Capella Quang Nam Joint Stock Company, a subsidiary of Capella Land JSC, began the construction of Tam Thang 2 Industrial Park in the central province of Quang Nam on Sunday.

The park, which has an investment capital of VND350 billion (US$15.4 million), is expected to be ready in two years.

The project is located in Quang Nam Province’s Thang Binh District and is expected to cater to the rising land-lease demand in the province’s industrial zones.

The project will be built over 103ha in Chu Lai Open Economic Zone (EZ), and is located favourably, only 65km from Da Nang City, 35km from Chu Lai International Airport and a mere 6km from Tam Ky City.

In addition, the park is easily connected to airports, seaports and urban centres through strategic transport routes such as National Highway 1A, Da Nang-Quang Ngai expressway and the coastal road.

Companies investing in Tam Thang 2 Industrial Park will enjoy tax incentives under the Government’s preferential policy for the economic zone.

Notably, they will be exempt from corporate income tax for four years and will enjoy 50 per cent reduction for the next nine years. Then, a tax rate of 10 per cent will be applied for 15 years. Besides, there will be a 50 per cent reduction in personal income tax for experts, officials and employees working in companies in the industrial zone.

The investor has committed towards accelerating investment for infrastructure construction in the first phase, which has a scale of 30ha, to meet the demand for land leasing from the clients. — VNS