YBP- Based on 09/2017/QĐ-UBND on 20 June 2017 of Yen Bai province People’s Committee on issue Provisions of policies to encourage investment in industry, service, tourism, high tech agriculture in Yen Bai period 2017-2020. The detail below:
1.Fields of investment promotion:
Projects in industrial field with total investment capital from 200 billion. Investment project on processing agro forest products must have investment capital from 60 billion VND.
Investment projects on service sector: Investment in constructing tourism areas, integrated trade and service center in districts and towns (except for Yen Bai city) with a total investment capital of more than 200 billion VND.
Investment projects on construction, bussiness of infrastructure in industrial clusters and parks.
Investment projects on high – tech agriculture; investment projects which produce new products, clean energy, renewable energy in line with approved plans and bring good eco-social effect and environment friendly.
2. Incentives to investors:
* Incentives on ground clearance:
Support 50% of funding for ground clearance for investors for projects in industrial parks with under 3 billion per project.
* Supporting on constructing infrastructure:
- For project in industrial parks and clusters: Yen Bai province constructs infrastructures of transportation, electricity, water to project barriers.
- For investors who constructs infrastructure in industrial parks and clusters: State Budget support 50% of funding for construction with under 3 billion for investors who have exploitation area from 30 hectares to under 50 hectares. Investors who have exploitation area of more than 50 ha will be supported 5 billion. Suport amount must not exceed 3 billion a project.
- For investors who invests in services such as: constructing resorts, complex commercial centre will be supported 50% of funding for constructing infrastructure works on transport, electricity within the project fence.
- For investment on projects on high-tech agriculture; clear energy, renewable energy in line with approved plans and having good effects on eco-society and environment friendly, the Provincial People’s Council will base on the scale and nature of each specific project in order to submit the People Council for consideration and decision to support.
3. Other supports:
Free support for investors in advertising and introducing images on Websites and other information chanels of Yen Bai Provincial People’s Committee; Department of Plan and Investment, Centre of Investment Promotion and Investment Promotion.
Support investors on business procedures: Provincial departments are responsible for providing free of charge information on investment environment, sectoral planning, investment and other information. The scope of functions and duties of the branch in accordance with regulations.
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By Thanh Thuy