II. Investment incentive:
1. Landing rent reduction or exemption
- Tax-exemption for land use for projects building apartment block for workers in industrial parks, processing parks, high-tech parks and economic zones.
- Tax-exemption for land and water surface for the duration of temporary cessation of construction and/or operation under certification of the agencies granting investment licenses.
- Tax-exemption for land use in eleven (11) years as from the date of putting project into operation.
2. Price for renting land and infrastructures (according to Decision No.397/QD-UBND dated March 1 2011 of the Provincial People’s Committee):
- Price for renting land in North West Dong Hoi Industrial Park: 7,500 VND/m2/year.
- Price for renting infrastructures in North West Dong Hoi Industrial Park: 3,400 VND/m2/year
3. Other incentives
- Quang Binh provincial People’s Committee invests in essential infrastructure establishments, such as electricity, water supply, water drainage, road system reaching as far as to the hedge of the Industrial Parks, Economic Zones.
- Support for site clearance, site leveling for projects outside Industrial Parks, Economic Zones.
- Support for the training of the local laborers recruited for the first time, as follows:
+ As for projects using from 100 laborers and over are supported VND500,000 a person
+ As for projects using high technology are supported VND1,000,000 a person.