Issuing policies on supporting infrastructure leasing price for secondary investors

06/10/2017

On 2017/10/3, the People's Committee of Vinh Phuc province issued Decision No. 36/2017/QĐ-UBND on supporting infrastructure leasing prices for investors (*) who renting land in industrial parks invested by non-budgetary funds under the Resolution No. 57/2016/NQ-HĐNĐ of the provincial People's Council about specific measures on attracting investment and supporting the development of enterprises in the province.

Accordingly, investment projects on manufacturing products of automobile, motorcycle, precision mechanics, electronics, telecommunication and supportive industries as the province’s orientations: high-tech projects are prioritized according to Decision No. 66 / QD-TTg of the Prime Minister on 2014/11/25; service projects for investors in industrial zones (logistics, warehousing, auditing, customs, taxation, insurance); those In the list of domains eligible for special investment incentives under the Government's regulations that shall be supported under this Decision.

The Decision also states that the support for important projects to the socio-economic development in line with the orientation of investment attraction of the province will have to satisfy one of the following conditions: the first investment capital is from about USD 50 million or VND 1.2 trillion; those contribute to the provincial budget (domestic revenue) from 50 billion dong per year; those have global, prestigious brands; investors commit to mobilize and attract more investment in supportive projects suitable to the provincial orientations.

Investors will be supported under this Decision shall be assisted only once after the project has come into operation and have turnover from trading sectors specified in Clause 1, Article 4 of this Decision for the new investment or completed construction investment on the expanded land area in the industrial park for the expanded investment project in accordance with the schedule stated in the investment registration certificate / decision.

The supporting rate at 10% for leasing the industrial zone infrastructure (excluding VAT) for new investment projects and 12% (excluding VAT) for project expansion but under VND 5 billion per project; only projects receiving investment certificate/decision since the validity of the Decision to 2020/12/31 will be supported. In case that newly promulgated laws and policies have higher benefits and support that the available benefits and incentives, investors shall enjoy the new ones in the remaining time (if any) that will be counted from validity of the new law.

 

(*) Secondary investors are individuals, organizations who have investment registration certificates / decisions for their projects and head office in Vinh Phuc, implementing land lease associated with infrastructure in industrial zones.

                                                                                                                                        Dang Ngoc

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