New highway connect daklak province with van phong area only 1.1 hour drive by car

Specifically, there are three route plans including the route plan no. 1 (with No. 1A and No. 1B) is 105 kilometres in length; the route plan no. 2 is 110 kilometres in length; and the route plan no. 3 is 150 kilometres in length; all of three plans were analysed advantages and disadvantages at the meeting.

Based on the Company’s analysis, the route plan no. 1A is the most feasible with the proposed beginning point intersected with the East bypass of Buon Ma Thuot city at Krong Pac district (Dak Lak province) and the ending point intersected with the eastern North-South Highway at Khanh Hoa province. The project goes through five Dak Lak’s districts of Krong Pac, Cu Kuin, Ea Kar, Krong Bong, M’Drak and one Khanh Hoa’s district of Khanh Vinh. The expected full length of the Highway is 105 kilometres with a total investment of 19.500 billion VND and has four lanes. Scale of the full length after complete stage will have 6 lanes with a width of 32.25 meters; design speed from 80 to 120 kilometres per hour, average speed of 95.5 kilometres per hour; circulation time of 1.1 hours.

Van Phong economic zone located in the Northern of the Khanh Hoa province, from Nha Trang City about 50 km. Van Phong Economic Zone, Khanh Hoa province was established under Decision No. 92/2006/QD-TTg dated April 25th 2006 of the Prime Minister. The Prime Minister approved overall socio - economic development plan of Khanh Hoa province in Decision No. 251/2006 to 2020/QD-TTg dated October 31st 2006 determining the Van Phong Economic Zone is one of three key economic zones of Khanh Hoa province. In Decision No. 1353 / QD-TTg dated September 23rd 2008, the Prime Minister has oriented to build Van Phong economic zone become opened door towards the sea and towards cooperative and development economic corridor East-West and North - South. With this feature, Van Phong economic zone is a driving force in the development strategic of key economic regions in South Central Coast region. According to Decision 380/QD-TTg on March 17th 2014 of the Prime Minister, Van Phong economic zone is defined as "synthetic, multidisciplinary and multi-sector economic zone including international container entrepot, petrochemical industry, shipping of mineral oil and petroleum products hold the leading role, combining economic tourism development, services, industry, aquaculture and other economic sectors”

Van Phong economic zone located in the North of Khanh Hoa province, from Nha Trang City about 50 km, under Ninh Hoa town, Van Ninh district with area of 150,000 hectares. In which 80,000 hectares is water surface and 70,000 hectares is ground. Van Phong economic zone consists of two main areas: Northern Van Phong is belong to Van Ninh district and Southern Van Phong is belong to Ninh Hoa town.

Get reduce tax and get power when invest in van phong
Preferential policies on Van Phong economic zone:
Van Phong economic zone is applied preferential policies in investment for areas with extremely difficult socio-economic conditions specified (Paragraph 3 of Article 16 of Decree 29/2008/ND-CP dated March 14th 2008 regulating about industrial parks, export processing zones and economic zones) such as:

Income Tax (Pursuant to Decree 218/2013/ND-CP dated December 26th 2013).

+ Income of enterprise from performance of new investment project is applied preferential tax rate of 10% within 15 years calculated continuously from the first year the enterprises have the revenue from business activities for tax incentives.  Tax exemption for 4 years, reduction of 50% of tax payable for the next 9 years from the first year when the enterprise has taxable income from investment applied tax preferences.

+ Enterprises expand scale of production, raising capacity and production technology if meeting one of three criteria specified in in Paragraph 5 of Article 15 of Decree 218/2013/ND-CP shall be entitled to tax preferential of projects under operation for the remaining time (if any) or be exempted from or reduced in tax for the income additionally increased from the investment and expansion.

+ During the operation, after the settlement with the tax authorities that loss, loss of business was transferred to the following year; this loss amounts to be deducted from taxable income. Period for transferring losses shall not exceed five years from the year following the year they were incurre

- Personal Income Tax (Pursuant to Circular 128/2014/TT-BTC Dated September 5th 2014): Reduction 50% income tax for individuals working in economic zones.

Tariff: (Decree No.87/2010/ND-CP dated August 13th 2010)

+ Import tax exemption for 5 years from date of production for raw materials, supplies and components that cannot be domestically produced yet imported for manufacturing except projects and items are defined in Decree No. 87 / 2010 / ND-CP.

+ Tax exemption for goods imported to create fixed assets of investment projects on the list as stipulated in Decree No. 87/2010/ND-CP.

+ The land rents and water surface rents shall be exempted during the fundamental construction period according to the projects approved by the competent authorities for most 3 years from the effective date of the land lease contracts.

+ The land rent and water surface rent shall be exempted in these cases:

+ The projects on the list domains entitled to investment incentives and special investment incentives are exempted from land rent or water surface during the operation of the project.

+ The project on the list of domains entitled to special investment incentives are exempted from land rent or water surface for 15 years.

+ The projects are not in the above subjects are exempted from land rent and water surface rent for 11 years.

+ The special tax incentives for the non-tariff zone

Potential and investment opportunities: 1. Development potential of international container entrepot and port services: Van Phong is a large Bay with 41,000 hectares of water surface, sheltered and not be filled. Particularly Dam Mon penisula is 3.500ha wide, sheltered in the four directions by the mountains, avoid wind and storm season, completely sheltered with a depth of 20m to 27m, having Cua Lon creek with 950 meter wide, deep over 18m and Cua Be creek with 700m wide, 27m depth. Behind this penisuala is Hon Gom peninsula that is very convenient for the development of the port. This is the best airtight position in Vietnam's ports. It is convenient to build an international container transshipment port. With its ideal depth, Van Phong port is convenient for container ships with a carrying capacity up to 15,000 TEU. - With the advantage sheltered and wide area, Van Phong transshipment port container can catch many cargo ships at the same time, there is comfortable for large ships to anchor in the port for waiting or resting. - Van Phong Bay is located between HongKong and Singapore port and located on the crossroads of international maritime. With the position is near the shipping lanes where many containers and intenational ships crossing, Van Phong has more advantages to developing international container entrepot. - The terrain and area of Hon Gom peninsula allows to build the large duty free area with the function for processing, assembly, processing, and create conditions for the carriers calling their goods from the branches sending by container and airway to process the finished products, saving the cost of production and transportation With such favorable conditions, Van Phong meets the criteria for building international container transshipment port by seaway and port services. 2. The potential for tourism development: Van Phong Bay Area has a mild climate, neglected natural landscape, abundant terrain. It has natural ecosystem, the coast and gulf, rocky mountains, dunes, mangrove and pristine forest, ancient fishing villages, mountainous landscapes, majestic lakes ... in the areas of ​​Hon Gom peninsula, Hon Lon Island, Dai Lanh, Son Tap - Hoa Son, Doc Let - Mui Du, Hon Heo- Nha Phu Lagoon that creates favorable conditions for organization of marine ecotourism activities combines moutainous ecological activities, specially Dam Mon area with conditions for development of travel port. This area is identified as one of four general resorts of the country, located between two major tourist centers of Hue - Da Nang, Ho Chi Minh City and vicinity; is the gateway of the South Central tourist area, South and Central Highlands. "According to many experts and researchers of tourism development investment, Van Phong-Dai Lanh is a place which has the potential for developing marine ecotourism with international standards, a rare marine tourism resource both in landscape and environment, an ideal location that anywhere in Vietnam country