Sạch Industrial Park - Hưng Yên Province

I. LEGAL INFORMATION AND LOCATION OF Sạch INDUSTRIAL PARK

Sạch Industrial Park was approved by the Prime Minister to be added to the development plan of industrial parks in Vietnam in Document No. 800/TTg-CN dated June 29, 2020, with a planned scale of 143.08 ha. Accordingly, Sạch Industrial Park is located in Hồng Tiến commune - Khoái Châu district and Xuân Trúc commune - An Thi district, Hưng Yên province and is one of the component industrial parks under the general planning of Ly Thuong Kiet Industrial and Urban Service Park.

On July 6, 2021, the Project to invest in construction and business of technical infrastructure of Sạch Industrial Park was approved for investment policy by the Prime Minister in Decision No. 1070/QD-TTg. According to the approved investment policy, the project is invested by a joint venture of 05 investors (04 Korean investors, 01 Vietnamese investor), in which the two largest investors are the Korea Land and Housing Corporation (LH) and TDH Ecoland Urban Investment and Development Joint Stock Company, the economic organization implementing the project is VTK Hưng Yên Industrial Park Investment and Development Co., Ltd. The project has an operating term of 50 years (2021-2071) and is invested with a total registered investment capital of VND 1,788.59 billion (equivalent to USD 76.912 million), of which the contributed capital of investors is VND 357.718 billion (equivalent to USD 15.382 million).

On October 18, 2021, the Sạch industrial park project was approved by the People's Committee of Hưng Yên province for a detailed construction plan with a scale of 1/500 in Decision No. 2391/QD-UBND. According to the approved planning content, the industrial park is bordered to the North by provincial road DT.384 and the project of petrol stations and rest stops; to the South by Industrial Park No. 5; to the East by district road DH.41 and to the West by the road connecting the two highways Hanoi - Hai Phong and Cau Gie - Ninh Binh. The approved area for detailed planning of the project is 143.0843 ha, of which the area of industrial land and warehouses for lease is 100.18 ha (accounting for 70.01%) with a maximum allowable construction density of 70% and a maximum of 5 floors.

(Overall plan of Sạch industrial park - Hưng Yên province)

In terms of nature, Sạch Industrial Park is a general industrial park, with the industrial nature of Sạch with the main types of industry including: Manufacturing equipment, data transmission components, mobile phones, computers and other peripheral equipment; Manufacturing software, digital content; Manufacturing and assembling electrical and electronic equipment and components; Manufacturing and assembling automobiles, motorbikes and auto and motorbike parts; Manufacturing pharmaceuticals, mechanics, energy; Warehouse services and supporting industries.
Regarding regional connectivity, Sạch Industrial Park in Hưng Yên province is conveniently connected to surrounding areas thanks to its proximity to major roads such as DT.384 and the route connecting the two highways Hanoi - Hai Phong, Cau Gie - Ninh Binh with connection distances:
- 38 km from the center of Hanoi city, 22 km from Hưng Yên city
- 58 km from Noi Bai International Airport (1 hour drive)
- 03 km from the Hanoi - Hai Phong highway intersection, 13 km from the old National Highway 5
- Located near other industrial parks in the planning of Ly Thuong Kiet urban service industrial park and near other large industrial parks of Hưng Yên province such as Yen My 1 Industrial Park, Yen My 2 Industrial Park, Thang Long II Industrial Park, Pho Noi Garment Industrial Park

(Location of Sạch industrial park connection)

II. INFRASTRUCTURE SYSTEM OF Sạch INDUSTRIAL PARK

Internal traffic road system: The main axis of Sạch Industrial Park has a cross-sectional width of 43.0m, of which the road width is 18.5m and the sidewalk is 6.5m on each side, arranged with a median strip of 12m wide; The branch roads in the industrial park have a cross-sectional width of 27m, of which the road width is 15m and the sidewalk is 6m on each side. The main axis of the industrial park also directly connects to the road connecting the two highways, making traffic connection easier.
Power supply system: the electricity source for production at the industrial park is taken from the Ly Thuong Kiet 2 transformer station with a capacity of 110kV/22kV-2*63 MVA in the Northeast of the area. The 22kV lines use copper cables, run underground along the traffic routes in the industrial park and are readily connected to each land plot as required by the investor.
Water supply system: Sạch water for production at Sạch Industrial Park is taken from the water plant in the area through a connection point in the West of the industrial park, the water supply capacity for the project reaches 6,300 m3/day and night.
Wastewater treatment system: all production wastewater in the industrial park is collected and treated at the centralized wastewater treatment plant of the industrial park with a maximum treatment capacity of 4,100 m3/day and night until it meets standards before being discharged into the environment through an underground drainage system.
Leveling: the land plots in the industrial park are leveled with an elevation of +3.50m to +3.60m, the average leveling slope is 0.1% in the direction of sloping towards the traffic routes in the industrial park.
Other infrastructure utilities: Solid waste collection system; Rainwater and domestic wastewater drainage systems are arranged independently of the production wastewater drainage system; The lighting system is invested along the traffic routes; Landscape green system; Telecommunications system.

(Infrastructure of Sạch Industrial Park is being urgently built and completed)

III. LAND RENTAL COSTS AND INVESTMENT INCENTIVES AT Sạch INDUSTRIAL PARK

Industrial infrastructure rental price: 125 USD/m2/entire rental period (until 2071), the rental unit price may vary depending on the location and area of the rented land plot.

Infrastructure management and maintenance fees: 13,800 VND/m2/year (equivalent to 0.575 USD/m2/year)

Raw land rent: currently the industrial park is in the period of being exempt from annual land rent according to regulations. After the preferential period expires, the industrial park is subject to the annual land rent rate according to the decision of the People's Committee of Hưng Yên province at each time.

Electricity supply price: applied according to EVN's electricity supply price list at each time

Water supply price: applied according to the price of Sạch water produced in Hưng Yên province

Wastewater treatment fee: depends on the quality of the incoming wastewater

Note: the above unit prices do not include VAT and may be subject to change without prior notice

Investment incentives at Sạch Industrial Park:

Regarding CIT: 100% exemption from corporate income tax for the first 02 years and a 50% reduction in tax payable for the next 04 years for investment projects in industrial parks. In addition, investment projects may also enjoy higher tax incentives if they fall into the list of projects that are particularly attractive for investment or high-tech projects.

Regarding import tax: exemption from import tax for goods on the tax incentive list, which are imported to create fixed assets for the project.

IV. CURRENT STATUS OF INVESTMENT ATTRACTION AT Sạch INDUSTRIAL PARK

Immediately after being approved for investment policy, the investor of the Sạch industrial park project quickly implemented the next procedures on legal and construction matters to start the project in November 2022. And to date, the project has basically completed important infrastructure items, and has attracted more than 10 FDI investment projects (mostly from Korea) with a registered investment capital of over 50 million USD. The projects that have been licensed in the industrial park are currently in the process of completing procedures and permits for construction and environment to implement the project.

(Current status of infrastructure investment in Sạch Industrial Park, Hưng Yên province)

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