Investment
incentives
Brief of 8 investment incentives offerred by the People's
Committee of Haiphong
Investment incentives
- Preferential land rental and
exemption of land rental:
Land rental shall be flexibly applied at lowest and most
favorable rates. Land lease may be exempt from rental for up to 15 years.
- Compensation and relocation;
site clearance; detection and clearance of explosive objects and mines:
The People's Committee of Haiphong shall organize the
implementation of compensation, relocation, site clearance, and completion of
the procedure for leasing land and the cost shall be born by the People's
Committee of Haiphong from 50 to 100%.
Cost of detection and clearance of explosive objects and
mines shall be born by the People's Committee of Hai Phong.
- Support cost for site leveling:
Cost of site leveling shall be partially subsidized by the
People's Committee of Haiphong up 25% depending on existing conditions of the
site.
- Construction of technical
infrastructure facilities to boundary of the site
The People's Committee of Haiphong shall be partially
subsidized by the People's Committee of Haiphong up to 25% depending on
existing conditions of the site.
- Labor training support:
Labor recruited by FDI projects will be trained free of
charge at local vocational training centers.
In case FDI projects train labor for themselves, cost for
labor training might be partially subsidized up to 30% by the People[1][1][1]s
Committee of Haiphong.
- Shorten project appraisal time:
Time for project appraisal is from 3 to 5 days.
- Single price policy/
non-discrimination price policy
All kinds of fee and price such as drinking water, raw
water, waste collection, construction fees and charges will be equally applied
to FDI projects and local enterprises.
- Other financial support:
Investment owner will be assisted financially in preparing
project documents up to 20 million Vietnamese dongs per project after
investment license is granted.
Commission for intermediaries up to 20 million Vietnamese
dongs will be given to any individual or organization that successfully
introduces a project in Haiphong.