Dong Nam Nghe An Coastal Economic Zone

DONG NAM ECONOMIC ZONE PLANNING IN NGHE AN PROVINCE

Southeast Economic Zone of Nghe An province is 207.76 km² wide, including part of Nghi Loc district, part of Dien Chau district, part of Vinh City and part of Cua Lo town. According to the plan, this is a comprehensive, multi-functional and multi-functional economic zone and is expected to become an international trade center, industrial center, tourism, commerce and a major seaport of the North. Central Vietnam; a large urban center of Nghe An.

 Southeast Economic Zone Planning in Nghe An province

Boundary planning of Southeastern Nghe An economic zone

Planning of Southeastern Nghe An Economic Zone, Nghe An province has a total area of ​​20,776.47 ha, including 3 areas:

 Area 1

Scale of area is about 18,826.47 ha, including 10 communes of Nghi Loc district (Nghi Hop, Nghi Xa, Nghi Long, Nghi Dong, Nghi Thuan, Nghi Hung, Nghi Quang, Nghi Thiet, Nghi Tien, Nghi Yen); 06 communes of Dien Chau district (Dien Trung, Dien Thinh, Dien An, Dien Tho, Dien Loc, Dien Phu) and 02 wards of Cua Lo town (Nghi Thuy and Nghi Tan). The boundary of region 1 defines:

 The North borders the communes: Dien Thanh, Dien Tan and Dien Cat in Dien Chau district.

The South borders the communes: Nghi Trung, Nghi Thinh, Nghi Khanh and Nghi Thu of Nghi Loc district.

East sea bordering the east.

The West borders Dien Loi commune in Dien Chau district and the communes: Nghi Van, Nghi Lam, Nghi Phuong, Nghi Hoa in Nghi Loc district.

 Area 2

The area is about 1,200 ha, including the entire Hoang Mai Industrial Zone and Dong Hoi Industrial Park, under Hoang Mai Town (according to Decision No. 67/2014 / QD-TTg dated December 4, 2014 of Prime Minister on "Amending and supplementing the operation regulations of Southeastern Nghe An economic zone, Nghe An province"). In which: Hoang Mai Industrial Park has an area of ​​600 ha, Dong Hoi Industrial Park has an area of ​​600 ha.

 The boundary of zone 2 is specified in the planning process.

 Area 3

The area of ​​about 750 ha, including the whole area of ​​VSIP Nghe An Industrial Park, Urban and Service Area, belongs to Hung Nguyen Town, Hung Dao Commune, Hung Tay Commune (Hung Nguyen District); Hung Chinh commune (Vinh city). Area boundaries 3 are defined:

 The North borders on National Highway 46B.

The South borders on Highway 46A.

The East is adjacent to Nguyen Van Be Street, Hung Tay Commune (connecting National Highway 46A and National Highway 46B).

The West borders on the National Highway 1A.

 Objective of planning the Southeast economic zone in Nghe An province

 To build Southeastern Nghe An economic zone suitable to the national development strategy, Vietnam's sea development strategy and Nghe An province development strategy.

Developing Southeastern Nghe An Economic Zone into a dynamic and sustainable economic development area; to be a center for tourism, service, urban, industrial, port and logistics development centers; closely associate economic development with security, defense, resilience and adaptation to climate change.

To build Southeastern Nghe An economic zone into a dynamic economic region of the northern central coastal region and Nghe An province; having synchronous and modern technical and social infrastructure systems; landscape architecture space, advanced and civilized urban areas, sustainable environment and efficient use of land.

Characteristics of Southeast Nghe An economic zone Being a key, multi-industry and multi-field economic zone with a focus on basic industries associated with the construction and efficient exploitation of Cua Lo port; Hoang Mai - Dong Hoi area to develop motivational industries in association with Dong Hoi seaport; Vsip region develops industry in combination with mixed services, focus on developing light industry and other supporting industries.

As the center of international trade and commerce of the North Central region, an important gateway of the Central, Upper Laos, Northeast Thailand to Central and Vietnam. It is a counterbalancing growth pole, closely and comprehensively linked to the general development of Vinh city, Hoang Mai town, Cua Lo town and surrounding areas. It is an area of ​​the harmonious development of economic, cultural, environmental and security objectives.

Tax policies in Southeastern Nghe An EZ

Southeast Economic Zone is planned to be built into 2 main functional areas: Non-tariff area and tariff area.

Non-tariff area

Being linked to Cua Lo port area with an area of ​​about 300 ha, including 4 main areas:

Free port area.

Commercial and service area.

Manufacturing area.

Bonded warehouse area.

Activities of the non-tariff area include: Manufacturing, processing, recycling, assembling exports, imports and goods serving on the spot; trade in goods; Trade in Services; trade promotion and other trade activities….

The abundance and diversity of types of production and business are allowed to operate in the Southeastern Economic Zone, creating opportunities for domestic and foreign investors to have many options to invest in suitable business and production types. suitable for your strengths.

Projects investing in the Southeastern Economic Zone are entitled to incentives applicable to geographical areas with exceptionally difficult socio-economic conditions and EZs under the provisions of the Investment Law, the Law on Enterprise Income Tax and the Other provisions of current law.

Tax policy Projects investing in the Southeastern Economic Zone are entitled to the tax rate: 10% corporate income tax rate applied for 15 years from the time the project commences business operation; CIT exemption for 4 years from the date of taxable income and 50% reduction for the next 9 years; enjoy other tax incentives applicable to geographical areas with exceptionally difficult socio-economic conditions. Investment and production projects in the Southeastern Economic Zone are exempt from import tax for 5 years from the date of commencement of production for imported raw materials, supplies, components and semi-finished products which are domestically imported. not yet manufactured or not up to the quality standards; 50% reduction of personal income tax for high-income earners working in the Southeastern Economic Zone. In addition to the above preferences, the following investment projects in the Southeastern Economic Zone are entitled to a corporate income tax rate of 10% during the project implementation period: The project belongs to high technology. The project is large-scale and has important implications for the development of the sector, field or socio-economic development of the region. Project on building and trading in non-tariff zone infrastructure