Son Nam Industrial Park - Tuyen Quang

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Information
Operating time: 2009 - 2059
Total Area: 150 ha
Infrastructure investors: Tuyen Quang Industrial Park Infrastructure Development Company
Price: 50 USD/m2
Building density: 60%
Occupancy: 23.6%
Address: Son Nam commune, Son Duong district, Tuyen Quang province

I. Overview of Son Nam Industrial Park – Tuyen Quang:

On August 24, 2015, the Chairman of the Provincial People’s Committee issued Decision No. 1026/QD-UBND, approving the master plan for the detailed construction of Son Nam Industrial Park in Tuyen Quang province.

On July 15, 2016, the Provincial People’s Committee issued Decision No. 230/QD-UBND, approving the detailed construction plan of Son Nam IP in Tuyen Quang province, with a total planned area of 150 hectares.

Son Nam Industrial Park currently has 8 investment projects with a total registered capital of over 450 billion VND. There are 2 operational projects, 3 projects under construction for infrastructure, 1 project on hold, and 2 projects undergoing investment procedure completion. These projects create job opportunities for approximately 100 workers.

II. Geographical location:

Son Nam Industrial Park is located in Son Nam commune, Son Duong district, Tuyen Quang Province, Vietnam.

Distances to key locations:

  • 100 km from the center of Hanoi
  • Noi Bai International Airport is located at a distance of 60 kilometers.
  • 220 km from Hai Phong port.
  • Situated on the National Highway 2C.

The industrial park enjoys a favorable geographical position as a gateway for trade and commerce in Tuyen Quang province, bordering Vinh Phuc province.

An overview perspective of Son Nam Industrial Park - Tuyen Quang - TTTFIC Group

An overview perspective of Son Nam Industrial Park – Tuyen Quang – TTTFIC Group

III. Infrastructure of Son Nam Industrial Park – Tuyen Quang:

Internal transportation:

  • The road system includes 2 internal lanes and 2 main roads with 4 lanes, facilitating the access of large vehicles.

Electricity system:

  • The stable electricity system ensures sufficient power supply with capacities of 110 KV/35 KV – 20 MVA.

Public lighting system:

  • A separate lighting network is designed along the traffic routes to provide lighting for both transportation and residential purposes.

Water system:

  • The water supply system meets the demands of both daily life and production activities, with a large capacity provided by the industrial park’s water supply plant of 4,300 m3 per day and night.

Wastewater and rainwater drainage system:

  • The rainwater drainage system flows naturally along the roads into the surrounding channels within the industrial park area.
  • The wastewater drainage system is arranged along the roads and directed to the industrial park’s treatment station.

Waste management:

  • Investors will sign service contracts with professional waste management units.

Wastewater treatment:

  • Wastewater from factories and domestic sources will be treated through a centralized waste treatment station with a capacity of 2,000 m3 per day and night before being discharged into the environment.

Communication system:

  • A modern and advanced telecommunications network is installed, meeting international standards, and facilitating both domestic and international communication.
The transportation of Son Nam Industrial Park - Tuyen Quang - TTTFIC Group

The transportation of Son Nam IP – Tuyen Quang – TTTFIC Group

IV. Investment-attracting sectors in Son Nam Industrial Park – Tuyen Quang:

Son Nam Industrial Park primarily operates in the following sectors:

  • Agro-forestry processing industry.
  • Construction material production industry.
  • Electrical and electronic assembly industry.
  • Consumer goods, textile, and footwear production industry.
  • Livestock feed production and handicraft industry.

V. Costs:

  • Management fee: 0.4 USD/m2
  • Electricity rates: Peak hours: 0.1 USD, Off-peak hours: 0.05 USD, Low-demand hours: 0.03 USD
  • Clean water price: 0.4 USD/m3
  • Wastewater treatment fee: 0.28 USD/m3
  • Input treatment standard: Level B. Output treatment standard: Level A (QCVN 40:2011/BTNMT).

VI. Investment incentives in Son Nam Industrial Park – Tuyen Quang:

Tax incentives:

  • Import tax exemption for machinery and equipment used for fixed asset creation in enterprises (including project expansion).
  • Import tax exemption for components, spare parts, and raw materials used in production lines.

Corporate income tax:

  • Tax rate:
  • 10% preferential tax rate for 15 years for projects in the prioritized investment sectors.
  • 17% preferential tax rate for 10 years for remaining investment projects.

Tax exemption:

  • Tax exemption for the first 4 years from taxable income, 50% tax reduction for the following 9 years for projects in the prioritized investment sectors.
  • Tax exemption for the first 2 years from taxable income, 50% tax reduction for the following 4 years for remaining investment projects.

Land incentives:

  • Rent exemption during the basic construction period, up to a maximum of 3 years.
  • Rent exemption for 11 years from the project’s operational date for projects in the prioritized investment sectors.
  • Rent exemption for 7 years for remaining investment projects.

Labor training fund support:

  • 50% support for domestic training courses, up to 2 million VND/person/course.

Infrastructure construction support:

  • The province invests in infrastructure, including roads, and drainage systems, up to the industrial park’s boundaries.
  • The provincial People’s Committee balances the local budget to support the construction of internal roads and shared wastewater systems within the industrial park.

VII. Labor supply and costs in Son Nam Industrial Park – Tuyen Quang:

Labor supply:

  • According to the 2015 Statistical Yearbook, Tuyen Quang has a population of 760,289 people.
  • The workforce aged 15 and above in Tuyen Quang is 485,504 people, of which 20.4% are trained and employed in the economy as of July 1st each year.
  • Therefore, Tuyen Quang province can meet the labor demand of businesses.

Costs:

  • Son Nam Industrial Park is located in Son Nam Commune, Son Duong District, Tuyen Quang Province, within Region IV.
  • As a result, the current minimum wage in Region IV is 3,070,000 VND/month.
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…).
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  •  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.
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