POLICY TO ENCOURAGE INVESTMENT IN BINH DINH PROVINCE

A. Investment incentives

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

B. Investment support

Support for training expenses for workers:

The province shall support at least 50% of funds for training technical workers, raising professional qualifications and skills for local laborers who have long-term contracts at investment projects in the province.

Support trade promotion:

Investors are supported a part of funding for participating in trade fairs to access and expand domestic and foreign markets according to the list of commodity groups and goods items issued in each period; support for trademark registration, branding; export reward.

Technical infrastructure support:

Investors are provided with electricity and water (where there is a water plant) or support to identify groundwater sources, wastewater treatment, support to provide telecommunications services to the project fence for projects in public clusters. Karma.

Information provisioning support:

Investors are free to guide and provide necessary information to survey and formulate investment projects, except for mandatory expenses as prescribed 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. The time limit for issuing investment certificates is shorter than the Government's regulations.

Investment promotion reward:

Organizations and individuals that record achievements in promoting investment and mobilizing domestic and foreign investors to invest effectively, in addition to being rewarded in accordance with current regulations of the State, shall be entitled to: the provincial budget will award 0.2% of the total project implementation capital. For Nhon Hoi EZ, the reward level is from VND 30 million to VND 200 million depending on the size of the investment project:

- Projects with investment capital from USD 1 million to under USD 05 million: Bonus of VND 30 million.
- Projects with investment capital from USD 5 million to under USD 10 million: Bonus of VND 50 million.
- Projects with investment capital from USD 10 million to under USD 20 million: Bonus of VND 100 million.
- Projects with investment capital of 20 million USD or more: 200 million VND reward.

Commitment of Binh Dinh Province:

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

FITTING CONTACT

Implementation of the "one-stop-shop, one-stop-shop" mechanism: When investing in Binh Dinh province, contact the following focal agencies directly for guidance, assistance and settlement of forming procedures. and implement the project in accordance with the regulations of the Vietnamese State:

- Binh Dinh Investment Promotion Center (under Department of Planning and Investment); or
- Economic Zone Management Board for projects in Nhon Hoi Economic Zone and industrial parks.

Address:

Investment Promotion Center of Binh Dinh Province (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