Overview of Tinh Phong Industrial Park:
The Tinh Phong Industrial Zone was established and approved by the Prime Minister’s Decision No. 577/TTg on July 24, 1997. The Minister of Construction approved the detailed planning in Decision No. 492 BXD/KTQH on October 24, 1997. The Ministry of Construction authorized the People’s Committee of Quang Ngai province to approve the adjusted supplementary detailed planning in Decision No. 2216/QD-UBND on August 10, 2005, with a total area of 141.72 hectares. During the implementation process, the Management Board of Quang Ngai Industrial Zones made partial adjustments to the industrial land and transportation area according to Official Letter No. 728/SXD-KTQH&DT on August 23, 2011, issued by the Department of Construction of Quang Ngai.
The Tinh Phong Industrial Zone is located in Tinh Phong commune, Son Tinh district, Quang Ngai province.
The Management Board of Quang Ngai Industrial Zones is the investor of this industrial zone, which benefits from its favorable location along National Highway 1A, near Dung Quat Economic Zone and VSIP Quang Ngai Industrial Zone. With its convenient location approximately 25km from Chu Lai Airport, it offers easy access to transportation and various utility services, thus generating numerous investment opportunities.
Master plan map of Tinh Phong Industrial Park – Quang Ngai Province – TTTFIC Group
The infrastructure of Tinh Phong Industrial Park:
- Main road system: 17.5 meters wide.
- The internal road system within the industrial zone has been completed, ensuring access to every factory and plot of land.
National electricity system (110KV, 220KV…); 110/35/22KV-40MVA substation.
Water Supply System:
Provided by the Quang Ngai Water Plant with a capacity of 20,000m3 per day.
Fire Protection System:
Each enterprise is equipped with its fire protection system.
The management has invested in and made the Internet available throughout the factory premises.
Commercial and Service Zone:
Provides support services such as residential areas for experts, banks, logistics services, canteens for workers, healthcare services, and recreational areas.
A perspective on Tinh Phong Industrial Park – Quang Ngai Province – TTTFIC Group
Investment attraction policy:
The industries that can invest in the Industrial Zone include:
- Electronics and mechanical assembly industry.
- Agro-forestry processing industry.
- Textile, garment, and leather industry.
- High-end construction materials and interior decoration industry.
- Wood export industry.
- Other industries (plastics, cosmetics, packaging, etc.).
Investment incentives in the industrial zone include:
- Corporate income tax incentives: 10% tax rate for 15 years; exemption from corporate income tax for 4 years and a 50% reduction in the payable tax for the following 9 years.
- Import tax incentives: Exemption from import tax for imported goods used as fixed assets for investment projects; exemption from import tax for 5 years from the start of production for raw materials and finished goods that Vietnam has not been able to produce.
- Value-added tax (VAT) incentives.
- Other incentives as stated in Decision No. 36/2016/QD-UBND dated July 29, 2016, by the People’s Committee of Quang Ngai province.
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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