Investment Preferences

The People’s Committee of Binh Dinh Province commits to implement all investment preferences as regulated by the Central Government in respect of land rent, business income tax and other taxes.

Investment Assistance

Assistance with expenses for labour training:

Enterprises shall be assisted with at least 50% of expenses to train technical workers or upskill local employees working under long-term contracts for investment projects in Binh Dinh. 

Assistance in trade promotion:

Investors shall be assisted with part of expenses for participating in trade fairs and exhibitions at home or abroad in accordance with the list of assisted products issued periodically; the investors shall be assisted in trademark registration and brand building.

Assistance in technical infrastructure:

Investors shall be supplied with power and water (where waterwork available) or assisted in searching underground water source, and for projects in small scale industrial zones, assisted in treatment of waste water and provision of telecom services as far as the project boundary. 

Assistance in information provision:

Investors shall be provided, free of charge, with guidelines and necessary information for investigation and formulation of investment project except for payable charges as stipulated by law.

Time limits to handle procedures:

Time limits to handle and facilitate procedures for project formulation and implementation being stipulated specifically. Time limit for issuance of investment certificate will be shortened than regulated by the Government.

Award for investment promotion merit:

Any organization or individual who has merit in promoting and attracting investment into the Province shall be awarded with 0.2% of the total invested capital of the project in addition to the award as currently regulated by the Government.

For investment in Nhon Hoi EZ, the award rate varies between VND30 and 200 million subject to the scale of investment project:

- For projects with investment from USD1 million to under USD5 million: VND30 million;

- For projects with investment from USD5 million to under USD10 million: VND50 million;

- For projects with investment from USD10 million to under USD20 million: VND100 million;

- For projects with investment from USD20 million or higher: VND200 million.

Undertakings of Binh Dinh Province:

Binh Dinh Province commits itself to maintain a responsible and co-operative attitude towards all investors and continue its process of administrative procedure renovation so that investment projects could be formulated and implemented smoothly in the Province.

Contacts

Implementation of "one-door, single contact mechanism": Investors in Binh Dinh Province should contact the following agencies for being guided and assisted in fulfilling procedures to prepare and implement their projects pursuant to the law of Vietnam:

- Investment Promotion Center of Binh Dinh Province; or

- Binh Dinh Province Economic Zones Authority (if investing in Nhon Hoi Economic Zone or industrial zones); or

Contact Addresses:

Investment Promotion Center of Binh Dinh Province (IPC Binh Dinh)

Add: 35 Le Loi St., Quy Nhon City, Binh Dinh Province, Vietnam

Tel: (84.56) 3818888, 3818889, 3818886, 824015  Fax: (84.56) 3818887

E-mail: ipcbinhdinh@vnn.vn  Website: www.binhdinhinvest.gov.vn

Binh Dinh Province Economic Zone Administration (BEZA)

Add: 65 Tay Son St., Quy Nhon City, Binh Dinh Province, Vietnam

Tel: (84.56) 3946821, 3747721   Fax: (84.56) 3846616

E-mail: kktbinhdinh@binhdinh.gov.vn; kcnbinhdinh@chinhphu.vn 

Website: www.kktbinhdinh.vn; www.nhonhoi.gov.vn; www.kcnbinhdinh.vn