List of Preferential Policies and Supports for Investment

Monday - 23/09/2019 21:12
The investors running projects in Quang Tri province are entitled to preferences and supports for investment and implement the fnancial obligations to local authorities according to the regulations by the Law; at the same time, they are entitled to preferences and supports for investment according to the Decision No.39/2016/QD-UBND dated 21/9/2016 by the Quang Tri People’s Committee on Regulations of preferential policies and support for investment in Quang Tri province, as the following details:
Preferential policies for investment by Quang Tri province
1.1. Subjects of application
- The domestic and foreign investors are running the investment operation in Quang Tri province.
- Organizations, individuals involved in investment activities. Hereinafter is refered to as “investors”
1.2. List of supported projects for investment.
- Investment projects in the areas and geographical areas eligible for investment incentives according to the provisions in Appendices I and II issued together with the Decree No. 118/2015 /ND-CP dated November 12, 2015 of the Government.
- Investment projects with the capital of VND 6,000 billion or more shall be disbursed at least VND 6,000 billion within 03 years from the date of issuance of the investment registration certifcate or from the date of issuance of the investment decision. 
The investment in the project is not subject to the procedures for the issuance of an investment registration certifcate;
- Investment projects in rural areas employ 500 or more workers (excluding part-time workers and laborers under 12 months of labor contracts);
- High-tech enterprises, science and technology enterprises, scientifc and technological organizations according to law provisions on high technologies and legislation on science and technology;
- Investment projects in the felds of education, vocational training, health care, culture, sports and the environment (according to the Government’s Decree No. 69/2008 / ND-CP dated May 30, 2008) Encourage the socialization of activities in the felds of education,
vocational training, health care, culture, sports and the environment, Decree No. 59/2014/ND-CP dated 16 June 2014 on amendment and supplement a number of articles of Decree No. 69/2008/ND-CP).
1.3. Preferential contents and investment supports
1.3.1. Supports for technical infrastructure outside the fence of industrial zones and economic zones
- Traffc: The provincial budget supports investment 
- construction of roads from the main axis to the fence of the project but not exceeding VND 03 billion.
- Electricity, water supply and drainage to the fence of the project: The provincial budget supports the construction of transformer stations, power lines, water supply and drainage systems, but not exceeding VND 2 billion for all the above items.
1.3.2. Site clearance support
The province shall consider to partially support the site clearance expenses for projects outside industrial parks or economic zones.
Support levels are as follows:
- Not exceeding VND 100 million for projects with a total investment capital of less than VND 10 billion.
- Not exceeding VND 200 million for projects with total investment capital of less than VND 20 billion.
- Not exceeding VND 300 million for projects with a total investment capital of less than VND 30 billion.
- Not exceeding VND 400 million for projects with a total investment capital of less than VND 40 billion.
- Not exceeding VND 500 million for projects with a total investment capital of less than VND 50 billion.
- Not exceeding VND 1 billion for projects with total investment capital of from VND 50 to 100 billion.
- Not exceeding VND 2 billion for projects with total investment capital of between VND 100 billion and VND 300 billion.
- Not exceeding VND 3 billion for projects with total investment capital of over VND 300 billion.
1.3.3. Support for vocational training
Encourage investors to receive local trained workers at provincial vocational training institutions. In cases where local laborers have been approached but have not yet received training or specialized training which is not suitable to their needs and
needs training and retraining at vocational training establishments, the following funds shall be provided as follow :
- Investment projects employing from 50 laborers; or from 30 female employees; or ethnic minorities employed in Quang Tri, have labor contracts and social insurance contributions, will be provided with a one-time training fee of VND 1,000,000 / 01 laborer for primary vocational training and VND 3,000,000/01 laborer for intermediate vocational training or laborer using high technology.
1.3.4. Other supports
State management agencies of the province and localities strictly implement the commitment of the province at the conference of investment promotion and tourism promotion in 2016. At the same time, commitment to ensure the administrative procedures are resolved accurately and quickly
Preferential policies for investment of the central government
1 Geographical areas of investment incentives
- The areas with extremely difficult socio-economic conditions: Huong Hoa district, Dakrong district, Con Co island district, Lao Bao special
economic-trade area and the southeastern economic zone of Quang Tri.
- Areas with difficult socio-economic conditions: Hai Lang district, Trieu Phong district, Cam Lo district, Gio Linh district, Vinh Linh district, industrial parks: Nam Dong Ha, Quan Ngang, Tay Bac – Ho Xa.
2  Contents of investment incentives
To comply with the regulations on preferential policies and supports for investment of the Central Government in the relevant legal documents.
 

Total notes of this article: 0 in 0 rating

Click on stars to rate this article

  Reader Comments

You did not use the site, Click here to remain logged. Timeout: 60 second