Overview of Thuan Thanh 3 Industrial Park - Bac Ninh Province

Scale: Thuan Thanh III Industrial Park was built in September 2018, with a total area of ​​300.04 ha

I. OVERVIEW:

- Transportation system:

+ Bac Ninh is located on important traffic routes such as National Road 1A, National Road 18, Hanoi - Lang Son railway and waterway routes such as Duong River, Cau River, Thai Binh River which are very convenient for goods transportation and exchanging with provinces in the country.

+ Seaport: Thuan Thanh III industrial zone - zone B is 112 km away from Hai Phong port(about 1h53m drive), the port now has 5 cargo crane ships, water depth: 10.2m, ships of 20,000 tons can access.

+ Airport: Thuan Thanh III Industrial Zone - Zone B is 48km away from Noi Bai International Airport (about 1h15m drive); 97km from Cat Bi airport (about 1h50m drive).

+ Railway: The railway from Hanoi to Quang Ninh through Bac Ninh is 132km long, speed of 120km/h speed.

- Lease term: 50 years from the the land handover decision date in accordance with Article 126 of the 2013 Land Law.

- Main investment fields:

+ Assembly, electronics industry

+ Agricultural and forestry processing industry;

+ Textile industry and production of consumer goods;

+ Production of construction materials.

- Leasing form: Leasing land and infrastructure.

II. THE INFRASTRUCTURE

- Internal transport of the Industrial Park: The two main roads are 37 meters in width, 6 meters of sidewalk for pedestrians; having lights along the road, underground installation of water, power and information supply systems,

- Power supply: National electricity 110/22 KV, capacity of 45 MVA.
- Water supply: Clean water treatment plant with a capacity of 20,000m3/day and night.
- Drainage: Waste water and rainwater system is built separately. The wastewater treatment plant has a capacity of 15,000m3/day and night.
- Information/Internet network: Information network meets international standards, ready for demands of international and domestic telecommunications services.
- Fire protection: Fire-fighting water supply system along the main roads and branch roads in the industrial park. Every 150m with a fire hydrant, diameter of D150mm.
- Green trees: The percentage of trees accounts for 13.29% of the total area of ​​the industrial park

III. INFRASTRUCTURE AND SERVICES

- Bank: Vietnam Joint Stock Commercial Bank for Foreign Trade, Vietnam Bank for Investment and Development of Vietnam, Vietnam Joint Stock Commercial Bank of Industry and Trade all have branches and transaction offices around the project.

- Post office: having infrastructure around the project

- Dormitory for workers: In the planning of the urban area serving in Industrial Park, there is a land plot for building housing for workers.

- Guards in Industrial Park: having  a security team is in charge of the protection work inside the Industrial Park.

- Education:

+ Having 02 universities, with 420 graduates, the rate of male/female = 47% / 53%.

+ Having 05 high schools, with 1,600 graduates, the ratio of male/female = 49% / 51%.

+ Having 03 vocational training centers, with 570 graduates, the rate of male/female = 52% / 48%.

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IV. INCENTIVES FOR INVESTMENT

1. Equipment import tax:

A. Imported goods which are fixed assets of enterprises shall be exempted from import tax in the following cases:

+ Machinery for manufacturing, components and accessories for production lines;

+ Specialized transport vehicles for businesses and special-use vehicles for transporting employees (cars of 24 seats or more);

+ Components and accessories for specialized machines, specialized transport vehicles, specialized vehicles for transporting employees;

+ Construction materials that Vietnam has not yet produced.

B. Materials used for manufacturing of export goods: Import tax exemption.

C. Projects in the investment fields which is particularly encouraged or enterprises investing in the production of electronic components and accessories are exempted from import tax on production materials for 5 years from the date of production.

2. Tax on profit transfer abroad: 100% exemption.

3. Value-added tax (VAT): Based on export processing contracts signed with foreign businesses, exempted from taxes on materials imported for export production.

4. Enterprise income tax: The corporate income tax rate is 20%

+ Enterprises executing new projects in industrial park are entitled to tax exemption for up to 02 years, and reduction of 50% for the next 04 years.

+ Newly established enterprises under high-tech projects and software production projects prescribed by law shall enjoy a tax rate of 10% within 15 years, in which tax exemption is maximum for 4 years, reduced by 50 % maximum for the next 09 years. For large-scale hi-tech enterprises and particularly encouraged to invest, the extension of the tax rate limit of 10% may be extended, but the period for enjoying the tax rate of 10% must not exceed 30 years.

The time for tax exemption or reduction start from the year the enterprise generates taxable income, if the first 3 years do not have taxable income, then the tax exemption period starts from the 4th year.

V. INVESTMENT SUPPORT

For small and medium-sized enterprises, hi-tech enterprises, science and technology enterprises, scientific and technological organizations, enterprises investing in agriculture and rural areas, enterprises investing in education and universalization of law and other objects in line with the orientation of socio-economic development in each period will be applied the forms of investment support:

+ Supporting the development of technical and social infrastructure systems inside and outside the project boundary;

+ Supporting for training and developing human resources;

+ Credit support;

+ Supporting to access production and business premises; support for relocation of production facilities out of inner cities and towns;

+ Supporting science, technology, technology transfer;

+ Supporting market development, providing information;

+ Supporting research and development.

VI. HUMAN RESOURCES

The human resources of Thuan Thanh district are very abundant, and at the same time there has been a rapid development in both quantity and continuous improvement in quality; The labor structure changes in the direction suitable to the process of industrialization - modernization in order to meet the labor needs of industrial parks in the region.

Human resources from nearby areas: The total population of 5 districts surrounding Thuan Thanh III Industrial Zone is 803,640 people, of which male is 409,856 people, female is 393,784 people, male / female ratio = 49%/51% .

The number of people in working age is 410,000. The average age is 27 years old.

Near Thuan Thanh III Industrial Park, there are Ho town, Hoai Thuong commune, Song Ho commune and Dai Dong Thanh commune; Thuan Thanh district has 01 town and 17 communes, the total area of ​​the district is 118 km, with a population of 176,000 people.

Human resources from Hanoi and neighboring cities: Hanoi is the largest educational training institution in Northern Vietnam, annually providing tens of thousands of high quality labors to the market. Hanoi to Bac Ninh distance is easy to travel, therefore, workers want to work in Bac Ninh, to meet the needs of high quality manpower for the Industrial Park. In addition, surrounding areas without the industrial zone can also add certain manpower.