In 2017, Quang Nam
province is expected to continue to become the bright spot of the central
region on investment attraction, welcoming foreign
enterprises to come and invest in Vietnam.
In fact, Quang Nam
province is an ideal destination for investors at home and abroad. There were
presence and long-term commitment of the major investors such as Truong Hai
Auto, Suntory – Pepsico, Vietnam Brewery VBL, Inax sanitary equipment,
Groz-Beckert textile equipment and famous travel brands such as The Nam Hai,
Montgomerie Links golf course, Victoria, GoldenSand, Palm Garden…
Compared to many
localities, Quang Nam has great advantages in attracting investment. Firstly,
the province has strategic geographical location with an area of 10,438 km2,
located in the middle of Vietnam, belongs to the key economic zone in central
Vietnam. The north bordering on Da Nang – the commercial, services and training
centers of Central region; the south bordering on Quang Ngai province; the west
bordering on Laos; located on the East – West Economic Corridor, convenient for
road transportation to Laos, Cambodia, Thailand, Myanmar and sea transportation
to other countries of the ASEAN region.
The strategic location,
plus complete transportation infrastructure with many kinds of road, railway,
airline, sea belong to the national and international traffic routes, creating
favorable conditions for Quang Nam province to attract major investors in the
world.
As reported by the
People’s Committee of Quang Nam province, the province currently has 8
industrial zones and 50 industrial clusters. The industrial parks and
industrial clusters are located on the main traffic routes, with large area.
The infrastructure and telecommunications utility are fully meet the needs of
investment projects. As for waste water treatment system, most industrial zones
in the province of Quang Nam have wastewater treatment systems; solid waste
treatment collection systems as prescribed.
In addition, the social
infrastructure and other utility services such as schools, hospitals, hotels,
restaurants, amusement parks in the province of Quang Nam are basically meet
the needs of investors and citizens. As reported by the Department of Culture –
Sports and Tourism of Quang Nam province, there are more than 5,436 hotel rooms
that satisfy international standard, including many major brands (concentrated
in coastal areas), contributing to bring Quang Nam to become an attractive
tourism destination of the central region.
So far, Quang Nam has
attracted 126 FDI projects with total registered capital of 5.5 billion USD
from investors from around the world such as Korea, Japan, Singapore, US,
China, France, Germany, Italy…
In the long term, Quang
Nam focus on attracting investment projects in economic sectors that the
province has many advantages such as supporting industries (mechanical
manufacturing, automobile, electronics…); processing industry of consumer
goods, household goods, agriculture, forestry and fisheries products,
construction materials; the agricultural sector (high-tech agriculture,
cultivation and processing of agricultural products …); the field of tourism,
services, urban (ecology urban areas, coastal and riverside luxury resorts, hotels,
restaurants, supermarkets…), training of human resources; the investment,
construction and trading of infrastructure of industrial parks, industrial clusters.
Another highlight of the
investment attraction policies of the province is that the investors have the
full right to choose and decide to implement the project in the appropriate
investment model. Moreover, investors are given the investment incentives
stipulated by the Government, including the Chu Lai Open Economic Zone and
15/18 districts in the list of investment incentives stipulated by the
Government on the premises, corporate income tax and import tax…
According to the Public
Administration and Investment Promotion Center of Quang Nam Province, the newly
established enterprises from investment projects in difficult economic
condition areas in Chu Lai Open Economic Zone; investment projects in the
fields of high-tech agriculture, scientific research, technological
development, education and training, vocational training, environment… will be
applied the corporate income tax rate of 10% for 15 years since the taxable
income arises; ; are exempt from corporate income tax for 4 years and reduce
50% of the tax payable in the next 9 years.
Enterprises investing in
the industrial zones in
such districts as Duy Xuyen, Dai Loc, Que Son and Phu Ninh are applied the
corporate income tax rate of 17% for 10 years, are exempt from corporate income
tax and reduction of 50% tax payable in the next 4 years.
Also, Quang Nam also
apply competitive prices and depending on land investment sectors, projects may
be exempted from land rent during 11 years, 15 years or during the term of the
project. In addition to the general provisions, the large-scale projects with
important implications and will be coordinated with your PPC investment
research applied to the Government for specific policies.
Also, Quang Nam province
also apply competitive land prices and depending on investment sectors,
projects may be exempted from land rent for 11 years, 15 years or during the
implementation of the project. In addition to the general provisions, for the
large-scale projects with important implications, the Provincial People’s
Committees will coordinate with investors to study and submit to the Government
for specific policies.
According to the Quang
Nam People’s Committee Chairman, in the trend of deeper integration, Quang Nam
is constantly developing, changing appearance, became the land of potential and
investment opportunities. Many synchronous solutions are being implemented to
improve the investment environment, which focused on administrative reform. In
particular, the introduction of the Public Administration and Investment
Promotion Center of Quang Nam Province, with flexible and quick mechanisms,
have demonstrated the determination to build friendly image of Quang Nam
province, becoming the reliable destination for investors.
ANT Consulting is here
to assist you from the outset; providing corporate intelligence, risk advisory,
management consulting services that assist market entrance, and ensure
efficient business start-up operation. Our services are as following:
We strive to save your
cost by guiding you towards economical solutions that comply with local
legislation and procedures. We support you through early logistic solutions and
carry you through as your business grows.
We aim to bridge the gap between international best practices and local
cultures and assist foreign companies and organizations entering Vietnam market
to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +848
3520 2779 . To learn more about us, please visit www.antconsult.vn
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