Geographically, Quang Tri province profile is situated in central Vietnam. It borders Quang Binh province profile on the north, Thua Thien Hue to the south, Laos DPR to the west and the South China Sea to the east. It consists of 1 city, 1 town and 8 districts. The province profile lies on important communication axes of the country, of which National Road 9 is part of the East – West Economic Corridor running through Lao Bao International Border gate, giving the province profile an opportunity to develop trade, tourism, investment and investment co-operation with ASEAN countries.
The weather features a wide range of temperatures and rainfall, with hot and dry south-west winds during the Southwest Monsoon (May through September), and much cooler wet weather during the rainy season (November to mid-March). Annual average temperature is 24 °C (75 °F), but temperatures can drop as low as 7 °C (45 °F) during the rainy season. Hence the best time to visit the province profile for business is during Mid March to May.
|List of Business Association|
|Non-state Enterprises & Cooperatives Alliance and SME Quang Tri
Address: Ly Thuong Kiet str, Dong Ha City, Quang Tri Province
Contact number: +8453356146
|Young Entrepreneurs Association|
Name: Lao Bao special economic zone
Location (city/district): Lao Bao Commercial Area administratively belongs to Huong Hoa district, Quang Tri province_profile, being 60 km far from Dong Ha provincial capital, 150 km far from Hue city to the Northwest.
LAO BAO INDUSTRIAL – TRADE AND SERVICES SECTOR
Area: 100 ha
Lao Bao Industrial – Trade and Service Sector is designed and planned in modern standards, technical infrastructure (transportation systems, electricity supply, water supply and drainage,…) of which has been invested synchronically to each planned plot, satisfying demand of serving production and business of investors.
|SECTORS CALLING FOR INVESTMENT|
Trade and Services sub-sector:
Lao Bao border gate sub-sector:
Out of this sector, the economic zone also has Northwestern industrial sector.
|SECTORS CALLING FOR INVESTMENT|
Processing and installing:
Trade – Service – Tourism:
Cost of land rental: Projects invested into Lao Bao Special Economic – Commercial Area shall be exempted from land rent in the first 11 years and shall enjoy 30% land rental price applied in mountainous districts in Quang Tri Province from the 12th year forward. Price land rental in concentrated area is 0.01$/sqm/year; out of concentrated area is 0.003$/sqm/year.
|Economic Zone 2:||Economic Zone 3:|
Related laws, regulations and incentives in doing business in the province profile:
Projects investing outside IZs and Lao Bao SECA: shall be exempted from land rental for 3-15 years since the date projects are brought into operation.
Projects investing in IZs and Lao Bao SECA: shall be exempted from land rental for the first 7-11 years since the date projects are brought into operation.
Projects investing outside IZs and Lao Bao SECA: Land rental price is 0.3-0.45% of the land price promulgated annually by the PPC (according to specific area).
Projects investing in Lao Bao SECA: Land rental price enjoy a rate of 30% of the land rent applicable to Quang Tri’s mountainous districts from the 12th forwards.
Projects investing in IZs: Nam Dong Ha IZ: 1.620 VND/m2/year ~ 0,10 USD. Quan Ngang IZ: 810 VND/m2/year ~ 0,05 USD.
Projects investing in Tourist Areas: 1st location: 0,085 USD/m2/year; 2nd location 2: 0,05 USD/m2/year.
Investors shall be exempted from tax for 2-4 years since their taxable incomes are generated; enjoy a 50% reduction for 4-9 subsequent years; and thereafter, the tax rate of 10-12% shall be applied for 10-15 years depending on the investment field and area.
District/Town People’s Committees support investors to implement procedures on compensation and site clearance for the project execution. Costs of site clearance are mainly paid by investors; they are supported partially for the site clearance costs depending on characteristics and location of the project.
Procedures on issuing investment license, land allocation, land lease shall be solved promptly since the date when the legitimate documents are received (not exceeding 7 working days).
Labor force and labor laws
– Minimum wage (if there is): 830.000 VND ( 40$ / month )
Cooperate taxation rate: The general corporate income tax rate in Vietnam is 25%.
