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NORTH-WEST METROPOLITAN
| The North-West Metropolitan Area would be a regional center, a modern ecological metropolitan area with the harmony of urban and social infrastructures, ensure a good environment for residents. |
Investor NORTH-WEST METROPOLITAN AREA AUTHORITY OF HO CHI MINH CITY 86 LE THANH TON ST. , DISTRICT 1, HCMC TEL: (84.8) 8299330; 8249109; 8228223 Fax: (84-8) 8249108 – E-Mail: bql-taybac@vnn.vn Objectives The North-West Metropolitan Area of HochiMinh City is formed in an agricultural land in the surburb of Ho Chi Minh City. Building and developing the North-West Metropolitan Area is expected to convert the economic structure from agricultural-based to services-based economic, promote the economic growth of the City and neighbouring regions. The North-West Metropolitan Area would be a regional center, a modern ecological metropolitan area with the harmony of urban and social infrastructures, ensure a good environment for residents. Curent Status Residental status: Currently, the Area consists of some 30,000 inhabitants with about 5,900 houses. Population density is 5 persons/ha, mainly distributed along the trans-Asia highway and provincial route No. 8. Land utilization status : + industry and handicraft land 0.69% + Public works land 0.16% + Land tenure 24.17% + Commucation land 0.90% + Cemetery land 0.17% + Agricultural, fallow land 73.91% Location North-West Metropolitan Area is in the north-west gateway of HCMC, 30 km away from the City center. Its area is 6,000ha with the width of 3-5 km, stretching some 18 km in length adjoining: - Trans-Asia highway in the East. - Long An province in the west. - An-Ha canal in the south; and - Canal No. 14 and the boundary of Phuoc Hiep Commune, Cu chi Dist. in the North. Planning task North-West Metropolitan Area includes: The centres of service, commerce, health, culture, education and training, sports and physical training.… with an enormous ability to give employment, fast economic growth rate through the development of public services and trade. Basing on economic- social factors, North-West Metropolitan Area is planned as 6,000 ha with the expected population of 300,000, including: - Industrial park: with some 70,000 laborers. - Services and commerce field with some 130,000 official jobs. - Public works, domestic and international education - training fields are expected to attract some 60,000 laborers. Structure of land utilization Urban construction land-use to be 6,000 ha (100%), in which: + For civil use 2,300 ha (38.5%) + Industrial land 550 ha(9.2%) + Warehouses 200 ha(3.3%) + For external communication 250 ha(4.2%) + Public central land of the area 500 ha(8.3%) (in which 200 ha for Service, trade, health, culture, sports and training, entertainment including health, culture ) + Vocational training land 300 ha(5%) + Ditches, canals and regulatory lakes: 600 ha(10%) + Verdure system 1,300 ha(21.5%) Investment incentives - Land rental exemption granted to: i/ technical and social infrastructure building projects to be handed over to the Government or of non – profitable character; ii/ housing projects for low income people (Decree 02/2006/ND-CP dated 05/01/2006 ). - Land rental exemption granted to: education, healthcare, culture, sport, science – technology projects for large public usage (Decree 142/2005/ND-CP dated 14/11/2005 ). - Corporate Income Tax: 20% or 28% - Tax holiday and tax reduction periods from 2 to 7 years depending on specific projects. (Decree 164/2004/ND-CP đated 22/12/2003 ) |