1. Project overview and legal information
Overview of the Dung Quat Industrial Urban Area Project
The project is planned with a total area of 1,303 hectares, implemented in 2 phases:
- Phase I: 319 hectares
- Phase II: 984 hectares
The specific location of the project has been approved by the Dung Quat Economic Zone Management Board in Document No. 895/BQL-QLQH&XD dated July 7, 2016.
Detailed Information on Dung Quat Industrial Park:
- Project Name: Dung Quat Industrial Park – Quang Ngai
- Address: Binh Thanh Commune, Binh Son District, Quang Ngai Province
- Operating Period: 50 years (2016 – 2066)
- Area of Phase I: 319 hectares
- Investment Attractions: Manufacturing and assembly of electrical, electronic, and telecommunication equipment; production of chemicals and chemical products.
Planning map of Dung Quat Industrial Park – Quang Ngai
2. Costs
3. Geographical location of Dung Quat Industrial Park
The entire area of the Dung Quat Industrial Urban Area Project is located in Binh Son District, Quang Ngai Province, within the Dung Quat Economic Zone. Of this, 319 hectares, belonging to Phase I, have the following specific development boundaries:
This area possesses a favorable geographical location and conditions for developing into a modern industrial zone, thanks to the following factors:
- Approximately 5 km from Chu Lai Airport;
- Only 3 km from Dung Quat deep-water seaport;
- 1 km from the Da Nang – Quang Ngai Expressway;
- East: bordered by the Tra Bong River and Thanh Nien Road;
- North: bordered by Chu Lai Airport;
- South: bordered by the Doc Soi – Dung Quat Road.
4. Infrastructure system
Infrastructure and Transportation in Dung Quat Industrial Park
1. Transportation System
- Entrance roads to the industrial park: 36-40 m wide, convenient for transporting goods and large vehicles.
- Internal roads within the industrial park: 2-4 lanes, 22-33 m wide, designed for efficient traffic flow between factory areas.
2. Electricity System
- The industrial park uses electricity from the Quang Ngai provincial power grid, managed and operated by EVN Quang Ngai Power Grid, including 500 kV, 220 kV, and 110 kV high-voltage lines and 35 kV and 22 kV medium-voltage lines, connecting to the national power grid from hydropower, solar power, and gas power.
- The investor, in coordination with EVN, will construct a 110/22 kV (2×63 MVA) transformer substation within the industrial park for Phase 1, and will add a similar substation for Phase 2.
- The 22 kV power grid will be deployed to the factory fences within the industrial park, managed, operated, and directly supplied with electricity to businesses by HTD and EVN.
3. Water Supply System
- Phase IA: Clean water supply station with a capacity of 31,000 m³/day.
- Phase IB: Expansion of the clean water supply station with a capacity of 31,000 m³/day to meet the increased production needs in the industrial park.
4. Wastewater Treatment Plant
- Treatment capacity Phase 1: 30,000 m³/day.
- Wastewater from factories is collected into the industrial park’s common treatment system, ranging from untreated water to water meeting standard B, depending on the scale, nature, and type of wastewater from each enterprise.
5. Investment incentives in Dung Quat Industrial Park
Tax Incentives and Investment Support Policies in Industrial Parks
- Corporate Income Tax (CIT):
- A tax rate of 10% will be applied for 15 years starting from the first year the enterprise generates revenue from the project;
- Tax exemption for the first 4 years and a 50% tax reduction for the following 9 years from the date of taxable income;
- Large and important projects may be granted a preferential tax rate of 10% for 30 years by the Prime Minister.
- Import Tax:
- Import tax exemption for goods imported to create fixed assets for the project;
- Import tax exemption for the first 5 years from the start of production for raw materials, components, and semi-finished products not produced domestically, serving the project’s production.
- Export Tax:
- Implemented according to the Law on Import and Export Taxes; the Government encourages exports, except for certain sectors such as natural resources and minerals.
- Value Added Tax (VAT):
- Various tax rates apply depending on the industry: 0%, 5%, or 10%.
- Other support policies of Quang Ngai province:
- Support for labor training,
- Trade promotion,
- Support for administrative procedures and related services for investors.