HOA PHU FILM STUDIO PROJECT
| The goal of the project is to build, subsequently maintain and operate as a multi-faceted studio, inclusive of all variety operations such as film production, co-operated film production, film studio for rent, enter- tainment complex - tourism- restaurant - hotel, etc. |
| HOA PHU FILM STUDIO PROJECT Location - Hoa Phu Commune, Cu Chi District, Ho Chi Minh City. - 35km to Ho Chi Minh City Center, 6km to Thu Dau Mot Town, Binh Duong Province. - It locates along the 8 highway (which goes through Ho Chi Minh City and Binh Duong Province). Objective The goal of the project is to build, subsequently maintain and operate as a multi-faceted studio, inclusive of all variety operations such as film production, co-operated film production, film studio for rent, enter- tainment complex - tourism- restaurant - hotel, etc… Project Scale - Investment capital : depending on the Joint- venture Company (JVC). - Area : approximately 50 hectares. Site clearance Relocation and compensation are completed; the site is ready for development. Functional area This scale sketches out the demand, when HTV find out an official partner, parties shall discuss and bring out scale and give details. Area of project will follow the demand in the short term as well as the develop- ment factors in the future and exact investment part. Outdoor studio area: - Proposed construction area: 24.83ha, building density is 3.26% (=0.81ha). - Outdoor studio area 1 & 2: basing on available landscape, JVC will amend suitable to specific landscape of Vietnam and some of nations in the area. To base on actual state, Joint-venture Company will consider carefully maintaining and building one of suitable project, and plant more trees, dig lakes, create hills and forest – swamp – river, stream, and build some typical projects. - Outdoor studio area 3: this area will be designed only for danger scenes as war, fire, and other adventure stages, no architectural achievement in this area. Indoor studio area: - Proposed construction area: 5.02ha, building density is 52.98% (=2.66ha). - There will be built two studios, hospital and area for park that provide for designing fine art, used for some kind of indoor films. Beside, technology workshops will be built as creating props room, mon- tage room, dubbing room, printing/copying room, projection room, repairing mechanical room, and other technology services. - All architectural projects that will be built in this area can be set up indoor studio. Management area: - Proposed construction area: 3.047ha, building density is 49.88% (=1.52ha). - There will be built an office to manage all activities of studios, a hotel for film - makers, tourists, sport area, swimming - pool. Service area: - Proposed construction area: 4.71ha, building density is 8.06% (=0.38ha). - There will be built a projection area, high technique room, make-up room, exhibit area, outdoor stage, restaurant, selling-souvenir area, parking, transformer station for management and service area. Other function area: - Proposed construction area: 4.073ha, building density is 1.84% (=0.075ha). - There will be built water supply station, waste water treatment station, transformer station for all film studio, large parking which can use to film/set up adventure or imposing scene. Besides, there are a vacant area to arrange transmitter and receiver equipments and tree barriers. Technology infrastructure system: - Proposed construction area: 7.88ha. - There will be built transportation system inter-area, power supply system, lighting system, water supply system, drainages, information communication, etc… Technology equipment: - There will be invested some of modern technology equipments to complete with film studios in the area.
Expectation expense: - Outdoor studio area : 5.00 million USD - Indoor studio area : 12.00 million USD - Management area : 12.50 million USD - Service area : 4.50 million USD - Other function area : 1.00 million USD - Technology infrastructure system : 5.00 million USD - Technology equipment : 20.00 million USD - Project establishment expense (Research, planning, investment report, checking and approval, and other expenses): 1.00 million USD - Total expectation expense for building : 41.00 million USD - Total expectation expense for equipment : 20.00 million USD - Expectation expense for renting land, using land and tax for using land (not include remission): 7.50 million USD - Total : 68.50 million USD - Standby expense : 6.50 million USD - Total expectation investment : 75.00 million USD Construction standards - The area for constructing works : 21% (=10.368ha). - The trees and transportation : 79% (=39.192ha). The preferential investment policies - Exemption/remission Value Added Tax (VAT). - Exemption/remission Import Tax for equipment. - Exempting/remission the Business Income tax. - Exempting/remission land use Tax. The attached picture, map and relevant documents - The master project map (rate 1/500). - The Decision No 2108/QĐ-UB dated on 17th May, 2002 of Ho Chi Minh City People’s Committee (Ref.: agreement for HTV making Project Developer). - The Decision No 4695/QĐ-UB dated on 14th November, 2002 of Ho Chi Minh City People’s Com- mittee (Ref.: revoking land to prepare investment film studio Hoa Phu). - The Decision No 2108/QĐ-UB dated on 17th May, 2002 of Ho Chi Minh City People’s Committee (Ref.: approving Pre-study investment film studio Hoa Phu). - The Law on Enterprise as approved by the National Assembly of the Socialist Republic of Vietnam on 29 November, 2005 and the documents under Law. - The Law on Investment as approved by the National Assembly of the Socialist Republic of Vietnam on 29 November, 2005 and the documents under Law. - The Law on Construction as approved by the National Assembly of the Socialist Republic of Viet- nam on 26 November, 2003 and the documents under Law. - The Law on Land as approved by the National Assembly of the Socialist Republic of Vietnam on 26 November, 2003 and the documents under Law. - … Investment Form Set up Joint-venture Company (JVC): - HTV shall co-operate with a foreign partner to set up an investment building Joint-venture Com- pany. The JVC will be a limited company that has legal entity under Vietnam Law. All activities of JVC will be under Vietnam Law and international rules that Vietnam has come to agreements. Activity period of Joint-venture Company: - Expectation activity period of JVC is 40 years as from receiving Investment certificate. Investment capital, capital structure, contribution by right of land use, contribution by cash: Total in- vested capital of the JVC is estimated to be 75.00 million USD. In there, Legal capital is 56.00 million USD, contributed by both sides and loans or credits of Joint-venture Company are 19.00 million USD. - HTV- Vietnam side: o HTV uses right of land use and use land with correct target of project above in minimum term (40 years). Distribution of HTV in legal capital is specific land cost with checking at distribution time and all expense is spent for having the land (HTV does not contribute by cash). The land’s value is 12.50 million USD that is equivalent 29% legal capital, which is specified ownership rate of HTV in Joint-venture Com- pany. o HTV shall procure the issuance of the Investment Certificate, the issuance of a Land Use right Cer- tificate in the name of the JVC, which shall allow the JVC to use for 40 years. - Foreign partner: o Distribution of foreign partner in legal capital is about 43.50 million USD by cash, by equipment and project establishment expense (approximately 1.00 million USD). o Project establishment expense must be agreed by authorities concerned of Vietnam. Distribu- tion by equipment and raw material must be submitted by invoices, documents and must be agreed by Vietnam side. o Distribution of foreign partner is equivalent 71% specified ownership rate of foreign partner in Joint-venture Company. o Having finance ability and experience in film studio business. It is only envisaged alternative; bet- ter proposal might be discussed to get optimum business solution.
Project Developer HO CHI MINH CITY TELEVISION (HTV) 9 Nguyen Thị Minh Khai Street, Ward Ben Nghe, District 1, Ho Chi Minh City, Viet Nam. Tel: 84.8.3829 7714. Fax: 84.8.3910 3082.
E-mail: kehoach@htv.com.vn. Contact person: Mr. Nguyen Dinh Ngoc – Deputy Manager – Department of Planning and Project. |