Long Đức - Trà Vinh Industrial Park

Long Đức-Trà Vinh Industrial Park (Long Đức-IP-Trà Vinh)

General overview of Long Đức Industrial Park

Trà Vinh Province is located between the Tien River and the Hau River, in the Southeast of the Mekong Delta region. It borders Ben Tre province to the North, Soc Trang province to the South, Vinh Long province to the West, and the sea to the East with a coastline of 65 km, facing the sea through 3 main river mouths: Co Chien, Cung Hau, and Dinh An. These are very favorable conditions for economic development of Trà Vinh province, especially for industrial sectors.

As of 2019, Trà Vinh province has one economic zone and 3 industrial parks, in which Long Đức Industrial Park is one of the earliest established industrial parks in Trà Vinh. Long Đức Industrial Park is located in Long Đức commune, Trà Vinh City, Trà Vinh province, planned and put into operation since 2005, with a total area of 100.6 hectares.

The infrastructure investor of Long Đức Industrial Park is Long Đức Industrial Park Infrastructure Development Company.

The fields oriented to attract investment into Long Đức Industrial Park include: high-tech projects (manufacturing materials for the printing industry, optoelectronics, precision mechanical equipment processing); investment in construction and business of industrial park infrastructure; labor-intensive projects (garment, leather shoes, bags, food processing, agricultural products) and projects such as: production of electrical wire harnesses for automobiles and motorbikes, packaging production, production of fresh concrete components and precast concrete, etc.

Geographical location and transportation

Long Đức Industrial Park is located at the convergence of both road and waterway traffic for transportation and circulation of goods: 3km from the center of Trà Vinh city, located parallel to the Co Chien River and next to Long Đức River Port, capable of docking ships with a tonnage of less than 2,000 tons; there is a road connecting to National Highway 53 across Trà Vinh city, and in the near future there will be a new road connecting directly from the industrial park to National Highways 53 and 60, shortening the distance between Soc Trang-Trà Vinh-Ben Tre provinces and Ho Chi Minh City.

Infrastructure and other amenities

The infrastructure of Long Đức Industrial Park is synchronously and modernly invested, ready to welcome investors to participate:

Power supply system: 110kV Long Đức substation located in Long Đức Industrial Park with a capacity of 2x40MVA

Water supply system: The water plant in Trà Vinh city has a water supply capacity of 36,000 m3/day and night.

Wastewater treatment system: With a wastewater treatment plant with a capacity of 2000m3/day and night, applying aerobic biological technology in suspension combined with physical and chemical treatment.

Housing for workers: Social housing project in Long Đức industrial park, located in Sa Binh hamlet, Long Đức commune, Trà Vinh city, has an area of 42,300m2, of which the construction area is nearly 25,000m2. Construction scale of 08 05-story buildings, with 1,440 apartments and auxiliary works, other technical infrastructure such as: markets, schools, playgrounds, entertainment areas... The total investment for this project is about 615 billion VND and is expected to be completed and put into use in the third quarter of 2021.

Telecommunications, banking and insurance services: Postal and telecommunications services, internet, mobile phone networks, banking and insurance services of reputable brands are all operating in the province.

Investors participating in Long Đức Industrial Park

Long Đức Industrial Park is located in a convenient transportation location, the infrastructure is synchronously invested, along with the investment attraction policy of Trà Vinh province with many attractive incentives, so by 2019, Long Đức Industrial Park has attracted 25 investment projects with a total registered investment capital of over 2,579.2 billion VND (equivalent to 128.96 million USD), including 12 foreign-invested projects and 13 domestic investment projects. In which, 18 projects have been put into operation.

Costs and operating time at Long Đức Industrial Park

Project duration:

50 years from the date of issuance of the investment certificate.

Investors can lease long-term or transfer, invest

During the lease, investors can sublease or transfer to other small investors

Investment costs at Long Đức industrial park:

Land rental price with infrastructure: 50-60 USD/m2

Electricity price: peak hours are 0.1USD/kwh; normal hours are 0.05USD/kwh; off-peak hours are 0.03USD/kwh.

Water price: 0.4USD/m3

Labor cost: with a reference price of 200-500 USD/person/month. Depending on the job position

Management fee: 0.2USD/m2/year

Wastewater treatment fee: 0.28USD/m3

Investment incentives at Long Đức Industrial Park

Corporate income tax incentives enjoyed by Long Đức Industrial Park (Decree 218/2013/ND-CP): the tax rate is 20% for a period of 10 years (of which 02 years are exempt and 50% reduction of tax payable for the next 04 years)

Export tax and import tax incentives enjoyed by Long Đức Industrial Park: import tax exemption for goods imported to create fixed assets (Decree 118/2015/ND-CP).

Land lease incentives at Long Đức Industrial Park: (according to Decree 46/2014/ND-CP):

Exemption from land rent, water surface rent during the basic construction period according to the project approved by a competent authority, but not exceeding 03 (three) years from the date of the decision to lease land, water surface. Then the enterprise is exempt from land rent, water surface rent for 7 years for all projects, especially projects in the field of investment incentives are exempt for 11 years; the field of special investment incentives is 15 years.

Labor resources at Long Đức Industrial Park

The population of Trà Vinh province as of 2019 is 1.3 million people, of which the number of people of working age accounts for 63.66% and skilled workers account for 20%. The province's training system includes 01 University, Vocational Colleges, Medical Colleges, Informatics - Foreign Language Centers, NIIT International Information Technology Center and vocational training establishments with many different training fields, annually supplying qualified human resources for businesses in Trà Vinh province.

Not only that, Trà Vinh province is also located in the Mekong Delta region, where there is a large and young population, so this will be a abundant source of labor for industrial parks in Trà Vinh province in general and Long Đức industrial park in particular.

Assessment of Long Đức Industrial Park

This is an industrial park located in a location with a relatively convenient waterway and road traffic system; Long Đức Industrial Park is located in an area with difficult socio-economic conditions, so businesses participating in investment will enjoy many investment incentives; The clean land fund of the industrial park is still relatively large, so it will fully meet the needs of land and factory rental of participating investors...

Our services:

With many years of experience working with industrial park management boards, serving many domestic and foreign investors, we have experience in providing the following services:

Land consulting, factory visit

Procedures, conditions, business licenses, investment certificates in Vietnam

Drafting, Negotiating, Signing contracts

Legal Advice

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