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Targeted
programs and the list of priority investment projects: |
INVESTMENT PRIORITY POLICIES
In
order to bring into about significant changes of economic structure
together with investment emphasis with a view to exploiting
potentials and advantages, and improving competitiveness and
economic economic efficiency, Ninh Thuan plans to expand and raise
investment cooperation efficiency so as to create favorable
conditions for meeting the objectives of export expansion, external
capital mobilization and technology attraction. Apart from
investment priorities in line with the State’s current regulations,
Ninh Thuan also gives its own priorities to domestic and foreign
investors.
For foreign direct
investment (FDI)
Ninh Thuan confirms the
long-term and stable implementation of FDI priority policies through
issuing its regulations on foreign investment priorities. In
addition to general priorities given by the Government, foreign
investment projects in the province will enjoy supplementary
priorities as governed by provincial regulations. In order to
facilitate investors to select projects and sub-sectors/trades for
investment, the province has issued the following documents:
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The list of investment encouragement projects consisting of 10
sub-sector groups, of which projects for agricultural, forestry and
aqua-cultural product processing, production and processing for
export, and the use of many domestic raw materials and local workers
are encouraged.
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Special investment encouragement projects, including those for
aquaculture and agricultural, forestry and aqua-cultural products
production linked with processing for export; hi-tech project; and
investment projects in locations of being perticularly encouraged
for investment./.
For local investment
Continue to amend,
supplement and finalize regulations on investment priority policies
and mechanisms.
- As
for land: In the light of the approved land use plans, continue to
hand over land on stable and long-term basis to households and
businesses that are in need of using land for developing farm
economy, and growing meadows and industrial plants. Encourage
investment projects for reclamation for afforestation and
agriculture.
- As for
taxes, levies and premise clearance compensation : All investment
projects for production, business and services in Ninh Thuan are
provided support in terms of premise clearance compensation. The
particularly encouraged investment projects can be provided with
full support. Tax applied to projects belongs to the lowest tax
level.
- As for
financial and credit policies : The encouraged and particularly
encouraged investment projects are given priorities on enterprise
revenue tax and credit support. Special encouraged investment
projects will be support on the bank interest for the loan, on the
expenses for project formulation when the project is implemented.
- As for
employment policies : Provide support for vocational training for
labor-intensive projects. Give support to training, retraining and
upgrading the capacities of businesses managers/directors.
For infrastructure construction investment in form of capital
advance
In order to encourage investors to
invest into the construction of planned targeted socio-economic
infrastructure works with total construction costs of three billion
dong upwards, the province clearly states the payment period that
investors have to follow. ( Beyond that period investors have to pay
interest equivalent to bank deposits interest). Specifically :
- 24 months for VND 3-5 billion works.
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36 months for VND 5-10 billion works.
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42 months for VND 10-15 billion works.
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48 months for VND 15-20 billion works.
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60 months for VND 20 billion upwards works.
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