Haiphong will discount 30 per cent of the land lease fee for investors investing in projects in Dinh Vu-Cat Hai Economic Zone.
|Haiphong discounts land lease fee for investors in 2023
On November 20, Haiphong Economic Zones Management Authority office issued the document guiding the implementation. The policy is being introduced following a prime ministerial decision issued on October 3 on reducing land rental fees in 2023.
The reduction in land use fees will benefit organisations, units, enterprises, households, and individuals who directly lease land from the state under state agency decisions or contracts and make rent payments annually.
Land rent reductions totalled VND3.5 trillion ($149.33 million) last year.
Earlier this year, the Ministry of Finance proposed the prime minister extend the temporary 30 per cent reduction on land use fees throughout 2023 as part of measures to help businesses and individuals overcome the ongoing difficulties.
Dinh Vu - Cat Hai EZ covers a total area of 22,540 hectares and combines many industrial parks, such as VSIP Hai Phong, MP Dinh Vu, Dinh Vu, Trang Due, and Nam Dinh Vu.
Most are operating in electronics manufacturing, vehicle manufacturing, mechanics, chemical, pharmaceuticals, garments and footwear, logistics, and infrastructure.
LG Display Haiphong is the largest foreign-invested project in Dinh Vu – Cat Hai EZ with an investment of $4.64 billion.
|Core5 Factory Village in Haiphong celebrates pre-opening
Indochina Kajima Development Co. and iCore5 Vietnam have celebrated a notable milestone with the pre-opening ceremony of their Core5 Factory Village in Haiphong.
|Tesa opens new site in Haiphong
Tesa, the German manufacturer of adhesive tapes and solutions, opened its new site in Haiphong on October 12 as part of its strategy to regionalise production, expand capacity, and optimise supply chains.
|tesa adhesive tape expanding its footprint in Asia
With high-quality and more sustainable adhesive tape products, tesa's newly launched plant in Haiphong has expanded its footprint in Asia. Dirk Hartmann, general manager of the new site, told VIR's Nguyen Huong about the plant's plans and ambitions.
|Sao Do Group and CME Solar Company to invest in rooftop solar in Nam Dinh Vu IP
In pursuit of the government's sustainable development objectives, Sao Do Group and CME Solar Investment JSC (CME Solar) have joined forces to invest in a rooftop solar power system within Nam Dinh Vu Industrial Park (IP) in Haiphong.