LAM SON-SAO VANG INDUSTRIAL PARK THANH HOA PROVINCE, VIET NAM

Lam Son-Sao Vang Industrial Park is located in Xuan Phu, Xuan Thang Communes, Tho Xuan District and Tho Son Commune, Trieu Son District, Thanh Hoa Province.

Lam Son-Sao Vang Industrial Park is one of the potential industrial zones of Thanh Hoa province that is attracting domestic and foreign investors. At the same time, creating jobs and improving the living standards of local workers. The system of trees is arranged alternately between other functional areas to create green space to protect the environment.

Advantages of the traffic of enterprises operating in Lam Son-Sao Vang Industrial Park

Lam Son – Sao Vang Industrial Park has a favorable geographical position in terms of power supply, water supply, traffic and services; easy to attract skilled labor, the cost of land and infrastructure investment is much lower than other industrial zones in the North of Vietnam.

Road:

• Located next to National Highway 1A 3.8km
• Located 1.8km from National Highway 47
• Located 38km from Thanh Hoa City center

Waterway:

• 47km from Le Mon Port
• 92km from Nghi Son Port
• 215km from Hai Phong Seaport

Airline:

• 5km from Tho Xuan Airport

Investor: Cuong Thinh Thi Construction Group Joint Stock Company and Mien Trung Construction Group Joint Stock Company

Area of Lam Son-Sao Vang Industrial Park: The industrial park was built on a large scale with a total area of 197ha.

Economic planning:

• Producing and exploiting minerals
• Installation of other construction systems
• Industrial production of printing and packaging
• Producing other household appliances
• Producing leather shoes, dyeing, and garment
• Producing and processing food, drinking water
• Mechanical processing, metal processing and coating, chemicals
• Producing materials and other installation equipment in construction

Preferential policies at Lam Son-Sao Vang Industrial Park:

Exemption and reduction of corporate income tax

• 10% discount for 15 years; exemption for 04 years from the date of taxable income and a reduction of 50% for the next 9 years.

Exemption and reduction of land rent

• Exemption of land rent for 11 years since the project is completed and put into operation. Exemption from land rent during the period of temporary suspension of construction or operation due to difficulties in the project must be suspended when certified by the investment licensing agency.
• 50% reduction of land rent during the period of production and business shutdown in the event of a natural disaster, fire, or force majeure accident.

Export tax, import tax

Exemption from import tax to create fixed assets, including:

• Machinery, equipment, components, details, separate parts, spare parts for synchronous assembly or synchronous use with machinery, equipment, raw materials and supplies used to manufacture machinery and equipment or to manufacture components, details, loose parts, spare parts of machinery and equipment
• Specialized means of transport in the technological line directly used for production activities of the project, construction materials that cannot be produced domestically.

Main products of Lam Son-Sao Vang Industrial Park:

• Factory for rent is available
• Industrial parkland for rent
• Leasing land and building factories on request

Other facilities of Lam Son-Sao Vang Industrial Park:

• Security system
• Water supply and drainage system
• Internal infrastructure system
• Clean water supply system
• Garbage and wastewater treatment system
• Fire protection system
• Automatic wastewater monitoring system

In addition, businesses operating in Lam Son-Sao Vang Industrial Park, Thanh Hoa Province will be able to use the preferential services of the Vinasc Group system. Specific services such as:

• Accounting service
• Auditing service
• Tax consulting service
• Appraisal service
• Established business services
• Legal and license consulting services
• Consulting and building internal control process service
• Work permit, temporary residence service for foreigners

Industrial zones in the same area in Thanh Hoa Province:

• Le Mon Industrial Park
• Bim Son Industrial Park
• Ngoc Lac Industrial Park
• Bai Tranh Industrial Park
• Hoang Long Industrial Park
• Thach Quang Industrial Park
• Dinh Huong – Tay Bac Ga Industrial Park