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Hai Duong plans seven new IZs
The northern province of Hai Duong is striving to build seven new industrial zones (IZs) by 2020 while expanding the area of its current three IZs, according to the zones’ management board.
The new IZs are Quoc Tuan-An Binh, Kim Thanh, Luong Dien-Ngoc Lien, Binh Giang, Thanh Ha, Hoang Dieu and Hung Dao.
The province is currently home to 10 IZs, six of which are occupied, including Nam Sach, Dai An (first phrase), Phuc Dien, Viet Hoa-Kenmark and Tan Thuy-Lai Vu.
Provincial authorities have simplified investment procedures, said the board, adding that local leaders pledged continued application of the "one-stop" mechanism at local IZs.
The province offered 10-year land rent exemption and a 50 per cent land rent reduction for the next 10 years for investors building production facilities in local industrial zones, plus a number of other incentives, including financial support for site clearance and exemption and reduction of corporate income tax for investors.
To date, Hai Duong IZs have attracted 118 domestic and foreign-invested projects worth a combined total of US$1.84 billion. Ninety-three are foreign-invested, worth a total of $1.43 billion, with investment pouring in from 14 countries and territories.
The province has issued a list of projects calling for foreign direct investment by next year. It encouraged foreign firms to invest in 17 projects in footwear, processing, wooden furniture, packaging, electronics, construction materials and automobiles.
In order to better facilitate investment and infrastructure the province’s IZs will be further improved, local authorities said.
vietnamnet, vietnamnews
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