LATEST INFORMATION ABOUT VSIP QUANG NGAI INDUSTRIAL PARK IN 2024

May 08, 2024

INFORMATION ABOUT VSIP QUANG NGAI INDUSTRIAL PARK

On September 13, 2013, the VSIP Quang Ngai Industrial - Urban - Service Park Project was officially started with the witness of Prime Minister Nguyen Tan Dung and Prime Minister Lee Hsien Loong of Singapore at that time. VSIP Quang Ngai is the first project VSIP invests in the Central region and VSIP's 5th in Vietnam. After 10 years of operation, VSIP Quang Ngai has maintained its role as a model project model in both planning and calling for investment, making an important contribution to Quang Ngai's economic development. VSIP Quang Ngai marks the first step of Quang Ngai province in attracting businesses to invest in industrial park infrastructure to welcome secondary investors.

After 10 years of investing in infrastructure development according to the standards of a professional, green and environmentally friendly industrial park, VSIP Quang Ngai is a bright spot in attracting foreign investment capital to Quang Ngai province. To date, the project has developed about 508 hectares with infrastructure and public works built synchronously. A wastewater treatment plant with a total capacity of 12,000m3/day, fire station and 24/7 general security and many other amenities have been built right in the industrial park to serve production and development needs of investors.

36 corporations and businesses with world-class brands from the US, Philippines, Hong Kong (China), Japan, Korea, Belgium, China, with investment capital of more than 1 billion USD have set up factories manufacturing, trading, and supplying products globally. 29,000 workers, mainly in Quang Ngai province, work in a professional environment, with modern machinery and have a stable source of income.

VSIP QUANG NGAI 2 INDUSTRIAL PARK

Decision 1664/QD-TTg approving the investment policy of the project of investment in construction and infrastructure business of VSIP II Quang Ngai Industrial Park (phase 1), belonging to Dung Quat Economic Zone, Quang Ngai province, with a total capital of 3,737 billion VND...

Accordingly, approved the investment policy of the project of investment in construction and infrastructure business of VSIP II Quang Ngai Industrial Park (phase 1), belonging to Dung Quat Economic Zone, and at the same time approved the investor as VSIP Quang Ngai Company Limited. Project implementation location is at Binh Thanh commune and Binh Hiep commune, Binh Son district, Quang Ngai province.

The project has a land use scale of 497.7 hectares with a total investment capital of 3,737 billion VND, of which the investor's capital contribution is about 560.55 billion VND. The project's operating term is 50 years from the date the project's investment policy is approved and the investor is approved.

LOCATION OF VSIP QUANG NGAI INDUSTRIAL PARK

Located in Dung Quat Economic Zone

• 08km from Quang Ngai City

• By flight: HCMC–CHULAI: 1h20, HN–CHULAI: 1h25, HCMC–DA NANG: 1h30,

HN – DA NANG: 1:20 a.m.

• By road: Chu Lai Airport 30km, Dung Quat Port 22km, Da Nang City 130km.

• Da Nang - Quang Ngai Expressway: Travel time from Da Nang to Quang Ngai is 1h20.

INFRASTRUCTURE OF VSIP QUANG NGAI INDUSTRIAL PARK

VSIP Quang Ngai Industrial Park has quite complete, synchronous and high quality infrastructure:

• Power source: National grid power source

• Water supply: WHO quality standards with maximum capacity of 30,000m3

• Wastewater treatment plant: 24,000m3/day.

• Telecommunications: equipped with IDD, leased lines and fiber optic cables (1,200 lines). Broadband ADSL service is available on the website.

INDUSTRIES THAT ATTRACT INVESTMENT

- Energy industry, petrochemical refining, chemicals, mechanical engineering, metallurgy, materials.

- High-tech industry, information technology - telecommunications, electronics industry, pharmaceutical chemistry industry, biological product production, environmental industry, clean energy industry, renewable energy, smart energy, processing industry, manufacturing for agriculture, new materials.

- Textile, garment and footwear industry.

- Supporting industries: supporting industries related to petrochemicals, metallurgy, mechanics, electricity - electronics, agricultural, forestry, fishery processing, textiles, footwear...

• Priority industries: Supporting industries, Food processing, Construction & Special materials,

Fast-moving consumer goods (FMCG), Electronics, Furniture

SUPPORT POLICY OF INDUSTRIAL PARKS

The industrial park has a team to support investors when investing in Quang Ngai:

  • Apply for an investment certificate
  • Provide investors with guidance on starting a business and
  • Support investors to solve daily problems during operations

LABOR MANPOWER

Thousands of Technicians and University Graduates are well-trained and graduated from vocational schools, colleges and universities in the area, including:

• Dung Quat Vocational College of Engineering & Technology, Quang Ngai Industrial Engineering College, Quang Ngai Mechanical Vocational College, Quang Ngai Vietnamese-Korean Vocational College, Ho Chi Minh City College of Industry and Trade (branch) Quang Ngai branch).

• Ho Chi Minh City University of Industry (Quang Ngai Branch), University of Finance and Accounting, Pham Van Dong University.

TAX INCENTIVES

Enjoy preferential corporate income tax rate of 10% for 15 years, from the time the project begins business operations; including exemption for the first 04 years from the date of taxable income and a 50% reduction in tax payable for the next 09 years.

LAND RENTS

VSIP Quang Ngai Industrial Park has a term of 2082, the current land rental price is about $70-80/m2 for the entire lease term.

FACTORY FOR RENT AND FACTORY FOR TRANSFER

Factory and warehouse for rent: VSIP Quang Ngai Industrial Park has factories and warehouses for rent with a total area of ‚Äč‚Äčabout 17,000 m2, minimum rental area is 3500 m2 with 200 m2 office space per factory. Negotiated rental price from 4-4.5$/m2.

Currently, we do not have information about the transferred factory at VSIP Quang Ngai

 

Investors interested in VSIP Quang Ngai Industrial Park to open a factory please contact (+84) 90806.9399