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Vung Ang Economic Zone In Ha Tinh Province

VUNG ANG ECONOMIC ZONE HA TINH PROVINCE, VIET NAM

Vung Ang Economic Zone is located in 9 communes in the South of Ky Anh District, Ha Tinh Province

Vung Ang Economic Zone has been established and officially put into operation, serving the general development of Ha Tinh province, attracting the investment of domestic and foreign investors and helping to create jobs, thereby improving the living standards for local workers. The system of trees is arranged alternately between other functional areas to create green space to protect the environment.

Advantages of traffic of enterprises operating in Vung Ang Economic Zone

Vung Ang EZ has a favorable geographical position with its back against the mountain, facing the East Sea, 60 km from Ha Tinh City and Thach Khe iron mine, with a cluster of deep-water ports Vung Ang – Son Duong can continue to receive ships with tonnage from 5 to 25 thousand tons; Vung Ang Economic Zone is located on the North-South traffic axis, the East-West economic corridor is very convenient for development.

  • The South borders Quang Binh province
  • The North and East are bordered by the East Sea
  • The West borders on Ky Khang, Ky Tho, Ky Hai, Ky Hung communes and Ky Anh town

Road:

  • Located 109km from Vinh City center
  • Located 60km from Ha Tinh City center
  • Located 58km from Cau Treo International Border Gate

Waterway:

  • 128km from Cua Lo Port
  • 459km from Hai Phong Seaport
  • 14km from Laos – Vietnam International Port

Airline:

  • 115km from Vinh airport

Investor: Service center and infrastructure of Vung Ang economic zone

Area of Vung Ang Economic Zone: The industrial park was built on a large scale with a total area of 22,781 ha.

Economic planning:

  • Production of building materials
  • Processing agricultural, forestry and aquatic products
  • Manufacture of beds, cabinets, tables and chairs
  • Construction of industrial park infrastructure
  • Producing consumer goods, household appliances
  • Producing and manufacturing spare parts, assembling, mechanical, electrical, electronic

Preferential policies in Vung Ang Economic Zone:

Corporate income tax incentives

  • The corporate income tax rate of 10% is applicable for 15 years. Since the project started business activities; exempted from corporate income tax for 4 years. Since having taxable income and reducing 50% of tax payable for the next 9 years. After making a tax finalization with the tax authority and suffering a loss, an enterprise may carry forward the loss to subsequent years to deduct it into taxable income, but the time for carrying forward the loss must not exceed 5 years.

Import and export tax incentives

  • Workers in industrial zones with high incomes are entitled to a 50% reduction in income tax.
  • Exemption from import tax for 5 years for production materials, supplies, components and semi-finished products that must be imported but cannot be produced domestically.

Main products of Vung Ang Economic Zone:

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

Other utilities of Vung Ang Economic Zone:

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

In addition, businesses operating in Vung Ang Economic Zone, Ha Tinh 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
  • Legal and license consulting services
  • Established business services
  • Consulting and building internal control process services
  • Work permit, temporary residence services for foreigners

Industrial zones and clusters in the same area in Ha Tinh province:

  • Vung Ang Economic Zone
  • Dai Kim Industrial Park
  • Ha Vang Industrial Park
  • Phu Vinh Industrial Park
  • Gia Pho Industrial Cluster
  • Son Le Industrial Cluster
  • Phu Viet Industrial Cluster
  • Ky Hung Industrial Cluster
  • Ky Ninh Industrial Cluster
  • Yen Huy Industrial Cluster
  • Thai Yen Industrial Cluster
  • Nam Hong Industrial Cluster
  • Huong Khe Industrial Cluster
  • Truong Son Industrial Cluster
  • Thach Bang Industrial Cluster
  • Trung Luong Industrial Cluster
  • Cam Nhuong Industrial Cluster
  • Cong Khanh 1 Industrial Cluster
  • Cong Khanh 2 Industrial Cluster
  • Huyen Can Loc Industrial Cluster
  • Bac Cam Xuyen Industrial Cluster
  • Huyen Duc Tho Industrial Cluster
  • Huyen Thach Ha Industrial Cluster
  • Huyen Vu Quang Industrial Cluster
  • Huyen Nghi Xuan Industrial Cluster
  • Cau Treo International Border Gate Economic Zone
  • Thach Kim Seafood Processing Industrial Cluster