To implement the project "Provincial Base Economic Growth" (PBEG), JICA has officially arrived Ba Ria - Vung Tau to survey the situation and learn about preparing to build Specialized Industrial Park to support Japanese companies. Ba Ria - Vung Tau has 3 priority locations for Specialized Industrial Park construction, the Phu My Industrial Park III, B1 - Tien Hung and B1 - Ocean to attract investment in support industry. In the morning 13/01/2016, Mr. Kazama Toshio, executive director of the Phu My 3 Specialized Industrial Park had a meeting and worked with JICA.
As known, Phu My 3 was BR-VT option to develop special industrial parks to attract Japanese investors. This IP, Thanh Binh Joint Stock Company - Phu as an investor, has a total area of 999ha, including 4 main zones: Multi-sector industry and support industry; Heavy Industry; Port and logistics; Utility service area. With its strategic geographical location and transport connections is particularly advantageous as: Connecting with Cai Mep - Thi Vai deepwater port and 51 National road, Bien Hoa - Vung Tau highway, Phu My 3 Specialized Industrial Park has the potential and favorable conditions in the supply, freight, and promote international trade. During the meeting, JICA evaluated Phu My 3 Specialized Industrial Park will soon become the center of attraction for basic materials industry and logistics for key economic region in the south.