VAT rate: The general rate of VAT in Vietnam which applies to goods and services is 10%. A reduced rate of 5% also applies to certain goods and services
More details at: http://www.taxrates.cc/html/vietnam-tax-rates.html
|List of Financial Institutions|
|Vietnam Bank for Foreign Trade, (Vietcombank) Quang Tri branch
Address: 51 Tran Hung Dao, Dong Ha City, Quang Tri Province
Tel: 0533 555 727
|Vietnam Commercial and Industrial Bank, Quang Tri branch
Address: 64 Nguyen Trai, Dong Ha City, Quang Tri Province
Tel: 0533 550 807 – 3565 789
|Quang Tri Agriculture & Rural Development Bank
Address: 1A Le Quy Don St., Dong Ha Township, Quang Tri, Vietnam
Tel: (84-53) 852017
|Vietnam Bank for Investment and Development, Quang Tri branch
Address: 24 Hung Vuong, Dong Ha City, Quang Tri Province
Tel: 0533 853 741 – 3850 150 – 3623 623
Fax: 0533 851 541
Email: [email protected] bidv.comvn
In term of infrastructure, Quang Tri has a favorable traffic system including roads, railway and waterway: National Road 1A, the National Railway splitting province profile in the direction of North – South, National Road 9 linking with Lao Bao International Border Gate in the direction of East – West; Cua Viet sea-port is being upgraded to accommodate 5,000 – 6,000 DWT ships. My Thuy seaport that is capable of accommodating 50,000 DWT ships is being approved by the Government and promoted strongly by the Province for investment.
|List of Financial Institutions|
|Bao Viet Insurance Company
Address : 61 Hung Vuong Street, Dong Ha City, Quang Tri province_profile
Tel: (84) 053 – 3852680
|Thai Son Insurance Company – GMIC
Address: No 39 Le Loi – Dong Ha City, Quang Tri Province
Tel: 053 3582 555
Fax: 053 3582 678
Email: [email protected]
|Type of business/industry (ies) mainly targeted|
|The province profile’s strengths are food production, long-term industrial crops:
Economic development strategies as the importance of agriculture in the regional economy decreases. Rural-based, labor-intensive industrialization will develop, accompanied by rapid growth of agro-processing industry and tourism. Currently, there are some industrial zones stating agro-processing industry as priority for investment.
|The value of industrial production increased 26.84% annually in the period of 2005-2009.|
Facilities for Industry development:
|The south-east ocean economic zone combined with My Thuy seaport is being planed.|
The following strategic issues related to business opportunities are:
|No.||Project||Invested Capital (Millions Dollar)||Scope|
|1||Fish meal processing project||1.00||Industry|
|2||Civil and industrial plastic manufacturing project||2.86||Industry|
|3||Domestic animal feed processing project||3.93||Industry|
|4||Lamp, decorative light, electric wire and civil electric devices manufacturing project||1.68||Industry|
|5||High-grade stone, ceramic manufacturing plant||10||Industry|
|6||High quality electronics manufacturing & assembling||50||Industry|
|7||Gas tank manufacturing & gas charging project||2.81||Industry|
|8||Interior furniture manufacturing project for domestic market and export||2.81||Industry|
|9||Light lorry assembling plant||20||Industry|
|10||Ashlars paving stone and glass plant||20.0||Industry|
|11||Rubber product producing project (tire, tube, sole…)||20.0||Industry|
|12||Gypsum interior decoration material manufacturing plant||5.0||Industry|
|13||Export garment projects||20.0||Industry|
|14||Shipbuilding and repairing project||50.0||Industry|
|15||Car and motorbike spare-parts manufacturing project||20.0||Industry|
|16||Rubbish collection and treatment plant||5||Industry|
|17||Northern Central region coal-powered thermo-electricity center||2,400||Industry|
|18||Wind-generated electricity complex||6,000||Industry|
|19||Gas powered thermo-electricity plant||1,500||Industry|
|20||Construction glass manufacturing plant||4||Industry|
|21||Export shoe producing projects||2||Industry|
|22||Lao Bao, Dong Ha high-grade trading and office buildings||23||Commercials|
|23||Public service and finance consultancy center||3||Commercials|
|24||Dong Ha, Lao Bao, Cua Viet – Cua Tung 4-5 star hotels||35.0||Commercials|
|25||Dong Ha fair, workshop and exhibition center||20||Commercials|
|26||Lao Bao fair, workshop and exhibition center||20||Commercials|
|27||Con Co island tourist establishment||100||Tourism|
|28||Khe Gio ecological tourist area||20||Tourism|
|29||Ru Linh primeval forest ecological tourist area||20||Tourism|
|30||Coastal ecological service-tourist establishments||300||Tourism|
|31||Lang Cat, Spa village tourist infrastructure construction project||7||Tourism|
|32||Vay village tourist – service project||5,0-7,0||Tourism|
|33||Khe Sanh – Tan Do ecological tourist area project||5||Tourism|
|34||Dakong hot spring ecological tourist area||10.0||Tourism|
|35||Ai Tu lake ecological tourist area||15.0||Tourism|
|36||Tram Tra Loc ecological tourist establishment||100.0||Tourism|
|37||Cua Viet – Con Co Island service-tourist route development||5.0||Tourism|
|38||O o waterfall ecological tourist area||5.0||Tourism|
|39||Trieu Lang ecological tourist area||20.0||Tourism|
|40||Rao Quan irrigation-hydroelectric ecological tourist area||20.0||Tourism|
