Huu Thanh Industrial Park - Long An

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Information
Operating time: 2019 - 2069
Total Area: 524,14
Infrastructure investors: Industrial Development and Investment Corporation (IDICO)
Price: $155 usd/m2
Building density: 65%
Occupancy: 30%
Address: Huu Thanh Commune, Duc Hoa District, Long An Province, Vietnam

Huu Thanh Industrial Park is located in Duc Hoa district, Long An province, Vietnam, situated in the key economic region in the South, playing a crucial role in Vietnam’s economic development strategy.

I. Overview:

  • Huu Thanh is adjacent to Ho Chi Minh City, the largest and most dynamic economic center in the country, serving as a gateway connecting the provinces in the Mekong Delta with Ho Chi Minh City, the southeastern provinces, the Central Highlands, and Cambodia.
  • Project Name: Huu Thanh Industrial Park
  • Address: Huu Thanh Commune, Duc Hoa District, Long An Province, Vietnam
  • Investor: Industrial Development and Investment Corporation (IDICO)
  • Commencement Date: 2019
  • Project Operation Period: Until August 6, 2069
  • Total Area: 524.14 hectares, including:
  • Industrial Land: 361.87 hectares
  • Administrative and Service Infrastructure Land: 14.48 hectares
  • Technical Infrastructure Land: 10.01 hectares
  • Greenery and Water Surface Land: 88.49 hectares
  • Transportation Land: 49.29 hectares
Huu Thanh Industrial Park - Long An Province - TTTFIC Group

Huu Thanh Industrial Park – Long An Province – TTTFIC Group

II. Geographic Location:

Huu Thanh Industrial Park, managed by IDICO, is located in Huu Thanh Commune, Duc Hoa District, Long An Province, near Ho Chi Minh City.

  • North: Adjacent to Tan Duc Industrial Park Phase 2.
  • South: Adjacent to The Ky Industrial Park and Xang Nho Canal.
  • East: Adjacent to Xa Tinh Canal.
  • West: Adjacent to residential areas for industrial workers in Huu Thanh Industrial Park, approximately 150 meters from Provincial Road 830.
  • Distance to Ho Chi Minh City – Trung Luong Expressway: 15km.
  • Distance to National Highway 1A: 20km.
  • Distance to Long An International Port: 51km.
  • Distance to Tan Son Nhat International Airport: 40km.
  • Distance to Cat Lai Port: 55km.

III. Infrastructure:

  • Power Supply System:

Power Source: From the national power grid managed by Duc Hoa District Power / Long An Province Power.

Power Supply Voltage for Factories: 22kV

  • Water Supply System:

Source: Dong Canal Water Supply Project with a capacity of 50,000 m3/day.

  • Communication System:

The communication system is provided by various networks such as VNPT, FPT, Viettel, ensuring smooth communication domestically and internationally, including services like telephone, mobile phone, fax, internet.

  • Water Drainage System:

Rainwater in Huu Thanh Industrial Park is channeled through approximately 28 drainage basins, including 8 basins draining eastward to Xa Tinh Canal, 5 basins draining southeastward to Xang Nho Canal, 10 basins draining to new canals in the north, 2 basins draining to existing Canal 7 in the southwest, and 3 basins draining to new canals in the south. The entire drainage system leads to the Vam Co Dong River.

The rainwater drainage network in Huu Thanh Industrial Park is designed for gravity flow.

The rainwater drainage system includes concrete-reinforced steel culverts with diameters of D400, D600, D800, D1000, D1200, D1500, D1800, D2000, B2000xH2000, B2500xH2500, and B3000xH3000, combined with manhole systems, B500xH-sized channels arranged on sidewalks along roads to collect rainwater from land lots and road surface runoff through water inlets.

  • Wastewater Treatment System:

The industrial park will have a separate wastewater drainage system independent of the rainwater drainage system. All wastewater from Huu Thanh Industrial Park will be treated at the wastewater treatment station located near Road D5, north of the Industrial Park. After treatment, the wastewater, meeting discharge standards, will be released into the industrial park’s rainwater drainage system.

The wastewater treatment plant covers an area of 3.17 hectares with a processing capacity of 14,400 m3/day.

IV. Investment Attraction:

  • Electrical machinery, industrial electronics, and household appliances industry; Manufacturing of electrical and electronic equipment and components (including closed-loop production processes such as painting, coating, electroplating, metal surface cleaning using chemicals, etc.).
  • Electronic, computer, information technology, and telecommunications industry (including closed-loop production processes such as painting, coating, electroplating, metal surface cleaning using chemicals, etc.).
  • Manufacturing, repairing, and assembling motorcycles, cars, tractors, and other transportation vehicles (including closed-loop production processes such as painting, coating, electroplating, metal surface cleaning using chemicals, etc.).
  • Mechanical and precision engineering industry; Medical instruments (including closed-loop production processes such as painting, coating, electroplating, metal surface cleaning using chemicals, metal polishing, etc.).
  • Construction steel and steel pipe manufacturing industry (including closed-loop production processes such as painting, electroplating, metal surface cleaning using chemicals, metal polishing, etc.; non-casting, non-smelting).
  • Wood and furniture manufacturing industry; Wood processing, wood chip production from natural wood; Building materials (excluding cement production, clinker production, lime production); paints used in construction.
  • Ceramics, glass, crystal industry.
  • Plastic industry (not recycling plastic scrap only for producing plastic pellets; not producing plastic products from recycled materials involving cleaning processes such as scrubbing, scooping, washing at the plant).
  • Rubber industry (not processing rubber from latex, not recycling rubber).
  • Chemical and plastic material manufacturing; Products from plastic materials, paints.
  • Paper manufacturing industry (not producing paper pulp from wood and non-wood raw materials); paper products, packaging, printing plates, printing. For paper production projects using recycled paper as raw material, IDICO must submit a report and request for each specific project to the Department of Natural Resources and Environment for consideration, coordination with relevant departments, and local authorities to review, report, and propose the provincial People’s Committee to approve the implementation.
  • Textile and garment industry (no dyeing, no bleaching, no washing).
  • Production of leather products (excluding leather).
  • Processing of cereals, food, animal feed (not using fresh ingredients); beverage production.
  • Pharmaceutical manufacturing industry.
  • Production of cosmetics, industrial chemical additives.
  • Veterinary medicine production, raw material production for medicines (including both pharmaceutical and excipient materials).
  • Production of fitness, sports, toy, and jewelry equipment.
  • Manufacturing office supplies, materials, equipment (excluding industries related to printing ink).
  • Production of products serving agriculture; production, blending of fertilizers (excluding plant protection products).
  • High-tech agricultural industry.
  • Research, development, and application of technology center.
  • Advertising, display, introduction, and product business.
  • Catering services, utilities within the industrial park serving investors.
Huu Thanh Industrial Park - Long An Province - TTTFIC Group

