Thua Thien Hue stipulates a number of investment support policies in the province

On January 25, 2022, the provincial People’s Council issued Resolution No. 01/2022/NQ-HDND promulgating a number of investment support policies in Thua Thien Hue province.

Accordingly, subjects of application: for new or expanded investment projects that are eligible for investment incentives as prescribed in Clause 2, Article 15 of the 2020 Investment Law and Article 19 of the Government’s Decree No. 31/2021/ND-CP dated March 26, 2021 detailing and guiding the implementation of a number of articles of the Investment Law; the investment support policy specified in this Resolution does not apply to investment projects specified in Clause 5, Article 15 of the Law on Investment.

Investment support policies include:

1. Support infrastructure works beyond the fence:

The State shall invest in the construction of traffic and drainage works connecting from the project site to the available main roads and drainage systems with state budget capital according to the Law on Public Investment in accordance with the approved planning and the investment scale meeting the minimum requirements for project service of investors approved by competent authorities. Infrastructure works outside the fence shall be invested by the State under the medium-term Public Investment Plan in accordance with the provisions of the Law on Public Investment.

Priority will be given to economic zone infrastructure, infrastructure outside the fence of industrial parks, high-tech parks, concentrated information technology parks, industrial clusters and craft villages, hi-tech application projects, investment projects to encourage socialization in the field of education and training, vocational training, health, culture, sports, environment and judicial assessment, investment projects in the construction of social housing.

2. Support infrastructure works in the fence

The development investment capital from the state budget will support apart of budget to build technical infrastructure systems according to the plan in economic zones, industrial parks, hi-tech parks, concentrated information technology parks, industrial clusters (managed by state non-business organizations and infrastructure construction investment organizations),  Specific social housing areas are as follows:

• The State shall organize investment in the construction of shared technical infrastructure systems in conformity with plannings in economic zones, hi-tech parks and concentrated information technology parks in accordance with the Law on Public Investment.
• The State shall organize investment in the construction of main roads and accompanying technical infrastructure systems in accordance with the planning prescribed by the Law on Public Investment for industrial parks in areas meeting with difficult socio-economic conditions.
• The State shall organize investment in the construction of technical infrastructure systems of industrial clusters (by state non-business organizations and units being assigned to manage and invest in infrastructure construction) in accordance with the planning prescribed by the Law on Public Investment.
• The State shall organize investment in the construction of technical infrastructure systems within the fence of social housing projects only for lease in accordance with the planning in accordance with the Law on Public Investment.

Investment projects on construction and business of industrial park infrastructure in areas meeting with difficult socio-economic conditions or areas with extremely difficult socio-economic conditions:

• Investors are entitled to choose the following support policies: Support 20% of construction and equipment costs or 20 million VND/m3 of day-night treatment capacity for centralized wastewater treatment projects meeting column A standards Vietnam Regulation 40:2011/BTNMT issued together with Circular 47/2011/TT-BTNMT dated December 28, 2011 of the Ministry of Natural Resources and Environment stipulate national technical regulations on environment but not exceeding VND 20 billion for a project.
• Investors are allowed to choose the following support policies: Support 30% of construction and equipment costs or 30 million VND/m3 of day and night treatment capacity of the vaporized or circulating water treatment system and not discharge into the environment for wastewater treatment projects focusing on applying circulating wastewater treatment technology,  not discharged into the environment, but not exceeding VND 50 billion for a project.

Production investment projects with wastewater treatment works using technology to reuse circulating wastewater sources and not discharging wastewater into the environment:

Investors are entitled to choose the following support policies: Support 30% of construction and equipment costs or 30 million VND/m3 of day and night treatment capacity of the vaporized or circulating water treatment system and not discharged into the environment, but not exceeding 50 billion VND for a project.

Investment projects on construction and business of industrial cluster infrastructure (with developers):

• Industrial clusters established according to regulations in areas with extremely difficult socio-economic conditions (Nam Dong district and A Luoi district): Support 50% of the cost of technical infrastructure construction (leveling, traffic, water supply and drainage, wastewater collection and treatment system,  electrical system); not exceeding the total support level according to the support norm of VND 2 billion / ha and not exceeding VND 20 billion for a project.
• Industrial clusters established according to regulations in areas with difficult socio-economic conditions (Huong Tra town, districts: Phong Dien, Quang Dien, Phu Loc, Phu Vang): Support 30% of the cost of construction of technical infrastructure (leveling, traffic, water supply and drainage,  wastewater collection and treatment systems, electrical systems); not exceeding the total support level according to the support norm of VND 1 billion / ha and not exceeding VND 30 billion for a project.

Investment projects to improve the environment: Producing and trading environmentally friendly products to replace 1-time use plastic products, persistent plastic bags; solid waste treatment using modern technology, minimizing the landfill rate and having a total landfill rate of treated wastes less than 7%, not generating secondary pollution sources, with a treatment capacity of 50 tons/day and night or more, supported with 30% of the cost of technical infrastructure construction (leveling,  internal roads; water supply and drainage and internal electricity system outside the house) and the maximum total support is not more than VND 05 billion for a project.

Investment projects to encourage socialization in the fields of education – training, vocational training, health, culture, sports, environment, judicial assessment approved by the provincial People’s Council on the list of investment projects are supported with 30% of the cost of construction of technical infrastructure works (site leveling,  internal roads; water supply and drainage, internal electricity system outside the house) and the maximum total support is not more than VND 05 billion for a project.

Investment projects in social housing projects (except for cases where developers of investment projects to build commercial houses or urban areas make investment in building social housing on land fund of 20% belonging to commercial housing construction investment projects,  such urban area and social housing projects for rent only) approved by the provincial People’s Council for the list of investment projects supported by 30% of the cost of construction of technical infrastructure works (leveling, internal roads; water supply and drainage, internal electricity system outside the house) and the maximum total support not exceeding VND 05 billion for a project sentence.

Investment projects on the list of industries and trades preferential for investment in addition to those already prescribed with a total investment capital of VND 800 billion or more are supported by the provincial budget with 30% of the cost of construction of technical infrastructure works (leveling, internal roads, etc  water supply and drainage, internal electricity system outside the house) and the maximum total support is not more than VND 05 billion for a project.

3. Support access to production and business premises

4. Market development support: Investors having investment projects on construction and infrastructure business of industrial parks, hi-tech parks, industrial clusters and concentrated information technology parks are entitled to travel expenses to participate in overseas investment promotion according to the province’s annual investment promotion plan,  Specifically as follows: Not exceeding VND 50 million/time/enterprise; Each enterprise must not exceed 01 time/year and 04 times during its operation in Thua Thien Hue province.

Eligibility

• Investment projects shall be completed by investors after the effective date of this Resolution and put into use in accordance with the provisions of law, in accordance with the committed contents and schedule.
• In case the project has a good reason for the delayed implementation of the committed schedule, the investor must report the explanation and re-commit to the implementation progress to the People’s Committee of the province to be considered for extending the progress in accordance with the Law on Investment.
• The investor shall strictly comply with the responsibilities of the investor specified in Article 12 of the resolution.
• This resolution replaces Resolution No. 01/2017/NQ-HDND dated March 31, 2017 of the People’s Council of Thua Thien Hue province on stipulating a number of investment incentive and support policies in Thua Thien Hue province and takes effect from February 05, 2022.