Long Duc Industrial Zone

INTRODUCTION:

Area: 100.6 hectares, - Stage I: 30 hectares, invested to build infrastructure and lent more than 70% of area; - Stage II: 70,6 hectares, in the process of infrastructure construction, of which 50.05 hectares are intended to lend. Location: Long Duc Industrial Zone located in the area of Long Duc commune, Tra Vinh province; 3km far from the provincial central, in parallel with Co Chien river and nearby Long Duc River Port which can receive ships with capacity of under 2,000-ton; roads link to the Highway No. 53 across Tra Vinh township and in a near future, a new road directly links the industrial zone to the Highways N0.53 and 60 will be built, which helps to shorten the distance between Soc Trang, Tra Vinh provinces and Ho Chi Minh City.

INVESTMENT INCENTIVE POLICY:
       1-   Price levels for ground renting and fee levels for infrastructure using:
        -   Ground renting price without infrastructure              1,440 VND/m²/per year.
        -   Ground renting price with infrastructure                  2,800 VND/m2/per year.

 -   The Eletricity and Water Supply Companies of Tra Vinh province will directly sign the contract to supply services to the Investors and the cost will be paid in accordance with the existing fix price.

(In case any foreign organizations or individuals or Vietnamese abroad who want to pay money for ground renting by foreign currency, the foreign exchange rate will be based on item 1, Article 19, Decree No.142/2005/ND-CP on November 14, 2005 by the Government).

(Quoting the Decision No.24/2007/QD-UBND on September 7, 2007 by the People’s Committee of Tra Vinh province)

2- Ground renting charge exemption:

07 (Seven) years since 2007 (quoting the Decree No.142/2005/NDĐ-CP on November 14, 2005)
3- Tax reduction.

3.1- Business income tax:

(quoting from the Decree No.24/2007/ND-CP on February 14, 2007 which regulates in details how to implement the Income Tax Law).

3.2- Import tax.

        Applied in accordance with the current regulations.

3.3- Training assistance.

For investment projects belong to areas or industries in the list of investment incentives or projects which regularly employ from 500 workers or more, if investors have demand to train their employees, they will build up training programmes and request for assistance in training expenditure, the provincial authority will consider to assist once for each case, namely:

Vocational training for local employees at technical schools (vocational establishments) in the duration from 3 months and above with assistance rate of VND 300,000/person; the training duration of under 3 months, the rate of assistance will be VND 100,000/person. The assistance level mentioned above will not exceed VND 100 million/a project.

(quoting from the Decision No.05/2007/QD-UBND on February 14, 2007 by the People’s Committee of Tra Vinh province; the Decision No.05/2008/QD-UBND on January 17, 2008 by People’s Committee of Tra Vinh province).

         3.4- Investment and trade promotion incentives

To commend and reWard for investment promotion:

All individuals, including officers, public servants who are working in Party and Government agencies, Unions (except for officers, public servants who are directly responsible to implement investment promotion in Party and Government agencies, non income-generating agencies, Front and unions of all level in the province) who deserve credit for mobilizing, calling upon and attracting investment projects to go into production in the province area, especially those of investment incentives mentioned in the Appendix I, promulgated together with the Decree No.108/2006/ND-CP will be commended and reWard ed for investment promotion as following:

•   For domestic investment projects (investors from other provinces): the reWard is equal to 0.2% of total fixed capital of the project but not more than VND 50 million per project;

•   For foreign investment projects (joint venture or 100% foreign capital): the reWard  is equal to 0.2% of total fixed capital of the project (according to the value of fixed asset investment) but maximum not more than USD 10,000 per project.

Investment assistance for enterprise establishment:

Domestic investors (from other provinces) and foreign investors invest in the areas or special investment incentives, as regulated at the Appendix I, promulgated together with the Decree No.108/2006/ND-CP by the Government, who need to get assistance for expenses of enterprise establishment (register via the Investment Trade and Tourist Promotion Centre) will be assist part of expenses to set up a file: Certificate of Business Registration, Business Establishment Forms; Copy of Land Record; seal carving, fire regulations. The level of assistance as following:

As for foreign investors:

      For domestic investors (from other provinces):

     (Quoting the Decision No.05/2008/QD-UBND on January 17, 2008 by the People’s Committee of Tra Vinh province).

INDUSTRIES AND AREAS OF CALLING FOR INVESTMENT

1.    Aquatic product and seafood processing;

2.    Multi-products processing from coconut trees;

3.    Post-sugar and by-product of sugar products processing;

4.    Cattle feed and aquatic product processing;

5.    Plastic and composite products manufacture;

6.    High-grade construction material manufactures;

7.    Intermediate material manufactures for pharmaceutical industry.

8.    Electrical assembling and components production;

9.    Cars and motor bikes assembling;

10.  Other projects in accordance with the general project of the industrial zone.

PERIOD OF CERTIFICATE LICENSE

      The period for examining and licensing investment certificate for a new project will be 1-5 working days and simultaneously, association with other agencies will be carried out to carve stamp and issue tax code for the enterprise as required in the shortest period of time.