Thanh Hoa calls for investment in 50 big projects

The central province of Thanh Hoa is offering numerous incentives to call for investment in 50 projects totaling $5 billion in the locality.

Nghi Son deep water port in Thanh Hoa Province (Photo: VNA)

Nghi Son deep water port in Thanh Hoa Province (Photo: VNA)

They include exempting land rental fees and providing financial assistance for industrial parks (IPs) infrastructure construction and solid garbage treatment.

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.

Vietnamnews

Other news

Most view

Beer production at Sabeco

Thai Group still considers Sabeco share purchase

Vietnam Beverage, a subsidiary of Thai Beverage Public Company Limited (ThaiBev), is still considering share purchase of Saigon Beer, Alcohol and Beverage Corporation (Sabeco) and will make the final decision on December 17.

Banking-finance

Economy

Garment, textile obtain highest trade surplus value in export items

After the US withdrew from the talks on Trans-Pacific Partnership (TPP), Vietnam’s garment and textile export met with difficulties in the first two quarters this year. However the industry has posted the record high trade surplus value taking the lead in export items.

Self - introduction

Stock market

Shares rise amid growing caution

Shares extended gains on November 23 but caution appeared among investors after the VN-Index hit its decade-high.