What is the factory of the export processing zone?
For the purpose of industrial growth and development, industrial and export processing zones in Vietnam have been established in recent decades. This has promoted economic development and achieved many achievements.
The establishment of export processing zones will increase the attraction of human resources to the local area to operate.
In addition, the expansion of export processing zones contributes to attracting FDI enterprises to invest. Other expanding service industries, contributing to regional infrastructure investment.
So the export processing industrial park is also known as the export processing zone. The difference with other industrial zones is that they focus on processing, manufacturing and exporting products to foreign markets. Businesses focus on products for export, or support export production enterprises.
What are the incentives for production in export processing zones?
Receive preferential import and export tariffs, incentives in the cost of renting production premises.
In particular, taking advantage of the time and effort to build factories to save costs will often be the first choice.
The location and boundary of the export processing zone are pre-defined, infrastructure investment, the internal area is separate from the residential area.
Although the export processing zone is separate from the residential area, the concentration of the export processing zone will attract regional workers. Thereby solving the economy, unemployment for workers.
Incentives for businesses in export processing zones
Enterprises conducting production in export processing zones will receive the following incentives:
Enterprise income tax exemption for the first 2 years, 50% for the next 4 years (Since the decision to establish the project)
Land tax free: 7 years
- Preferential rental rates for production premises.
- Preferential import of raw materials for production.
- Priority when doing import and export customs procedures.
- The infrastructure in the zone only serves export processing enterprises.
The process of expanding export processing zones is an option to help increase the value of goods import and export. From expanding production, solving job problems for employees, developing markets.
Industries eligible for investment incentives in export processing industrial parks
- Scientific research - technology development.
- High technology application - investment and development in high-tech fields.
- Investment in infrastructure development: power plants, water supply and drainage systems, roads, airports, ....
- Software development, renewable energy
List of industrial zones in Dong Nai:
1. Loc An Binh Son IP
2. Dau Giay IP
3. Giang Dien IP
4. Long Khanh IP
5. Ong Keo IP
6. AGTEX Long Binh IP
7. Tan Phu IP
8. Bau Xeo IP
9. Thanh Phu IP
10. Xuan Loc IP
11. Nhon Trach II - Loc Khang IP
12. Nhon Trach II - Nhon Phu IP
13. Nhon Trach VI IP
14. Long Duc IP
15. An Phuoc IP
16. Long Thanh IP
17. Nhon Trach VO IP
18. Tam Phuoc IP
19. Nhon Trach Textile and Garment IP
20. Bien Hoa IP I
21. Song May IP
22. Nhon Trach IP I
23. Nhon Trach II IP
24. Nhon Trach III IP
25. Long Binh IP (Loteco)
26. Bien Hoa II IP
27. Amata IP
28. Go Dau IP
29. Ho Nai IP
30. Suoi Tre IP
31. Dinh Quan IP
32. Long Thanh IP