Hai Phong Industrial Park 1

1.Location of Industrial Park:

    Hai Phong Industrial Park has a prime location, because it is located in the center of the Northeast economic corridor, adjacent to deep-water port systems such as Dinh Vu and Lach Huyen and is synchronously connected. Expressway system in the Red River Delta region, railways and Cat Bi international airport:

– Synchronous traffic system, conveniently planned: 15 km from Hai Phong city center, 16 km from Cat Bi International Airport; 47 km from Cai Lan port; about 120 km from Hanoi capital; about 140 km from Noi Bai International Airport.

2.Project scale: 1329 hectares

3.Term of land use: until 2059

4. Industry groups attract investment:

– Electricity, electronic components, computer components

– Supporting industry, mechanical engineering, industrial machinery and equipment, aircraft components and spare parts.

– Heavy industry, paper, energy, food, pharmaceuticals.

– Logistics, Warehouse and petroleum business, liquefied petroleum gas business…

– Production of plastic products and packaging

– Production of components and office equipment.

 5. Infrastructure of the Industrial Park:

Advantage:

– Power is provided continuously and stably through a 110/22KV transformer station with a capacity of 4 x 63 MVA. Medium voltage network (22KV) is provided along internal roads.

– Clean water supply system with capacity of 30,000 m3/day and night

– Rainwater and wastewater drainage systems are built and treated separately: Wastewater is collected to the treatment station (phase 1 with capacity of 10,000m3/day) before being discharged into the environment.

– The telecommunications system meets international standards and is always ready to meet the needs of communication and high-speed data transmission with integrated domestic and international postal services.

– Port of Industrial Park has an area of 65 hectares, located in Dinh Vu – Cat Hai Economic Zone. The port has a system of seven 1,5 km long wharves, invested in modern crane equipment and advanced management software, capable of accessing ships with a tonnage of up to 40 thousand tons in and out to handle cargo. The port has a total capacity of two million TEUs and three million tons of cargo; Total investment amounted to 6,000 billion VND and has now become the largest port in Dinh Vu area – the most dynamic area in seaport development in Hai Phong.

+ Besides the favorable geographical location, the labor force is also an advantage of the Port city. By 2023, Hai Phong has 1.3 million workers, of which 75% have been trained. In particular, Hai Phong is the center of the Northern coastal region, which has a total population of over 20 million people, and is a rich human resource for Hai Phong. With a system of 4 universities and more than 60 colleges and vocational schools, it can be affirmed that Hai Phong has high-quality human resources that can meet the requirements of high and modern technology.

 6. Support incentives when investing in industrial parks in Hai Phong province

Corporate income tax

Newly established cooperatives and permanent establishments due to investment projects are subject to a corporate income tax rate of 10% for 15 years from the time the project begins production and business activities; Exemption from corporate tax for 04 years from the date of taxable income and a 50% reduction in tax payable for the next 09 years;

Personal income tax

Vietnamese citizens and foreigners working in economic zones are entitled to a 50% income tax reduction on income subject to corporate income tax.

Export tax, import tax

 – Export and import goods do not have to pay export tax or import tax in the following cases:

– Goods from the non-tariff zone exported to foreign countries.

– Goods from foreign countries are imported into the non-tariff area and can only be used in this area.

– Goods are transferred from one non-tariff zone to another.

Vat Tax

-Goods and services purchased between foreign countries and non-tariff zones and between non-tariff zones are not subject to value added tax.

-Goods and services sold and supplied in the non-tariff zone are subject to a value-added tax rate of 0%.

Special consumption tax

-Goods are not subject to special consumption tax in the following cases:

-Goods imported from foreign countries into free trade areas.

-Domestic goods are sold in the non-tariff zone and can only be used in the non-tariff zone.

-Goods traded between non-tariff zones, except passenger cars with less than 24 seats.

Land rent, water surface rent

-For the entire rental period, property rent and water surface area are exempted in the following cases:

-Investment projects in special investment incentive areas are invested in extremely difficult socio-economic areas.

The project uses land to build housing for workers in an industrial park.

– Land to build infrastructure for industrial parks.

– Exemption from ground rent and water surface rent after the expiration of the ground or water surface rental term during the construction period:

– 11 years for investment projects in areas with particularly difficult socio-economic conditions.

– 15 years for projects in the list of investment incentive fields or investments in areas with particularly difficult socio-economic conditions.

7. About land leasing price

Infrastructure usage fee 105 USD/m2/1 project life cycle until 2059 (Note: land rental price depends on location and amount of land leased)

– Management fee 0.5 USD/m2/year

– Clean water price is 0.4 USD/m3

– Wastewater treatment price is 0.3 USD/m3

– Electricity price: according to Vietnam’s electricity price regulations.