Quang Ninh woos investment in EZs, IPs with incentivesWednesday, May 15,2019
AsemconnectVietnam - The northern coastal province of Quang Ninh is offering various incentives and preferential mechanisms to encourage investors to invest in economic zones (EZs), industrial parks (IPs) and border economic zones (BEZs) in the province.
In particular, the province shares 30 percent of the land clearance costs immediately after an investor submits an investment plan. As a result, land clearance work at local IPs is going on smoothly. Some examples are the Viet Hung IP with 124 out of the total 151 ha of land already cleared, the Hai Yen IP with 85 out of 182 ha of land and the Texhong IP with 300 out of 660 ha of land cleared.
For secondary investors in IPs, the province promises support in workers’ training, trade promotion, technology transfer and cost in publishing announcements on firms’ establishment and product advertisements on the province’s portal and the IP management board’s website.
At present Quang Ninh has 11 IPs, 1 coastal EZ (Van Don) and three planned BEZs, which are located in 11 districts, towns and cities. They cover a total area of more than 368,000 ha, or 30.2 percent of the province’s area.
In the first five months of this year, nearly 3 trillion VND (128.2 million USD) was poured into EZs and IPs in Quang Ninh, including 27.87 million USD of foreign investment.
Meanwhile, the three BEZs - Mong Cai, Bac Phong Sinh and Hoanh Mo-Dong Van – have attracted 95 investment projects, including 17 foreign invested ones capitalized at nearly 298 million USD. The remaining are run by domestic investors with total investment of nearly 10.2 trillion VND (430 million USD).
Cashew exports to China surge in April, but overall figures poor
Steel imports from China go up
Vietnam’s trade deficit hits US$1 billion by mid-May
Auto sales down despite of strong discounts
Viet Nam coffee exports plummet on global headwinds
Internal, external factors challenge Vietnam’s coffee exports
Green dominates, boosting VN-Index to over 980 points
Vietnam-Russia economic, trade relations continue to thrive
Petroleum trade revenue in first four months of 2019
State budget balance in first four months of 2019 saw surplus
Vietnam stays attractive to foreign investors amid trade war: economist
Industry 4.0 could boost Vietnam’s GDP by up to 16 percent
Vietnamese firms move to foster apparel exports to Canada
Export of aquatic products forecast to grow 8 percent in Q2