Many incentives for investment into the An Hiep industrial zone

The People's Committee of Ben Tre province has launched its preferential policies for investment into the An Hiep Industrial Zone in an effort to encourage investors outside the province to push up capital, technical and equipment investments into the IZ.

Industries that have been set as priorities for investment include agricultural manufacture, coconut-based production, sugar, cacao growing; fruit processing, foodstuff manufacture; food for livestock and aquaculture; shoes and leatherwares, garment and textile; plastic and composite product, mechanical, and construction material manufacture; manufacture of products for export or replacing imported products; manufacture and processing consumer goods, handicraft and fine arts products; and other products for daily consumption.

Some noticeable points in the policies include the land lease price are set at USD0.6 per sqm per year; if the investors do the space clearing and leveling by themselves based on the price list issued by the province and do it on the land space leased by the province, then the price is set at USD0.2 per sqm per year.

Land lease will be totally exempted during the time of 24 months of capital construction and reduced by 50% in the next two years. A 60% reduction would be applied once the investors pay for the whole time of land lease (30 to 50 years).

Beside, there are also incentives in taxes, labour training costs, etc..