Que Vo 1 Industrial Park, Bac Ninh Province

I. Overview of Que Vo 1 Industrial Park

Que Vo 1 Industrial Park was established under the Prime Minister’s Decision No. 1224/QD/TTg on December 19, 2002. Que Vo is the largest and considered most important industrial park in Bac Ninh Province. With a total area of 600 hectares, the construction is divided into two phases: Phase 1 (2002-2052) with a total area of 300 hectares, and Phase 2 (2006-2056) with a total area of 300 hectares.

RSL would like to give a brief description about Que Vo 1 Industrial Park as follows:

• Name: Que Vo 1 Industrial Park
• Location: Nam Son, Que Vo, Bac Ninh
• Developer: Kinh Bac City Development Holding Corporation
• Operation period: 50 years (2002-2052)
• Area (phase 1): 300 hectares
• Occupancy rate: 90%
• Preferred industries: Mechanical assembly, production of spare parts and electronic components; Consumer goods production, handicrafts; Textile industry; Food processing and agricultural products, and several other industries.

Over 20 years of operation, Que Vo Industrial Park has attracted more than 100 investment projects, primarily foreign investments. Notable investors are Canon, Foxconn, Mitac, DK UIL, Nippon Steel, Toyo Ink, Tenma, VS Group, Sentec, Nippon Zoki, Bujeon, Long Tech, Youngbo, Goertek, among others.

Workforce: The workforce is young and highly skilled, who are trained in colleges, high schools, and vocational training centers within the province and neighboring regions, promising to meet the recruitment needs of investors.

II. Location of Que Vo 1 Industrial Park

Que Vo 1 Industrial Park is situated along an important route: National Highway 18 which connects Hanoi with Quang Ninh and 800 meters far from National Highway 1 leading to Lang Son border gate. The industrial park is also located near the central administrative area of Que Vo district, and adjacent to Bac Ninh city. 

This strategic location connects major economic centers such as Hanoi, Hai Phong, Quang Ninh, as well as Noi Bai International Airport and international seaports, making it highly convenient for the transportation and import-export.

Distance:

• To Hanoi Capital: 33km
• To Noi Bai International Airport: 30km
• To Hanoi Railway Station: 35 km
• To Cai Lan Port (Ha Long City): Approximately 110 km
• To Lang Son Border Gate (Vietnam-China): Approximately 125 km
• To Hai Phong Port: Approximately 120 km

III. Infrastructure in Que Vo 1 Industrial Park

• Transportation system:
  The central road in the industrial park is 32 meters wide, the main road is 22.5 meters wide, and the frontage road is 17.5 meters wide.
• Power supply system:
  Que Vo 1 Industrial Park is supplied with national grid electricity from the 110/22kV substation with a capacity of 2×40 MVA. 
• Street lights:
  The street lighting network is designed separately from the household power supply system and is arranged along the traffic routes.
• Water supply system:
  Clean water is supplied with a capacity of 30,000m³ per day.
• Rainwater and wastewater drainage system:
  The rainwater drainage system flows along the roads and into the canals arranged around the industrial park, eventually draining into the surrounding channels and rivers.
• Wastewater drainage system:
  The wastewater drainage system is arranged along the roads and concentrated at the industrial park’s treatment station.
• Waste management:
  Waste is collected at a central sorting area and transported to a centralized waste treatment area with a capacity of 60 tons per day.
• Wastewater treatment:
  Industrial and domestic wastewater is collected and treated with a capacity of 20,000m³ per day before being discharged into the canal. The wastewater amount is calculated at 80% of the supplied water volume.
• Communication system:
  Que Vo 1 Industrial Park has built a modern information technology system to meet multi-service communication needs, including data transmission, internet, cable TV, video conferencing, telephone, and fax over IP.
• Fire protection:
  The fire protection system meets national standards, with fire hydrants arranged along the industrial park roads at intervals of 150 meters per hydrant, ensuring firefighting efficiency in case of incidents.

Other amenities:

• Customs services:
  The bonded warehouse in Que Vo 1 is located right in the center of the industrial park, facilitating warehousing, customs procedures, transportation services, and import-export activities. The ICD Inland Port with a scale of 20 hectares will facilitate the import-export activities of businesses in Que Vo 1 Industrial Park with fast and cost-effective customs, transportation, and warehousing services.
• Banks:
  Oceanbank, Vietcombank, BIDV, PG Bank, Seabank, Vietinbank, Techcombank, and more are located near the industrial park.
• Postal services:
  TDT Express, VNPT, DHL, FedEx, TNT, and other services offer door-to-door delivery.
• Bus services:
  A network of bus routes to Hanoi, Quang Ninh, Hai Phong, and Thai Nguyen is available.
• Security:
  A 24/7 security team is equipped and professionally trained, with a high sense of responsibility, politeness, and enthusiasm, ensuring peace and safety for the industrial park.
• Accommodation:
  The industrial park is located in a densely populated area, ensuring adequate housing and living amenities for workers. 
• Healthcare:
  There is a hospital within the industrial park to ensure the health care of employees.
• Education:
  Que Vo district has a total of 66 schools at three levels: kindergarten, primary, and secondary. Therefore, the children of workers here enjoy comprehensive and convenient education.

IV. Investment Incentives at Que Vo 1 Industrial Park

Corporate income tax rate: 20%

Tax incentives:

• The preferential tax rate is 17% for 10 consecutive years from the first year the enterprise generates revenue from the project. After this period, the tax rate applied is 20%.
• Exemption from corporate income tax for 2 years and a 50% reduction for the following 4 years from the time taxable income is generated.
• The period of tax exemption and reduction is calculated continuously from the first year the enterprise has taxable income from the project.
• In case the enterprise does not have taxable income in the first three years (from the first year of revenue from the project), the period of tax exemption and reduction will be calculated from the fourth year.

Import tax: Enterprises are exempt from import tax on goods imported under the provisions of Article 16 of the Law on Export and Import Duties 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 certain provisions of the Law on Export and Import Duties.

Source: Redsunland

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