The southern province of Dong Nai has decided to offer special support to small and medium-sized foreign-invested projects in the locality, a provincial senior official has said.
Phan Thi My Thanh, Vice Chairwoman of the Dong Nai provincial People’s Committee, said new foreign-invested projects valued at less than 100 billion VND (4.7 million USD) with fewer than 300 employees will receive support in administrative procedures and fees.
They will be financially assisted in finalising documents for investment licences, registering their seals and tax codes and completing environmental impact reports, she said.
The programme, with an estimated budget of 1.9 billion VND (89,300 USD), will run for two years. As many as 70 enterprises will benefit, said Thanh.
The move, with the purpose of attracting more FDI in the SME sector, targets investors who may have previously been put off by the difficulties in accessing local administrative bodies and overcoming the language barrier, she added.-VNA
Phan Thi My Thanh, Vice Chairwoman of the Dong Nai provincial People’s Committee, said new foreign-invested projects valued at less than 100 billion VND (4.7 million USD) with fewer than 300 employees will receive support in administrative procedures and fees.
They will be financially assisted in finalising documents for investment licences, registering their seals and tax codes and completing environmental impact reports, she said.
The programme, with an estimated budget of 1.9 billion VND (89,300 USD), will run for two years. As many as 70 enterprises will benefit, said Thanh.
The move, with the purpose of attracting more FDI in the SME sector, targets investors who may have previously been put off by the difficulties in accessing local administrative bodies and overcoming the language barrier, she added.-VNA
