1. Fields of Investment: Phu My 2 is the multi-industry industrial zone, in which the province’s policy of investment attraction is industries using modern technology, saving resources, land, power, water and environmental friendliness. Specifically, some industries are as follows:

- Producing construction materials;

- Producing and processing equipment and steel;

- Processing mechanic, manufacturing machinery and equipment;

- Electric and electronic industry;

- The industry needs port use;

- Other industries that are not prohibited by law.

2. Temporarily unattractive and limitative fields of investment:

a. Temporarily unattractive fields:

- Processing cassava starch (cassava)

- Processing rubber latex;

- Production of basic chemicals generating industrial wastewater;

- Dying

- Leather.

b. Limitative fields:

- Plating industry;

- Processing aquatic products;

- Production of plant protection chemical (with industrial wastewater);

- Production of Fertilizer (with industrial wastewater);

- Producing paper pulp.

1. Corporation income tax (CIT): 20%

2. Incentives on tax:

- The incentive tax rate will be 17% for first 10 consecutive years since the first year project making taxable income. After the time of applying this incentive tax rate is expired, enterprises will switch to apply the tax rate of 20% for subsequent years.

3. Enterprises will be exempted for 02 years and reduced by 50% for 4 subsequent years from the availability of taxable incomes.

+ Time for tax exemption and reduction is continuously calculated from the first year that the enterprise has taxable income from the project;

+ In case, the enterprise is unavailable of taxable incomes for the first three years (from the first year making taxable income), the tax reduction and exemption period is calculated from the fourth year.

The above CIT rate is based on the Decree no. 218/2013/ND-CP dated Dec. 26, 2013; Decree no. 118/2015/ND-CP dated Nov. 12, 2015.

4. Import tax: Enterprise is exempted import tax for imported goods in accordance with Article 16 of the Law on Export Tax and Import Tax No. 45/2005/QH11 dated 14 June 2005 and Article 12 of Decree No. 87/2010/ND-CP dated 13 August 2010 of the Government detailing the implementation of a number of article of the Import and Export Tax Law.

The land leasing price and fees at Phu My 2 industrial zone:

1. The Infrastructure Using Fee (not including VAT): Please contact with Business Dept. 

2. Management fee (not including VAT): Please contact with Business Dept. 

3. Land leasing price to be paid to Government: Please contact with Business Dept. 

4. Water price (not including VAT): Please contact with Business Dept. 

5. Wastewater treatment fee (not including VAT): Please contact with Business Dept. 

CONTACT WITH BUSINESS DEPARTMENT:

+84 28 39312660                  dautu@idico.com.vn                 Land Leasing Register Form

Steps of investment into Phu My 2 industrial park:

1. Investors study conditions and the actual subleasing of industrial zones with IDICO.

2. Investors agree conditions for signing Land Subleasing Memorandum (MOU) with IDICO:

- Validity of MOU is 04 months;

- Making the deposit payment equivalent to 5% amount of infrastructure using fee, this deposit shall be deducted from the payments of Land Subleasing Contract;

- Within 04 months, the investors must implementing the procedure of the Investment Registration Certificate and Establishing a new Enterprise of  project to sign the Land Subleasing Contract with IDICO;

3. The procedures which investors shall implement:

3.1. Implementing the procedure of applying for principle approval on Investment project with the Authority (It would take from 15 to 30 days);

3.2. If the investment project is approved, the investors continue to carry out the procedure for the Investment Registration Certificate (IRC) (I would take 15 days).

3.3. At the same time, the procedure for preparing and applying for the approval of the Environmental Impact Assessment (EIA) are submitted at the EIA authority (It would take 60 - 90 days)

3.4. After getting the Investment Registration Certificate, Investor apply for the Enterprise Registration Certificate (ERC) for project.

3.5. Within 30 days, from the date issuance of the IRC and ERC, the Land Subleasing Contract will be signed by the 2 parties;

3.6. Applying for a construction permit:

- After the investors sign the Land Subleasing Contract; At the same time, the Project was approved the EIA; The design has been approved for fire prevention and fighting, the investors carry out the procedures for applying for a construction permit with the Authority.

- After being granted the construction permit, investors will carry out the construction of the Project.

CONTACT WITH BUSINESS DEPARTMENT:

+84 28 39312660                  dautu@idico.com.vn                 Land Leasing Register Form

LIST OF COMPANIES IN PHU MY 2 IP