Dai Ngai Industrial Park

I. Overview of Dai Ngai Industrial Park:

On December 8, 2021, the People’s Council of Soc Trang province issued Resolution No. 184/NQ-HDND on the task of zoning for the construction of Dai Ngai Industrial Park, Long Phu district, Soc Trang province with a scale of 1/2,000.

Dai Ngai Industrial Park is located in Long Duc commune, Long Phu district, Soc Trang province; with a total planning area of 211.26 hectares, of which the industrial park scale is 200 hectares.

Investor incentives:

Tax incentives for investors:

• Corporate income tax incentives enjoyed by Dai Ngai industrial park (Decree 218/2013/NĐ-CP): the tax rate is 10% within 15 years (including exemption of the first 04 years and 50% reduction of the tax payable for the next 09 years).
• Export tax and import tax incentives enjoyed by the industrial park: exemption from import tax for imported goods to create fixed assets; domestic raw materials that have not been produced; machinery in the technological line or for manufacturing components, parts, detachable components, accessories, fixtures, molds, accompanying accessories for synchronous assembly with equipment, machinery according to the regulations of the Government.

Land lease incentives in Dai Ngai industrial park (according to Decree 46/2014/NĐ-CP):

• The government provides free land lease and water surface lease for the entire lease term to investment projects in specially preferential investment sectors, as specified in Decree 118/2015/NĐ-CP dated November 12, 2015.
• Free land lease and water surface lease during the basic construction period according to the approved project granted by the competent authority, but not exceeding 03 (three) years from the date of the land and water surface lease decision. Then the enterprise is exempted from land lease and water surface lease for 11 years for all projects, except for projects in preferential investment sectors which are exempted for 15 years.

Dai Ngai Industrial Park is located in a relatively convenient geographical and transportation position. By 2021, the total area of the industrial park will be 200 hectares. The expansion will provide abundant sources of clean land for the rental needs of investors.

An area listed as having extremely difficult economic and social conditions hosts the Industrial Park. Therefore, investors who participate in investment activities in the  Industrial Park will receive many attractive investment incentives.

II. Infrastructure of Dai Ngai Industrial Park:

Investors are building the industrial park infrastructure synchronously and completely. These include:

• Power system: Supplied from the 10/22KV station to the industrial park fence, with businesses investing in their own power grids.. A 4400 MW coal-fired power plant is located right in the industrial park.
• Water system: Meets the demand for both daily use and other production activities, provided by the water supply plant.
• Wastewater system: Designed separately for rainwater and wastewater, with all industrial and domestic wastewater treated in a centralized waste treatment plant with a capacity of 4,000 m3 per day and night before being discharged into the environment.
• Telecommunication services: The advanced international-standard network system provided by VNPT supports both domestic and international communication.
• Transportation systemThe internal roads have two lanes, and the main road has six lanes, ensuring that large vehicles can enter.
• Fire protection system: Installed alongside the clean water system to ensure safety for the industrial park.

III. Industry attracting investment of Dai Ngai Industrial Park:

• Industries including manufacturing of construction materials.
• Production of machinery and equipment for agriculture and industry.
• Assembly of motorcycles and automobiles, shipbuilding.
• Other mechanical industries, and supporting industries.