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Investments - Projects Monday, 02/10/2014, 14:55

Investment support policies

1.  Project investment support in industrial zone, industrial complex, economic zone, processing zone and high-technology area

1.1. For investment projects in industrial zones, industrial complexes, economic zones, high- technology area, the province shall support for investment of technology area, the province shall support for investment of technical infrastructure works on traffic, power supply, water supply, communication until the foot of the project; maximum support level doesn’t exceed total land use fees or land rental to be paid by enterprises to the State. Investment capital part exceeding amounts paid by investors (if away), contributed by investors for investment.

1.2. For enterprises with investment in construction and business in technical infrastructure at industrial zones, industrial complexes in the provincial area, they shall be entitled incentive policies, investment incentive investment fields and investment area.

1.3. Investors implementing projects for investment, business in infrastructure structure of industrial zones, industrial complexes for sale or for lease.

a. To construct workshops, offices, warehouse in the industrial zones, industrial complexes for sale or for lease;

b. To price land lease, re-lease, price of land constructed with technical infrastructure structure; use fees norms of technical infrastructure works and other service works in the industrial zones, industrial complexes; to price lease price, selling price of workshops, offices, warehouses and service fees norms;

c. To collect use fees of infrastructure works, service works and public utilities in the industrial zones, industrial complexes in accordance with regulations of the Ministry of Finance;

d. To transfer domestic economic institutions, private households of land use rights, land lease, land re-lease; to let overseas Vietnamese, foreign organizations, individuals to lease land of investors for construction and business in infrastructure of industrial zones allocated by the State with land with collection of land use fees.

To let economic institutions, private households, overseas Vietnamese foreign organizations, individuals to lease land of investors for construction and business in infrastructure of industrial zones leased by the State.

2. Support to investment in infrastructure construction for projects out of industrial zones, industrial complexes, processing zones, tradition trade village economic areas

2.1. For important projects, containing motivation in contribution of hastening economic transformation, potentiality, strength of the province shall consider investment in technical infrastructure on traffic, power supply, water supply ( if there is concentrated water supply system). Communication to the project’s site.

 (The provincial People’s Committee shall promulgate lists of important projects, containing, labor use, nature of projects)

2.2. Projects not complying with conditions as stated in this section 2.1, investors shall self-contribute investment capitals of infrastructure connecting to the projects.

3.   Support to investors on plan for project implementation

For projects under case with land withdraw by the State in accordance with regulations of the law: The province shall steer functional agencies, organizations to carry out compensation, land clearance of the whole land area for project implementation to hand over to investors on schedules agreed between investors with agencies appointed by the provincial People’s Committee as clue for support to investors.

For cases investors self-agree with land users (not belong to case with land withdraw by the State) then People’s Committees of provincial, district, city level in functional, duties scope, has responsibilities for:

a. Steering  provision of documents, policies law, land dossiers relating to agreed land areas;

b. Presiding agreement between investors and land users if requested by either party or stakeholders;

c. Steering implementation of procedures on land transfer, lease, and capital contribution by land use rights.

4.  Compensation, support and resettlement when the State withdraws land for land allocation and lease for investment projects not under industrial zones, industrial complexes

 Investors when having demands on land use for project implementation for the purpose of economic development but investment out of the industrial zone shall be considered, withdrawn the provincial People’s Committee with land to allocate or lease land in following cases.

a. Implementing investment projects with Official Development Assistance (ODA);

b. Implementing projects with one hundred percentages (100%) of foreign investment capital approved or permitted by authorized State agencies for investment in which such projects couldn’t invest in industrial zones, industrial complexes.

For cases in which the State withdraws land for project implementation: implemented in accordance with regulations as stated in Decree No. 84/2007/ND-CP dated  25/5/2007 of the Government.

Oder, procedures of land withdrawal, allocation, lease, compensation and resettlement: implemented in accordance with regulations as stated in Decree No. 69/2009/ND-CP dated 13/8/2009 of the Government.

5.  Support to vocational training

For newly established projects under specified investment incentive fields, lists, areas, to attract many trained skilled laborers: if employers have recruitment and vocational training plans for laborers have recruitment and vocational training plans for laborers having permanent households in Bac Lieu province, they shall be considered, supported vocational training costs upon the following criteria and levels:

5.1. Training support costs:

a. Training time: course from 01 months;

b. Trained trades including: service trades for investment projects in Bac Lieu province area;

c. Maximum training laborers numbers don’t exceed 50% total direct laborers/ enterprises and each laborer is only trained once during his/her work in enterprise. This is only applicable to enterprises with 100 laborers and above;

d. Plans, contents of specific expenditures and vocational training demands at the request of enterprises, shall be appraised by the Department of Labor, Invalids and Social Affairs and submitted to the provincial People’s Committee for approval;

e. Expenditures for annual vocational training support shall be allocated to vocational training centers of the province or of the city and districts for management, implementation on the basis of estimate prepared by the Department of Labor, Invalids and Social Affairs, appraised by the Department of Finance, submitted to the provincial People’s Committee for consideration and decision.

5.2. Expenditures for training support:

a. Training time from 01 month to 06 months shall be supported with level no more than 10,000 VND/day/person;

b. Remaining (if any) training expenditure shall be self-balanced and paid by enterprises having trained laborers to training centers of the province or of the province or of districts, towns;

c. Support level as specified at point a of this clause shall be adjusted when there is change in regime, policy of the State.

6.  Support to information advertising costs

6.1. Support to advertising costs: within 03 years, since from investment projects under incentive investment portfolio in Bac Lieu province put into operation, domestic and foreign enterprises having investment in Bac Lieu province area supported 50% new product advertising costs under Ordinance on Advertisement is Bac Lieu newspapers and Broadcasting and Television Station of Bac Lieu province. Maximum support level doesn’t exceed 06 times/year. Support level shall be adjusted when there is change in regime, policy of the State.

6.2. Enterprises having investment projects newly put into operation, participating in new product advertising on the electronic portal commercial transaction floors of the province shall be supported as follows:

a. Exempted 100% advertising costs for the first year;

b. Reduced 50% advertising costs for the second year. Support time is not excessive 2 years.

Information support: The provincial People’s Committee shall be steer functional agencies, units to provide information on market, scientific- technical, technological information and other economic, social information requested by investors under authority of province.

7.  Support to trade promotion

Enterprises having production, business in accordance with regulations of the law shall be supported trade promotion in accordance with current regulations of the Government; if enterprises selected by the provincial People’s Committee to participate in overseas exhibition fair shall be supported 50% air ticket costs; 50% counter lease costs and goods transport costs for exhibition fair participation.

Enterprises participating in domestic fairs shall be supported by the province with 50% counter lease costs and goods transport costs for exhibition.

Objects selected by the province to participate in domestic investment, trade and tourism promotion groups upon each special subjects, shall be supported by the province with the whole costs.

The provincial Investment, Trade and Tourism Promotion Center is a clue agency to receive registration on participation of enterprises expenditures of submit the provincial People’s Committee for approval.

Source: Center of Investment, Trade and Tourism


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