An Tay Industrial Park

An Tay Industrial Park

I. INTRODUCTION

– Investment Certificate No. 462045000306, dated on 29/10/2007 by Binh Duong Industrial Zone’s Board of Management.

– Decision No. 4573/QĐ-UBND “Approving master planning in detail”, dated on 23/10/2007 by Binh Duong People’s Committee.

II. STRUCTURE OF LAND USE

– Total Investment: 2,424.75 billion VND.

– Leasing Industrial land: 335.24 ha.

– Infrastructure facilities: in constructing.

– Plant for Centralized wastewater treatment: in constructing.

– Total implementing capital: 703,244 billion VND.

III. Incentive policies for projects on manufacturing supporting industrial products on the List of supporting industrial products prioritized for development

1. Corporate income tax:

Corporate income tax rate 10% for 15 years (Clause 1, Article 13, Law on Corporate Income Tax No. 14/2008 / QH12 of the National Assembly and Clause 5, Article 1, Law on Book 71/2014 / QH13 amending and supplementing a number of articles of tax laws)

2. Import tax:

Import tax exemption for imported goods to create fixed assets in accordance with the Law on Import Tax and Export Tax and its guiding documents. an tay industrial park

3. Market development support:

It is prioritized to participate in provincial trade promotion program, national trade promotion program.

Partly support the cost of trademark registration, participation in domestic and foreign trade fairs and exhibitions and funding for market information access. an tay industrial park

4. Support for application and transfer (Article 5, Decree No. 111/2015 / ND-CP dated November 3, 2015 of the Government)

• Organizations and individuals transferring supporting manufacture technology products on the List of supporting industry products prioritized for development are entitled to incentives from the law on technology transfer and other incentives under the current regulations.
• Technology application and transfer activities to manufacture supporting industry products on the List of supporting industries prioritized for development supported by the Supporting Industry Development Program are as follows:

+ Projects and schedule on cooperation between manufacturing enterprises and units having technologies applied in technology transfer shall be partially funded;

+ The cost of manufacturing and testing supporting industry products on the List of supporting industry products prioritized for development is supported up to 50%.

+ The State shall support up to 75% of the cost of technology transfer for a material production project using more than 85% of the raw materials that are products of the deep processing of domestic minerals, including metal ores, non-metal ores and petrochemical products for the production of supporting industrial products.

5. Support for human resource development: (Article 6, Decree No. 111/2015 / ND-CP dated November 3, 2015 of the Government)

• Human resource training for supporting industry:

+ Project of manufacturing supporting industry products on the List of supporting industry products prioritized for development is supported with funds from the Program on Supporting Industry Development for Human Resource Training;

+ Individuals directly performing the tasks of the Supporting Industry Development Program are given priority in training to improve their domestic and foreign qualifications according to state training programs.

• Institution of Human resource training for supporting industries:

+ The State encourages organizations and individuals to invest, enter into joint ventures and cooperation to build human resource training facilities direct for production of supporting industrial products;

+ Institutions of Human resource training for production of supporting industrial products are funded and supported by science and technology funds, training and other funds;

The State encourages the existing universities, research institutes and training institutions to participate in the training of human resources for the supporting industry.​

6. Incentives for small and medium – sized enterprises: (Clause 2, Article 12 of Decree No. 111/2015 / ND-CP dated November 3, 2015 of the Government)

In addition to general incentives, small and medium-sized enterprises who manufacture supporting industry products on the List of supporting industry products prioritized for development are also entitled to the following incentives:

• Investment credit: enterprises can borrow up to 70% of investment capital in credit institutions on the basis of guarantees of credit guarantee institutions for small and medium – sized enterprises as prescribed if the following conditions are met:

+ Total value of assets mortgaged or pledged at a credit institution in accordance with the law at least 15% of the value of the loan, after excluding the value of the mortgaged or pledged property for other loans;

+ At least 20% equity capital participating in an investment project, after deducting the equity amount arranged for other projects;

+ At the time of request for guarantee, there are no outstanding debts to the state budget, bad debts at credit institutions or other economic organizations.

• Land and water surface rental:

+ To enjoy exemption or reduction of land and water surface rental according to the provisions of the land law;

+ In case a special project or large scale project that brings socio-economic efficiency, which is in need of higher support than the specified support as above, the Ministry of Finance shall coordinate with the Ministry of Planning and Investment to submit to the Prime Minister. The Prime Minister makes a decision on the basis of the proposal of the Provincial People’s Committee where the land is located in accordance with the land law.

7. Subjects of incentives, Procedures to confirm incentives and other regulations

This is detailed in the Government’s Decree No. 111/2015 / ND-CP dated November 3, 2015.