Under this regulation, the city shall support investments in industry, trade, services, tourism, agriculture and civil engineering in the following aspects:
Post-investment interest rates: the city shall support a portion of the interest for investors who apply for a credit loan from credit agencies to invest in important projects capable of capital recovery in such fields as industrial zones, environmental services, public sanitation and drainage. In particular, during their implementation of the approved project, the investors shall be supported 20% of the interest rate of the total investment loan which they apply for at certain credit agencies. The total support for each project shall not exceed 2 (two) billion VND.
Land rent: the single annual land rent of 0.75% land price depending on the purpose of land use shall be applied for investors who implement the above-mentioned projects in the suburban districts; and that of 1.5% in the urban districts according to land price-list issued by the City People’s Committee.
Activities to promote trade and tourism investment: The city shall provide partial financial support to investors who participate in activities to promote trade and tourism investment according to the city’s annual approved programs. Particularly, those investors who participate in domestic exhibitions will be supported with rent for 01 standard booth. Each enterprise shall be supported up to 02 times per year. The support fund is taken from the annual approved budget for promotion activities.
In addition, the city will support investors in activities like press release, promotion, training, administrative procedures and so on.
Source: Decision 31/2011/QD-UBND Translator: Ngoc Diep – CTU