RANG DONG TEXTILE INDUSTRIAL PARK

Completed in 1st Quarter 2017| Area: 2,000 ha
RANG DONG Town, NGHIA HUNG Dist., NAM DINH Province, VIET NAM

Rang Dong is  textile industrial park as closed loop model and not only as a pure industrial park of manufacturing, Rang Dong is also designed for integrated urban services with accommodation for workers, experts, scientist in the textile and dyeing field. Establishing and constructing the Rang Dong Textile Industrial Park is a comprehensive right step and take a shortcut of international trade opportunities, open up new development trend to Nam Dinh province in the future when Vietnam has signed and participated in FTA with many countries, TPP and Asean Economic Community (AEC).

LOCATION

Inland transportation:

Located in the southeast part of Nam Dinh, in the Gulf of Tonkin, 50 km to the south from Nam Dinh city, 140 km from Hanoi, and national road 21 which will be upgraded to national highway.

- To Huu Nghi, Lang Son Border Gate:  300 Km;

- To Hai Thinh river port:                          10 Km;

- To Hai Phong Container Port:               150 Km;

- To Cai Lan deep water sea port:            200 Km.

To Airport:

- To Noi Bai, Ha Noi Airport:    150 Km;

- To Cat Bi, Hai Phong Airport: 145 Km.

INDUSTRIAL PARK SCALE

Total project area is over 2,000 ha.

1st phase of the Industrial Park is 520 ha; 2nd phase is 850 ha.

Auxiliary area is 675 ha

ADVANTAGES

Advantages of Rang Dong Textile Industrial Park (IP) in the Vietnam Textile and Garment Context.

– Located in Nam Dinh province, having a long tradition of textile and garment production, large population and abundant labor forces, with relatively low cost.

– Being specially designed for textile and garment industry, with large scale, complete and synchronous infrastructure, green, clean and beautiful environment.

– Large ecological area (850 ha) with beautiful scenery, a series of hotels, commercial centers, training centers, villas, resorts, golf course, tennis courses for overseas investors, managerial and technical experts, dormitories for workers, available workshops for required investors.

– Located between the two river mouths (Day and Ninh Co river), right at the sea sides, with abundant water sources, large scale, modern and standardized waste water discharge capacity can entirely meet the strict requirement of the dyeing, printing and finishing investors.

– Located in a strategic position, convenience for transportation, adjacent to the high way system connecting Ha Noi and Ninh Co Economic Zone, as well as the coastal high way from Quang Ninh-Hai Phong to Thanh Hoa province, with sea port facilitating cargo transportation at lower expenses.

– Professional, whole hearted and effective management system.

– Free and quick responsive in investment procedures.

Investment formalities required: Customers services department of Rang Dong Textile IP undertakes to provide support to investors in studying related legal regulations, in preparing necessary papers to apply for investment registration certificates and others, such as export-import certificates, tax registration certificates, working permits in accordance with the laws and regulation.

Apart from the above mentioned supports, Rang Dong Textile IP can also offer the following services (at option, fee is required):

– Logistic: making formalities for import of machineries, material as well as transportation of containers from port to factories and vice versa.

– Services of providing and training of human resources: to offer a complete and flexible services at customers’  request, including labor recruitment, basic training on safety, quality, industrial working styles, human resources and labor relation management.

– Services in providing meals to factories.

– Services in collecting and treatment of wastes, including life garbage, industrial wastes and cleaning in factories.

TECHNICAL INFRASTRUCTURE

- Internal roads- emphasizing at uniqueness of design, eco-landscape, creating a relaxed and enjoyable space

- Power source is taken from Rang Dong 110 KV substation. Supply voltage to the Industrial park is 22 KV 

- Water supply: Total capacity of 170,000 /day with water source from Đáy và Ninh cơ rivers surrounding the IP;

- Water supply factory will be built in modules, the first module will be built in 2016 with capacity of 50,000m3/day;

- Waste water treatment will be built in modules; the first module will be built with capacity of 15,000 m³/day;

* Receiving wastewater modes:

  • To receive effluent from factories after in-factory initial treatment to reach B standard;
  • In some cases, to receive effluent directly from the textile factories without any initial treatment

Services

– Post and communication stations to offer EMS, telephone, ADSL, leased lines services.

– Services in providing professional guard and security in the IP.

– Setting up our own fire extinguish units for providing spot and and timely fire extinguish services.

– Construction and providing offices, villas, houses for foreign management and experts, as well as dormitories for workers in the IP.

TAX INCENTIVES

1. Most preferential CIT incentive policy

 

CIT rate

Duration for CIT incentive

 

CIT rate

Duration

Exemption

50% reduction

Incentive rate

10%

15 years/

4 years

Next 9 years

Applied time

From the 1st year in which the Enterprise has sales

From the 1st year in which the Enterprise has taxable income.
If after the 3rd year, there is still no taxable income, incentive will be applied from the 4th year since the Enterprise has sales.

Eligible criteria:

  • Project with total investment of at least 6,000 billion VND, fully disbursed in no more than 3 years since the Investment Certificate date and employing more than 3,000 people; or

  • Project with total investment of at least 6,000 billion VND, fully disbursed in no more than 3 years since the Investment Certificate date and generates annual sales of more than 10,000 billion VND/year no later than 3 years since the year in which the Enterprise has sales.

  • Project to produce goods of supporting industries for textile and garments, footwear, electronics, high technologies… Details stipulated in Decree No. 111/2015/ND-CP and Circular No. 55/2015/TT-BCT.

(By regulation, with the Decree 111 and Circular 55, most investment project producing yarns and fabrics can enjoy the 4-year tax exemption and 9 years 50% tax reduction)

2. Standard CIT incentive policy (applicable to all investors in Rang Dong IP, who do not satisfy criteria in point 1 above):

 

CIT rate

 

Duration for tax exemption and reduction

 

 

CIT rate

 

Duration

 

Exempt

 

50% reduction

 

Incentive rate

 

17%

 

10 years

 

2 years

 

Next 4 years

 

Applied time

 

From the 1st year in which the Enterprise has sales

From the 1st year in which the Enterprise has taxable income.
If after the 3rd year, there is still no taxable income, incentive will be applied from the 4th year since the Enterprise has sales.

 

Preferential import tariffs for goods imported under the provisions of the Law on export tax, import duties under Article 25 of Decree 108/2006/ND-CP and Article 12 paragraph 6 of the Decree 87/2010/ ND-CP shall be exempted from import tax for:

- The machineries that meet the required conditions;

- Specialised means of technological lines which can not be produced domestically; vehicles carrying workers including 24 seats passenger cars or more;

- Components and detailed detachable parts, accessories, fastening, molds, accessories for assembly together with equipment, machinery and means of transport;

- Raw materials and supplies which can not be produced domestically according to the list published by the Ministry of Planning and Investment regulations.