“Falling back on the rich in-house experience in port-related developments, Rent-A-Port and its partners have successfully developed Dinh Vu Industrial Zone in the north of Vietnam,” said Mr Frank Wouters, General Director of the Dinh Vu Industrial Zone Joint Stock Company, Representative of Rent-A-Port in Vietnam. Le Hien reports.
Can you please share the success of the Dinh Vu Industrial Zone (DVIZ)?
DVIZ is developed by an international consortium between foreign partners consisting of Rent-A-Port, InfraAsia Investment and InfraAsia Project Management and Consulting Company and local government (Haiphong People’s Committee), of which Rent-A-Port plays as the biggest shareholder.
Rent-A-Port is the Belgian company who specialized in the development of marine infrastructures and industrial zones. Falling back on the rich in-house experience in port-related developments, Rent-A-Port and its partners have successfully developed DVIZ in the north of Vietnam. It has attracted more than 55 projects and over US$3 billion of investment capital up till now. The industrial zone has particularly been a fruitful destination for the international business community, of which many Japanese, Singaporean, German, Hong Kong and other nationalities in various sizes and industries are present herein.
We expect to lure additional foreign investment capital of US$300 million in this year 2015 from those counties mentioned above.
How do you differ your services from that of the other industrial zones?
We make our best effort to provide and improve our complete infrastructure and reliable utilities for the investors. The electricity distribution network in DVIZ has just been upgraded in August last year, switching from the overhead to the underground lines and integrating equipment from top-notch providers such as LS-Vina and ABB. This was done to achieve the zero power incident target. In addition, DVIZ is also having its Waste Water Treatment Plant ISO-certificated following the capacity expansion to 6,500 m3/day to cater for its growing client community. A new firefighting hydrant system is also in place with a pressure of up to 7 bars and a capacity of 1,000 m3 sufficient for usage of more than 2 continuous hours. Existing and potential investors will surely have complete peace of mind for their operation in the zone.
All utilities are connected to the border of the Land plot of each tenant.
What is your long-term vision for your shareholder in Vietnam?
Following the success of DVIZ and catching up on the rising inflow of FDI from Japan, Korea, other Asian countries and Europe, Rent-A-Port and its other partners have duplicated the model further to the immediate neighbourhood with a total area of more than 1000 ha expansion. Rent-A-Port has teamed up with the local government to fulfil expansion and develop in the north of Vietnam. These projects will take advantage of the direct access to the future Haiphong International Gateway Port of 100,000 DWT through the longest sea-crossing bridge in Vietnam.
Haiphong and Quang Ninh as the 2 key players in Vietnam’s Northern Economic Triangle have been receiving extra central attention in terms of infrastructure development and tax incentives, including better connection to Hanoi through the new Haiphong – Hanoi Highway No. 5 and Cat Bi International Airport upgrade, and in terms of economic zone tax incentives which are being enjoyed by those industrial zones listed above. These infrastructures and policies will greatly benefit the investors in the IPs developed by Rent-A-Port.
With long term vision in Vietnam, Rent-A-Port and its shareholders commit to cooperate with clients since the project study stage, to deal with the problem during the project execution so that clients can concentrate on their core business. We also aim to provide reliable environment for the investor to develop and grow their business in Vietnam.
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