Some new policies to support investment in Nghe An
(Baonghean.vn) - Nghe An Provincial People's Committee submitted to the Provincial People's Council for approval a Resolution onProposal to promulgate regulations on a number of investment support policiesin the province
This Resolution stipulates a number of investment support policies for domestic and foreign investors with investment projects, including expansion investment projects, in Nghe An province.
Download some policies to support domestic and foreign investors in Nghe An
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| Investment projects in Nghe An enjoy preferential policies to speed up progress. |
Accordingly, investors are supported by the provincial budget with 50% of the cost of carrying out investment procedures in the investment preparation step according to the contract, invoice, and valid documents, but not exceeding 200 million VND/project from the time the project is completed and put into operation; supported with 50% of the cost of site clearance, but not exceeding 30 billion VND/project. For investment projects on construction and business of infrastructure of Industrial Parks and High-tech Parks in the Southeast Economic Zone, the State Budget will support all costs of compensation and site clearance.
Support infrastructure construction, advertising, image promotion on provincial media; Support labor training for programs and projects.
Every year, Nghe An province will consider rewarding organizations and individuals with achievements in attracting investment. Organizations and individuals (not on the payroll of state management agencies in the province) who have contributed to mobilizing and calling for foreign investment projects in Nghe An province, after the project goes into construction, will receive investment promotion support from the province up to 7 billion VND.
The draft Resolution submitted by the Provincial People's Committee also states the following conditions: During the implementation of the investment project, if the investor does not meet the investment support conditions as prescribed or does not properly fulfill the environmental protection commitment or the commitment to the province (if any), he/she will not be entitled to investment support policies or must return the investment support funds he/she has received.
To encourage attracting investment projects in the province, the Provincial People's Council previously issued Resolutions No. 182/2007/NQ-HDND dated July 25, 2007 on a number of preferential policies and investment support in Nghe An province, No. 262/2009/NQ-HDND dated July 23, 2009 on amending and supplementing a number of articles of the Regulations on a number of preferential policies and investment support in Nghe An province issued together with Resolution No. 182/2007/NQ-HDND dated July 25, 2007 and No. 304/2009/NQ-HDND dated December 23, 2009 on a number of preferential policies for investment in the Southeast Economic Zone, Nghe An province. In recent times, these policies have been effective, the number and scale of projects have increased over the years, contributing to promoting socio-economic development and economic restructuring. However, currently, the 2014 Investment Law and Decree No. 118/2015/ND-CP dated November 12, 2015 of the Government detailing the implementation of a number of articles of the Investment Law have replaced the 2005 Investment Law and Decree No. 108/2006/ND-CP dated September 22, 2006 of the Government. Accordingly, a number of contents stipulated in the above Resolutions need to be updated, supplemented and adjusted to comply with the new regulations. |
Nguyen Son
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