Investment promotion conference scheduled on 5/8 in Nam Dinh, Thai Binh
This is announced at a press briefing on July 30, held by the Vietnam Chamber of Commerce and Industry (VCCI) in co-ordination with the Central Enterprises Bloc and the people’s committees of Nam Dinh and Thai Binh provinces.
According to VCCI Chairman Vu Tien Loc, this is the first conference on investment promotion in the country in the post - economic recession period in Asia as well as in the world as a whole. So, the conference aims to take one step ahead of an ‘investment wave’ from enterprises at home and abroad.
He said that the conference would have a participation of around 500 delegates representing some foreign embassies in Vietnam whose countries have had good investment ties with Vietnam and several international organisations such as the World Bank and the Asian Development Bank, and ministries and branches, provinces and cities which are able to co-operate and help Nam Dinh and Thai Binh provinces, as well as investors, economic groups, associations and enterprises operating in the two provinces.
There will also be many other sideline activities during the conference such as the meetings among enterprises so that they can exchange information on co-operation and investment, the field trips to industrial parks and potential economic areas of the two provinces, he added.
In response to a question about whether there is still any more competition between Nam Dinh and Thai Binh provinces when both provinces together hold a conference on investment promotion, Mr. Loc stressed that what investors take special interest in now is the linkage with enterprises in neighbouring provinces in each region so that input and output are available for their business and production activities.
They also pay much attention to supporting industries. So, when they examine a investment prospect, they will take a general outlook in the whole area or a group of provinces into consideration. Therefore, if any investor pours money into Thai Binh province, Nam Dinh province will also benefit from it and vice versa.
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Incentives given by Nam Dinh to investors Incentives in land and water surface rents - Land and water surface rents during the construction under the project approved by a competent authority shall be exempted in the event the project has many items or independent construction periods, exemption of land rents shall be considered for each separate item or each independent construction period; in the event it is impossible to calculate each separate item or each independent construction period, the construction time shall be calculated in accordance with the item with the largest capital proportion. - Exemption of land and water surface rents shall start right from the date the construction is completed.and the project is put into operation, specifically:
Incentives in business income tax (In accordance with the stipulations of the Vietnamese Government) Other incentives
(Source: The People’s Committee of Nam Dinh province) |
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Incentives given by Thai Binh to investors
(Source: The People’s Committee of Nam Dinh province) |
