Bau Bang Industrial Park

Bau Bang Industrial Park

1. INTRODUCTION

– Decision No. 566/TTg-CN, dated 10/05/2007 by Prime Minister to lay down policy on establishment Bau Bang Industrial Park, Binh Duong.

– Investment Certificate No. 46221000302, dated on 23/10/2007 by Binh Duong Industrial Zone’s Board of Management.

– Decision No. 4280/QĐ-UBND “Approval master plan in detail”, dated on 28/09/2007 by Binh Duong People’s Committee.

2. STRUCTURE OF LAND USE

– Industrial Park Add: Lai Uyen commune, Ben Cat district, Binh Duong province, Vietnam.

– Total Investment: 1,570.578 billion VND.

– Leasing Industrial land: 699.24 ha.

– Infrastructure facilities: in construction.

– Plant for Centralized wastewater treatment: daily capacity 4,000 m^3.

– Total implementing capital: 1.020 billion VND.

– Re-Leased land: 120 ha, filled land percentage 17,16%.

IV. Projects in the fields of education – training, vocational education, healthcare, culture, physical training and sports, environment, judicial assessment:

Pursuant to (Decree No. 59/2014 / ND-CP dated June 16, 2014 amending and supplementing Decree No. 69/2008 / ND-CP dated May 30, 2008 of the Government)

1. Land rent exemption or reduction:

The socializing establishment may be leased with annual rental payment by the State or leased land with one-off rental payment for the entire lease term and may be considered for land rental exemption or reduction depending on the area as follows:

• For communes and towns: land rent exemption for the entire land lease term.

·      For communes and wards: the number of years with land rental exemption is calculated by 50% of the land lease period.

Conditions and procedures for land rental exemption and reduction are specified in Decision No. 44/2016 / QD-UBND dated November 1, 2016 of the Binh Duong People’s Committee.

2. Corporate income tax (Clause 2, Article 15 of the Government’s Decree No. 218/2013 / ND-CP dated December 26, 2013)

Projects with income from socialization are subject to a 10% corporate income tax during their operation. Newly established projects are eligible for tax exemption for 4 years from the time they have taxable income and 50% reduction of payable tax amounts for the next 5 years.

3. Incentives on credit and capital mobilization:

It is stipulated in Article 9, Article 10 of Decree No. 69/2008 / ND-CP dated May 30, 2008 of the Government.

4. Import tax

Import tax exemption for imported goods to create fixed assets for enterprises according to regulations (Pursuant to Decree No. 134/2016 / ND-CP dated September 1, 2016 of the Government).