Phuoc Nam Industrial Park

Overview of Phuoc Nam Industrial Park:

Phuoc Nam Industrial Park is the first industrial park in Khanh Hoa Province, established in 2007 according to the Prime Minister’s Directive No. 1050/TTg-CN dated July 6, 2006.

• Decision No. 1151/QD-BXD dated August 16, 2006, by the Ministry of Construction on the approval of the detailed planning of Phuoc Nam Industrial Park – Khanh Hoa.
• Decision No. 233/QD-UBND dated September 6, 2007, by the People’s Committee of Khanh Hoa Province regarding the land lease for investment in the construction and operation of infrastructure in the industrial park.

The project is invested by Phuoc Nam – Khanh Hoa Investment Joint Stock Company.

The industrial park has a scale of 369.92 hectares.

Geographical location:

Phuoc Nam Industrial Park is located in Phuoc Nam Commune, Ninh Phuoc District, Khanh Hoa Province.

Scope and boundaries:

• It borders the Nam Trung Bo Drought-Resistant Tree Research Center to the North.
• It borders the Quan Salt Processing Project to the South.
• It borders Chà Bang Mountain to the East.
• It borders National Highway 1A to the West.

Phuoc Nam Industrial Park has a strategic location, near National Highway 1A, the North-South railway line, and international seaports. This provides convenient transportation and connectivity with other regions within the country and internationally.

Furthermore, there is rapid development taking place in Phuoc Nam Industrial Park, with the implementation of numerous new investment projects. This growth creates numerous business opportunities and long-term benefits for existing and prospective businesses in the industrial park.

The infrastructure of Phuoc Nam Industrial Park:

Transportation:

– Road network:

• It includes National Highway 1A (with a width of 27m and a road surface of 14m, relatively good asphalt quality).
• The district road from National Highway 1A to the central area of Phuoc Diem commune (with a width of 12m and a road surface of 10m).
• The development plan for the transportation system in the area includes a coastal road passing through the Doc Ham and Ca Na areas.

– Railway:

• The North-South unified railway line runs along the western side, with a station in Ca Na.
• The authorities are considering renovating the station in the future to transform it from its current usage as a train passing station into a combined freight and tourist passenger station.

– Seaport:

• The authorities have upgraded Ca Na Port from a 500 DwT to a 1,000 DwT port, and it currently serves as a salt port in the area.
• The port features a concrete wharf measuring 210m in length and 6m in width.

Power supply system: It utilizes the national power grid with a capacity of 110/22KV, consisting of two 25 MVA substations and one 15 MVA substation.

Water supply system: It includes a water plant with a capacity of 40,000 m3/day and night, providing water for Phuoc Nam Industrial Park and the surrounding areas.

Wastewater treatment system: It has a capacity of 6,000 m3/day and night.

Investment attraction:

Investment-attracting industries:

Phuoc Nam Industrial Park prioritizes industries with minimal environmental impact, such as:

• Electronic and computer assembly, high-tech industries, and projects related to renewable energy production.
• Automobile and motorcycle assembly.
• Mechanical engineering for agricultural machinery and industries.
• Construction materials industry and processing of agricultural, forestry, and aquatic products.
• Consumer goods manufacturing.

Investment incentives include the following:

Land rental fees: For projects investing in technical infrastructure, the entire duration of the land lease for project implementation is exempted.

Corporate income tax:
– Investing in technical infrastructure:

• A 10% tax rate is applied for 15 years from the start of production and business activities.
• The tax authorities grant a tax exemption for 4 years from the first taxable income, followed by a 50% reduction in tax payment for the following 9 years.

– Secondary investment projects:

• From the start of production and business activities, a 10% tax rate is applied for 15 years.
• The tax authorities grant a tax exemption for 4 years from the first taxable income, followed by a 50% reduction in tax payment for the subsequent 9 years.