Tay Bac Dong Hoi Industrial Park - Quang Binh

Overview of Tay Bac Dong Hoi Industrial Park – Quang Binh:

The People’s Committee of Quang Binh Province established Tay Bac Dong Hoi Industrial Park with a total land area of 62.56 hectares, according to Decision No. 10/2005/QD-UBND dated March 4, 2005.

The state budget funded the infrastructure investment for technical and social facilities in the industrial park, with a total investment of 79.44 billion VND.

Geographical location and scope:

Tay Bac Dong Hoi Industrial Park is located in Bac Ly Ward, Dong Hoi City, Quang Binh Province.

• It borders rice fields to the north.
• It borders Phan Dinh Phung Street and residential areas to the south.
• It borders rice fields to the east.
• It borders Phan Dinh Phung Street to the west.

With its strategic location, Tay Bac Dong Hoi Industrial Park has advantages for economic development and trade, contributing to the province’s economy, creating employment opportunities, and promoting socio-economic stability.

Infrastructure of Tay Bac Dong Hoi Industrial Park – Quang Binh:

Internal transportation:

National Highway 1A and the bypass road pass through the industrial park, contributing to the comprehensive development of the internal transportation system within the industrial park.

Electricity system:

There is a 22kV power line from the 110kV substation to outside the industrial park’s fence.

Public lighting system:

The street lighting network is designed separately from the residential electricity supply system, and arranged along the transportation axes.

Water system:

The water supply for domestic and industrial use in the industrial park ensures sufficient capacity to meet the needs of investors.

Stormwater and wastewater drainage system:

There is a separate system for stormwater drainage, distinct from the wastewater system. All rainwater will be discharged into the industrial park’s drainage channels.

Waste management:

Solid waste within the industrial park will be collected and transported to a transfer station. The waste will be sorted at the source before being transported to the processing area.

Wastewater treatment:

Wastewater will be collected and treated at a centralized wastewater treatment plant, meeting Grade A standards (TCVN5945-1995).

Communication and information system:

The industrial park has a communication information center that connects the communication network. Sufficient capacity without limitations has been provided through the installation of telephone lines up to the land boundaries.

Investment-attractive sectors:

• Agriculture, forestry, and fishery processing industry.
• Mechanical assembly, agricultural machinery
• Handicrafts
• Electrical, electronics, refrigeration
• Production of construction materials and precast concrete components
• Textile, garment, leather footwear, plastic products; manufacturing consumer goods
• Service activities

Investment incentives policies:

Tax incentives:

– Corporate income tax:

• A preferential tax rate of 17% for 10 years, starting from the first year the enterprise generates revenue from the new investment project.
• Tax exemption for 2 years and 50% tax reduction for the following 4 years, starting from the first year of taxable income. If there is no taxable income in the first three years, the tax exemption and reduction period will be counted from the fourth year onwards.

– Import tax:

• Exemption from import tax for imported goods used to create fixed assets; raw materials, supplies, and components for investment projects.

Land rental incentives:

• Exemption from land rental fees and water surface rental fees during the basic construction period according to the authorized project approval, but not exceeding 3 years from the date of the land and water surface rental decision.
• Exemption from land rental fees and water surface rental fees after the period of fee exemption for the basic construction period is as follows: Land rental fee exemption for 7 years for investment projects in industrial parks.

Labor resources and costs in Tay Bac Dong Hoi Industrial Park:

Labor resources:

– Local data as of 2020:

• The total population of Quang Binh province: is 901,984 people. Population density: 113 people/km².
• Gender ratio: Male: 50.21%; Female: 49.79%.
• The labor force accounts for 56% of the provincial population, with 505,258 people.
• The trained labor force accounts for 89%.

– In the region:

• Industrial parks in Quang Binh also attract labor from neighboring provinces such as Ha Tinh, Quang Tri, etc.

Labor costs:

Tay Bac Dong Hoi Industrial Park is located in Dong Hoi City, Quang Binh Province, belonging to Region II. Therefore, the current minimum wage in Region II is 3,920,000 VND/month.