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Vietnam – Singapore Industrial Park In Bac Ninh Province

 VIETNAM – SINGAPORE INDUSTRIAL PARK BAC NINH PROVINCE, VIET NAM

Vietnam – Singapore Industrial Park is located at National Highway 1, Tu Son Town, Bac Ninh Province.

Vietnam – Singapore Industrial Park is one of the potential industrial parks of Bac Ninh 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.

Traffic advantages of enterprises operating in Vietnam – Singapore Industrial Park

The IP has a strategic location for business and industrial development, flat terrain, convenient for goods transportation and circulation because it is adjacent to big cities with wide ports and national highways, specifically as follows:

Road:

  • 16km from Hanoi City center
  • About 135km from the Vietnam-China (Lang Son) border gate

Waterway:

  • 140km from Cai Lan Port
  • 110km from Hai Phong Port

Airline:

  • 55km from Noi Bai International Airport

Investor: Vietnam – Singapore Joint Venture Company Limited

Area of Vietnam – Singapore Industrial Park: The industrial park was built on a large scale with a total area of 700ha.

Economic planning:

  • Textile industry, production of plastic products
  • Processing industry of agro-forestry products, drugs and pharmaceutical materials
  • Producing high-grade building materials, packaging, assembling and manufacturing auto and motorcycle parts.
  • Precision mechanical manufacturing industry; electronics industry, information technology; consumer goods industry (textiles, ceramics).

Preferential policies at Vietnam – Singapore Industrial Park:

Corporate income tax incentives

  • Incentives are applied continuously from the first year the enterprise has taxable income from the investment project; in case an enterprise has no taxable income in the first 3 years since it has revenue from an investment project, the tax exemption or reduction period is counted from the fourth year.
  • General incentives: Exemption for 2 years, 50% off for the next 4 years (applicable tax rate 20%)
  • Incentives for high-tech enterprises and supporting industries: Preferential tax rate of 10% for 15 years, exemption for 4 years, 50% reduction for the next 9 years.

Incentives on land rental

  • Land rent is exempted for the first 10 years and reduced by 50% for the remaining years of the project’s operation, in addition to be considered for a decision to allow delayed payment of land rent for a certain period of time in the form of debt collection. with the State Budget.
  • When investing in other areas in the province, they are entitled to preferential land rental rates, exempted from land rent for the first 8 years and reduced by 40% for the following years.

Import duty-free offer

  • Exemption from import tax on machinery and equipment creating fixed assets of the enterprise.
  • Exemption from import tax for components, spare parts, loose parts in production lines, raw materials, fuel and materials for production.

Main products of Vietnam – Singapore Industrial Park:

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

Other facilities of Vietnam – Singapore Industrial Park:

  • 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 Vietnam – Singapore Industrial Park, Bac Ninh province will be able to use 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 services
  • Work permit, temporary residence services for foreigners

Industrial parks in the same area in Bac Ninh province:

  • Hanaka Industrial Park
  • Que Vo 3 Industrial Park
  • Que Vo 2 Industrial Park
  • Que Vo 1 Industrial Park
  • Tien Son Industrial Park
  • Gia Binh Industrial Park
  • Gia Binh 2 Industrial Park
  • Yen Phong 1 Industrial Park
  • Thuan Thanh 3 Industrial Park
  • Thuan Thanh 2 Industrial Park
  • Thuan Thanh 1 Industrial Park
  • Yen Phong IIA Industrial Park
  • Yen Phong IIB Industrial Park
  • Yen Phong IIC Industrial Park
  • Nam Son – Hap Linh Industrial Park
  • Dai Dong – Hoan Son Industrial Park
  • Vietnam – Singapore Industrial Park (VSIP)