On the afternoon of July 10, 2025, the Ba Ria – Vung Tau Industrial Zones Authority, in collaboration with the People’s Committees of Tan Phuoc and Tan Hai Wards (Ho Chi Minh City), and Thanh Binh – Phu My JSC (developer of Phu My 3 Specialized Industrial Park), hosted a conference to introduce the implementation of the two-tier local government model at PM3 SIP.

At the event, Mr. Vo Thanh Phong – Head of the Ba Ria – Vung Tau Industrial Zones Authority – emphasized that the model aims to bring government services closer to people and businesses, thereby improving service quality and cutting administrative processing time by up to 30%. Streamlining management levels will also facilitate faster licensing and smoother project implementation for investors.

Mr. Phong further noted that most administrative procedures are now processed centrally via a one-stop mechanism managed by the IZ Authority. This eliminates the need for investors to contact multiple agencies, especially for procedures related to planning, environmental approvals, and more—all of which can be submitted through the National Public Service Portal.

Mr. Nguyen Hoai Duc, Deputy General Director of Thanh Binh – Phu My JSC, shared that starting from July 1, 2025, new regulations on decentralization in the construction sector will officially take effect. This marks a major step in the transition to the two-tier local governance model. Approximately 130 administrative functions will be reassigned, including nearly 100 transferred from the district to the commune level—such as construction permitting, site inspection, and acceptance of completed works. Many other responsibilities will also be delegated to local governments to better serve residents and businesses.

The planned consolidation of IZ management authorities across Ho Chi Minh City, Binh Duong, and Ba Ria – Vung Tau will form a unified governing body overseeing all 105 industrial parks in this emerging industrial megaregion. Currently, these parks host around 5,530 active projects with a total registered capital equivalent to approximately USD 75 billion.

🎯 Phu My 3 Specialized Industrial Park sincerely thanks our valued investors for your trust and continued partnership.
We remain committed to standing by your side, providing full support as you reach new milestones—faster, more efficiently, and more sustainably—in the journey ahead.

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