Huu Thanh Industrial Park, Long An Province

Huu Thanh Industrial Park was established under Decision No. 3469/QD-UBND dated August 26, 2016 of Long An Provincial People’s Committee and was granted the first Investment Certificate by the Long An Economic Zone Management Board on August 16, 2019.

I. Overview of Huu Thanh Industrial Park

RSL Group would like to introduce an overview of the Huu Thanh Industrial Park project as follows:

• Name: Huu Thanh Industrial Park (Huu Thanh IP)
• Location: Huu Thanh commune, Duc Hoa district, Long An province.
• Area: 524 hectares
• Occupancy rate: 30%
• Operating term: 50 years (2019 – 2069)
• Industry attracting investment: Manufacturing electrical equipment and electronic components; Electronics and information technology industry; Manufacturing, repairing, assembling motorbikes, cars, tractors and other means of transport; Mechanical industry; Production of construction steel; Wooden furniture production; Ceramics, glass, crystal industry; Production and distribution of gas, industrial gas, medical gas; Producing products for agriculture; Production of cosmetic chemicals, industrial chemical additives; Production of veterinary drugs, production of medicinal ingredients; Production of tools, supplies, and stationery equipment; Center for research, development and application of technology…

Huu Thanh Industrial Park is a multi-industry industrial park, in which the investment attraction policy of Long An province is industries using modern technology, saving resources, land, energy, water, environmentally friendly, pervasive, promoting supporting industries and service activities…

II. Location of Huu Thanh Industrial Park

Huu Thanh Industrial Park has a strategic location, adjacent to Ho Chi Minh City, near main traffic axes such as Ho Chi Minh City – Trung Luong – Can Tho highway; 1A highway; Provincial Road 10, Belt 3, Belt 4 (in the future)

Region connection:

• North: adjacent to Tan Duc Industrial Park Phase 2
• East: adjacent to Hai Son Industrial Park
• West: adjacent to the worker residential area of Huu Thanh Industrial Park and about 150m from DT 830 road
• South: adjacent to Century Industrial Park and Xang Nho Canal

Distance:

• To Cat Lai port; Long An International Port: 50 – 55km
• To Tan Son Nhat International Airport: 35km

III. Infrastructure in Huu Thanh Industrial Park

Huu Thanh Industrial Park is located in the Southern Key Economic Region, a dynamic economic region with a particularly important role in Vietnam’s economic development strategy.

• Internal traffic: Road N2 connecting to Provincial Road 830: 55.0m. Road for vehicles: 7.5m x 2 lanes; Road D3a: 45.0m.
• Electricity system: From the National grid managed and provided by Long An Electricity.
• Clean water system: Phu My Vinh Company, capacity about: 20,000 m3/day.
• Wastewater treatment system: Capacity: 4,000 m3/day.
• Telecommunications system: Complete, ensuring easy domestic and international communication including telephone, mobile phone, Fax, Internet for investors.

IV. Investment costs

• Management fee: 0.65 USD/m2/year
• Electricity price: Peak hour: 2,871 VND/kWh Normal hour: 1,555 VND/kWh No-load hours: 1,007 VND/kWh Unit price of 22kV electricity without VAT (according to regulations in Decision 648/QD-BCT dated December 20 February 2017 of the State)
• Water price: 12,100 VND/m3 (VAT included) (according to Decision 1491/QD-UBND dated April 26, 2019 of Long An Provincial People’s Committee)
• Wastewater treatment fee: 0.5$/m3
• Labor costs: Currently, Huu Thanh Industrial Park is located in a densely populated area, with an abundant labor force with an average salary:
  – For unskilled workers: 300 – 350 USD/person/month.– For technical workers: 500-600 USD/person/month.

V. Investment incentives

Enterprises in Huu Thanh Industrial Park enjoy preferential investment policies as follows:

• Corporate income tax rate: 20%
• Tax incentives: The preferential tax rate is 17% for 10 consecutive years from the first year of revenue from the project. When this preferential tax rate expires, businesses will switch to applying the 20% tax rate.
• Tax exemption for 02 years and 50% reduction for the next 04 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.
•  Import tax: Enterprises are exempt from import tax on imported goods according to the provisions of law.

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RSL Group – Comprehensive industrial real estate ecosystem
Hotline: 0912.94.93.93 – Ms. Thanh Ha
Website: https://www.rslgroup.vn/
Email: info@redsunland.vn

Source: redsunland.vn