Currently hosting two India-invested projects capitalising at 20 million USD, northern Hoa Binh province is working to lure more investors from the South Asian country to a wide range of its industries, in particular the processing, the field that has so far drawn much interest from Indian businesses.
The province has recently coordinated with the Indian Embassy in Vietnam and the Vietnam Chamber of Commerce and Industry to organise a seminar to introduce its potentials to representatives of the Indian Businesspeople Association in Vietnam.
Hoa Binh now boasts eight industrial zones with a total land area of about 1,620 hectares where infrastructural facilities are available for plants’ operation.
Apart from the processing industry, the locality has strongly encouraged investments in support industry and tourism.
It has offered a corporate tax rate of 10-20 percent for investors during the time their projects are underway together with other land use and tax incentives.
At the event, the Indian representatives briefed Hoa Binh authorities and businesspeople on their country’s customs formalities and import-export policies.
India is one of the markets holding great potential to Vietnam.
Vietnam mainly exports cell phones, electronic components, coal, chemicals and peppers to India , while importing cattle feed, pharmaceutical products and machinery from the country.
India now has 69 investment projects in Vietnam with a registered capital of 252 million USD, focusing on the processing industry.-VNA
The province has recently coordinated with the Indian Embassy in Vietnam and the Vietnam Chamber of Commerce and Industry to organise a seminar to introduce its potentials to representatives of the Indian Businesspeople Association in Vietnam.
Hoa Binh now boasts eight industrial zones with a total land area of about 1,620 hectares where infrastructural facilities are available for plants’ operation.
Apart from the processing industry, the locality has strongly encouraged investments in support industry and tourism.
It has offered a corporate tax rate of 10-20 percent for investors during the time their projects are underway together with other land use and tax incentives.
At the event, the Indian representatives briefed Hoa Binh authorities and businesspeople on their country’s customs formalities and import-export policies.
India is one of the markets holding great potential to Vietnam.
Vietnam mainly exports cell phones, electronic components, coal, chemicals and peppers to India , while importing cattle feed, pharmaceutical products and machinery from the country.
India now has 69 investment projects in Vietnam with a registered capital of 252 million USD, focusing on the processing industry.-VNA
