Investment Current

 

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Vice Chairman of the provincial People's Committee – Mr. Nguyen Van Duoc, Vice Chairman of the provincial Fatherland Front Committee – Mr. Le Van Hung reward typical enterprises

From early 2017 to now, the province has nearly 2,200 newly registered enterprises with registered capital of VND 31,580 billion. Up to now, Long An has more than 10,000 enterprises operating with a total registered capital of over VND 243,000 billion.

At present, the provincial People's Committee launches the emulation movement "Long An enterprises: integration and development" in the period 2017 – 2020. Accordingly, the province continues to improve the investment and business environment and support enterprises to enhance competitiveness and operating quantity. By 2020, the Provincial Competitiveness Index (PCI) strives to be in the top 10, the social investment rate/GRDP reaches 40-42%, 70% of laborers are trained, 150,000 jobs are created within 5 years, one enterprise/135 people, and filling at least 80% of industrial clusters and increasing the occupancy rate of industrial parks.

To timely encourage and recognize the contributions of enterprises, the provincial People's Committee rewarded 138 enterprises, including 9 golden trophies for outstanding enterprises, 14 emulation flags and 115 certificates of merit.

Vice Chairman of the provincial People's Committee – Mr. Nguyen Van Duoc is speaking at the conference

Speaking at the conference, Mr. Nguyen Van Duoc noted and praised the outstanding results, positive contributions of the business community to the overall development of the province. In the coming time, enterprises should actively study and apply advanced technologies in production in order to increase the productivity, thoroughly save costs to keep reasonable prices, and improve qualifications, skills and productivity, and pay special attention to raising incomes of laborers.

Reported by TV

Translated by Lan Vy

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Long An leaders witness the signing ceremony between Phu An Thanh Industrial Park and Sojitz Group

Secretary of Long An province Party Committee cum Chairman of the provincial People's Council Pham Van Ranh and Chairman of People's Committee Tran Van Can attended the event.

Chairman Can said Sojitz is the largest Japanese economic Corporation to invest in muti-fields in the province and has many experiences in attracting investment and supplying industrial park's high quality infrastructure services.

Long An authorities hoped that Sojitz would help call for more prestigous foreign investors to invest in Long An's Phu An Thanh Industrial Park, focusing on hi-tech fields to contribute environment protection and the provincial socioeconomic development.

Phu An Thanh Industrial Park covers an area of 692 hectares, locating at An Thanh Commune, Ben Luc District. Up to now, it has attracted 37 domestic & foreign investors with total investment capital up to VND 1trillion and US$ 204million and created over 4,000 jobs for local people.

General Director Tran Van Ngoc of Phu An Thanh Industrial Park shared the cooperation program between the park and Sojitz would increase more efficiency to lure more hi-tech investors, contributing to developing Long An's social economy./.

Source: http://news.baolongan.vn/

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Chungcheongnam Youth Union comes to Long An for volunteering activities and cultural exchange every year

Long An province (Vietnam) and Chungcheongnam province (Korea) established cooperation relations in May 2005. The two provinces had effective cooperation activities in many fields, especially in the exchange of cultural and youth delegations, public administrative management and education.

Hyogo province, Japan and Long An province have always strengthened their exchanges, cooperation and friendship relationships. In 2017, the province signed an international cooperation agreement as the Joint Statement on cooperation with Hyogo province.

Maintaining activities to expand cooperation relations contributes to tighten the friendship and coherence between Long An and the provinces of other countries

From early 2018 until now, the province welcomed the delegation of International Cooperation Department, Wakayama province (Japan) visiting and working in Long An. The two parties exchanged information on the common points of the two provinces, especially intensive exchanges on possible cooperation areas such as agriculture, language training, and agricultural techniques training, labor cooperation and investment promotion.

Long An, Chungcheongnam, Wakayama and Hyogo provinces have expanded their relations on the spirit of exchanges, friendship, cooperation and mutual development. Positive results in the past years have been the foundation for the development of the relationships that are increasingly in depth.

