Minh Quang - Hưng Yên Industrial Park

Minh Quang INDUSTRIAL PARK - HUNG YEN

(MINHQUANG-IP-HY)
OVERVIEW OF Minh Quang INDUSTRIAL PARK - HUNG YEN

- Minh Quang Industrial Park has a scale of 153 hectares, adjacent to National Highway 5 connecting Hanoi - Hai Phong. Accepting investment projects in 2018 and expected to be handed over in early 2020.

- Investment attraction fields

Production and assembly of electrical, electronic, and refrigeration equipment;
Production of paper, packaging, ceramics;
Processing agricultural, forestry and fishery products, food;
Production of consumer goods;
General light industry.

- Planning area

Total planning area: 153.7 ha.
Industrial land area for lease: approximately 115 ha.
Remaining land area available for lease: 115 ha

LOCATION

Minh Quang Industrial Park has an area of 153.7 hectares, located adjacent to National Highway 5 (Hanoi - Hai Phong)

Distance to Hanoi capital: 38 km (45")
Distance to Hai Duong city: 21km
Distance to Hưng Yên city: 40 km
Distance to Noi Bai airport: 55 km (60")
Distance to Hai Phong Port 65 km. (65") Quang Ninh deep-water seaport: approximately 105 km. (100")
Distance to Chinese border gate: 174km

INFRASTRUCTURE

Road system:

Main road: 28m;
Internal road: 20m, 5m;

Information and communication system

Modern IT system with a wide range of services, such as telephone, high-speed Internet….

Security system

Modern security system operated and managed by professional and healthy staff.

Energy system

110kV substation maximizes full capacity supply to factories

Water supply system

A water plant with a capacity of 4,000 m3 / day

Wastewater treatment system

Wastewater treatment plant with a flow rate of 9,000m3/day

Landscape system

Walls, fences, trees and other landscape materials are well maintained

Social infrastructure and utility services

Customs: Hưng Yên province clearance station is about 7 km from the IP.
Bank: A system of commercial banks headquartered near the IP.
Post office: The district post office is about 4 km from the IP, ready to meet the needs of businesses in the Industrial Park.
Hospital, health station: Mỹ Hào district medical center (4 km from the IP), Pho Noi General Hospital (10 km from the IP).

INVESTMENT COSTS

Currently, Minh Quang Industrial Park is an industrial park with clean land fund, complete and modern infrastructure, and the land area can be divided according to the requirements of individuals and investors who want to lease land and factories.

- Expected land lease price: Approximately 78 -80 USD/m2

- Infrastructure management fee: 0.45 USD/m2/year

- Wastewater fee: 0.45 USD/m2/year

- Water supply fee: 0.65 USD/m2/year

- Electricity fee:

Normal hours: 0.07 USD
Low hours: 0.04USD
Peak hours: 0.12 USD Supplied by two 500KV transformers 2km from the industrial park

Handover time is early 2020.

HUMAN RESOURCES

Minh Quang Industrial Park is located in an extremely favorable location in Hưng Yên province, the area is regulated as area 2 with a minimum labor price of 165USD / month. In particular, Hưng Yên has an extremely abundant labor force with 60% of the population being of working age. Employees can refer to the detailed information below:

- Social insurance: 32.5% (22% paid by the Employer, 10.5% paid by the employee)

- Working hours: 08 hours / day / shift (03 shifts / day are accepted)

- Overtime hours: 04 hours / day (no more than 200 hours / year)

- For special cases: 300 hours / year.

Investors in Minh Quang Industrial Park

Minh Quang Industrial Park has many investors from foreign countries such as Japan, Korea, China,...

INVESTMENT INCENTIVES

Regarding corporate income tax:

- Being entitled to a tax rate of 10% for a period of 15 years and being exempt from tax for 4 years, with a 50% reduction in the amount of tax payable in the next 9 years for income from the implementation of new investment projects in a number of fields with investment incentives as prescribed by law on corporate income tax.

- Being entitled to a tax rate of 17% and being exempt from tax for 2 years, with a 50% reduction in the amount of tax payable in the next 4 years for income from the implementation of new investment projects in a number of fields such as: Production of high-grade steel; production of energy-saving products; production of machinery and equipment for agricultural, forestry, fishery and salt production; production of irrigation equipment; production and processing of animal feed, poultry, and aquaculture.....

- Being exempt from corporate income tax for 2 years and a 50% reduction in the amount of tax payable in the next 4 years for Enterprises implementing new investment projects in IPs.

Regarding import tax:

- Investment projects in IPs are exempt from import tax on imported goods to create fixed assets according to the provisions of the Law on Export Tax, Import Tax.

Our legal consulting services:

With many years of experience in advising on land law, and surveying and working with management boards of industrial parks, foreign investors in industrial parks, we provide a comprehensive service package for domestic and foreign investors in IPs nationwide, including:

Land and real estate law consulting
Survey and visit services for factories and industrial park land
Legal services for applying for business licenses and investment certificates in Vietnam
Legal consulting services: Drafting, Negotiating, Signing contracts
Notarization, authentication, support for deposits and bank loans.

For detailed information, please refer to our technical reference parameter table below.

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