Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council - Nguyen Van Duoc (top, middle) and the provincial leaders met and work with the Korean Ambassador
Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council - Nguyen Van Duoc highly appreciated the success of the seminar, acknowledging the contributions of organizations, individuals, international associations at home and abroad, public corporations leading high technology in the world for Long An to develop a "high-tech economic region".
The Secretary of the Provincial Party Committee said that the diplomatic relations between the two countries Vietnam - South Korea have had strong development steps and become important partners of each other.
Through friendship, cooperation and development, the number of projects and investment capital of Korean enterprises investing in Vietnam in general and Long An in particular is increasing, contributing to the development of the provincial. Through the seminar, Long An is expected to attract more businesses from many countries and territories, especially South Korea.
Delegates attend the meeting
At the meeting, the leaders of Long An province and the delegation of Korean officials and businesses continued to exchange more and receive investment needs to create the best conditions for businesses, investors find new opportunities to invest in Long An.
On this occasion, provincial leaders introduced the investment environment, development potentials and a number of key projects in the province, aiming to establish high-tech economic zones, including development of high-tech zones associated with smart digital city.
The provincial economic zone is expected to have an area of 32,300 hectares, in Can Giuoc district with 19,200 hectares and Can Duoc with 13,100 hectares. Functional subdivisions in the economic zone include: satellite urban areas 1 and 2; urban areas for education, health care, physical training and sports; auxiliary urban area; industrial park - international seaport; hi-tech agricultural zone and ecological urban area.
The incentives for investors are also stated: preferential corporate income tax rate of 10 percent for 15 years; tax exemption for 4 years from the time profit before tax and 50 percent reduction in the next 9 years; 50 percent personal income tax reduction; create favorable conditions for immigration and travel, residence and temporary residence for workers and their families.
Depending on each project, capital will be allocated from the local and central budgets; issuing project bonds; using ODA capital; preferential credit capital; investment capital in the form of BOT, BT, and BTO; mobilize capital from land fund; advance capital of investors. Enterprises are also exempted from land and water surface rent for some types of projects; land use term is 70 years.
The meeting helps the provincial leaders and the delegation of Korean officials and businesses to discuss more about investment needs
Through information about the provincial economic zone, Korean businesses are interested in investment incentives, industries that need investment, investment environment, tax policies, ... These opinions were answered satisfactorily by provincial leaders.
At the end of the meeting, the Secretary of the Provincial Party Committee affirmed that the provincial leaders will always accompany the business, consider the difficulty of the business as the difficulty of the province and quickly find solutions to solve and bring about investment profits. .
He also expressed his wish that businesses would accompany the province in implementing solutions and objectives set by the province, bringing economic efficiency.
Reported by Mai Huong - Thanh Hieu
Translated by NT