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Appendix II: Levels of exemption from land rentals applicable to FDI projects in Haiphong

Appendix II: Levels of exemption from land rentals applicable to FDI projects in Haiphong

Attached to Decision 369/QD-UB dated 8 Feb 2002 of Haiphong People's Committee

Land rental exemption Duration (years)

Conditions for being offered preferential treatments (at least one of the following conditions must be matched by projects)

15 years

  • Project investing in areas prescribed in Appendix III;
  • Production for export of more than 70% of products;
  • Breeding of aquatic products;
  • Processing of agricultural products, aquatic products for export at least 50% of products;
  • Production and application of info-tech, bio-tech, new materials;

12 years

  • Production and export over 60% up to 70% of products;
  • Shipbuilding; manufacture of nautical equipment and equipment serving shipbuilding industry;
  • Production of equipment, spare parts for vessels, fishing boats;
  • Production of machinery, spare parts for engines, hydraulics and compressing machines;
  • Metallurgy, production of steel billets, alloy steels, special metals;
  • Manufacture of machining tools;
  • Production of heavy duty lifting equipment of from 10-ton capacity upward;
  • Production of raw materials, ancillary materials for foot-wears and garments for export;
  • Social welfare projects (public health, education and training, culture);

9 years

- Projects in the list of specially encouraged investment projects and the list of encouraged investment projects under Decree 24/2000/ND-CP of the Government.

7 years

  • Production and export over 40% to under 50% of products;
  • Investment capital of over USD 5 million;
  • Project employing over 400 to 500 employees;

5 years

  • Production and export over 30% to 40% of products;
  • Investment capital of over USD 4 million to USD 5 million;
  • Project employing over 300 to 400 employees;

4 years

  • Investment capital of over USD 3 million to USD 4 million;
  • Project employing over 200 to 300 employees;

3 years

  • Investment capital of over USD 2 million to USD 3 million;
  • Project employing over 100 to 200 employees;