Preferential policies on industrial clusters
VGP – The Government has issued a series of preferential policies on industrial cluster development in Decree 68/2017/ND-CP (Decree 68).
Under Decree 68, investment and business projects in industrial clusters will be exempted from land lease fees in seven years and enjoy other incentives in accordance with the legal regulations.
Technical infrastructure business projects will be entitled to land lease exemption in 11 years; borrow State credits under 70% of total investment; and benefit from other incentives.
Incentives for trade village industrial clusters
Decree 68 regulates that business and investment projects in trade village industrial clusters will enjoy 11-year-land lease exemption and get State credits under 70% of total investment capital.
Technical infrastructure business projects will be exempted from 15-year-land lease fees and 70% of credit loans.
These projects will get local budget to relocate enterprises, cooperatives, and household production sites to trade village industrial clusters and get investment in technical construction.
However, the decree also stresses that preferential trade village industrial clusters must be listed in the planning and operate in line with the regulations on industrial cluster management./.
By Kim Anh
