Dung Quat Economic Zone

Sep 13, 2021

DUNG QUAT ECONOMIC ZONE

Investor: Dung Quat Economic Zone Authority

Location: Binh Son district, Quang Ngai province

Area:  45,332 ha,

including: the existing economic zone area is 10,300 ha, the expanded area is about 24,280 ha and about 10,752 ha sea surface area.

1

Dung Quat is located in Binh Son district, Quang Ngai province; The Northwest borders Chu Lai airport, the West borders National Highway 1A, the East and Northeast borders the East Sea. The Southwest borders Quang Ngai City.

- Distance from Hanoi: 880 km
- From Ho Chi Minh City: 870 km
- From Quy Nhon City: 185 km
- From Da Nang City: 100 km
- From Quang Ngai City: 25-40 km
- From Chu Lai airport: 13 km
- Distance from inland waterway: 30 km
- Distance from international waterway: 190 km

The planning study area has a total area of ​​about 45,332 ha, including: the existing economic zone area is 10,300 ha, the expanded area is about 24,280 ha and about 10,752 ha sea surface area.

Including: the entire area of ​​the communes of Binh Dong, Binh Thanh, Binh Chanh, Binh Thuan, Binh Tri, Binh Hai, Binh Phuoc, Binh Hoa, Binh Phu, Binh Duong, Binh Thanh Dong, Binh Thanh Tay, Binh Tan, Binh Chau, Binh Thoi and a part of Binh Nguyen, Binh Long, Binh Hiep, Binh Trung communes of Binh Son district; Chau O town; the entire area of ​​Tinh Phong, Tinh Hoa, Tinh Ky communes and a part of Tinh Tho commune of Son Tinh district; the entire area of ​​Ly Son island district; adjacent sea surface area (area of ​​about 10,752 ha).

The planning boundaries are limited as follows:
- The East borders the East Sea.
- The West borders the North - South railway.
- The South borders on the border of Quang Ngai city expansion planning.
- The North borders Quang Nam province.

 

2

• Some investment incentives

Corporate income tax: 10% preferential tax rate for a period of 15 years. Tax exemption for 4 years, 50% reduction of payable tax for the next 9 years. For large-scale and important projects permitted by the Prime Minister to apply the preferential tax rate of 10% for a period of 30 years;

Tax exemption for goods imported to create fixed assets of the project;

Exemption from import tax for a period of 5 (five) years from the date of commencement of production for raw materials, supplies and semi-finished products which cannot be domestically produced and imported to serve the project's production;

50% reduction of personal income tax payable for individuals earning income in Dung Quat Economic Zone;

Land rent:
     Completely exempt: For projects in the fields of special incentives;

     Exemption from 11 to 15 years: For projects in preferential fields;

In addition, Quang Ngai province issued policies to support compensation costs, labor training... to encourage investment in the province, including Dung Quat economic zone.

 

3

Industries and sectors that encourage investment

Petrochemical-chemical refining industry; energy (electricity, gas)...;

Metallurgical industry, ship building and repair, mechanical engineering, supporting industry;

Food industry, consumer goods, packaging, textiles, footwear, construction materials...;

Manufacturing components and assembling automobiles, electrical and electronic equipment...;

Processing agricultural and forestry products for export, high-tech agriculture...;

Investment in seaport business, logistics...;

Investment in infrastructure business of industrial parks;

Investment in urban development, housing and schools;

Investment in tourism and services (hotels, restaurants, golf courses, resorts, amusement parks...)

 

4

Authority for management and investment procedures

Dung Quat EZ Management Board has the authority to handle investment and business procedures in Dung Quat EZ according to the "one-stop shop" mechanism as follows:

Issuing Investment Certificates for all investment projects;

Issuing construction permits and some other certificates;

Land allocation or land lease to organizations and individuals;

Issuance of license to establish commercial representative office;

Labor management, export and import activities; Issuance of certificates of origin of goods.

 

5

Service and utility prices at Saigon-Dung Quat Industrial Zone in Dung Quat Economic Zone

Lease period: 49 years/01 Project.

Technical infrastructure rental price: 2.5 billion VND/ha/49 years.

Electricity price: About 2,000 VND/Kwh

Clean water price: 5,000 VND/m3.

Waste water treatment price (minimum charge): 2,100 VND/m3.

Maintenance price: 4,000 VND/m2/year

 

6

For more information, please contact

National One Stop Services and Investments Organization

Office: Parkview, 5A Huu Nghi Ave, VSIP 1, Binh Hoa Ward, Thuan An City, Binh Duong.

Please contact:

  1. Ms Hien Do – 0908 069 399 – hien.dt@nso.com.vn
  2. Mr Cuong Phan – 0913 855 528 – cuong.pd@nso.com.vn
  3. Ms. Truc Tran – 0396 296 580 – truc.tn@nso.com.vn

 

 

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