On the morning of August 9, in Hiep Hoa commune, Bac Ninh province, FECON Invest Joint Stock Company held the groundbreaking ceremony of Danh Thang - Doan Bai Industrial Cluster (commercial name: FECON IP Hiep Hoa). This is a key industrial project in the strategy of developing a green and sustainable industrial real estate ecosystem of FECON Group in the North.
Groundbreaking ceremony of Danh Thang - Doan Bai Industrial Park (FECON IP Hiep Hoa).
FECON IP Hiep Hoa has an area of about 75 hectares, located 50km from the center of Hanoi, 30km from Noi Bai airport and near three expressways Hanoi - Thai Nguyen, Hanoi - Lang Son and Noi Bai - Ha Long. This location helps to quickly connect with major production centers such as Bac Ninh, Thai Nguyen, Hai Phong and Lang Son.
According to the plan, about 70% of the area will be for production infrastructure, the remaining 100.000m2 will be for trees and water surface. The project is invested in synchronous technical infrastructure, including water supply system, wastewater treatment with capacity of 3.050 m³/day and night, 22 kV power grid, telecommunications, fire protection and 24/7 security.
The FECON IP Hiep Hoa project will prioritize attracting high value-added and environmentally friendly industries such as electricity - electronics, precision mechanics, pharmaceuticals, food, high-tech supporting and auxiliary industries. The location adjacent to factories of Samsung, Foxconn, Goertek, Luxshare... is expected to support the supply chain in the field of electronic components, semiconductors and high-tech equipment.
Project perspective.
In particular, the project applies investment incentive policies as stipulated in Decree No. 218/2013/ND-CP and the Law on Corporate Income Tax. Accordingly, FECON IP Hiep Hoa is located in an area with difficult socio-economic conditions, and is on the list of corporate income tax incentives.
Specifically, businesses investing here will be exempt from corporate income tax for the first two years from the time they have taxable income, and will receive a 2% reduction in the tax payable for the next four years for the income generated from new investment projects.
In addition, investors also enjoy incentives on land lease (exemption from rent for a period of 7 years depending on the field and industry) and exemption from import tax on machinery, equipment, and materials that cannot be produced domestically as well as raw materials for export production, according to current regulations of investment and tax laws.
Representative of FECON Invest, Mr. Muon Van Chien - General Director shared: "FECON IP Hiep Hoa is not only a key project in the industrial infrastructure development strategy of FECON Group, but also demonstrates a long-term commitment to accompany the government and business community in creating a modern, efficient and sustainable production environment."
Source: CafeF electronic newspaper
