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| Workers arrange bricks at a factory in Quang Ninh. The province is offering investors preferential policies for investments in industrial parks and economic zones. — Photo quangninh.gov.vn |
QUANG NINH (Biz Hub) — The northern coastal province of Quang Ninh is offering investors preferential policies when investing in industrial parks (IP) and economic zones (EZ) from October 10, according to the provincial People's Committee.
The policies are part of the locality's efforts to attract more investments in infrastructure construction as well as secondary projects in local IPs and EZs.
Investors building IPs and EZs will enjoy lower land rent and be allocated additional land to construct resettlement areas, houses for workers and residential areas.
They will also be supported through an advance from the State budget equivalent to 30 per cent of expenditures for compensation and ground clearance and financial aid worth 30 per cent of construction costs for wastewater treatment systems at a maximum of VND30 billion (US$1.33 million).
Secondary investors in IPs and EZs will receive assistance in vocational training costs and 50 per cent of space rent or travel fees when joining national and international trade fairs and conferences.
The province will also help investors in technological transfer and advertisement costs on local websites.
The province will prioritise road construction projects in the IPs and EZs, power and water supplies, drainage systems, solid waste and wastewater treatment areas, vocational training and healthcare facilities, schools as well as other public works serving IP and EZ development. — VNS