I. GENERAL INFORMATION
Investor: PHUC HUNG ARCHITECTURE CORPORATION
(now referred to as TAN PHUC HUNG GROUP JOINT STOCK COMPANY)
Address: Project Management Office of Vipark Industrial Park Investment Project.
Phone number:(04) 6651 4565.
Email: admin-hr@tph-group.com.vn
- Scale
– Tay Bac Ga IP Phrase 2 was licensed in 2010.
– Total area of Tay Bac Ga IP Phrase 2: 50.2 hectares
- Legal documents
– Investment license No.26221000086 was granted December 11, 2010 about Tay Bac Ga IP construction and investment project Phrase 2 – Thanh hoa city and Phuc Hung Architecture Corporation is permited as the investor.
– Decision No.1600/QĐ-UBND was granted on May 14, 2010 about approving detailed planning scale 1/500 Tay Bac Ga IP Phase 2.
- Project implementation period
– 50 years (from 2010 to 2060)
- Main investment fields:
– Agricultural processing – forestry product industry
– Housewares , handicraft manufacturing industry
– Hi-tech, repairing, erection industry
– Packaging, apparel industry.
- Leasing method:
– Leasing the land with ready-to-use infrastructure.
II. LOCATION AND NEIGHBORHOOD RELATIONSHIP
- Traffic
– Tay Bac Ga IP Phase 2 is on Dong Son commune, Thanh Hoa city, 2km away to the city center, in the North of 1A National Road, close to North-South railway.
– Route: Hanoi – Ha Noi – Tay Bac Ga IP Phrase 2.
1) 1A National Road (In circulation)
2) Hanoi – Cau Gie Highway (In circulation)
3) Ninh Binh – Cau Gie Highway (In circulation)
4) North-South Highway (In circulation)
– Railway: The IP is close to North-South railway.
- Sea Port
– Hai Phong Sea Port: 150 km .
– Deep Sea Port: 45 km.
- Airport
– Thanh Hoa airport, Thanh Hoa province.
– From Tay Bac Ga IP Phase 2 to Thanh Hoa airport: about 38km.
- Railroad
– Hanoi – Tay Bac Ga IP phase 2 Railroad: 156 km.
III. INFRASTRUCTION
- Internal traffic
– Industrial park’s main road: 2×10.5m. Tree line in the middle: 4m; trees and lane for walking: 2x8m
– Shortcuts: 2x8m, trees and road for walking: 2x8m, trees and lane for walking: 2x8m
– The IP is circulated with 1A and North-South highways.
– Underground power, water supply, drainage, sewage, communication systems and the lighting devices are equipped along the roads.
- Power supply system
– The power is supplied from national power network, ready to fulfill the necessary operation conditions.
- Water supply system
– Water treatment plant with capacity of 8.400m3 / day (water supply pipe diameter is D100mm – D200mm). The average thickness of the pipe is 0.7-1.5cm. The water is supplied directly from the Tay Bac ga water supply plant.
– The water supply system is connected directly to the fence of enterprises.
- Drainage system
Water drainage system is separated from wastewater drainage system. Rainwater is concentrated through underground piping system and discharged into the rivers in the region. Drainage pipe diameter is D600mm – D800mm and drainage system is automatic.
- Waste water and sewage treatment
– Wastewater treatment plant with a capacity of 8,400 m3 / day.
(Industrial waste water is equal to 80% of the original water supply.)
– Water drain pipe: D350mm – D750mm
– Wastewater from the factories in the industrial park will be classified immediately at those factories and is concentrated in the central processing region of Tay Bac Ga Industrial Park Station.
- Communication System
– Modern communication system meets international standards and fully ready to meet the demand for national and international communications services. (ADSL Internet, available communication system).
- Fire protection
– Modern water supply system with fire fighting equipment is placed along the roads in the IP
The distance between two fire hydrants is from 100m-150m with diameter of D100mm.
– Fire Station will be completed in 2011.
- Environment and green trees
– Green trees and common spaces occupy 7.24% of the land area.
IV. SOCIAL INFRASTRUCTURE AND OTHER SERVICES
- Customs
– Thanh Hoa Customs office will be located in the center of the industrial park. All sealing procedures and customs declarations are made promptly at the enterprises in the industrial park.
- Bank
– Vietin Bank, BIDV, Sacom Bank, VP Bank, Agri-Bank
- Post office
– Thanh Hoa Post Office is 800m away from Tay Bac Ga Industrial Park phase 2 with a modern information technology system to serve multi-media services such as data transmission, telephone, Internet industrial park, and video conferencing and so on.
- The human condition
– There is an abundant labor force in the neighborhood of the Tay Bac Ga Industrial Park Phase 2. According to the Provincial People’s Committee’s planning, residence in the neighborhood is zoned with a big scale.
- Hospital
– Hong Duc General Hospital (400m away from the IP).
– Thanh Hoa General Hospital (400m away from the IP)
– The health clinics are about to be built.
- High School
– There are 14 high schools in Thanh Hoa province.
V. PRICE AND COST
- The minimum land area for lease
– 2000 m2
- Charges for the usage of infrastructure and the lease include:
1) Charges for usage of infrastructure
2) Land lease.
– “Contact us for details!”
- Industrial service and infrastructure maintenance charges
– 0.35 USD / m2 / year – annualy payment
- The fee of electricity consumption
– (From 22KV to under 110KV) (under the provisions of the State)
(1) – Normal hours: 1.243VND / Kwh
– From Monday to Saturday: 4h – 9:30 h, 11:30 h – 17 h and 20 h – 22 h / Sunday: 4h – 22h
(2) – Night Time: 783 VND / kWh
– Daily from 22h to 4 h
(3) – Rush hour: 2,263 VND / kWh
– From Monday to Saturday: 9.30h – 11:30 h and 17:00 h – 20:00 h / excluding Sundays
- The fee of water
8,000 VND / m3 – Monthly payment.