 Reported by Ngoc Man

Translated by Lan Vy

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Vice Chairman of the provincial People's Committee speaks at the seminar

At the Seminar, Mr. Nguyen Van Duoc introduced to the Korean investors information about socio-economic development situation of the province in the past time as well as the inherent advantages of the province; he also called for Korean investors invest in supporting industries, high-tech agriculture, logistics, human resource training, and labor export cooperation.

Korean investors highly appreciated and expressed their deep interest in the information presented by the provincial leader at the Seminar and noted that they would seek partners and decide to invest in Long An in next time.

At the Seminar, a number of Vietnamese enterprises also introduced about their companies as well as their demand to cooperate with Korean partners, including: Kizuna JSC, Viet Lemon Company – Long An, Hoa Thanh Long An Co., Ltd, Long Hau JSC, Phu An Thanh Co., Ltd.

Signing of MOU

The Seminar witnessed the cooperation between Bamboo Capital Group, Chairman of the Asian Business Alliance and Green EGG Group through the signing of  MOU in the presence of the provincial leader./.

Reported by Thai Hoa

Translated by Lan Vy

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Vice Chairman of the provincial People's Committee – Nguyen Van Duoc (left) and leaders of some departments visit Sapporo Vietnam Beer Co., Ltd (Viet Hoa Industrial Park, Duc Hoa 3)

In the first 9 months of 2018, the province received 59 projects with foreign investment capital totaling USD 306.97 million. So far, there are 941 projects of 38 countries and territories investing in the province, with the registered investment capital of USD 5,950 million, of which 576 projects have been put in operation with a total investment capital of USD 3.614 million.

In order to attract investors to the province, in the coming time, the province will continue to implement administrative reform, and drastically and effectively carry out measures to improve the Provincial Competitiveness Index (PCI) and Provincial Governance and Public Administration Performance Index (PAPI); continue to renovate investment promotion activities, considering investment efficiency in Long An as the best motivation of investment promotion.

Reported by Thanh Tuyen

Translated by Lan Vy

The scene of the meeting

Currently, the Republic of Korea ranks second amount 37 countries and territories with investment projects in the province, including 173 projects and total investment capital of US$ 666 million.

At the meeting, the Vice Chairman of the provincial People's Committee introduced the general investment environment in Long An province with investors. A number of areas have been proposed for investment cooperation such as: industry (supporting industry, electronic components production, farm tools production, etc.), agriculture (cooperating in cultivation, processing, and preserving agricultural products for domestic and export demands, developing high-tech agricultural areas, etc.), services (logistics, logistic services associated with Long An port, urban and real estate development near Ho Chi Minh City), cooperating in training skilled labor, labor export.

Mr. Nguyen Van Duoc (left) gave souvenir to Korean businesses

The Korean investment delegation consisted of many businesses in the fields as: online business, development of logistics network, mobile phone accessories, construction advanced wastewater treatment facilities, production of environmental machinery and equipment, etc. in accordance with projects calling for investment in the province. The enterprises expressed their desire to contact and learn about investment opportunities in the province.

Taking photo with Korean business delegation

The Vice Chairman of the provincial People's Committee – Nguyen Van Duoc affirmed that the province would create the best conditions for businesses to invest in Long An province. Long An – Friendly and efficient investment destination.

Reported by TV

Translated by Lan Vy

​​Pursuant to the Law on Corporate Income Tax dated June 3, 2008 and the Law amending and supplementing some articles of the Law on Corporate Income Tax dated June 19, 2013;

• Pursuant to the Law amending and supplementing some articles of the Law on tax dated November 26, 2014;
• Pursuant to Decree No. 12/2015 / ND-CP dated February 12, 2015 of the Government detailing the implementation of the Law amending and supplementing some articles of the Law on tax and amending and supplementing some articles of the Decree on taxes;
• Pursuant to Circular No. 96/2015 / TT-BTC guiding the corporate income tax in Decree No. 12/2015 / ND-CP of the Government dated 12/02/2015 detailing the implementation of the Law on Amendments and supplementing some articles of the Law on taxes and amendments to some articles of the Decree on tax and amending and supplementing some articles of Circular No. 78/2014 / TT-BTC dated 18/6 / 2014, Circular No. 119/2014 / TT-BTC dated 25/08/2014 of Circular No. 151/2014 / TT-BTC dated 10/10/2014 of the Ministry of Finance.

