ID :
32374
Wed, 11/26/2008 - 09:20
Auther :
Shortlink :
http://m.oananews.org//node/32374
The shortlink copeid
Ha Tinh lays hopes on new EZ
Ha Tinh (VNA) - The central province of Ha Tinh is hoping that an
economic area at its Cau Treo international border gate will help develop
the province's western region.
The province already has Vung Ang economic zone to develop its sea area. The
Cau Treo Economic Area, with incentive policies, is expected to help develop
the provincial mountainous area.
In October 2007, the Prime Minister issued a decision on operational
regulations of the Cau Treo international border gate economic area that
covers 56,684 ha. The area is also located along National Highway No 8A, 75
km from Hong Linh Town .
The economic zone was built according to a complex economic model, with
functional divisions including industrial zones, an industrial-trade zone, a
tourism-services zone, and an urban area.
Along with industrial production, other services will be developed including
trade, import-export, storage, finance, banking and logistics services.
According to the Government decision, this is an open, non-tariff economic
area, with special preferential mechanisms.
For example, investment projects in the economic zone will be exempt from
the corporate income tax for four years, and a 50 percent reduction for the
following nine years.
In addition to incentive tax and investment policies, the border gate
economic area is in a favourable location, resting along the border area
connecting Thailand , Vietnam and Laos .
Head of the management board of the economic area, Nguyen Van Tri, expressed
his gratitude for these policies, along with opportunities and a favourable
location. Although the economic zone was recently established, it has
already attracted a lot of investors.
According to the deputy chairman of Ha Tinh province People's Committee, Vo
Kim Cu, the new economic area is considered to be one of three key economic
focuses of the province. The others are the provincial Vung Ang Economic
Zone and Thach Khe iron mine.
As of last month, seven investors were granted business licences with a
total capital of more than 1 trillion VND (59.5 million USD).-Enditem
economic area at its Cau Treo international border gate will help develop
the province's western region.
The province already has Vung Ang economic zone to develop its sea area. The
Cau Treo Economic Area, with incentive policies, is expected to help develop
the provincial mountainous area.
In October 2007, the Prime Minister issued a decision on operational
regulations of the Cau Treo international border gate economic area that
covers 56,684 ha. The area is also located along National Highway No 8A, 75
km from Hong Linh Town .
The economic zone was built according to a complex economic model, with
functional divisions including industrial zones, an industrial-trade zone, a
tourism-services zone, and an urban area.
Along with industrial production, other services will be developed including
trade, import-export, storage, finance, banking and logistics services.
According to the Government decision, this is an open, non-tariff economic
area, with special preferential mechanisms.
For example, investment projects in the economic zone will be exempt from
the corporate income tax for four years, and a 50 percent reduction for the
following nine years.
In addition to incentive tax and investment policies, the border gate
economic area is in a favourable location, resting along the border area
connecting Thailand , Vietnam and Laos .
Head of the management board of the economic area, Nguyen Van Tri, expressed
his gratitude for these policies, along with opportunities and a favourable
location. Although the economic zone was recently established, it has
already attracted a lot of investors.
According to the deputy chairman of Ha Tinh province People's Committee, Vo
Kim Cu, the new economic area is considered to be one of three key economic
focuses of the province. The others are the provincial Vung Ang Economic
Zone and Thach Khe iron mine.
As of last month, seven investors were granted business licences with a
total capital of more than 1 trillion VND (59.5 million USD).-Enditem
