Hung Yen

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Mr. Doan Anh Quan - Director
84.90325784
daquan@hungyen.gov.vn
Evaluation of investment environment
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Department of Planning and Investment Hung Yen
Address: No. 8, Bell Temple Street, Hung Yen City, Hung Yen
Phone: (03213).863 456
Fax: Data is typing update!
Email: Data is typing update!
Website: sokhdt.hungyen.gov.vn/Pages/default.aspx
The priority areas: Tourism , Industry - Construction , Services , Agriculture - forestry - fishery

Geographical location: Hung Yen province is located in the Red River Delta, the northern key economic and economic triangle Hanoi - Hai Phong - Quang Ninh. As the gateway to the east of Hanoi, Hung Yen has 23 km Highway 5A and 20 km railway line Hanoi - Hai Phong pass. Also with 39A, connecting Highway 38 through town to 5 National Highway 1A and Highway Bridge Yen Order 10 Chaoyang Bridge, is an important traffic route connecting the northern province South West (Henan , Ninh Binh, Nam Dinh, Thanh Hoa ...)to Hai Duong, Hai Phong and Quang Ninh.Hung Yen province near the port of Hai Phong and Cai Lan and Noi Bai international airport, on the border with the provinces and cities, namely Ha Noi, Bac Ninh, Ha Tay, Ha Nam, Thai Binh and Hai Duong.

Acreage: 930.22 km2

Population: 1,164,368 people

Topographic: Located in central North Delta, Hung Yen province's terrain is relatively flat, no hills. The topography is lower from north to south, from west to east (with a slope 14cm / km) cells interspersed wetlands (swamps, lakes, ponds, rice fields) regularly flooded.Altitude uneven land which formed the band, parks, alternating high and low areas like wave.

Administrative units: Hung Yen has 1 city and 9 districts with 161 communes, wards and townships

Natural resources: Hung Yen's spiritual masterpiece land region with many natural resources are abundant and varied with land, water, rivers, minerals

Travel resources: Data is typing update!

Human resources: Data is typing update!

Traffic: - There are 3 national highways across the province, namely national highway 38, 38B and 39. The national highway 38 and 38B are under the management of Regional Road Management Unit I, while Hung Yen Department of Transport is authorised to manage highway 39. - Province-level and district-level roads: there are 13 routes across the province, with a total length of 312.1 km. Among these, 12 routes are numbered from ĐT.376 to ĐT.387; 1 route is numbered ĐT.377B. - Railway system: There is 01 railway, which is the Gia Lam – Hai Phong railway, running across the province.

Power system: Hung Yen currently has two 220kV substations and nine 110kV substations. Electricity price: as directed in Decision no. 2256/QĐ-BCT dated March 23rd 2015 by Ministry of Industry and Trade regulating mechanism of average electricity price. Installment and repairment services, electricity access time: - New installment of single-phase electric meter: No more than 7 working days starting from when customers have satisfied all required conditions to buy electricity and have finished all negotiations (if any) with the Power Company. - New installment of three-phase electric meter: No more than 10 working days starting from when clients have satisfied all required conditions to buy electricity and have finished all negotiations (if any) with the Power Company. - Electricity access time: as directed in Circular no. 33/2014/TT-BCT dated October 10th, 2014 by Ministry of Industry and Trade on reducing electricity access time (no more than 33 working days). + Execution period after receiving full and valid documents from clients is within 15 working days for Hung Yen Power Company. + Execution period after receiving full and valid documents from clients is within 18 working days for government administrative agencies.

Water system: Hung Yen currenty has 4 province-scale concentrated treatment zones, 2 of which are in operation (Dai Dong Treatment Zone with a capacity of about 60 tons/day; Hung Yen City Treatment Zone with a capacity of about 75 tons/day. At present, a solid waste treatment zone is being built in Di Su commune, My Hao district using incineration technology with a capacity of 2000kg per hour.

Post and Telecommunication Systems: Data is typing update!