II.Content

LONG AN (according to the list of regions preferential Corporate Income Tax issued with Decree No. 218/2013 / ND-CP dated December 26, 2013 of the Government)

• Areas with difficult social and economic conditions: Kien Tuong town; Duc Hue, Moc Hoa, Tan Thanh, Duc Hoa, Vinh Hung, Tan Hung.

1.     Preferential tax rates

The preferential rate of 10% for a period of fifteen years (15 years) applies to:

a) Income from implementation of enterprise projects new investments in: a region with economic conditions - particularly difficult social provisions in the Annex issued with Decree No. 218/2013 / ND-CP economic zones, high-tech parks including the information technology area focus was established by decision of the Prime Minister.

b)The income of the business from the implementation of new investment projects in the following fields: scientific research and technological development; high-tech applications in the list of high-tech investment and development priorities in accordance with the Law on High Technology; High-technology incubators, business incubators, high-tech; venture capital for high-tech development in the list of high-tech development priorities in accordance with the law on high technology; construction investment - business incubators high technology business incubators tech; investment in the development of water plants, power plants, water supply and drainage systems; bridges, roads and railways; airports, seaports, river ports; airports, railway stations and infrastructure projects especially important due to the Prime Minister for decision; manufacturing software products; producing composite materials, construction materials, light, rare materials; producing renewable energy, clean energy, energy from waste disposal; biotechnology development.

c)Income from implementation of business projects in the fields of new environmental protection, including equipment manufacturing environmental pollution treatment, monitoring equipment and environmental analysis; pollution treatment and environmental protection; collection and treatment of waste water, waste gas and solid waste; recycling and reuse of wastes.

d) High-tech enterprises, agricultural enterprises high-tech applications in accordance with the Law on high technology.

đ)Income from implementation of business projects of new investment in the manufacturing sector (excluding projects produced goods subject to excise tax, mining projects) meets one of two criteria:

• The project has an investment capital registered for the first time a minimum of 6 (six) trillion dongs, disburse no more than 3 years from the time of initial investment permitted under the investment law and A total minimum turnover of 10 (ten) trillion dongs /year at the latest after 3 years from the year the revenue from investment projects (4th slowest year since revenues have now reached total sales minimum fee of 10 (ten) trillion dongs /year).
• The project has an investment capital registered for the first time a minimum of 6 (six) trillion, disburse no more than 3 years from the time of initial investment permitted under the investment law and frequent use of over 3,000 employees at the latest after 3 years from the year the revenue from investment projects (4th slowest year since business revenue to achieve conditions of use regularly average number of employees 3,000 per year on labor).

e)Income from implementation of business projects in the manufacturing sector, excluding commodity production projects excise tax and mining projects, capitalized at a minimum investment of 12 (twelve) trillion, use of technology must be evaluated in accordance with the Law on high technology, science and technology law, shall disburse the total registered capital not exceeding 5 years from the date are permitted to invest in accordance with the law on investment.

g) Income from implementation of enterprise projects new investment product manufacturer on the list of products supporting industry development priorities to meet one of the following criteria:

• Industrial products supporting high technology as stipulated by the Law on high technology;
• Industrial products supporting product manufacturing industries: textile - apparel; Leather - Footwear; electronics and information technology; automotive production and assembly; mechanical engineering that these products as of 01 May 01, 2015 which cannot be manufactured or produced but must meet the technical standards of the European Union (EU) or equivalent.

