Investment in Vietnam
Vietnam Industrial Parks and Export Processing Zones
NOMURA - HAIPHONG INDUSTRIAL ZONE - HAI PHONG CITY
Located 102 km from Hanoi , Haiphong is an age old industrial city and port and serves as the main gate to the sea for many provinces in northern Vietnam . Haiphong has a strategically important position and belongs to the northern key economic zone. The Government has invested money to build, renovate and upgrade the infrastructure such as the national highway, railway, international port, airport, and water and power plants. These facilities are very convenient for developing the industry, trade and tourism.
Presently, Haiphong has projects for two industrial parks and one export processing zone: Nomura-Haiphong Industrial Zone, Dinh Vu Industrial Park and Haiphong '96 Export Processing Zone. These three projects have been approved by the Government and are managed by Haiphong Export Processing and Industrial Zone Authority (HEPIZA).
HAIPHONG EXPORT PROCESSING AND INDUSTRIAL ZONE AUTHORITY (DEPIZA)
Office: 24 Cu Chinh Lan St. , Haiphong City
Tel: (84.31) 841694 - Fax: (84.31 ) 842426
Email:
HEPIZA manages exporting processing and industrial zones in the city with the authorization of ministries and the Haiphong City People's Committee. Renovation of working style and management has made the investment environment convenient, mainly in the following works:
- Appraising and licensing investment projects free of charge within one to seven days.
- Issuing import-export licenses within one day.
- Providing a full labor source for investors free of charge.
- Meeting with investors regularly to solve problems during the process of production and trade.
- Helping investors enjoy incentives as stipulated by the Government and the city.
NOMURA- HAIPHONG INDUSTRIAL ZONE Investor: Nomura-Haiphong Industrial Zone Development Corporation (NHIZ)
Tel: (84.31) 743026- 743027 - Fax: (84.3 1) 7436 13
Email: nomuraiz@ hn.vnn.vn
This is a joint venture between Haiphong Industrial Zone Development Company (Vietnam) and JAFCO Investment (Asia Pacific) Ltd.
(Japan).
1. LOCATION
Nomura-Haiphong Industrial Zone is situated in An Hai District, Haiphong City . It has a very convenient position for the transport: 85 km from Hanoi by National Highway 5, 13km from the downtown of Haiphong City, 2km from the railway station, 15km from Haiphong Port and 20km from Cat Bi Airport.
From Haiphong Port, the biggest port in northern Vietnam, there are routes to Singapore, Hong Kong, Taiwan (Kaohsiung, Keelung), South Korea (Pusan) and China (Shekou).
The industrial park covers 153 hectares, including 123 hectares for factories and 30 hectares for public utilities.
2. INFRASTRUCTURE
Nomura-Haiphong Industrial Zone has modern infrastructure.
a) Transport
- Internal roads: the main and auxiliary asphalted roads with the widths of 30m and 20m can receive huge trucks .
- External roads: the northern beltway and the southern road of the city, built with international standards, lead to the port and airport in suburban Haiphong .
b) Utilities
- Power supply: a private 50M W power plant ensures the stable supply of high quality power to hi-tech businesses.
- Water supply: a source of water from the Vat Cach Water Plant with a capacity of 13,500 cu. meters per day.
- Waste water treatment: a plant with a capacity of 10,800 cu. meters per day treats waste water by the microbiological method.
- Ready-built standard premises: four four-floor houses with an area of 1,470 sq. meters per floor for the light industry; two one-floor houses with an area of 1,460 sq. meters per house for the heavy industry.
- Fire control: hoses are installed along both sides of the internal roads. The fire brigade of An Hat District is stationed nearby.
- On the spot services: a post office (1,000 phone numbers for the first stage and 1000 numbers for the second stage), customs, and a hank.
3. LAND RENT AND INFRASTRUCTURE FEE (VAT EXCLUDED)
a) Land rent:
USD 60/sq. meter 50 years (negotiable).
Those investors who lease land between 2002 to 2003 are given a 40-50% deduction.
b) Other fees
- Power: USD 11.09/kWh (22kV) and USD 0.12/kWh (380V) .
- Water: USD 0.28/m3 .
- Waste water treatment: USD 0.26/m3 (80% of the volume of water consumed) .
- Maintenance fee: USD 0.479/sq. meter/year .
- Service fee: USD 0.406/sq. meter/ year .
- Telephone and Internet fees are paid directly to the Haiphong Post Office (HPPO) and the Vietnam Datacommunicutions Center No. I (VDC I).
4. SUPPORT AND INCENTIVES
- Aside from incentives for import tax, VAT, and corporate income tax, hi-tech businesses in the Nomura-Haiphong Industrial Zone are exempted from the corporate income tax for eight years since the first year of profit.
- Foreign investors can use the natural land in the industrial park free of charge for 5-15 years and are offered 20-30% of the expense for training local workers.
- HEPIZA deals with administrative procedures and supplies labor quickly, conveniently and free of charge.
- NHIZ helps investors draft and develop projects quickly and simply for no fee, and reduces the land rent if the projects are licensed between 2002 and 2003.
5. INVESTMENT ATTRACTION
By March 2002, the NomuraHaiphong Industrial Zone leased 11.61% of the industrial land and all the ready-built standard premises to 15 foreign-owned businesses which registered to invest USD 89.78 million. These businesses engage in producing robots, electronic components, Lunicins Land paper, processing adornments. and so forth.
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