Systems Industrial Zone: A. Industrial parks (IP) in operation: I. Pho Noi A Industrial Park 1. Address: Within the territory of three districts: Yen My, My Hao and Van Lam 2. Water plant: - Quantity: 01 - Capacity: 13.000 m3 /day, meeting 100% demand of the industrial park 3. Waste water treatment system: - Quantity: 01 - Capacity: 6.000 m3 /day, meeting 100% demand of the industrial park. 4. Waste water treatment plant: Currently there is no waste water treatment plant within the IP. 5. Chief investor: 5.1. Infrastructure development company: Pho Noi A IP Operation Management Company. - Address: Giai Pham commune, Yen My district, Hung Yen province. Tel: (+84-4) 9763889, 9763891. Fax: (+84-4) 9763890 5.2. Executive officer: Mr. Tran Kien Cuong, Position: Vice Director, 0903 248 441. Email: Xaydunghoaphat@fpt.vn II. Pho Noi Textile – Garments Industrial Park 1. Address: Lieu Xa commune, Yen My district and Di Su commune, My Hao district 2. Water plant: - Quantity: 01 - Capacity: 8.500 m3 /day, meeting 100% demand of the IP. 3. Waste water treatment system: - Quantity: 01 - Capacity:10.000 m3 /day, meeting 100% demand of the IP. 4. Waste water treatment plant: Currently there is no waste water treatment plant within the IP. 5. Chief investor: 5.1. Infrastructure development company: Pho Noi Textile-Garment Infrastructures Development Joint Stock Company. - Address: Yen My district, Hung Yen province. Tel: (+84-321) 972 520, 972 501, 972 588 Fax: (+84-321) 972 540 Email: Vinatexid@gmail.com 5.2. Executive officer: Mr. Vu Ngoc Dinh; Position: Director. III. Thang Long Industrial Park II 1. Address: Yen My district, Hung Yen province 2. Water plant: - Quantity: 01 - Capacity: 18.000 m3 /day, meeting 100% demand of the IP. 3. Waste water treatment system: - Quantity: 01 - Capacity: 3.000 m3 /day, meeting 100% demand of the IP. 4. Waste water treatment plant: Currently there is no waste water treatment plant within the IP. 5. Chief investor: 5.1. Infrastructure development company: Thang Long II Industrial Park, Ltd. - Address: Thang Long II Industrial Park, Yen My district, Hung Yen province. - Tel: (+84-321) 3974620; Fax: (+84-321) 3974624 5.2. Executive officer: Mr. Tomoyasu Shimizu; Position: General Director B. Industrial parks in construction: I. Minh Duc Industrial Park 1. Address: My Hao district, Hung Yen province 2. Chief investor: Infrastructure development: VNT Infrastruture Development Investment Joint Stock Company. - Address: Minh Duc Industrial Park, My Hao district, Hung Yen province. - Tel: (+84-4) 9366.868; 9365.326; Executive officer: Mrs. Phuong – Position: Chairwoman II. Yen My Industrial Park II 1. Address: Yen My district, Hung Yen province 2. Chief investor: Infrastructure development: Pho Noi A IP Operation Management Company. - Address: Trung Hung commune, Yen My district, Hung Yen province. Executive officer: Ms. Huyen: 0904 200 035; Position: Deputy sales manager. III. Minh Quang Industrial Park 1. Address: My Hao district, Hung Yen province 2. Chief investor: Investor name: Viet Nam Investment Development Group. ․ Address: No. 115, Tran Hung Dao Street, Hoan Kiem district, Hanoi. ․ Tel: 84 04 37767063 ․ Contact person: Mr. Chuyen: 0168.9595.928 IV. Kim Dong Industrial Park 1. Address: Kim Dong district, Hung Yen province 2. Chief investor: Investor name: DĐK Investment – Construction Joint Stock Company. ․ Address: No. 5- Lane 629/15, Kim Ma Street, Ba Dinh district, Hanoi. ․ Tel: (+84-4) 37830464 ․ Contact person: Mr. Duong: 01699696969 V. Ngoc Long Industrial Park 1. Address: Yen My district, Hung Yen province 2. Chief investor: Investor name: PT Industrial Park Investment Joint Stock Company. ․ Address: Pho Noi Trade Center, Nghia Hiep commune, Yen My district, Hung Yen province. ․ Contact person: Mr. Ninh; Tel:0903433375 VI. Tan Dan and Ly Thuong Kiet Industrial Park 1. Address: Yen My, Khoai Chau and An Thi distric