The preferential rate of 10% during the operation applies to:

a)  Income from the operation of the business socializing in the field of education - education, vocational training, health, culture, sports and the environment, judicial assessment (hereinafter referred to as the field socialize).

b)  15% tax rate on corporate income from farming, livestock production and processing in the field of agriculture and fisheries in regions other than areas with socio-economic conditions or areas with difficult conditions special socio-economic difficulties."

c) The income of the publishing activities of the Publisher under the provisions of the Law on Publication.

d)  Income from print activities (including advertising in print) of the press agency under the provisions of the Press Law.

e) The income of the business from implementing investment projects - social housing business to sell, lease or lease-purchase for the objects defined in Article 53 of the Housing Law.

f)   Income from business: planting, care and protection; income from crops, livestock, aquaculture, agro-processing, fisheries in areas of socio-economic difficulties; Forestry farming conditions in areas with difficult socio-economic; Production, human and plant breeding animals; Manufacturing, mining and production of refined salt unless specified in Clause 1, Article 4 of Decree No. 218/2013 / ND-CP; Investment preservation of agricultural products after harvesting, preservation of agricultural, fisheries and food, including direct investment to preserve investment for rental or storage of agricultural products, fisheries and food. "

g)  The income of the cooperative activities in the field of agriculture, forestry, fisheries and salt not in the economic - social problems and economic areas - especially social difficulties.

The preferential rate of 20% in ten years (10 years) applies to:

a)  The income of the enterprise from the project implementation of new investment in a region with economic conditions - social difficulties specified in Annex issued with Decree No. 218/2013 / ND-CP .

b) The income of the business from the implementation of new investment projects: the production of high quality steel; producing energy-saving products; manufacturing machinery and equipment for production of agriculture, forestry, fishery and salt; irrigation equipment manufacturing; production and refining of animal feed, poultry and seafood; development of traditional industries (including construction and development of traditional industries in producing handicrafts, processed agricultural products and foodstuffs, cultural products).

Enterprises to implement new investment projects in the field of geographical tax incentives provided for in this Clause from January 01, 2016 the tax rate of 17%.

The preferential rate of 20% during operation (from 01/01/2016 to apply the tax rate of 17%) to be applied to people's credit funds, banks and cooperative financial Organizations microfinance.

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For the People's Credit Fund, cooperative banks and micro finance institutions established in areas with new economic conditions - particularly difficult social provisions in Annex issued with Decree No. 218/2013 / ND-CP of the Government after the expiration of the tax rate of 10% specified in Clause 1 of this Article, to apply the tax rate of 20%; from 01/01/2016 to apply the tax rate of 17%.

2.      Incentives for tax holidays and tax reduction

Tax exemption for four years, 50% of the tax payable in the next nine years to:

a)  Income from implementation of business projects prescribed in Clause 1 of Article 19 of Circular No. 78/2014 / TT-BTC (as amended and supplemented in Clause 1, Article 11 of Circular No. 96/2015 / TT-BTC) ".

b)  The income of the business from the implementation of new investment projects in the field of social mobilization carried out in areas with difficult socio - economic difficulties or exceptional difficulties specified in the Annex attached to Decree No. 218/2013 / ND-CP.

2.2   Tax exemption for four years, 50% of the tax payable in the next five years for the income of the business from the implementation of new investment projects in the field of social mobilization carried out in areas not in the list of areas economic conditions - social difficult or extremely difficult specified in Annex issued with Decree No. 218/2013 / ND-CP of the Government.

2.3  Tax exemption for two years and 50% of the tax payable in the next four years on income from investment projects implemented new provisions in Clause 4 of Article 19 of Circular No. 96/2015 / TT-BTC and income of the business from the implementation of new investment projects in Industrial parks (except industrial park located in the urban districts of special grade, grade I under the central and industrial park located in desk municipalities provincially type I).

3.      The case of other tax breaks

• Business activity in the manufacturing sector, construction, transport use from 10 to 100 women workers, including women workers of more than 50% of the 150 employees a regular or frequent use over 100 female workers that some female workers accounted for over 30% of their regular employees of the Corporate Income Tax reduction corresponding payable now with the amount actually spent more for female workers under the guidance of Item clause 2.9 Clause 2 of Article 6 of Circular No. 96/2015 / TT-BTC if separately accounted.
• Business Employers are ethnic minorities are reduced Corporate Income Tax payable corresponds to the amount actually spent more workers from ethnic minorities guidance at Item b, Point 2.9, Clause 2, Article 6 Circular No. 96/2015 / TT-BTC if separately accounted.

• Enterprises to implement technology transfer under the priority areas transferred to organizations and individuals in areas with difficult socio - economic difficulties 50% reduction of corporate income tax payable on the income from technology transfer.
• Source: http://dpi.longan.gov.vn​

Source: Long An Economic Zone Authority (LEAZA)

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Projects calling for investment of Long An province in 2015.

