Tay Ninh Province – Home to Series of Incentive Policies

Tay Ninh Province – Home to Series of Incentive Policies

A - Applying a “one-stop” mechanism in investment procedures:

-For foreign investment:

+For projects lying outside Trang Bang Industrial Park:

The provincial Service for Planning & Investment is the state body charged with working with other services, industries and relevant organisations to help the provincial People’s Committee to carry out state management of projects outside Trang Bang Industrial Park. When investing in areas outside industrial parks, investors need only to contact the Service for Planning & Investment for information and consultation regarding the investment policies of the province and for guidelines on investment licensing procedures with the minimum time in line with the mechanism of “one-stop, on-the-spot”.

+For projects lying within Trang Bang Industrial Park:

The Management Board of Industrial Parks in Tay Ninh is tasked to carry out state management of projects in the Trang Bang Industrial Park. Investors in the industrial park should contact the Management Board for information and guidelines on investment licensing procedures with the muinimum time in line with the “one-stop, on-the-spot” mechanism.

-For domestic investment:

+Investors in areas outside the Trang Bang Industrial Park, Moc Bai border gate economic zone and Xa Mat border gate economic zone must work with the Service for Planning & Investment.

+When investing within the Trang Bang Industrial Park, investors must contact the Management Board of Industrial Parks in Tay Ninh.

+When investing in the border gate economic zones of Moc Bai and Xa Mat, investors must work with management boards of those zones for guidelines on procedures.

B - The province’s policies of calling for investments:

- To attract investment, the province has pledged to provide all incentives regulated in legal documents on investment incentive in a fast manner for investors. For foreign investment, those legal documents include Foreign Investment Law, Decree No. 24/2000/ND-CP, and Decree No. 27/2003 ND-CP issued by the Government, and Circular No. 12/2000/TT-BKH of the Ministry of Planning & Investment. For domestic investment, they include Enterprise Law, and government Decree No. 51/1999/ND-CP and Decree No. 35/2002/ND-CP.

- The Provincial Committee of the Party and the People’s Committee of Tay Ninh have attached special importance to calling for investment in the province, especially in the Trang Bang Industrial Park, industrial zones and border gate economic zones of Moc Bai and Xa Mat.

The Tay Ninh provincial authorities lay down the highest incentives and rights for investors and require minimum reciprocal obligations, as regulated in the State framework of investment incentives, to attract investment into the locality.

-The province has been implementing reforms of administrative procedures in line with the “one-door, on-the-spot” mechanism for enterprises lying outside industrial parks on the basis of institutionalising all regulations and working with state bodies, industries and relevant organisations in management. This will help solve all impediments of businesses and help them reduce costs and establishment times.

- The province will support enterprises in site clearance and site compensation, especially focusing on mapping resettlement areas for displaced households to quickly allot land for investors.

- Construction of infrastructure outside industrial parks will be boosted or assistance will be provided to investors who invest in such projects to recoup their investment.

- The application of award policies for activities which call for investment.

• Hong Hanh