Quang Ninh offers attractive support to IP, EZ investors

Investors will be eligible for attractive preferential policies when investing in industrial parks (IP) and economic zones (EZ) in the northern coastal province of Quang Ninh from October 10, according to the provincial People’s Committee.

The policies are part of the locality’s efforts to attract more investments in constructing infrastructure systems as well as secondary projects in local IPs and EZs.

Accordingly, investors building IPs and EZs will enjoy preferential 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 percent of expenditures for compensation and ground clearance and financial aid worth 30 percent of construction costs for wastewater treatment systems at the maximum of 30 billion VND (1.33 million USD).

Secondary investors in IPs and EZs will receive assistance in vocational training costs and 50 percent of space rent or travel fees when joining national and international trade fairs and conferences.

In addition, the province will help those investors in technological transfer and advertisement costs on local websites.

Specifically, the province will prioritise projects in constructing roads 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.

With a total area of over 12,200 square kilometres, including an 11.8-kilometre shared border with China and over 6,100 square kilometres of sea area, Quang Ninh is currently home to 11 IPs and two EZs.-VNA