Huu Thanh Industrial Park – Long An Province – TTTFIC Group

V. Investment Incentive Policies:

Corporate Income Tax Rate:

20% Tax Incentives:

  • A preferential tax rate of 17% for a continuous period of 10 years from the first year the enterprise generates revenue from the project. After this incentive period, the enterprise will be subject to a 20% tax rate.
  • Tax exemption for the first 2 years and a 50% reduction for the following 4 years from the year the taxable income is earned.
  • The tax exemption and reduction period is calculated continuously from the first year the enterprise generates taxable income from the project.
  • In case the enterprise does not have taxable income in the first three years (from the first year with project revenue), the tax exemption and reduction period will be calculated from the fourth year.
  • Basis for determining tax incentives: Decree No. 218/2013/NĐ-CP dated December 26, 2013; No. 118/2015/NĐ-CP dated November 12, 2015.

Import Tax: Enterprises are exempt from import tax for imported goods as specified in Article 16 of the Export Tax, Import Tax Law No. 45/2005/QH11 dated June 14, 2005, and Article 12 of Decree No. 87/2010/NĐ-CP dated August 13, 2010 of the Government detailing the implementation of some articles of the Export Tax, Import Tax Law.

VI. Investment Costs:

  • Infrastructure Usage Fee: USD 155/m2 for the entire lease term. Prices may vary depending on the location and land area.
  • Management Fee: USD 0.65/m2/year. Adjusted according to regulations at each specific time.
  • Annual Land Rental Fee: The land rental fee is paid annually in a lump sum, already included in the infrastructure usage fee.
  • Electricity Supply Price: Applied according to EVN’s electricity pricing.
  • Water Supply Price: VND 12,100/m3, may be adjusted according to the decision of the Long An Provincial People’s Committee.
  • Wastewater Treatment Fee: From USD 0.4-0.6/m3 depending on the quality of the incoming wastewater.

Note: The above unit prices do not include VAT and may be subject to change without prior notice.

VII. Conclusion on Huu Thanh Industrial Park:

  • Huu Thanh IDICO Industrial Park benefits from the infrastructure and urban expansion projects from Ho Chi Minh City, being in close proximity.
    • Huu Thanh IDICO Industrial Park is easily able to recruit labor due to its proximity to Ho Chi Minh City and the densely populated residential areas nearby.
    • The industrial park offers competitive land leasing rates compared to the surrounding areas.
    • Huu Thanh IDICO Industrial Park provides various investment incentives, particularly corporate income tax incentives:
  • The general corporate income tax rate is 20%.
  • A preferential corporate income tax rate of 17% for the first 10 years; From the 11th year, the rate is 20%.
  • Tax exemption for the first 2 years and a 50% reduction for the following 4 years.
  • Huu Thanh IDICO Industrial Park is suitable for industries such as consumer goods, light industries like textiles, garments, footwear, food processing, electronics, household appliances, information technology; wood and furniture industry.
  • The industrial park is an ideal location for relocating and expanding factories that have been operating for many years in the Ho Chi Minh City area and Bien Hoa 1 Industrial Park, Dong Nai province.
  • The investor is a reputable industrial park developer in Vietnam with nearly 30 years of experience in investment, construction, and infrastructure business in Vietnam.
  • Free assistance and support services for procedures such as investment certificate registration, business establishment registration, maximum customer service to help customers complete initial investment procedures and establish operational systems in Vietnam.
The land for lease that belong to Industrial Park has run out of stock. Only the land and warehouse has been re-invested by individual investor that still available
  • With over 20 years of experience in Design & Build for FDI projects of all scales. If you are looking for industrial real estate in Vietnam, give us a call! With a team of experienced experts, engineers, and lawyers, we have assisted thousands of buyers, sellers (M&A), and industrial real estate tenants (especially projects from Japan, US, Europe, Taiwan, China, Korea, Singapore, India…).
  •  For first-time investors in Vietnam, we assist in surveying suitable locations in Industrial Zones across the entire territory of Vietnam. We support handling investment procedures for projects.
  •  Our Design & Build approach means that from the moment the investor completes the land lease location, we take responsibility for all steps, including obtaining IRC/ERC; DTM; Fire prevention and firefighting certificates; legal aspects of the project from the design phase; applying for construction permits; progressing to the construction phase, and completing the factory for handover to the investor in an operational state in a turnkey manner.
  •  You don’t waste time searching, don’t incur additional consulting fees, and don’t have to spend money on investment estimates. We offer a complete package from receiving the client’s idea to completing the project, ensuring a smooth start of operations, reducing 2/3 of the time, effort, and money for you.
  • The best thing you can do is call us today! help you expand your Business to Vietnam

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