In addition to general policies, the provincial authorities has issued its own investment support measures, for example, preferential rules on land lease and land allocation for building resettlements for investors, Hoang Trung Kien, Vice Chairman of the provincial EZ management board said at a press briefing yesterday.
Specifically, Quang Ninh government shares 30 percent of the land clearance costs immediately after an investor submits an investment plan to the province. With this support, land clearance work at local IPs is going on smoothly, for example, Viet Hung IP with 124 out of the total 151 ha of land already cleared, Texhong IP with 300 out of 660 ha of land cleared, and Hai Yen IP with 85 out of 182 ha of land cleared.
With regard to secondary investors in IPs, the provincial government promises support in training for workers, trade promotion, technology transfer and cost in publishing announcements on businesses’ establishment and product advertisements on the province’s portal and website of the IP management board.
Quang Ninh has now 11 IPs, 1 coastal EZ (Van Don island) and 3 planned BEZs situated in 11 districts, towns and city. These zones cover a total area of over 368,000 ha, equivalent to 30.2 percent of the province’s area.
In Jan-May 2019, around VND 3 trillion ($128.2 million) was invested into Quang Ninh’s EZs and IPs, including $27.87 million of foreign investment.
The three BEZs - Mong Cai, Hoanh Mo-Dong Van, and Bac Phong Sinh – lured 95 investment projects, in which 17 foreign invested ones capitalized at about $298 million. The rest are run by domestic investors with total investment of approximately VND 10.2 trillion ($430 million).
