On December 9th, Dong Thap People’s Committee organized an investment promotion conference to attract more investors from Ho Chi Minh city.
People’s Committee of Dong Thap province gave information about Investment Promotion Conference 2017
According to Mr. Truong Hoa Chau, Director of the Planning and Investment Department of Dong Thap province, Dong Thap has the advantage of being located in the center of Mekong Delta with two international border gates. Economic growth of the province in recent years has increased continuously and is currently at 6.04%.
The average income per capita of Dong Thap is VND 32.6 million/year. In terms of economic potential, Dong Thap has the advantage of developing agriculture and processing industry. The total rice output of 3.3 million tons/year, third rank in the country. Mango production ranked No. 2 in Mekong Delta and catfish production ranked No. 1 in the country. Moreover, there are 30,000 kinds of flowers and plants …The total export turnover of the province in 2017 is estimated at $ 1.223 million. Over the years, Dong Thap has been on the top 5 provinces with the best competitiveness index in Vietnam.
In order to boost the economic development, Dong Thap People’s Committee said that in the coming time, the province encourages enterprises to invest mainly in the construction of agricultural raw materials and technical centers supporting the development of agriculture, distribution center for fruit and vegetables, plant of fruit processing (mango, longan fruit, citrus), agricultural products and domestic and foreign distribution system. Dong Thap People’s Committee will offer many investment incentives to support enterprises investing in the province.
To be specific, business sectors with special investment incentives will be exempted from corporate income tax and land lease fee for the whole term. For other types of investment, 10% tax or 4 years tax exemption and 50% tax reduction for the next 9 years can be applied. Enterprises can also be exempted from land lease fee during the construction period (up to 3 years) plus 11/15 years depending on the industry. Projects in the fields of education, health care, culture and sport will be entitled to more incentives, even 30% – 50% of the cost of compensation for ground clearance.
Promotion activities of Dong Thap province in Ho Chi Minh City will take place from December 9th to December 11th. The program includes display, introduction of featured products, startup products of Dong Thap; flower arrangement, weaving performance; introduction of potential investment opportunities and projects calling for investment in Dong Thap province.
On December 18th, the forum of developing international markets for vegetables and fruits and solutions to logistics system supporting agriculture and rural areas will take place in Dong Thap province; expected to attract VND 24,000 billion investment from enterprises.
Source: Sai Gon Giai Phong Newspaper