SOAI RAP OIL AND GAS SERVICE INDUSTRIAL PARK - TIEN GIANG

OVERVIEW OF SOAI RAP OIL AND GAS INDUSTRIAL SERVICE PARK - TIEN GIANG

Soai Rap Petroleum Service Industrial Park - Tien Giang, formerly known as Soai Rap Shipbuilding Industrial Park, Investor is Vinashin Group. The Prime Minister changed the name and function of Soai Rap Shipbuilding Industrial Park into Soai Rap Petroleum Service Industrial Park with the function of a specialized industrial park serving the oil and gas industry in document No. 1983/TTg-KTN dated January 1, 2019. November 2010 and the Provincial People's Committee issued a decision to establish an Industrial Park in 2011 with PetroVietnam Construction Joint Stock Corporation as the investor. The industrial park covers 13.08% of the industrial land area with 01 project, registered investment capital of 2,175,595 billion VND, manufacturing straight welded steel pipes.

Soai Rap - Tien Giang Petroleum Service Industrial Park has an area of over 285 hectares, located in Gia Thuan and Vam Lang communes in Go Cong Dong district, Tien Giang province, with a very convenient location for development. develop the marine economy and especially for Vietnam's Oil and Gas industry.

This is the location to focus on building manufacturing factories serving the Oil and Gas industry such as: Petroleum Steel Pipe Manufacturing Factory (PV Pipe); Petroleum tank manufacturing factory; Petroleum metal structure manufacturing factory; Petroleum welding rod manufacturing factory; General service port area.... With a location in the industrial development belt of the southern provinces with a rich river system and influenced by neighboring industrial parks such as: Ben Luc Industrial Park, Long An Industrial Park, Long An Industrial Park,... Tan Huong Industrial Park, Vung Tau Petroleum Service Base. Soai Rap Oil and Gas Service Industrial Park will be an investment location that brings sustainable benefits to domestic and foreign investors.

Basis for project construction:

Decision No. 1107/QD-TTg dated August 21, 2006 of the Prime Minister approving the development planning of industrial parks in Vietnam until 2015 and orientation to 2020.

Decision No. 1181/QD-UBND dated April 24, 2008 of the People's Committee of Tien Giang province approving the General Planning for industrial construction in Go Cong area.

Decision No. 5043/QD-UBND dated December 24, 2009 of the People's Committee of Tien Giang province on approving the Industrial planning of Tien Giang province until 2020.

​GEOLOGICAL LOCATION

- Location: located next to the Go Cong sea dyke line, Vam Lang town, Go Cong Dong district.

East: adjacent to Soai Rap river.

West: adjacent to the sea dyke.

South: adjacent to Muong Nien canal.

North: adjacent to Hoi Dong Quyen canal.

- Contact area: about 2 km north of Vam Lang town, Go Cong Dong district, far from City. My Tho is about 50 km east, far from the city. Ho Chi Minh City follows Highway 50 about 60 km south.

THE INFRASTRUCTURE

Traffic connection

In the Industrial Park: the ground has been leveled.

Outside the Industrial Park: Provincial Road 871B into the industrial park is under construction.

Electricity supply

Power is supplied to the project from the national grid, ensuring adequate and stable supply.

Water supply

Ensure adequate connection and supply for the project.

Waste/wastewater treatment

Waste treatment measures: centralized collection and treatment.

Wastewater treatment measures: build a centralized wastewater treatment system.

INVESTMENT INCENTIVES

Conditions for receiving investment incentives:

1. Corporate income tax incentives only apply to businesses that implement accounting, invoices, and vouchers and pay corporate income tax as declared.

2. While enjoying corporate income tax incentives, if an enterprise carries out many production and business activities, the enterprise must separately calculate income from production and business activities to enjoy income tax incentives. Business income (including preferential tax rates, tax exemptions, tax reductions) and income from business activities that do not enjoy tax incentives can be declared and paid separately.

3. In the same tax period, if there is an income subject to preferential corporate income tax rates and tax exemption or tax reduction periods in many different cases, the enterprise can choose one of the following options. The most beneficial case of corporate income tax incentives.

Investment incentives:

- Incentives on land rent: Exemption from land rent and water surface rent for 15 years after the capital construction exemption period of not more than 3 years as prescribed in Point b, Clause 10, Article 19 of Decree No. 46/2014/ND-CP of the Government is amended and supplemented in Clause 6, Article 3 of Decree 135/2016/ND-CP dated September 9, 2016 of the Government.

- Corporate income tax incentives: Tax exemption for 2 years and 50% reduction of tax payable for the next 4 years (Clause 3, Article 16 of Decree No. 218/2013/ND-CP.

- Other incentives: 50% reduction in non-agricultural land use tax according to Point b, Clause 2, Article 3, Decision No. 53/2016/QD-UBND.