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Sa Dec IZ achieves land lease target
The Sa Dec Industrial Zone (IZ) in the Mekong Delta province of Dong Thap has to date had all of its 132 ha area leased with 43 projects totalling 178.5 million USD.
Of the projects, which focus on seafood and aquaculture feed processing, 24 projects have become operational, employing 7,336 workers and posting 2 trillion VND (121.2 million USD) in revenue.
To attract investors, the IZ poured 41 billion VND (2.5 million USD) into building the Sa Dec port capable of receiving 5,000 DWT ships and a road for 30-tonne trucks.
The IZ built a waste water treatment plant with a capacity of 3,000 cu.m a day, alongside with waterworks and stores.
Local authorities have also provided investment incentives such as corporate income tax exemption and reduction for both domestic and foreign investors.
Investors are offered 1-5 percent discounts for land rents if they lease more than 3 hectares or pay once for all the project duration. Businesses at the IZ also receive financial support to provide vocational training for workers.
VNA
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