[Dong Nai] Nhon Trach 1 Industrial Park Project

Nhon Trach 1 Industrial Park belongs to Nhon Trach new urban area, located in the industrial city planning with a scale of 8,000ha, including airport system, port, industrial park, residential planning area, entertainment area…
Convenient for road, waterway, air traffic, the Industrial Park is 45km from
Ho Chi Minh City, 40km from Bien Hoa City, 60km from Vung Tau City…

The area has a temperate climate (20-30oC), no storms and earthquakes, high soil bearing capacity (1.5-2.5kg/cm2) so it saves costs and is convenient for the implementation of factory construction.

Currently, the Industrial Park has been chosen by many investors from Korea, Taiwan, Switzerland, Malaysia, France, America… to invest in developing factories.

– 22kV electricity price does not include VAT (according to the State’s regulations Decision 648/QD-BCT dated March 20, 2019):
+ Normal hours: 1,555VND/kWh
+ Peak hours: 2,871VND/kWh
+ Off-peak hours: 1,007VND/kWh

Water supply:

– Water supply source: Factories in the Industrial Park are supplied with water from Tuy Ha Underground Water Plant with a capacity of 22,000m3/day and night provided by the Investor IDICO-URBIZ.

– Water price according to the regulations of Dong Nai province.

Communication:

The communication system is provided by network operators such as: VNPT, FPT, Viettel… ensuring smooth communication domestically and internationally. Including full services such as: telephone, mobile phone, Fax, Internet…

Drainage:

Including: Rainwater drainage system and wastewater drainage system are planned and built separately, running along internal roads to ensure the collection of all rainwater and wastewater from factories in the industrial park.

– Rainwater is drained directly into the receiving source.

– Wastewater is collected to the industrial park’s centralized wastewater treatment plant and thoroughly treated, meeting required standards before being discharged into the environment.

Wastewater treatment:

The centralized wastewater treatment plant located in Nhon Trach 1 Industrial Park has a treatment capacity of 6,000m3/day and night. Currently, IDICO-URBIZ is carrying out investment procedures to renovate and upgrade the wastewater treatment plant to 10,000m3/day and night.

Transportation inside and outside the Industrial Park:

* Road: Nhon Trach 1 Industrial Park is located in the center of the Southern key economic region including Ho Chi Minh City – Bien Hoa – Vung Tau, convenient for road and waterway transportation.

The road system includes: Road 25B connecting with National Highway 51 to Ho Chi Minh City (50km), to Bien Hoa (40km), to Vung Tau City (60km)

* Waterway:

Nhon Trach 1 Industrial Park is located:

– Saigon Port 48km.

– Vung Tau Port 60km.

– Phu My Port 22km (Ensuring 72,000-ton ships to dock and load and unload containers and oversized, overloaded machinery and equipment).

– Go Dau Port 15km (Ensuring 15,000-ton ships to dock and load and unload containers, goods and machinery and equipment)

Facilities

Nhon Trach Industrial Park Police Station:
Address: Tran Phu, Phuoc Thien, Nhon Trach, Dong Nai
Phone: 0251 3569 700
Nhon Trach Industrial Park Police Station, supporting security and order in the Industrial Park area
Nhon Trach Fire Prevention and Fighting Police Department
Address: Road No. 2, Phuoc Thien, Nhon Trach, Dong Nai
Phone: 0251 3569 696
Nhon Trach Fire Prevention and Fighting Police Department, supporting security and order in the Industrial Park area

INDUSTRIES ATTRACTING INVESTMENT IN NHON TRACH INDUSTRIAL PARK 1

• Manufacturing and processing of mechanical equipment, iron and steel;
• Manufacturing of construction materials, manufacturing and repairing of motorbikes and equipment;
• Electricity, electronics;
• Manufacturing and processing of leather shoes and garments;
• Processing of industrial products and food;
• Other non-polluting industries…

Currently, the industrial park has filled 100% of its area, with many investors from many different countries investing in developing factories in the industrial park, typically the following companies: Hwasung Vina Company, Posco VST Company, Tong Cook Company…

INVESTMENT INCENTIVES

• 1. Corporate income tax rate: 20%
  2. Tax incentives:

– The preferential tax rate is 17% for 10 consecutive years from the first year the enterprise has revenue from the project. After the period of applying this preferential tax rate, the enterprise will switch to applying the tax rate of 20%.

• 3. Tax exemption for 2 years and 50% reduction for the next 4 years from the date of taxable income.>

+ The tax exemption and reduction period is calculated continuously from the first year the enterprise has taxable income from the project;

+ In case the enterprise has no taxable income in the first three years (from the first year of revenue from the project), the tax exemption and reduction period is calculated from the fourth year.

• Basis for determining tax incentives: Decree No. 218/2013/ND-CP dated December 26, 2013; No. 118/2015/ND-CP dated November 12, 2015. 4. Import tax: Enterprises are exempted from import tax on imported goods according to the provisions of Article 16 of the Law on Export Tax and Import Tax No. 45/2005/QH11 dated June 14, 2005 and Article 12 of Decree No. 87/2010/ND-CP dated August 13, 2010 of the Government detailing the implementation of a number of articles of the Law on Export Tax and Import Tax.

INVESTMENT PROCEDURES IN NHON TRACH INDUSTRIAL PARK 1

1. Investors learn about industrial park information and land lease conditions with IDICO.

2. Agree on the conditions to sign a Land Lease Memorandum with IDICO:

– The Land Sublease Memorandum is valid for 04 months;

– Deposit to hold the land equivalent to 10,000 USD/ha. The deposit will be deducted from the payments according to the official Land Sublease Agreement;

– During the 04-month period of the Land Sublease Memorandum, the investor will carry out the procedures to be granted an Investment Certificate; Establish a Project enterprise to be able to sign a Contract with IDICO.

3. Procedures to be performed:

3.1. Carry out the procedure for requesting approval of the investment policy with the Investment Registration Agency (Time 15-30 days).

3.2. After the investment policy is approved, the Investor continues to carry out the procedure for granting the Investment Registration Certificate (Time about 15 days);

3.3. At the same time, carry out the procedure for preparing and requesting approval of the Environmental Impact Assessment Report at the EIA Appraisal and Approval Agency (Time about 60-90 days).

3.4. After receiving the Investment Registration Certificate, the Investor carries out the procedure for establishing a Project Enterprise (Time within ~3 days)

3.5. Within 30 days from the date of being granted the Investment Certificate, the Investor signs a Land Sublease Contract with IDICO.

3.6. Carrying out procedures for granting a Construction Permit:

– After the Investor signs the Land Lease Contract; At the same time, the Project has its Environmental Impact Assessment Report approved; The Fire Prevention and Fighting Design is approved, the Investor carries out procedures for applying for a Construction Permit.

– After being granted a Construction Permit, the Investor proceeds to implement the Project construction.