Investment promotion policy

A. Investment incentives

Ensure compliance with the Government's regulations on investment incentives on land prices, land rents, corporate income tax and other incentives.

B. Investment support

Support worker training costs:

The province supports at least 50% of funding for training technical workers, improving professional qualifications and skills for local workers with long-term contracts in investment projects in the province.

Trade promotion support:

Investors are supported with part of the cost of participating in fairs and exhibitions to access, exploit and expand domestic and foreign markets according to the list of commodity groups and items issued in each period; support trademark registration, brand building; export bonus.

Technical infrastructure support:

Investors are provided with electricity and water (where the water plant is located) or assisted in identifying groundwater sources, treating wastewater, providing telecommunications services to the project fence for projects in industrial clusters.

Information support:

Investors are guided and provided free of charge with necessary information for surveying and setting up investment projects, except for the costs required by law.

Time limit for handling administrative procedures:

The time for accepting and supporting administrative procedures in the formulation and implementation of investment projects is specified in detail. The time limit for issuance of investment certificates is shortened compared to the regulations of the Government.

Investment promotion bonus:

Organizations and individuals with achievements in investment promotion and effective mobilizing domestic and foreign investors to invest in the province, in addition to being rewarded according to the State's current regulations, will be provincial budget bonus 0.2% of the total project implementation capital. For Nhon Hoi EZ, the bonus level is from 30 million VND to 200 million VND depending on the size of the investment project:

- Projects with investment capital from 1 million USD to under 05 million USD: Bonus 30 million VND.

- Projects with investment capital from USD 5 million to under USD 10 million: Bonus of VND 50 million.

- Projects with investment capital from 10 million USD to under 20 million USD: 100 million VND bonus.

- Projects with investment capital of 20 million USD or more: Bonus 200 million VND.

Commitment of Binh Dinh Province:

Binh Dinh province is committed to showing a sense of responsibility and cooperation to all investors and constantly reforming administrative procedures so that investment projects in Binh Dinh can be formed and deployed smoothly.

CONTACTS

Implement the "one-stop shop, one-stop" mechanism: When investors invest in Binh Dinh province, contact directly the following focal agency for guidance, help and settlement of the formation procedures. and implement the project in accordance with the regulations of the State of Vietnam:

- Binh Dinh Provincial Investment Promotion Center (under the Department of Planning and Investment); or

- Economic Zone Management Board for projects in Nhon Hoi Economic Zone and industrial zones.

Address:

Binh Dinh Investment Promotion Center (IPC Binh Dinh)

Address: 35 Le Loi, Quy Nhon City, Binh Dinh Province

Phone: 056. 3818888, 3818889, 3818886, 3824015 Fax: 056. 3818887

E-mail: ipcbinhdinh@vnn.vn Website: www.binhdinhinvest.gov.vn

Binh Dinh Economic Zone Authority (BEZA)

Address: 65 Tay Son, Quy Nhon City, Binh Dinh Province

Phone: 056. 3946821, 3747721 Fax: 056. 3846616

E-mail: kktbinhdinh@binhdinh.gov.vn; kcnbinhdinh@chinhphu.vn

Website: www.kktbinhdinh.vn