Source: ​Long An Economic Zone Authority (LAEZA)

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http://en.investinlongan.vn

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 http://en.investinlongan.vn

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http://en.investinlongan.vn

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http://en.investinlongan.vn

​The planning work received close attention, leadership and direction from the Central Agencies, the Provincial Party Committee, the Provincial People's Council and the Provincial People's Committee; the participation of the Provincial Fatherland Front Committee, agencies, organizations, business community and people in the province. The content of the provincial master plan clearly states the viewpoints, development orientations and goals of the province by the end of the planning period as well as a vision to 2050. Planning the layout of development space and allocating resources for socio-economic activities, national defense, security, and environmental protection; propose breakthroughs to develop the province in the planning period. The provincial planning has content showing new thinking and new vision in line with the potential and advantages of the province; consistent with the National Development Strategy and the Mekong Delta; thereby opening up new development opportunities, bringing new values to Long An province.

To make the announcement, Long An province will hold the "Conference to announce the investment planning and promotion of Long An province" on July 25, 2023, at the Thong Nhat hall of the People's Committee of Long An province; Some key information about the Conference is as follows:

1. Name of the Conference: Conference on Announcement of Planning and Investment Promotion of Long An Province

2. Conference time: July 25, 2023 (Tuesday)

3. Venue: Reunification Hall of Long An Provincial People's Committee

4. Conference participants: Expected scale of 550-600 delegates, including:

- Delegates to the Central Committee, diplomatic agencies, international organizations: 126 delegates are expected

- Delegates from provinces and cities: 60 delegates are expected

- Delegates from Long An province: expected 93 delegates

- Enterprises, Investors: expected 300 delegates

- Press agencies inside and outside the province: 25 delegates are expected

5. Conference agenda:

- 08:00 - 08:30: Welcoming delegates;

- 08:30-08:35: Opening art performance;

- 08:35-08:45: Statement of reasons, introduction of delegates;

- 08:45-08:55: Welcome speech;

- 08:55-09:02: Film screening on Long An province planning;

- 09:02-09:20: Announcement of Decision approving the planning of Long An province for the period of 2021-2030, vision to 2050;

- 09:20-09:40: Introduction of Long An Provincial Planning for the period of 2021-2030, with a vision to 2050;

- 09:40-10:10: Visiting the exhibition space;

- 10:10-11:00: Speech of the representative of the Enterprise/Association;

- 11:00-11:15: Awarding Decision on Investment Policy/Certificate;

- 11:15-11:30: Signing a memorandum of understanding/cooperation agreement;

- 11:30-11:55: Directing speech of the Central Leaders;

- 11:55-12:00: Reception and closing remarks of the Conference;

At the conference, in addition to being informed about the contents of the Long An Provincial Planning for the period of 2021-2030, with a vision to 2050; delegates will have the opportunity to learn information about the province's socio-economic situation; visit the exhibition booths, introduce the typical products and strengths of the province; besides, domestic and foreign investors will grasp information about the guidelines and policies of the province; development orientation of the province and at the same time access to projects that the province is calling for investment to get information. In addition, Long An province will organize the awarding of the Investment Policy Decision/Certificate, and the signing of cooperation agreements (MOUs) with investors. And this is also an opportunity for investors to meet, learn experiences and cooperate.

Above are some of the main contents of the "Conference announcing the investment planning and promotion of Long An province", the People's Committee of Long An province informed news agencies and press. At the same time, we respectfully request the news agencies and press to communicate the main contents of the provincial planning in order to promote, attract investment, create consensus in the society, and contribute to bringing "Long An province to an early stage". is the center of dynamic, efficient and sustainable economic development of the southern region. Conference information is posted at the code:

Link to Provincial investment promotion documents: Provincial investment promotion documents

- Full name: Nguyen Tan Qui.

- Position: Deputy Director of Department of Planning and Investment.

- Phone number: 0983616696.

- Email: tanqui@longan.gov.vn

Source: Long An province Department of Planning and Investment