Post date: 25/08/2021

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Some preferential policies and investment support in the province

SOME PREFERENTIAL POLICIES AND INVESTMENT SUPPORT IN THE PROVINCE

(According to Resolution No.19/2017/NQ-HDND dated July 18th, 2017 of the Provincial People’s Council promulgating regulations on some preferential policies and investment support in the province)

I. TAX INCENTIVES AND LAND INCENTIVES

Enterprises are entitled to the highest incentives for each type of investment preference according to the current provisions of law.

II. SUPPORTING FOR CLEARANCE

Investment projects using land in Quang Binh and not yet cleared are eligibile for financial support of up to 2% of total investment capital (excluding compensation and land clearance cost) but not exceeding:

Amount of support (in VND)

Total investment capital (in VND)

0.5 billion

10 to 30 billion

01 billion

30 to 50 billion

02 billion

over 50 to 200 billion

03 billion

over 200 to 300 billion

04 billion

over 300 to 500 billion

05 billion

over 500 billion

III. SUPPORTING FOR LABOR FORCE TRAINING

Support 50% of training costs. Support for 01 time/01 project and support value will not exceed 500 million VND / project.

- Projects that regularly employ more than 200 local laborers will receive: VND1.5 million/person/course for unskilled laborers; VND 01 million/worker who ought to be retrained.

- Projects that often use 100 ÷ 200 local laborers will receive: 01 million VND / person / course for unskilled laborers; VND 0.5 million per worker who ought to be retrained.

IV. SUPPORT FOR CONSTRUCTION OF TECHNICAL INFRASTRUCTURE OUTSIDE THE FENCE OF THE PROJECT AREA

Support up to 50% the pre-tax value of road construction outside the project area, but not exceeding:

Amount of support (in VND)

Total investment capital (in VND)

02 billion

10-30 billion

05 billion

30 to less than 50 billion

02 billion

50 billion or more

Supporting up to 50% the pre-tax value for electricity lines, water supply and drainage systems to the project fence, but not exceeding:

Amount of support (in VND)

Total investment capital (in VND)

0,3 billion

10 to less than 30 billion

0,5 billion

30 to less than 50 billion

1,0 billion

50 billion or more

 

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