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Quang Binh boasts another economic zone
The central province of Quang Binh on Sept. 12 made public a Prime Minister decision to set up the Hon La Economic Zone (EZ), which is expected to create a momentum for local economic development.
Covering over 10,000 hectares, the Hon La EZ is calling for investments in ship building and repair, automobile assembly and manufacturing, electric-electronic-refrigerating industry, glass and building materials production, and steel refinery and rolling.
Garment and textile, footwear, plastics, consumer goods production, agro-forestry-fishery processing, storage, transport and other services are also listed in the IZ’s portfolio.
Local authorities had previously poured hundreds of billions of VND into building infrastructure facilities to serve the IZ, including roads, electricity supply networks, a reservoir and a sea port capable of receiving 100,000-tonne ships.
Investors both at home and abroad will be offered various incentives such as land lease and tax exemption in the first 15 years and five years of operation respectively, and a 10 percent corporate income tax during the project durations.
Ten businesses have to date registered to invest in the newly established EZ.
VNA
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