Project calling investment
Why should invest into Hai Duong province?
Invest into Hai Duong province, investors will be received favorable conditions as follow:

  Invest into Hai Duong province, investors will be received favorable conditions as follow:

Favourable location

Hai Duong located in the centre of the Northern Delta of The Red River, being one of 8 provinces in the Northern Key Economic Zone and haft - way point among three big cities that are: Ha Noi capital, Quang Ninh city and Hai Phong port therefore Hai Duong has a lot of opportunities for economic development.

Convenient transportation and comprehensive infrastructure

There are many important national roads cutting through the province such asNational Highway No 5A, No.183, 18... and the railway system. Hai Duong near two airports (the Noi Bai International airport and the Cat Bi airport in Hai Phong), and the transport axe of the Con Minh (China) – Hanoi – Quang Ninh so that facilitating transportation and economic development.

Beside, Hai Duong has a dense network of rivers, including Thai Binh, Luoc, Bac Hung Hai and An Kim Hai, supply water for industrial production, facilitate the development of waterway transportation, and create favorable conditions for internal and external goods exchanges.

The national electricity grid coves the whole province. Electricity supply for production ensures around the clock.

Post and telecommunication, banking services, inland clearance domestic (ICD), customs are available, convenient and modern.

Abundant source of labour

Hai Duong’s average population is 1.718.895 people, the population density was 1.039 person per square kilometer (Source: Statistical Yearbook 2011). Hai Duong has young population structure with over 60% people are at working age so that offering an abundant source of labour.

Administrative procedures for investment certificate granting are quickly and easily.

+ For projects outside the Industrial Zones:

- Within 07 working days for the registration projects;

- Within 15 working days for the evaluation projects.

+ Projects within the Industrial Zones:

- Within 03 working days for the registration projects;

- Within 10 working days for the evaluation projects.

In addition, investors will be received some incentive policies according to regulations of the State and the province such as:

Incentive about land rental

For the projects invested outside the Industrial zones, the investors will pay in advance the compensation expenses for site clearance, afterwards the province will support this amount of money by deducting from the annual land rental.

Incentive about import taxes

Implement according to Decree No.87/2010/ND-CP of August 13th, 2010, detailing the implementation of the Import Tax and Export Tax Law, Decree No. 108/2006/ND-CP of Sept 22, 2006 of the Government detailing and guiding the implementation of some articles of Investment Law, as follows:

Goods imported to create fixed assets of projects entitled to investment encouragement specified in Decree No 108/2006/ND-CP of Sept 22, 2006 exempted from import tax includes:

- Equipment and machinery;

- Special-use means of transport included in technological lines, which are certified by the Ministry of Science and Technology; worker-transporting vehicles, including cars of 24 seats or more and waterway vehicles;

- Components, details, knocked down parts, spare parts, fittings, molds and accessories accompanying machinery, equipment and special-use means of transport defined at Points a and b of this Clause for assembly or use;

- Raw materials and supplies used for manufacture of equipment and machinery included in technological lines or for manufacture of components, details, knocked down parts, spare parts, fittings, molds and accessories accompanying equipment and machinery defined at Point a of this Clause for assembly or use;

- Construction materials which can not be produced at home.

Incentive about Corporate Income Tax:

Corporate Income Tax (CIT) implement according to the Decree 124/2008/ND-CP of Dec 11, 2008 of the Government detailing the implementation of the CIT.

Site clearance supports

- Projects locate inside the IZs: Land for project will be handed over to the investors soon after investment certificate issuance.

- Projects locate inside the industrial Groups: Provincial authorities direct the functional branches and relating localities to carry out site clearance and hand over the land within 40 days from the investment certificate issuance.

- Hai Duong provincial Centre for enterprise development assistance, Consulting& investment promotion will advise, assist the investors on business, investment certificate granting and on implementing the projects.

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