HCM City industrial zone offers small land plots to tenants

19:00 | 04/11/2016
New land lots of smaller size are available at the Hiep Phuoc Supporting Industrial Zone for supporting industry start-ups and small and medium-sized enterprises, the Hiep Phuoc Industrial Park Joint Stock Company has said.
hcm city industrial zone offers small land plots to tenants
Representatives of the Hiep Phuoc Industrial Park Joint Stock Company in HCM City sign lease contracts with tenants. - VNS Photo Thu Ngan

They range in size from 750sq.m, it said.

The company said it had begun to lease out land in the supporting industrial zone -- which is part of the Hiep Phuoc Industrial Zone -- since November last year, but the lots measured 1,500-2,700sq.m, it said.

Seeing the demand from companies and to respond to HCM City's plan to develop supporting industries, it decided to offer smaller plots of land, it said.

But the bigger ones are still available, Vuong Huu Man, general director of the company, said.

The Hiep Phuoc Supporting Industrial Zone now houses 34 projects on a total area of 22ha, he said.

To attract more tenants, the company said it plans many promotional and support programmes. It would provide free wifi, introduce tenants to partners in supporting industries and get banks to lend up to 70 per cent of cost.

The Hiep Phuoc Industrial Zone, built more than 20 years ago, houses 164 projects, including 22 foreign ones.

HCM City's biggest industrial zone is still under construction. Over 1,000ha of land is available now and another 1,000ha will be added in an upcoming phase.

Together with the launch of the smaller land lots, the company also signed lease agreements with five tenants, namely Anh Hung Construction Join Stock Company, Cat Phuong Joint Stock Company, GBP Plastic Company, Gon Sa Joint Stock Company, and International Pharmacy Company.

Three other companies received licences on the same day to invest in the zone.

VNS

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