|41||Domestic animal breeding and meat processing||5||Agro-products|
|42||Fruit – vegetable planting and processing project||5||Agro-products|
|43||Green projects along NR No.9||5||Agro-products|
|44||Rubber tree development project||15||Agro-products|
|45||Export coffee processing plant||10.0||Agro-products|
|46||Export aquaculture and seafood processing project||10||Agro-products|
|47||Forest planting and wood processing plant construction project||20.0||Agro-products|
|48||Quan Ngang IP infrastructure construction project||7.3||Infrastructure|
|49||Con Co Island water supply for trading and living activities||5||Infrastructure|
|50||La Lay national border infrastructure construction||15||Infrastructure|
|51||Constructing apartment buildings and tenements for rent||8,0||Infrastructure|
|52||Depots and Container field||2.0||Infrastructure|
|53||Dong Nam – Quang Tri EZ infrastructure construction and trading – phase I||1.500-1.800||Infrastructure|
|54||Bac Ho Xa IP infrastrucutre construction and trading||8.0||Infrastructure|
|55||My Thuy deep sea-port construction||10.0||Infrastructure|
|56||Lao Bao township general vocational training school||5,0-7,0||Infrastructure|
|57||Lao Bao SECA infrastrucutre construction and trading – phase II||20.0||Infrastructure|
|58||Lao Bao SECA infrastrucutre construction and trading – phase II||20.0||Infrastructure|
|List of Logistic Provider|
| Quang Tri Transportation Joint Stock Company
Address: 49 Ly Thuong Kiet, Dong Ha city, Quang Tri province_profile
Tel: (+84) 053 3564089
Fax: (+84)053 3560758
Mobil: (+84)0983036345 PKD.Trần Thanh Tùng
E-mail: [email protected]
| Quang Tri Trading single member Limited Company
Address: 01 Phan Bội Châu, TP Đông Hà, Tỉnh Quảng Trị
Tel: (+84) 53 3853 031 – 53 2211 064
Fax: (+84) 53 3852 695
Email: [email protected]
There are three sectors which are vital for the province profile of Quang Tri province profile (i) Agro, fishery and forestry (2) Industry and construction and (3) Services. The individual contributions of each one of these sectors are listed below:
Being a gateway of the East West Economic Corridor to Vietnam, with beautiful landscapes and a long history of over 700 years, particularly the special revolutionary war relics, Quang Tri has a great advantage of developing various types of tours, 3 of which have remarkable ones, including the historical – cultural tour, the eco-tour, and the transit tour through the East West Economic Corridor.
|List of R & D Institutions|
|Mekong Sub-region Cultural Research Center
Contact number: +84 53 2470666
Address: Higher education school
|Quang Tri Science and technology
Contact number: +84 53.3550382
Address: 204 Hung Vuong, Dong Ha, Quang Tri
|Quang Tri seeds and livestock center
Contact number: +84 53.3850091
Address: Ly Thuong Kiet, Dong Ha, Quang Tri
Quang Tri is situated on important transportation routes, such as: the National road 1A, the Ho Chi Minh Road, the North-South railway and the waterway. Especially, there is highway No.9 situated on the East – West Economic Corridor (EWEC) pertaining to the Great Mekong Sub-region (GMS) that is most ideal trans-Asia route linking Myanmar, the Northeast of Thailand and Laos with Central provinces of Vietnam via Lao Bao international border gate The favorable location and the rich of natural resources and minerals are offering great advantages and prospects for the province profile to develop all fields of the provincial social economic foundation to keep pace with neighboring provinces and countries in the Southeast Asia and all over the world in the context of integration trend.
Especially, in the last few years, Vietnamese Government has paid much attention to Quang Tri by issuing some new policies for its development, such as: establishing Lao Bao Special Economic – Commercial Area with the highest investment incentives according to current provisions of Vietnamese Laws and the international treaties signed or participated by Vietnam; conducting for setting up groups of industrial zones in Northern of Cua Viet, Southern of Dong Ha; allowing Quang Tri to make expanding urbanization plan, in which emphasis is stressed on the development of Dong Ha to be a level III city in 2007 and Lao Bao Special Economic – Commercial Area to be upgraded to a level IV city in 2010. Besides, Quang Tri province profile had issued some investment preferential policies to create favorable investment environment and to attract the domestic and overseas investors. Together with preferential policies, Quang Tri had also promulgated some orientation policies on promotion development for the sand edge of sea, the far remote regions in the West of the province profile, the tourism sector. Furthermore, Quang Tri people with their characteristics of working hard are trying all their best to make contribution to the build and develop homeland country.
The entire mentioned above are creating favorable conditions and good opportunities for the investors to cooperate to invest in Quang Tri province_profile. Quang Tri is ready to open its doors to Welcome all entrepreneurs and investors domestically and abroad