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Investment Current

Investment Current
Thứ 5, Ngày 20/10/2016, 12:00
Economic zone of Long An border gate
20/10/2016
Economic zone of Long An border gate

Location

 

-Belong to Kien Tuong Commune, Binh Hiep Commune, Binh Tan Commune, Hamlet no.1 of Thanh Tri Commune, Binh Tay 1 Hamlet and Binh Tay 2 Hamlet of Hoa Binh Tay Commune (Moc Hoa District), Binh Chau Hamlet and Rach May Hamlet of Tuyen Binh Commune, Thai Binh Trung Commune, Hamlet no.1 and Hamlet no.2 of Vinh Binh Commune ( Vinh Hung District). 

- In the border zone to Cambodia, an international gate of the west area of Long An Province, in the National Road no.62, connecting to the center of Dong Thap Muoi area.  This is an important economic corridor in the west of Long An Province. Economic zone of Long An border gate is one of the important nodal points in trade between Dong Thap Muoi to the transportation system throughout Asia.

 - The gate connecting to economic zones of Cambodia and Hochiminh city , the Mekong River Delta and the priority economic zone of South area

Size

Total area of using land is 13,080ha (including 01 Binh Hiep international border gate and 01 Long Khot sub-border gate).

- Land size of border gate control area is about 12ha in 2020, 18ha in 2030.

-Land size of no tax area is about 61,9ha in 2020 and 98,3ha in 2030.

- Land area of Binh Hiep border gate industrial zone is 360 ha, in which the area of the 1st phase is 168,5ha.

- Area of the industrial, service, general commercial zone is 172,3ha.

Actual state of land use

Residential land, agricultural land, industrial land

Site clearance partly completed.

Total estimated investment capitalUSD 5,266 million
Investment formPPP, BT, direct investment
Progress of the project2016- after 2020
Actual state of the projectHad the construction general planning of Long An border gate economic zone, Long An Province till 2030 in accordance with Decision no. 15/QD-TTg of the Prime Minister
Economic effect

- Forming a space of general commercial zone playing the role of an economic nucleus to impulse the development of the economy & society of Long An Province, the Mekong River Delta through the promotion of industrial production, trading, and business cooperation between Viet Nam and Cambodia.

-  Creating an area with attractive investment environment. Forming credential areas, modern urban areas, synchronous infrastructure with landscape quality, a central city of West Long An sub-region connecting to the border gate

- A nodal point in transportation and a waterway transshipment terminal between Cambodia, Hochiminh city and the Mekong River Delta Provinces.

Incentive policy

 

(Pursuant to Decision 72/2013/QD-TTg of the Prime Minister and Circular 109/2014/TT-BTC dated 15 August 2014  of Ministry of Finance)

a. Enterprise income tax incentive

- Tax incentive is 10% within 15 years

- Free of 4 years tax, 50% tax reduction in next 9 years

b. Personal income tax incentive

Vietnamese and foreign personnel directly working, producing, trading at the border gate economic zone or having income from work, production, business at the border gate economic zone, have personal taxable income in conformity with regulations of Personal income tax law, shall be cut 50% of the tax amount.

c. Value-added tax incentive

Goods, services in the border gate economic zone are not subject to value-added tax or 0% VAT rate in accordance with Decision 72/2013/QD-TTg of the Prime Minister and Circular 109/2014/TT-BTC dated 15 August 2014  of Ministry of Finance

d. Special consumption tax ( implementation in conformity with Special consumption tax law and documents guiding the implementation)

e. Export Import tax incentive

Imported goods, exported goods are exempted from taxes in accordance with Decision 72/2013/QD-TTg of the Prime Minister and Circular 109/2014/TT-BTC dated 15 August 2014  of Ministry of Finance

f. Land rental, water surface rental incentive

Investment projects in the border gate economic zone are exempted from land rental, water surface rental in accordance with regulations of Decree No. 142/2005/ND-CP dated 14 November 2005 of the Government on collection of land rental, water surface rental and Decree No. 121/2010/ ND-CP dated 30 December 2010 of the Government

g. Land use fee incentive

Investors having acquirements for using land in the border gate economic zone as their trading and manufacturing premises and choosing land delivery with land use fee collection will be delivered land with land use collection by the Government and be exempted or cut land use fees in conformity with regulations.

http://en.investinlongan.vn

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Content Type: Tin Tức Mở Rộng
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LONG AN PORTAL
Line Agency: People's Committee of Long An Province
Standing agency: The National Assembly Delegation, the Provincial People's Council and People's Committee Office​
Direct instruction: Mr. Mai Van Nhieu - Chief of Staff of the National Assembly Delegation, the provincial People's Council and People's Committee
Address: 61 Nguyen Hue, Ward 1, Tan An City, Long An Province
Phone: (0272). 3552489​
Email: vpubnd@longan.gov.vn; webmaster@longan.gov.vn
License No. 01 / GP-TTDT-STTTT dated March 3, 2015 - Department of Information and Communications