DAM HONG INDUSTRIAL CLUSTER YEN BAI PROVINCE, VIET NAM
Dam Hong Industrial Cluster is located in Van Phu Commune, Yen Ninh Ward, Yen Bai Province.
Dam Hong Industrial Cluster is one of the potential industrial clusters of Yen Bai 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. Infrastructure is being built, and enjoy many preferential regimes when investing.
Advantages of the traffic of enterprises operating in the Dam Hong Industrial Cluster
The industrial cluster has a strategic location for industrial development, flat terrain, and convenient for goods transportation and circulation because it is adjacent to big cities with large ports and national highways, specifically as follows:
- The West borders the Red River
- The North borders the residential area
- The South borders on Van Phu commune
- The East borders Tan Thinh commune
Road:
- 153km from the Lao Cai border gate
- 152km from Hanoi City Center
- 9km from Noi Bai – Lao Cai highway
Waterway:
- 281km from Hai Phong Port
Airline:
- 5km from Yen Bai Airport
Investor: People’s Committee of Yen Bai District
Area of Dam Hong Industrial Cluster: The industrial cluster was built on a large scale with a total area of 71ha.
Economic planning:
- Processing forest wood
- Repair of technological and transport equipment
- Mineral processing and construction materials
Preferential policies in Dam Hong Industrial Cluster:
Corporate income tax incentives
Enterprises implementing new investment projects specified at Point A below shall apply the tax rate of 10% for 15 years.
- Incomes of enterprises from implementing new investment projects in industrial parks in the province. Incomes of enterprises from the implementation of new investment projects in the following fields: Scientific research and technological development; high-tech applications on the list of hi-tech prioritized for development investment in accordance with the Law on High Technology; high-tech incubation, high-tech enterprise incubation; venture capital investment in the development of high technologies on the list of high technologies prioritized for development in accordance with the law on high technology; investment in construction – the business of high-tech incubators, high-tech enterprise incubation; invest in the development of water plants, power plants, water supply, and drainage systems; software product production; production of composite materials, all kinds of light construction materials, rare and precious materials; produce renewable energy, clean energy, energy from waste destruction; biotechnology development.
- Incomes of enterprises from the implementation of new investment projects in the field of environmental protection, including: Manufacture of environmental pollution treatment equipment, environmental monitoring, and analysis equipment; pollution treatment and environmental protection; collection and treatment of wastewater, exhaust gas, and solid waste; recycling and reuse of waste.
- High-tech enterprises and hi-tech agricultural enterprises.
- Income of the enterprise from the implementation of new investment projects in the field of production (except projects for the production of goods subject to excise tax, mining projects) that satisfy either of the following two criteria:
- Projects with a minimum investment capital of VND 6 trillion, disbursed within 3 years from the date of issuance of the investment license and with a total revenue of at least VND 10 trillion/year within 3 years at the latest. year from the year of revenue.
- The project has a minimum investment capital of 6 trillion VND, disbursed within 3 years from the date of issuance of the investment license and employs more than 3,000 employees (only employees with labor contracts are included). working full-time, excluding part-time employees and short-term contract workers under 01 year) no later than 3 years from the year of revenue.
The tax rate of 10% applies to the following incomes:
- Income of the enterprise from performing socialization activities in the fields of education – training, vocational training, health, culture, sports and environment.
- Income from publishing activities of the Publisher in accordance with the Law on Publishing;
- Income from printing press activities (including advertising on printed newspapers) of press agencies according to the provisions of the Press Law;
- Income of the enterprise from implementing investment projects – social housing business for sale, lease, lease purchase for the subjects specified in Article 53 of the Law on Housing.
The tax rate of 20% for a period of 10 years applies to:
- Incomes of enterprises from implementing new investment projects in areas with difficult socio-economic conditions.
- Income of enterprises from implementing new investment projects: Producing high-grade steel; producing energy-saving products; manufacturing machinery and equipment for agriculture, forestry, fishery and salt production; production of irrigation equipment; producing and refining animal, poultry and aquatic feed; traditional industry development.
The tax rate is 20% for people’s credit funds and microfinance institutions and from January 1, 2016 the tax rate is 17%.
Tax-free incentives, tax reductions
- Tax exemption for 4 years, reduction of 50% of tax payable for the next 9 years for enterprises’ incomes from implementing new investment projects in the field of socialization implemented in industrial zones in the province.
- Tax exemption for 4 years, reduction of 50% of tax payable for the next 5 years for enterprises’ incomes from implementing new investment projects in the field of socialization.
- Tax exemption for 2 years and 50% reduction of payable tax for the next 4 years for income from implementing investment projects in industrial zones in the province.
Import duty-free offer
Import tax exemption for goods imported to create fixed assets of investment projects in industrial parks:
- Equipment
- Specialized means of transport in technological lines cannot be produced domestically; Means of transport for transporting workers include cars with 24 seats or more and water vehicles.
- Components, details, separate parts, spare parts, jigs, molds and accompanying accessories for synchronous assembly with specialized equipment, machinery and means of transport specified at Points a and b of Clause 1 of this Article. This.
- Raw materials and supplies that cannot be domestically produced are used to manufacture equipment and machinery in technological lines or to manufacture components, details, separate parts, spare parts, jigs, molds and accessories. accompanying accessories for synchronous assembly with equipment and machinery specified at Point A of this Clause.
- Construction materials cannot be produced domestically.
Main products of Dam Hong Industrial Cluster:
- Factory for rent is available
- Industrial parkland for rent
- Leasing land and building factories on request
Other utilities of Dam Hong Industrial Cluster:
- Security system
- Internal infrastructure system
- Water supply and drainage system
- Garbage and wastewater treatment system
- Clean water supply system
- Fire protection system
- Automatic wastewater monitoring system
In addition, businesses operating in the Dam Hong Industrial Cluster, Yen Bai Province will be able to use the preferential services of the Vinasc Group system. Specific services such as:
- Accounting services
- Auditing service
- Tax consulting service
- Appraisal service
- Established business services
- Legal and license consulting services
- Consulting and building internal control process services
- Work permit, temporary residence services for foreigners
Industrial zones and clusters in the same area in Yen Bai Province:
- Au Lau Industrial Cluster
- Phia Nam Industrial Park
- Mong Son Industrial Park
- Minh Quan Industrial Park
- Y Can Industrial Cluster
- Au Lau Industrial Cluster
- Bao Dap Industrial Cluster
- Dong An Industrial Cluster
- Son Thinh Industrial Cluster
- Thinh Hung Industrial Cluster
- Dam Hong Industrial Cluster
- Hung Khanh Industrial Cluster
- Bac Van Yen Industrial Cluster
- Phia Tay Cau Mau A Industrial Cluster