[Long An] IDICO Thu Thua Industrial Park

Overview of Thu Thua Industrial Park project

IDICO Thu Thua Industrial Park implemented construction in mid-2019, with a scale of 188 hectares right in the center of Thu Thua district. The industrial park focuses on multi-industry, focusing on attracting FDI investment capital.

Immediately after starting construction, the industrial park project quickly received the attention of a large number of domestic and foreign businesses/investors. Along with the advantages of the industrial zone, IDICO Thu Thua Industrial Park is also facing many great opportunities from the wave of movement in the area.

Project name: IDICO Thu Thua Industrial Park

Location: Quarter 11, Thu Thua town, Thu Thua district, Long An province, Vietnam

Investor: Thu Thua Urban and Industrial Park Development Joint Stock Company IDICO-CONAC

Scale: 188.88 hectares

Construction start time:2019

Project operation time: until 2069

Entrance gate to Thu Thua Industrial Park project

Location of Thu Thua Industrial Park

Thu Thua Industrial Park is located in hamlet 11, Thu Thua town, Thu Thua district, Long An province.

• North: Bordering Muong Khai canal
• South: Adjacent to residential area and industrial resettlement area
• East: Bordering Bo Bo canal
• West: Bordering Ba Bang canal

Location of Thu Thua Industrial Park

Built right at the focal point of many key traffic routes and considered a trade gateway between the southern key economic region and the Mekong Delta provinces, IDICO Thu Thua Industrial Park has many prospects in its future. local connection and regional connection.

Road distance:

• Tan An city: 10 Km
• Phu My Hung urban area: 35 Km
• Ho Chi Minh City Center: 40 Km
• Binh Hiep Border Gate (Cambodia Border): 80 Km

Distance to harbour:

• VICT Long An Port: 45 Km
• Bourbon Port Ben Luc Long An: 15 Km

Distance to airport:

• Tan Son Nhat Airport – Ho Chi Minh City: 45 Km
• Long Thanh Airport (future): 80 Km

Infrastructure of IDICO Thu Thua Industrial Park

Water supply:

• Water source comes from Binh Anh water supply plant, Thu Thua district (current capacity is 15,000 m3/day), or exploitation of surface water source at the clean water supply plant with capacity of 5,000 m3/day and night will be invested. built in Thu Thua Industrial Park, Thu Thua district, Long An province.

Power supply:

• The first phase uses power from the 110/22kV station – (2×63) in Hoa Binh industrial park; In the long term, build a transformer station in an industrial park with a land area of 1.02 hectares.

Traffic:

• External traffic: Provincial road 818 to national highway 1A has a road width of 40m, road surface is 18m wide, sidewalks on both sides are 11mx2 wide. The red line from the center of the road is 20m;
• Internal traffic: Internal traffic infrastructure has a road width of 31m ÷ 41m, meeting standards for large tonnage vehicles; There is a lighting system and green trees;
• Water transportation: Arrange an inland waterway wharf with an area of about 1.02 hectares to serve freight transportation through Bo Bo canal connecting to Thu Thua canal to Vam Co Dong river and Vam Co Tay river;

Communications:

• The communication system from Thu Thua town telecommunications station, provided by network operators such as: VNPT, FPT, Viettel… ensures smooth domestic and international communication; Includes full services: phone, fax, Internet…

Drainage:

• The rainwater drainage system is built separately from the wastewater drainage system, completely invested and received at the foot of the factory fence and flows to rivers and canals suitable to the terrain of each land area;
• Drainage direction to canals surrounding the project (Bo Bo canal, Ranh canal, Ba Bang canal);
• The drainage system uses reinforced concrete culverts D800÷D2,500. Arrange manholes at appropriate locations to collect water.

Wastewater treatment:

• The wastewater drainage system from the industrial park will be designed separately, completely independent of the rainwater drainage system and wastewater reception at the foot of the factory fence;
• Centralized wastewater treatment system with total treatment capacity of 8,000 m3/day and night.

Thu Thua Industrial Park project management board building
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Current status of land use planning in IDICO Thu Thua Industrial Park

Total area: 188.88 hectares

Industrial land area for lease: 130.00 hectares

Industrial park operation time: From the date of signing the land lease contract until 2069. The fourth quarter of 2021 will start handing over clean land to investors.

Construction investment situation: Compensation for site clearance and construction of industrial park technical infrastructure in parallel with attracting investment.

Thu Thua Industrial Park project planning map

Priority areas to attract investment

• Dyeing, bleaching, and printing projects to complete textile products; plating to complete mechanical products;
• Projects to produce fertilizers, detergents, dyes, paints, and printing inks;
• High-tech production projects: electrical and electronic equipment; electrical and electronic components; telecommunicative cable;
• Mechanical projects (not casting or smelting): manufacturing machinery and equipment; manufacturing, assembling and repairing motorbikes;
• Food and beverage processing projects;
• Pharmaceutical and cosmetic production projects;
• Project to produce household plastic and plastic packaging (from plastic beads);
• Interior decoration equipment production project;
• And a number of other industries that do not cause heavy pollution or toxicity…
• ….

Investment incentive policies

Corporate income tax

Tax rate: Corporate income tax applied from January 1, 2016 is 20%.

Tax exemptions:

• Enterprises are exempted from tax for 2 years and have a 50% reduction in tax payable for the next 4 years (Pursuant to Article 6 of Circular No. 151/2014/TT-BTC dated October 10, 2014).
• Enterprises are entitled to a 4-year tax exemption and a 50% reduction in tax payable for 9 years for projects in the fields of special investment incentives according to the provisions of Decree 118/2015/ND-CP dated January 12, 2015. 2015.
• Conditions for preferential treatment: New investment projects as prescribed in Clause 3, Article 10 of Circular 96/2015/TT-BTC dated June 22, 2015.

Non-agricultural land tax:

• 0.03% of non-agricultural land price issued with Decision No. 74/2019/QD-UBND dated December 31, 2019 of Long An province, and is reduced by 50%.

Other offers

• Import tax exemption for imported goods according to the provisions of Article 12, Decree No. 87/2010/ND-CP dated August 13, 2010.

Project planning map

Download high quality file of industrial park planning map: Link

Evaluation of Thu Thua Industrial Park project

Thu Thua Industrial Park possesses many strengths to attract investment such as:

• Ideal traffic connectivity thanks to its trade gateway location
• Infrastructure planning is synchronous in architecture and infrastructure
• Professional Logistic service system effectively supports businesses
• Inland ports create convenience for investors in transporting goods from industrial parks to domestic and foreign ports.

IDICO Thu Thua Industrial Park and Viet Phat Industrial Park (1,800ha scale) to be implemented at the end of 2019, will be two key projects of Thu Thua district in the period 2020 – 2025.

Not only does it have a great impact on the economy of Thu Thua district, creating a driving force for the development of future industrial parks and creating local jobs, but IDICO Thu Thua Industrial Park is also a project that has a great impact on real estate. Thu Thua, this is also one of the “focal points” attracting foreign investment capital of Long An province.

Vietnam Property Hub service

With a staff of many years of experience in the field of project investment implementation, with industrial park management boards, with project investors, serving many domestic and foreign investors, Việt Nam Property Hub offers the following services:

• Investment promotion (land, factories) in industrial parks, industrial clusters and commercial and service land, …
• Legal support & Investment consulting in fields related to industrial real estate.
• Connecting industrial real estate investment cooperation.

Contact for consultation