Organizations and individuals who encourage enterprises to invest in the local IPs will also get a cash award of up to VND500 million ($22,000 ).
According to Tran Thi Thu Hang, Director of the provincial Centre for Trade and Investment, nine out of 50 projects are in tourism sector with combined capital of $1.7 billion, together with 13 industrial projects worth $1.425 billion and nine urban area, industrial park and cluster projects valued at $945 million.
Prominent projects include a 4700 million coastal resort in Quang Xuong district, a 300 million USD coastal tourism site in Sam Son city and a 250 million USD plastic factory with annual capacity of 100,000 – 300,000 tons.
Investment projects in culture, sport and environment fields will enjoy land lease exemption. They include the Thanh Hoa sports and fitness complex worth 210 million USD, the 100 million USD Nghi Son urban environment treatment economic zone with the daily capacity of 17,000 cubic meters and the 80 million grid-connected solar power plant.
A project to build the 300-bed Thanh Hoa Hospital of Traumatology and Orthopaedics also enjoys a reduction of up to 60 percent of the land rental fees.
Besides land incentives, the local solid garbage treatment projects with the daily capacity of 200 tons will receive an assistance of VND 320,000 per tons of solid domestic waste.
Businesses investing in developing infrastructure of industrial parks in districts and and textile industrial clusters with capacity of $250 million will be provided with financial aid of between VND 0.7 – 2.3 billion per hectare.