- The fee of phones, Internet and other services
– Depending on usage.
Note: All prices do not include VAT in accordance with State regulations.
VI. INVESTMENT INCENTIVES
- Imported machineries and equipments
(1) – Imported machinery tax exemption to create fixed assets:
+ Equipment and machinery.
+ Imported materials, raw materials for equipment and machinery production in technological lines or equipments, spare parts, molds and accessories accompanying with equipments, machineries.
+ Special vehicals in technological lines to pick up workers (over 24 seats).
+ Construction materials are not produced locally.
+ The equipments, spare parts, molds and accessories accompanying with equipments, machineries, vehicles and special vehicles.
(2) – Export tax exemption for raw materials and imported materials for production of export goods
(3) – Exemption from export tax on raw materials for production on the list of projects with special investment incentives for 5 years from the beginning of production invest in production of spare parts, or mechanics and electronics.
- Taxes are paid abroad
– Tax exemption for money transfers abroad
- VAT
– VAT exemption for imported goods including raw material for production, processing of exported goods under processing contracts signed with foreign partners.
- Corporate Income Tax (CIT)
– The tax rate of income tax enterprises is 25%
– For newly established enterprises in the IP has hi-tech projects in accordance with the law, the software projects are applied with tax rate of 10% in 15 years, the tax exemption for 04 years and 50 % tax reduction in the next 09 years.
– For hi-tech, large-scale projects requiring more investments, the preferential tax rate of 10% may be prolonged but must not exceed 30 years. After the above period, the applicable enterprise income tax is 25%.
– Preferential tax rate are calculated from the first five years which enterprises have taxable income. If the business has no taxable income for first three years from the first year but still makes profit, then the tax exemption or reduction is calculated from the fourth year.
VII. INVESTING SUPPORT
Supporting procedures before and after getting the investment certificate
Phuc Hung Architecture Corporation is willing to guide and help all investors to complete the necessary procedures as soon as possible:
– Procedures for granting investment certificates
– Procedures to apply for land use rights
– Procedures for personel registration
– Registration and seal procedures
– Procedures for registration of tax code
VIII. HUMAN RESOURSE
- Local workforce
– Thanh Hoa Population: About 3.4 million people (over 60% of the population is in working age).
- The human resources from Hanoi, the capital and the nearby areas
– Hanoi – the largest training center in the North – Vietnam. There are many well-known universities, colleges and vocational training facilities with thousands of students who graduate from management and high technology major. These high skilled human resources are the strength to develop Tay Bac Ga with the reasonable distance from Hanoi – Tay Bac Ga IP.
- Salary
(1) – Workers: Minimum wage 1,400,000 VND /monthly (about 67 USD/month)
– The actual average salary is paid to workers: 70-80 USD / month.
(2) – Engineers / Technicians / Office staffs: 200-250 USD / month.
(3) – Head / Chief Accountant / Managers: 300-350 USD / month.
- Insurrance
– Social insurance: 22%
– Health insurance: 4.5%
– Unemployment Insurance: 2%
– Businesses pay 21% of gross wages of employees (17% for social insurance, 3% for health insurance and 1% for unemployment insurance)
IX. PROVISIONS ON CONSTRUCTION MANAGEMENT
- List of available work in the industrial park
– Manufacturing workshops, warehouses, operating offices, canteens for worker and sub-building, dormitory for the foreign worker.
– (Garage, guard – house, power converter station, water tank for fire fighting).
- List of construction projects are banned
– Houses, basements, tunnels
– Building density 60%
– Land use ratio: 1.4 times
– Maximum floors: 4 floors
– Green density: Over 2.5%
– Factories’s fences
X. REFERENCE
- Price reference for warehouse building
– It may be cheaper to 15% (160-180USD) due to base construction cost and cheap labors
- Payment Method
20% (deposit)
– Payment: within 7 working days from the date of signing the contract
30% (1st Payment)
– Payment: within 7 working days from the date of issuance of investment certificate
– Completion: within 30 working days from the date of signing the contract
30% ( 2nd Payment)
– Payment: within 7 working days from the date of having red book.
– Completion: within 30 working days from the date of issuance of investment certificate
20% (Last payment)
– Payment: within 7 working days from the date of completion of the required technical infrastructure
– Completion: within 30 working days from the date of granting the Red Book
- Penalty terms
After paying 20% (deposit)
– In case it takes more than 30 working days to issue investment certificate:
The penalty = number of late days x 0.1% x 20% (deposit) within 30 days
– In the case, there is no issuance of investment certificate within the next 30 working days
The penalty = number of late days x 0.1% x 20% (deposit) and return 20%
After paying 30% (1st Payment)
– In case, it takes more than 30 days for granting Red Book:
The penalty = number of late days x 0.1% x 30% (1st Payment) within 30 days
– In the case, there is no issuance of investment certificate within the next 30 working days
The penalty = number of later days x 0.1% x 30% (1st payment) in 30 days
After paying 30% (2nd Payment)
– In case, it takes 30 working days to complete the required technical infrastructure:
The penalty = number of late days x 0.1% x 30% (2nd Payment within 30 days)
– In the case, there is no issuance of investment certificate within the next 30 working days
The penalty = number of late days x 0.1% x 30% (2nd payment) within 30 days
20% (Last payment) Not required
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