ID :
28887
Fri, 11/07/2008 - 14:02
Auther :
Shortlink :
http://m.oananews.org//node/28887
The shortlink copeid
Bo Y IZ - a promising destination for investors
Kon Tum (VNA) - Home to 52 projects, with investment capitalised at
thousands of billions of VND, the Bo Y border gate economic zone (IZ) is proving its attractiveness to investors after just three years of operation.
Projects of particular note include a 1.5 billion USD international
commercial airport, a 1 billion USD urban centre, an 800 million USD
entertainment and hotel complex, and a 500 million USD power station to
supply electricity to the urban centre.
Covering 71,000 ha in the Central Highlands province of Kon Tum , the Bo
Y IZ houses an international border gate with Laos and a national one with
Cambodia . It is located in the core of the economic development triangle
endorsed by the governments of Vietnam , Laos and Cambodia in 2004.
Since its inception, the Bo Y IZ management board has spared no efforts to
improve administrative procedures and the investment environment in a move
to attract more investment, particularly from overseas sources, to invest in
the postal and telecommunications, airport and entertainment sectors.
A series of investment promotion activities have been organised within the
framework of cooperation between Vietnam and other countries, between
localities in the development triangle, and between Vietnam 's major
economic zones.
In addition to the investment incentives applied by border gate IZs, the Bo
Y IZ management board has offered a wide range of preferential treatment
policies to investors, including the free use of infrastructure, "one-level"
land rent and service charges, and permits to transfer land use rights and
assets within the land lease duration.
Deputy head of the management board Pham Thien Thuat said local and foreign
investors have appreciated the range of incentives and polices offered by
the Bo Y IZ.
For this reason, the management board has requested that the government and
relevant ministries and agencies maintain these polices for the next 10
years to encourage a greater number of investors to pour even more capital
into the IZ.-Enditem
thousands of billions of VND, the Bo Y border gate economic zone (IZ) is proving its attractiveness to investors after just three years of operation.
Projects of particular note include a 1.5 billion USD international
commercial airport, a 1 billion USD urban centre, an 800 million USD
entertainment and hotel complex, and a 500 million USD power station to
supply electricity to the urban centre.
Covering 71,000 ha in the Central Highlands province of Kon Tum , the Bo
Y IZ houses an international border gate with Laos and a national one with
Cambodia . It is located in the core of the economic development triangle
endorsed by the governments of Vietnam , Laos and Cambodia in 2004.
Since its inception, the Bo Y IZ management board has spared no efforts to
improve administrative procedures and the investment environment in a move
to attract more investment, particularly from overseas sources, to invest in
the postal and telecommunications, airport and entertainment sectors.
A series of investment promotion activities have been organised within the
framework of cooperation between Vietnam and other countries, between
localities in the development triangle, and between Vietnam 's major
economic zones.
In addition to the investment incentives applied by border gate IZs, the Bo
Y IZ management board has offered a wide range of preferential treatment
policies to investors, including the free use of infrastructure, "one-level"
land rent and service charges, and permits to transfer land use rights and
assets within the land lease duration.
Deputy head of the management board Pham Thien Thuat said local and foreign
investors have appreciated the range of incentives and polices offered by
the Bo Y IZ.
For this reason, the management board has requested that the government and
relevant ministries and agencies maintain these polices for the next 10
years to encourage a greater number of investors to pour even more capital
into the IZ.-Enditem
