The Leader - September/October 2008 - (Page 55) Y ou th IN k th eY’r e h ot, B u t the Y’ re No t: to p -10 o v e rrate D I Nv e s tme Nt De s tI NatI o Ns investors over the past five years. Since 2003, 144 projects US$3 and 4/sq. m. and allows investors to enjoy a host of worth US$10.5 billion, including PetroVietnam’s US$2.5 benefits, including: a perpetual 50 percent reduction in your NMCOR_AUG_biker_Leader.ai 7/31/08 billion PM 1:47:43 oil refinery and Tycoons Worldwide US$3 billion employees’ personal income tax as well as a corporate income steel project, have registax of 0 percent for four tered to invest in Dung years, 5 percent for an Quat. Today, the city is additional 9 years, and 28 well positioned to welpercent (the standard rate) come foreign investors. afterwards. A multipurpose deep Belo Horizonte, The unique ability to quickly sea port is currently located 300 miles north of improve the performance of under construction at Sao Paolo, is the capital midsized companies through Dung Quat; when comof Minas Gerais state in real estate. pleted, it is expected Brazil. With a population to handle three to five of 2.4 million, the metro million tons of cargo area is becoming a hub for annually. information technology, biotechnology, and alterInvestors here also native energy solutions have easy access to Chu – especially biodiesel fuel. Lai Airport, currently It has a long tradition as a a small-scale airport manufacturing center, in set to be upgraded to large part supported by its suit larger planes in skilled human resources. the next two years. Unskilled workers in the The city has an eduarea receive an average cated labor force includmonthly wage of VND ing a sizeable proportion 1.4 million (US$87.50), of workers with English while skilled workers speaking capabilities. receive VND 1.4 to 4 Colleges in the metro million (US$87.50 to area include Universidade 250) and engineers VND Federal de Minas Gerais, 4 to 5 million (US$250 Universidade de Estado de to 312.50). Minas Gerais, Pontifica Corporate Solutions Universidade Catolica de Dung Quat’s vocaStrategic Consulting • Transaction Management • Project Management • Facilities Management • Contract Management Minas Gerais and Centro tional training school, The new NorthMarq aligns NorthMarq Capital with the former service businesses of United Properties. Universitario. which graduates approximately 3,000 techniStill, wage rates 3500 AMERICAN BLVD W. SUITE 200 MINNEAPOLIS, MN 55431 888.299.9902 cally skilled – and often remain significantly northmarq com northmarq.com northmarq.com internationally certified below – by about 15 per– individuals each year, cent - those in Sao Paulo. ensures a steady pool of Loaded hourly wages aversuch human resources. The city’s future success is secured age $13.59 in the IT sector, $6.68 in the customer service not only by its growing infrastructure and educational sector, and $4.99 in the assembly sector. At $21.50/sq. m./ capabilities, but also by the seminal investments of major month, office space costs are also significantly less the [nimbility] C M Y CM MY CY CMY K 2 0 0 8 th e le aDe r 55 septemBer / octoBer http://northmarq.com http://northmarq.com
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