Que Vo Industrial Zone 2

Que Vo Industrial Zone 2

Que Vo Industrial Zone II located in the north of national road 18, in administrative boundary of 3 communes of Que Vo district (Bac Ninh) has officially began under construction. In Bac Ninh, Que Vo Industrial Park II is the 6^th one in 10 industrial parks approved by the Government for planning. After building completely both 2 phases, the project would attract about 30-50 factories with a total investment estimated at 400-500 million dollars, solve employment for 20000-30000 labors.

Investor: Urban development investment joint stock company and Que Vo Industrial Zone (IDICO - QUEVO., JSC)

Address: 19C Hoang Dieu Street, Dien Bien, Ba Dinh District, Hanoi.

Phone: 04 3734 7161, 0983 263 179

Fax: 04 3734 7162

Industrial Park office:  Que Vo Industrial Zone 2, Bac Ninh, Vietnam

Phone: 0241 3623 868

Website: idicoquevo.com.vn

Email: idico.quevo2@gmail.com

1. Position of Que Vo Industrial Zone II to economic centers and transportation routes in the region:

- Que Vo Industrial Zone 2 is located in the north of national road 18 and the Noi Bai - Quang Ninh highway (under construction).

- From the National road 1A 15 km (about 15 minutes by car),

- From the Hanoi capital 45 km (about 1 hour by car),

- From Noi Bai International Airport 50 km (about 50 minutes by car),

- From Cai Lan port (Quang Ninh) 98 km (about 2.5 hours by car),

- From Hai Phong port 100 km (about 2.7 hours by car),

- Close to Duong river port and Yen Vien-Cai Lan railway.

2. The implemented projects

- My Xuan A Industrial Zone, Vung Tau province with a total area of ​​301ha,

- My Xuan B1 Industrial Park, Vung Tau province with a total area of ​​226ha

- Phu My II Industrial Zone, Vung Tau province with a total area of ​​620ha

- Phu My II expansion Industrial Park, Vung Tau province with a total area of ​​403ha

- Kim Hoa Industrial Park, Vinh Phuc province total area of ​​105ha

- Long Son Industrial Zone, Vung Tau province total area of ​​1250ha

- Son My I Industrial Zone, Binh Thuan province total area 1256,85ha

- Dong Dang Economic Cooperation Zone, Lang Son Province with total area of ​​850ha

- Hong Tien industrial zone, Nam Dinh province total area of ​​198ha

- Cau Nghin Industrial Park, Thai Binh province with a total area of ​​234ha

3. The prioritized industries

- Installation and mechanical engineering,

- Processing of agricultural, forestry products,

- Garment and production of consumer goods,

- Production of building materials,

- Other industtries.

4. Supply system and industrial zone infrastructure services

Electricity: Taken from 220/110 Kv substation in Tien Son, the total capacity of 32 MVA power supply 24/7. According to the 2009 plan, EVN takes 220/110 Kv substation in Que Vo Industrial Park II.

Clean water: Get water from the clean water plant of Que Vo Industrial Zone II with a capacity of 20,000 m3 / day.

Information: full communication system ỉnastructure and ensure for domestic and international contacts smoothly, quickly, easily including telephone, fax, internet ...

Transactions inside and outside the industry: plastic concrete road with floor loading H30, width 8m - 15m, with sidewalks for walker combined with modern lighting system, green tree land occupies 12, 45% of the land area of ​​industrial park.

Drtainage system: Includes 2 separated drainage system, a rainwater drainage system and industrial sewerage system

Wastewater treatment: Wastewater treatment plant for the whole industrial park with a capacity of 8,000 m3 / day.

Fire protection system:State standard

Phase 1 (Sub Area I): With a area of 272.54 ha in the total investment of 490 billion in the territory of communes Ngoc Xa, Dao Nguyen and one part of Chau Phong (Que Vo).

Phase 2 (Sub Area II): Area of 300 ha in communes Duc Long and Chau Phong, Que Vo district. The company has completed the survey, has approved the detailed planning tasks and has been carrying out next investment procedures.

Current status of infrastructure: Que Vo 2 Industrial Park have completed the first part of Phase 1 with a area of 120 hectares and has handed over border marker planting and started building the infrastructure (leveling road systemin the industrial park, construction of the clean supply plant, the operator ...). As expected by the end of Q3 2009 , it will complete the infrastructure of phase 1 (120 ha) and deploy the rest of the stage 1 (152 ha).

