Nghe An promotes investment in Ho Chi Minh City

(Baonghean.vn) - Nghe An has a favorable geographical location, abundant and high-quality human resources, maximum government support for businesses and preferential tax policies... are highlights that are highly appreciated by domestic and foreign businesses.

Delegates attending the conference. Photo: Thanh Duy.

Rich potential, many incentives

The program aims to promote the image of the investment environment in Nghe An to businesses and investors who have, are and will invest in projects in Binh Duong province and in the southern provinces, and at the same time promote investment in VSIP Nghe An Industrial, Urban and Service Park in particular and Nghe An province in general.

At the conference, Vice Chairman of the Provincial People's Committee Le Ngoc Hoa presented an introduction to the investment and business environment in Nghe An. Accordingly, Nghe An, in addition to having the largest area in the country, also has a large population of more than 3.1 million people, especially 1.9 million people, 57% of whom have received vocational training, with 15 universities and colleges; 82 vocational secondary schools.

Vice Chairman of the Provincial People's Committee Le Ngoc Hoa introduces the potential of Nghe An. Photo: Thanh Duy

In addition, Vice Chairman of the Provincial People's Committee Le Ngoc Hoa emphasized: The Southeast Economic Zone is one of 12 coastal economic zones in the country. 7km from Vinh airport, 10km from Cua Lo port, 15km from Vinh station with a total area of ​​20,776.47 hectares, including the existing area of ​​20,026.47 hectares and 750 hectares of VSIP Nghe An Industrial Park and Urban Area. Enterprises investing here enjoy the highest investment incentives of the Vietnamese Government.

The Southeast Economic Zone is determined to be built and developed into a diverse, multi-functional economic zone. This is a large, developed urban center with advanced architecture, a breakthrough location of Nghe An and an important development pole, a center of trade - industry - tourism - commerce and a large seaport of the North Central region. In the Southeast Economic Zone, in addition to existing industrial parks such as VSIP, Nam Cam, Thai investors are preparing to start construction of the WHA Hemaraj Nghe An Industrial Park project phase.

Vice Chairman of the Provincial People's Committee Le Ngoc Hoa discussed with investors. Photo: Thanh Duy

“Nghe An has established an Investment Promotion and Support Center. This is the focal point to complete necessary procedures for investors” - Vice Chairman of the Provincial People's Committee Le Ngoc Hoa emphasized to domestic and foreign enterprises and pledged that the province will actively carry out administrative reforms, strongly improve the investment and business environment; and accompany enterprises.

Investing in Nghe An is a good choice

Mr. Nguyen Chi Toan - Marketing Director of VSIP Vietnam in the South and Central regions brought investors the advantages of investing in VSIP Nghe An by making comparisons and analyses such as labor wages being among the cheapest in the country, tax incentives: 10% corporate income tax for 15 years, 4 years of tax exemption, 50% reduction in corporate income tax for 9 years, 50% reduction in personal income tax, 5 years of import tax exemption.

VSIP Nghe An has a total area of ​​750 hectares, of which 370 hectares are industrial land, 380 hectares are urban, commercial and service land; in which the industrial park is oriented to attract key industries including: textiles; leather shoe production, food and beverage, precision engineering, electricity and electronics and supporting industries.

Investors talk with VSIP Corporation's leadership representatives. Photo: Thanh Duy

“VSIP Nghe An has a favorable location, improved infrastructure; enjoys many good incentives; abundant labor with cost savings; land for rent at low prices and reasonable investment costs for customers; available and convenient services and facilities; maximum government support, professional and thoughtful services from VSIP” – Mr. Toan said, at the same time affirming that the land is ready for handover when there is an investor.

Also at the conference, Mr. David John Whitehead - Chairman of Mavin Group, an Australian enterprise that has invested in 4 projects, with a total expected investment of 80 million USD in Nghe An, expressed his satisfaction in investing in the province.

“Investing in Nghe An is a good choice for investors because the province not only has a favorable geographical location, synchronous infrastructure, large human resources, but also businesses receive effective attention and assistance from provincial leaders; enthusiastic support from administrative agencies; good quality human resources; good investment incentive and incentive structure” - Mr. David John Whitehead recommended to businesses.

Also at the conference, a representative of the leading auditing firm in Vietnam, KPMG, presented an overview of the tax industry and tax incentives for projects in Nghe An. According to the KPMG representative, tax incentives in the province are extremely competitive.

Vice Chairman of the Provincial People's Committee Le Ngoc Hoa answers questions from businesses. Photo: Thanh Duy

Present at the conference, representatives of Savills Vietnam - the world's leading real estate services provider, listed on the London Stock Exchange with an international network of more than 700 offices and member companies across the Americas, Europe, Asia - Pacific, Africa and the Middle East, presented an assessment of Vietnam's competitiveness indicators, as well as forecasts for the industrial park infrastructure leasing market.

Vice Chairman of the Provincial People's Committee Le Ngoc Hoa presented a souvenir to Mr. Anthony Tan - General Director of VSIP Nghe An. Photo: Thanh Duy

At the conference, business representatives also asked questions to learn more about investment licensing procedures, environmental management, and the provision of high-quality human resources in Nghe An province. The questions were answered specifically by Vice Chairman of the Provincial People's Committee Le Ngoc Hoa and representatives of other businesses.

Thanh Duy