The economic structure:


GDP growth (base year 2010)

Year

2011

2012

2013

2014

2015

Gross GDP (billions of dongs)

28,086

30,300

32,377

34,741

37,465

GDP growth (%)

109.39

107.88

106.86

107.30

107.84


GDP per capita

Year

2011

2012

2013

2014

2015

GDP (per capita)

1,590

1,803

1,985

2,191

2,352

GDP per capita growth (%)

113.40

110.09

110.37

107.34


Economic sector composition

Year

2011

2012

2013

2014

2015

Agriculture, Fishery and Forestry

17.27

18.09

16.13

14.65

13.54

Industry - Construction

50.46

48.61

47.26

48.10

48.98

Services

32.27

33.30

36.61

37.25

37.48


Exports - Imports

Year

2011

2012

2013

2014

2015

Exports

(in USD millions)

813

1,218

1,706

2,151

2,516

Imports

(in USD millions)

1,451

1,958

2,419

2,820

3,105



Domestic investment in 2015

- Number of projects: 81
- Total investment registered:  10,293 billion dong

Foreign direct investment in 2015

- Number of enterprises: 33
- Number of projects: 33
- Total FDI registered: 288.7 million USD

Growth:


Data typing update!

Attracting investment:


Data typing update!
I. Investment preferences

1. Industry - Construction

- Projects using high technology, modern techniques, protecting the ecologic environment.
- Producing new materials, new energies; high technology, biotechnology, computer science and mechanical engineering.
- Large-scaled projects which are implemented rapidly and make considerable contributions to the  budget. 
- Projects employing a large number of available laborers in the South of the province.
- Supporting industry projects in the fields of eletronics and IT.
- Projects that invest on constructing infrastructure for industrial parks and zones.  
2. Services
- Supporting service projects that may boost the development of other industries (e.g: logistics)
- Universities, Training centers on Engineering, Electronics and IT, service projects that support Pho Hien University Complex (e.g: research & application centers, IT services, …)
- Regional goods distribution centers and Exhibition centers.
- High-quality, international standard general hospitals.
3.  Agriculture
- Planting, processing clean, high-quality agricultural products (especially vegetables and fruits).
- Preserving, processing, consuming agricultural products (especially vegetables and fruits).
- Projects on cow raising.

II. Investment preference policies

1. General policies

- The maximum land lease period to implement a project is 50 years. After the expriration of this period, extensions can be granted on request for investors who have complied with the Land Law and other regulations during project implementation.
- Enterprises shall be entitled to exemption of import tax on goods imported to create fixed assets, materials, equipment, devices to implement the projects.
- Exemption of land rental during capital construction period, but no longer than 3 years from the date of land lease decision. After the construction project has been completed and put into operation, projects that fall into the List of Investment Preferences by the Government shall be exempted from land rental for up to 3 years (11 years in case of investment on agriculture and rural areas)
- Enterprise income tax rate is 20%. Depending on the project properties, enterprises may be entitled to income tax exemption or reduction and other preferences. 
- Exemption of land rental for the whole period in the following cases: construction projects on housing for workers in industrial parks,  social housing; water supply projects; construction projects on service stations and parking for public transportation; socialized projects on education, training, healthcare, culture and environment in rural areas.  