Land rental: From 40 to 45 USD /sqm / 50 years (not including 10% VAT and applied in the third, fourth quarter in 2009)

· Payment 50% in the first year.

Payment of 50% in second year.

Clean water price: According to the regulation of state

Wastewater treatment Price: $ 0.25 / m3.

Infrastructure and industry service charges: 0,3USD / sqm / year (Including management cost infrastructure maintenance, lighting, green tree protection)

Electricity price: As the provisions of the state issued with Decision No. 21 / QD-TTg dated February 12, 2009 by Prime Minister:

Note: - The above price does not include 10% VAT.

           - $1 =17,500VND

5. The labor prices in the area:

Workers (trained from 3 months - 24 months): Lowest price of 950.000VND / person / month (approximately 60 USD / person / month).

Office, administrative labors (graduating from university, college, proficient use of information technology, foreign language proficiency): $ 80-200 / person / month.

Engineering, Management: From $ 300 - $ 350 / person / month.

6. Workforce

Population: over 1 million people.

The labor force in labor age: 626,000 people.

The labor force has been trained: 165,000 people (including: University and college is 24,000 people; secondary vocational schools is 32,000 people; and technical workers is 109,000 people).

High school graduating force: 115,000 people.

7. Procedures for land leasing, investment licensing, enterprise establishment registration:

7.1 Procedures for lease land: to take the following steps:

Making land subleasing memorandum with IDICO-QUEVO and pay a deposit for renting land with a price of $ 5,000 / ha. IDICO-QUEVO are responsible for retaining the this land for a period of 4 months from the date of signing the land sublease memo.

When having the investment licensing, two parties sign the land sublease contract. IDICO-QUEVO will hand over documents and papers related to the land leasing, flat, land boundaries as signed lease contracts. The deposit amount will be deducted from the land rental of the first year.

7.2 Procedures for investment licenses, business establishment registration:

To create favorable conditions for investors to put their projects into practice IDICO-QUEVO also help investors to complete procedures such as investment licensing to establish enterprises (including personnel register, seal, tax code registration, ...), the import permit of machinery and equipment, ... in the shortest time with the lowest cost. In addition, IDICO-QUEVO also partipicate the survey work, plant construction design with reasonable price, high quality, on schedule of investors.

8. Customs:

Que Vo Industrial Zone Customs have directly implemented of import-export procedures convenient for the inspection of goods and export- import goods.

9. Services:

The services in industrial zones such as transport, electricity, telephone, internet, banks ...are full and professional.

10. The policy of tax incentives

10.1. CIT incentives:

a. Preferential tax rate of 10% within 15 years, applying to:

- New established enterprises and new investment projects in the following fields:

o High technology as prescribed by law; Scientific research and technological development.

o Water plant Investment and Development, water supply and drainage system.

o Soft products

- Tax exemption of 04 years, decrease 50% of the tax in the next 09 years.

b. Preferential tax rate of 10% during the operation time applies to:

- - New established enterprises and new investment projects in the socialized sector (by the Prime Minister's Decision) about: education - training, vocational training, health, culture, sports and environment.

- Tax exemption of 04 years, decrease 50%  in the next 05 years.

C. Time to apply preferential tax and tax exemptions for projects referred to in item a and b as follows:

- Time to apply preferential tax rate is calculated continuously from the first year’s revenue from activities eligible for tax incentives.

- Time to apply tax exemptions is calculated in first year with taxable income from investment project. In case enterprises do not have revenue, tax reduction time is calculated from the fourth year.

d. Tax reduction for other cases:

- Manufacturing, construction, transportation enterprises using many female workers will be reducted income tax equivalent to additional expenses for female workers, including retraining expenses; Health care costs in the year; allowances for female workers after childbirth; wages and allowances for female workers after childbirth, maternity leave under the regime but still working.

- Establish a fund for development of science and technology of the enterprise up to maximum level of 10% according to Article 17 of the Law on Enterprise Income Tax.

10.2. Tax on profit transfer abroad: The tax rate of 0%

10.3. Import tax exemption for:

- For equipment and machinery (accessories included) and means of transport in the technological line, construction materials can not be produced domestically.

- A special project is encouraged for investment; Components production project, mechanical parts, electronic materials wil be exempted import tax for first 5 years from the manufacturing business tỉme.

- Raw materials, spare parts and materials imported for production of export goods.

10.4. Be exempted from VAT

For cases of import of equipment, machinery, specialized means in the technological chain which can not be produced domestically.