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Sumitomo Group poured 500 million USD into Thang Long 2 Industrial Park

In phase 4 of the project, Sumitomo Group will focus on expanding the commercial and residential area on an area of 391.7 hectares, with a total investment capital of 500 million USD.

Sumitomo Group poured 500 million USD into Thang Long 2 Industrial Park

Within the framework of the Vietnam – Japan Economic Forum, Chairman of Hung Yen Provincial People’s Committee Tran Quoc Van and representatives of Sumitomo Group (Japan) exchanged a memorandum of understanding (MoU) on cooperation to promote the Green Zone project. Thang Long II industrial, phase 4.

Located in the north of Hung Yen province, Thang Long II Industrial Park has a favorable geographical location, only about 30km from Hanoi, about 70km from Hai Phong port and about 110km from Quang Ninh deep-water port.

In 2005, Hung Yen province allowed Sumitomo and Thang Long Industrial Park Limited Liability Company to research, survey, project and act as investors to build and operate the infrastructure of Thang Long II Industrial Park with a scale of 219, 6ha. After that, the joint venture parties agreed to establish Thang Long II Industrial Park Limited Liability Company as the direct investor to manage and operate the project. Up to now, after 3 phases, Thang Long II Industrial Park has developed with an area of 545.6 hectares.

In phase 4, Sumitomo Group will focus on expanding the commercial and residential area on an area of 391.7 hectares, with a total investment capital of 500 million USD.

Thang Long II Industrial Park is highly appreciated by businesses for its technical infrastructure, synchronous service provision, and investment in modern water treatment and supply systems. This is one of the model industrial parks and an important highlight in the strategy to attract domestic and foreign investors to Hung Yen.

Sumitomo Group poured 500 million USD into Thang Long 2 Industrial Park rsl 1

To date, this Industrial Park has received over 100 foreign-invested projects, with a total registered investment capital of more than 3 billion USD, mainly Japanese investors; including some large economic corporations such as: Kyocera, Hoya, Nippon, Daikin, Toto, Panasonic.

It is known that in recent years, Hung Yen province has promoted attracting foreign investment, creating conditions for foreign investors to invest in the province. To date, the total number of foreign investment projects in the province is 534 projects with effective foreign direct investment capital, with a total registered investment capital of about 6.7 billion USD; Among them, investors from Japan lead the way in the number of projects with 173 projects and a total registered capital of more than 4 billion USD. There are currently about 170 Japanese FDI projects in operation, with a total investment capital of over 3.2 billion USD, thereby creating jobs for about 45,000 workers.

Thang Long Industrial Park 2

Thang Long II Industrial Park is located in Yen My and My Hao districts of Hung Yen province, a distance of 33 km from Hanoi center, 45 minutes by car. With such favorable traffic conditions, you can recruit qualified employees and engineers living in Hanoi and working here. In addition, Thang Long II industrial park is also located close to National Highway No. 5 – a vital road connecting key northern provinces: Hanoi – Hung Yen – Hai Duong – Hai Phong, a very favorable condition for operations. import and export activities. You can also move to the new National Highway 1, the route connecting China and Thailand. The transportation system is extremely convenient by road and waterway.

Sumitomo Group poured 500 million USD into Thang Long 2 Industrial Park rsl 2

It is expected that domestic and foreign investors when investing in Thang Long II Industrial Park will enjoy full incentives such as: granting investment certificates, business registration and enjoying a number of incentives such as:

Corporate income tax: Enjoy 10% tax rate for 15 years and 4 years tax exemption
Reduction of 50% of tax payable in the next 9 years for income from new investment projects in a number of investment incentive fields according to the provisions of law on corporate income tax.
Enjoy a tax rate of 17% and a 2-year tax exemption, 50% tax deduction for the next 4 years for new project income in some fields such as: High-quality steel production, economical product production energy; production of machinery and equipment for agricultural, forestry, fishery and salt production; producing refined irrigation equipment, animal and poultry feed, seafood…
Exemption from corporate income tax for 2 years and a 50% reduction in tax payable for the next 4 years for Enterprises implementing new investment projects in Industrial Parks.
Regarding import tax: Investment projects in industrial parks are exempt from import tax on imported goods to create fixed assets according to the provisions of the Law on export tax and import tax.

Source: redsunland.vn