III. For projects within industrial parks

1. Investment preferences for projects on industrial park construction and operation

- Import tax preferences: Enterprises shall be entitled to exemption of import tax on goods imported to create fixed assets for the project, according to the Law on Import Tax and Export Tax no. 107/2016/QH13 dated April 6th, 2016.
- Land rental exemption:
+ Investors are entitled to exemption from land rental and water during the whole period for the land used for construction of infrastructure for common use in industrial parks;
+ Investors are entitled to exemption from land rental during capital construction period according to the approved projects, but no longer than 3 years starting from the date of land lease, water lease decision.
+ After the exemption period of capital construction, investors are entitled to 11 years of land rental exemption.
2. Investment preferences for projects that invest in production and business in industrial parks
General preferences: 
- Enterprise income tax: Enterprises that implement new or extension projects are entitled to tax exemption for 2 years and a 50% reduction of payable tax amounts for 4 subsequent years;
- Import tax: Enterprises shall be entitled to exemption of import tax on goods imported to create fixed assets for the project, according to the Law on Import Tax and Export Tax no. 107/2016/QH13 dated April 6th, 2016.
- Enterprise income tax preferences by sector, field: 
+ Enterprises are entitled to a tax rate of 10% within 15 years, tax  exemption for 4 years and a 50% reduction of payable tax for the subsequent 9 years on income from projects that fall into the following domains:
+ New projects in high technology and high-tech applications; scientific research and technology development; software production; producing composit materials, light construction materials, rare materials; products that fall into the List of supporting industry products to be given priority for development.
+ New investment projects on manufacturing, not including projects on manufacturing products which are subject to special consumption tax (except for car manufacturing projects), which meet either of these 2 criteria:
* Projects with a minimum capital of 6,000 billion dongs, being disbursed in no more than 3 years from the first investment approval and yielding at least 10,000 billion dongs of revenues within 3 years from the first year of revenue generation.
* Projects with a minimum capital of 6000 billion dongs, being disbursed in no more than 3 years from the first investment approval and employing over 3,000 laborers on a regular basis within 3 years from the first year of revenue generation.
+ Investment projects on manufacturing, not including projects on manufacturing products which are subject to special consumption tax (except for car manufacturing projects), with a minimum capital of 12,000 billion dongs, total registered capital is disbursed within 5 years from the date of investment approval.
- Enterprises are entitled to a tax rate of 17%, tax  exemption for 2 years and a 50% reduction of payable tax for the subsequent 4 years on income from projects that fall into the following domains: manufacturing energy-saving products; producing machines and equipment to serve agriculture, fishery and forestry.

IV. Investment supporting policies

- Supplying sufficient infrastructure system and essential services, including: transportation, electricity, water supply and drainage, telecommunication, waste water collection and treatment, ...  to the fence of each factory. Standard warehouses are available for lease which satisgy different requirements of each project;
- Hung Yen implements “one-door” mechanism for administrative procedures. These are also implemented via the internet, which offers investors online public services level 3 in receiving and processing requests, ensuring to reduce processing period by 30%-50%. Besides, investors shall receive support and consultation from Services and Investment Support Centre during project implementation, business operation and procedures regarding investment, construction, environment protection and labor safety, ...;
- Supplying information on administrative procedures, layout plans, conditions on investment and other laws and regulations at the request of investors;
- Hung Yen  applies online tax and custom procedures. Customs sealing is done with lead seals by Hung Yen Customs right at the factory. A system of major banks ensures fast service to promptly meet any request of investors. Electricity and high-speed internet are also supplied with high consistency to meet investors’ demand;
- Hung Yen encourages labor training and recruitment in order to provide adequate labor source of high quality, good discipline and professional manner for projects across the province;
- Enterprises reserve the right to invest in case of regulation modifications; security is ensured, lives and properties of laborers and investors within the province are protected.

- Local points of contact for investment support issues:

Hung Yen Provincial People’s Committee
Address: No. 10, Chua Chuong street, Hien Nam ward, Hung Yen city, Hung Yen province.
Tel.: 0321.3863823; 0321.3864436
Email: Hungyen@chinhphu.vn
Hung Yen Investment Promotion and Enterprise Support Centre
Address: No. 8, Chua Chuong street, Hien Nam ward, Hung Yen city, Hung Yen province
Tel.: 0321.3522668
Email: dpihungyen@gmail.com
Hung Yen Province Industrial Park Management Board 
Address: Pho Noi, Ban Yen Nhan township, My Hao district, Hung Yen province.
Tel.: 0321.3942864
Email: bqlckcnhy@vnn.vn

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