Overview of Loc Son Industrial Park :
The establishment of the Loc Son Industrial Park was based on Decision No. 1733/CP-CN issued by the Government on December 18, 2003, with a planned total area of 185 hectares and a total investment capital of approximately 460 billion Vietnamese dong.
- The Loc Son Industrial Park is located in Loc Son Ward, Bao Loc Town, Lam Dong Province.
- It is 3 kilometers southeast of the town and adjacent to major transportation hubs.
- To the north, there is National Highway 20 connecting Ho Chi Minh City with Da Lat, and to the west, there is National Highway 55 connecting to Binh Thuan Province.
With its convenient geographical location connecting various provinces and major cities, along with the province’s favorable policies, the Loc Son Industrial Park is increasingly attracting many investors, contributing to the economic development and job creation for the local workforce.
Infrastructure of Loc Son Industrial Park:
Internal transportation system:
The well-designed internal transportation system ensures smooth traffic flow throughout the industrial park. The system is designed as follows:
- Main roads within the industrial park are 32 meters wide with 4 lanes.
- Branch roads within the industrial park are 23 meters wide with 2 lanes
- The industrial park designs and constructs all internal roads in compliance with national regulations, utilizing asphalt concrete.
- They are also equipped with a complete high-pressure lighting system for aesthetic purposes.
Power supply system:
- A transformer station with a capacity of 110/35/22KV supplies the industrial park’s power.
- The high-voltage power grid is provided along the internal transportation network within the industrial park.
Water supply system:
- A clean water plant supplies clean water with a capacity of 30,000 cubic meters per day.
- A standardized international water supply pipe system delivers the water to the perimeter of the plant.
Water and waste treatment system:
- The industrial park’s wastewater treatment plant collects and treats wastewater to meet Class A water standards (according to QCVN 40:2011/BTNMT) before discharging it into the common system of the industrial park.
- The wastewater treatment plant has a designed processing capacity of 2,900 cubic meters per day and night.
- Contracted factories are responsible for collecting and transporting waste out of the industrial park to prevent environmental pollution.
- Factory exhaust gases undergo filtration according to national standards prior to their release into the natural environment.
- The industrial park is equipped with an underground communication cable system, which is provided up to the plant’s perimeter through a standard international cable system.
- Ensuring various communication needs, the industrial park’s communication information center connects to the postal and telecommunications networks. These include private switchboards, international telephone services, remote conferences, dedicated channels, high-speed internet, email, and more.
- The industrial park is equipped with a fire warning, prevention, and firefighting system in compliance with national regulations.
- The industrial park installs fire hydrants at internal traffic intersections and at each factory to ensure effective protection throughout the park against fire and explosion incidents.
Loc Son Industrial Park – Lam Dong – TTTFIC Group
Investment attraction of Loc Son Industrial Park:
The Loc Son Industrial Park orients itself as an environmentally friendly multi-sector industrial park that utilizes advanced and modern technologies in accordance with international standards.
Industries such as are anticipated to be attracted to the area:
- Mechanical assembly, production of electronic components and parts.
- Consumer goods manufacturing, handicrafts.
- Textile and garment industry.
- Food processing and agricultural products, and various other industries.
Currently, the industrial park has attracted 32 registered investment projects with a total investment capital of 1,492.92 billion Vietnamese dong and 10.7 million USD. It has a leased land area of 78.9 hectares and employs 3,154 workers. Specifically:
- The total number of registered investment projects is 26, with investment certificates granted to 22 projects with a total capital of 561.87 billion dong + 10.7 million USD. The leased land area is 48.92 hectares, employing 2,674 workers.
- There are 9 operational enterprises, 4 projects are actively implementing construction of workshops, and 6 projects are in the process of investment procedures for basic construction.
- The park also calls for investors to invest in infrastructure and factory construction.
Investment incentives of Loc Son Industrial Park:
Incentives for land use fees and land rent:
Exemption with a time limit for land rent from the completion of construction and project operation:
- 3 years from the completion of construction and project operation for production and business establishments that are relocated according to the plan or relocated due to environmental pollution.
- 11 years from the completion of construction and project operation.
Corporate income tax incentives:
Incentives on tax rates:
- 20% preferential tax rate applies for 10 years to newly established enterprises from investment projects.
- The enterprise counts the application period of preferential tax rates continuously from the first year it generates taxable revenue from the investment project.
- After the expiration of the preferential tax rate, the enterprise will switch to the 25% tax rate.
Tax exemption and reduction period:
- 2-year tax exemption and 50% tax reduction for the following 4 years for newly established enterprises from investment projects.
- The enterprise counts the tax exemption and reduction period continuously from the first year it generates taxable income from the investment project.
- In the case where the enterprise does not have taxable income in the first three years, the tax exemption and reduction period will start from the fourth year.
The corporate income tax incentives apply only to enterprises that comply with accounting, invoice, and document regulations, and register and pay corporate income tax according to declarations.
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
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