiwan, Hong Kong, etc. Their sustainable operations here have benefited both the local workforce and the economy. Several noteworthy names include SH Solar Farm Vina, Uy Viet Shoes, Woory Vietnam, Air King, Suh Lim Vina, Magikan Vina, Zirtec, LTP Global Vina, Sung Jin, Chyuan Wan, and Siba.
Additionally, numerous businesses from neighboring industrial parks in Ho Chi Minh City, Dong Nai, and Binh Duong have placed their faith in Chau Duc Industrial Park for the purpose of expanding their operations, including the establishment of satellite factories and the development of production chains.
As of September 2023, Chau Duc Industrial Park recorded an occupancy rate of about 50%, attracted nearly USD 639 million and VND 7,191 billion in investment, and created jobs for more than 15,000 people.
Chau Duc Industrial Park is a perfect example of SZC’s efforts to accommodate large corporations that are shifting their investment focus to Asian countries, including Vietnam. Besides diligent preparations in terms of industrial infrastructure, social infrastructure, and supportive services, SZC also offers over 300 ha of land that is available for lease or transfer.
Beyond that, to increase value for customers, SZC has invested in a PGA-standard 36-hole Chau Duc Golf Course, of which one of the two main areas, 18-hole Resort golf course, is fully operationalized. Up to now, the Chau Duc golf course has attracted over 42,000 visitors.
Chau Duc Golf Course has been put into operation
Regarding the Chau Duc Urban Area, SZC offers a diverse range of products to cater various customer segments, including shophouses, townhouses, golf villas, affordable housing, etc., with shophouses and townhouses commercilized in Phase 1 and Phase 2. Amenities, such as commercial centers, schools, hospitals, and medical stations, are also well-equipped. Currently, SZC is preparing necessary permits for its Northern Urban Area project, affordable housing projects, and social infrastructure projects like cultural houses and commercial centers.
Sonadezi Huu Phuoc Residential Area in Chau Duc Urban Area
Accoding to Mr. Nguyen Van Tuan, CEO of SZC, alongside the company’s supports, the Chau Duc Urban Industrial Zone & Golf Course benefits from the outstanding advantages of the BR-VT province. Geographical location and deep-water port system facilitates import and export activities, while robust transportation infrastructure, logistics chain, and amenities expedite commerce, services, and tourism. Finally, favorable investment and business environment and active guidance from local authority constitute a decisive factor for investment decisions.
Mr. Nguyen Cong Vinh, Member of the Provincial Party Committee, Vice Chairman of the Provincial People’s Committee of BR-VT, stated, “The new one-stop mechanism in BR-VT has shortened the processing time for administrative procedures regarding the investment registration. To build trust with investors and attract more investment, BR-VT authority also focuses on accelerating land allocation, land leasing, and land use certificates granting.” (Source: Mr. Nguyen Cong Vinh’s interview conducted by BR-VT provincial television).
BR-VT is positioned as the fifth highest nationalwide in terms of foreign direct investment (FDI). It has attracted more than 450 FDI projects, with a cumulative registered investment capital of around USD 30.8 billion.