Ben Tre launching new investment preferential policies

The preferential policies are specified
as efficient tools for the province to attract investment and to steer investment
projects into certain development goals. They are designed to improve the
investment environment towards better transparency. In order to concretize
policies to promote investment projects, on March 13, 2008, the province's
People's Committee published Decision No 06/2008/QĐ-UBND launching the
Regulations on Investment Preferential Policies in Ben Tre.

These regulations readjust
investment incentives in such fields as land lease, water surface lease;
reduction and exemption of corporate income tax; incentives in ferry and bridge
passing; all kinds of fees and services; assistance in labour training;
administrative formalities, etc. The incentives is aimed to encourage stronger
domestic as well as foreign investment flow into Ben Tre. Subjects to these new
preferential policies include domestice and foreign organizations and
individuals (called investors in general) who are holding investment licences
or trading permits (for projects with investment capital worth under VND 15
billion) in accordance with the Investment Law and the Corporate Law, and who
are legally operate in Ben Tre.

Corporations are entitled to enjoy
incentives under this document only when they have projects in industries in
the list of specially preferential projects and investment fields that are
stapulated in Item A and B of the Appendix I to the Resolution No 108/2006/NĐ-CP
enforced on September 22, 2006, by the Government detailing and guiding the
implementation of some of the Investment Law. These investment preferential
policies are applicable in Ba Tri, Binh Dai, and Thanh Phu Districts, which are
listed as the specially difficult localities, while Chau Thanh, Giong Trom, Mo
Cay and Cho Lach are listed as the difficult localities.

Translated by Truong Hung