We are the “RentsBuy Leading Property” on behalf of the Vientiane Industrial and Trade Area (VITA Park) is a private venture industrial estate located in close proximity to the capital. The Ministry of Planning and Investment of the central government of Laos officially ratified the establishment of the free-trade industrial economic zone VITA PARK on October 30, 2009.
Covering an area of 110 hectares, Vientiane Industrial and Trade Area has attracted investments from 53 companies thus far. Among them, 15 companies have completed their plant facilities and commenced operations. It is projected that an additional 30 companies will be operational in the park by 2018. Moreover, there exists a government contract for the provision of 500 hectares of land for future expansion.
Vientiane Industrial and Trade Area: Convenient Location
Situated 22 kilometers from the center of Vientiane Capital, the project site offers a strategic location for businesses.
VITA Park caters to a wide range of industries, including textile, shoe, cloth, bicycle, and electronic parts manufacturing plants. Additionally, it encompasses commerce-related establishments such as retail stores, trade centers, and commercial buildings. Services such as training centers, schools, hospitals, and hotels are also part of the park’s offerings.
With a total investment of 43,000,000 USD, VITA Park has been developed through a collaboration between the government and the private sector (Chinese Taipei). Notably, foreign investors have the opportunity to fully own 100% of the shares.
Efficient One-Stop Service Office at Vientiane Industrial and Trade Area
VITA Park provides a comprehensive one-stop service office, where investors can conveniently approach relevant government departments to address their specific requirements.
The park offers an attractive tax incentive of zero taxes on import and export, with the possibility of company profit tax exemption for up to 10 years.
A Brief History
Nam Wei Development Co., Ltd. initiated its land development business in the Laotian capital, Vientiane, in 2009. Later that year, on October 30, the Ministry of Planning and Investment of the central government of Laos officially ratified the establishment of VITA Park. The park is a joint partnership venture between the Laotian Government (holding 30% ownership) and Nam Wei Development Co., Ltd. (holding 70% ownership). It is divided into Phase 1 and Phase 2, spanning a total area of 252 hectares in Nonthong Village, Saythany District, 22 kilometers away from Vientiane City.
Additional Details for Vientiane Industrial and Trade Area.
Total area: 110 hectares with 500 hectares for expansion.
Developer: Nam Wei Development Co., Ltd
Year opened: 2011.
Electricity supply: 110 MVA substation.
Land Leasing: 0.025 – 0.06 USD/m2/month.
Electricity: 0.059 – 0.065 USD/Kwh.
Water Fee: 0.059 – 0.065 USD/Kwh.
Don’t miss out on the chance to secure your stake in VITA Park bright future. Contact us today to arrange a viewing and take the first step toward realizing your vision for this exceptional property!
Referent by https://www.lao-vita.com/
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