1. Project overview and legal information
Phu Xuan Industrial Park is one of the relatively late-operational industrial parks in Quang Nam province. The project was approved by Decision No. 3873/QD-UBND dated November 29, 2007, on the general planning of Phu Xuan Industrial Park, located in Phu Ninh district, with a scale of approximately 365 hectares. However, due to numerous difficulties and obstacles during implementation, it wasn’t until 2015 that the industrial park’s infrastructure was basically completed and it officially began operation, serving the production activities of investors.
In this new development phase, to enhance the investment attractiveness of the locality and Phu Xuan Industrial Park, the Resolution of the 21st Congress of the Phu Ninh District Party Committee (2020-2025 term) has oriented the industrial park’s development towards diversifying investment attraction areas, prioritizing projects applying high technology and modern service types.
Industrial planning of Phu Ninh district, including Phu Xuan Industrial Park.
2. Costs and incentives for leasing land in Phu Xuan Industrial Park
Investment Costs:
– Land lease price: ranges from 30–35 USD/m² for a 50-year term (excluding VAT).
– Infrastructure management fee: approximately 0.25 USD/m²/year (excluding VAT).
– Electricity price: applied according to the price list published by Quang Nam Provincial Electricity Company at the time of use, in accordance with Circular 16/2014/TT-BCT of the Ministry of Industry and Trade.
– Water price: calculated according to the notification of the water supply unit at the time of use.
Investment Incentive Policies:
– Corporate income tax: a preferential tax rate of 10% is applied for 15 years; tax exemption for the first 4 years from the date of taxable income and a 50% reduction in tax payable for the following 9 years. Additionally, employees with taxable income receive a 50% reduction in personal income tax.
– Import tax: Tax exemption applies to imported goods used to create fixed assets. Additionally, for the first five years, raw materials, supplies, and semi-finished components that cannot be produced domestically are also tax-exempt when imported for production purposes.
3. Location and transportation connections of Phu Xuan Industrial Park
Phu Xuan Industrial Park boasts a prime location near the center of Tam Ky city and is adjacent to two major regional transportation arteries: National Highway 1A and the Da Nang – Quang Ngai Expressway. This facilitates convenient and rapid connectivity with other industrial parks and economic centers in the region.
Distances to key locations:
– Approximately 4 km from the center of Tam Ky city
– Approximately 70 km from Da Nang city
– Approximately 24 km from Chu Lai Airport; approximately 70 km from Da Nang International Airport
– Approximately 15 km from Tam Hiep Port
– Approximately 23 km from Ky Ha Port
– Approximately 65 km from Tien Sa Port (Da Nang)
4. Infrastructure system
Transportation:
– The main road is designed with 4 lanes.
– Internal roads have 2 lanes, ensuring convenient traffic flow within the industrial park.
Electricity Supply System:
Electricity is supplied from the national grid via the Phu Ninh 110kV substation with 2 transformers, each with a capacity of 40 MVA, ensuring a stable power supply for the entire area.
Water Supply System:
Clean water is supplied from the Phu Ninh Water Treatment Plant with a capacity of approximately 20,000 m³/day, meeting the needs of the businesses.
Wastewater Treatment System:
The treatment system is built according to current environmental standards such as QCVN 25:2009/BTNMT, QCVN 02:2012/BTNMT, QCVN 07:2009/BTNMT, and QCVN 30:2012/BTNMT, ensuring that wastewater meets standards before being discharged into the environment.
Fire Protection System:
Implemented according to national technical standards on fire safety for buildings and structures.
Communications:
The telecommunications infrastructure uses VNPT’s fiber optic cables, meeting international standards, ensuring high-speed communication and data transmission services, as well as domestic and international postal services.
5. AVA – A leading investment consulting firm
With years of experience in land-related legal consulting, along with on-site surveys and direct work with industrial park management boards and foreign investors, we provide comprehensive service solutions for domestic and foreign investors in industrial parks nationwide, including:
– In-depth consulting on land and real estate law;
– Support for on-site surveys, factory and land site visits within industrial parks;
– Handling legal procedures such as applying for business licenses and investment registration certificates in Vietnam;
– Legal consulting during contract drafting, negotiation, and signing;
– Notarization and document authentication services, support for deposits, and assistance with bank loan applications.
