Many great incentives for businesses in Tra Vinh

At present, Tra Vinh currently prioritizes calling for investment in 4 main areas, namely agriculture (hi-tech agriculture, organicagriculture, eco-agriculture); industry (mechanical engineering, logistics,energy, shipbuilding); technical infrastructure (infrastructure of industrialparks and complexes, transport infrastructure); services (resorts, restaurants,hotels, commercial centers).

The province has applied the most preferential investment policies, including tax incentives, in accordance with the provisions of Decree 218/2013 / ND-CP dated December 26, 2013, applicable toincome of enterprises from the implementation of new investment projects,corporate income tax rates, corporate income tax.

Import and export tax incentives under Article 14 andArticle 15 of Decree 134/2016 / ND-CP detail a number of articles and measuresto implement the Law on Export and Import Taxes.

Exempt from import tax on imported goods to create fixed assets of the project; Raw materials, supplies and components which cannot be produced at home and are imported for production of the project shall be exempt from import tax for 5 years from the date of commencement of production.

Land incentives as prescribed in the Government'sDecree No. 35/2017 / ND-CP of April 3, 2017. Accordingly, Tra Vinh is exempted from land rent and water surface rent during the capital construction under aproject approved by the competent authority, for a maximum of 3 years from the date of the decision to lease land or water surface.

At the same time, land and water surface rent will be exempted after the time of basic construction, supporting 30% of the rent pricefor production sites in industrial parks and industrial complexes (excluding infrastructure use fees and inter-company expenses). ) and not exceeding VND 50million (over USD 2,000) for a project in a year, which is determined according to the ground rent of the investor of the industrial park infrastructure and industrial cluster for lease to the enterprise. The support period is 5 yearsfrom the date the infrastructure investor and the enterprise sign the lease contract.

Regarding preferential geographical areas, Tra Vinh isdivided into 2 regions in the province, which are areas with extremely difficult socio-economic conditions, including Chau Thanh, Tra Cu and Dinh An economic zones. The area has difficult socio-economic conditions in Cau Ngang,Tieu Can and Cau Ke districts, Tra Vinh city and Co Chien industrial park

Regarding industry, Tra Vinh prioritizes investment in two main industries.

Firstly, industries that are specially given investment incentives and investment incentives (in accordance with Appendix I,Decree 118/2015 / ND-CP);

Secondly, agriculture and rural fields, including agricultural projects with special investment incentives, are projects in the agricultural sector with special investment incentives implemented in ChauThanh and Tra Cu districts, Dinh An economic zone.

Agricultural projects with investment incentives arethose in the agricultural sector with special investment incentives implemented in Cau Ngang, Tieu Can and Cau Ke districts. Tra Vinh, Co Chien IndustrialPark.