Investment support and incentives policies in the industrial parks of provincial territory

Apart from the above-mentioned investment incentive policies applied to all investment projects in the provincial locality, the projects invested in the industrial parks of Thanh Hoa territory will enjoy the highest investment incentives and supports applied to the investment locations of difficult socio-economic conditions in accordance to the Government’s Decree 118/2015/ND-CP dated October 12, 2015 giving the detailed guidance on the implementation of the Investment Law.

1. Incentives from the central government:

1.1. Incentives on rent of land and water surface:

- Exemption from rent of land and water surface in the time of capital construction but not more than 03 years since date of decision permitting to lease land, water surface; exemption from 7 - 15 years since projects put into operation depending on project fields.

- Exemption from rent of land and water surface during the operation time for the projects of certain fields stipulated by the Government.

1. 2. Incentives on corporation income tax and export, import tax

Depending on investment fields, the projects invested in the industrial parks in Thanh Hoa territory will enjoy the investment incentives regulated by the law documents on current corporation income tax, export and import tax like the projects invested in Nghi Son EZ.

2. Encouragement policies for investment consulting services in industrial parks of Thanh Hoa province (according to the Decision 3667/2013/QĐ-UBND, dated October 18, 2013 of Thanh Hoa PPC on issusing encouragement policies for investment in Nghi Son Economic Zone and other Industrial Parks in Thanh Hoa province).

The organizations and individuals having successful investment campaign for projects belonging to the list of investment encouragement in the industrial parks of Thanh Hoa territory will be rewarded depending on the project investment scale, concretely:

- Projects of investment from USD2.5 million to less than USD5 million: bonus of VND100 million.

- Projects of investment from USD5 million to less than USD10 million: bonus of VND150 million.

- Projects of investment from USD10 million to less than USD20 million: bonus of VND200 million.

- Projects of investment from USD20 million to less than USD30: bonus of VND250 million.

- Projects of investment from USD30 million to less than USD40 million: bonus of VND300 million.

- Projects of investment from USD40 million to less than USD50 million: bonus VND400 million.

- Projects of investment from USD50 million upwards: bonus of VND500 million.