Secretary of Binh Dinh Provincial Party Committee Ho Quoc Dung spoke at the Conference. Photo: Le Ngoc Phuoc/VNA
Speaking at the conference, Secretary of Binh Dinh Provincial Party Committee Ho Quoc Dung emphasized that the investment promotion conference of German enterprises in Binh Dinh today is an opportunity for us to look back on the journey, the cooperation relationship between the two countries. province with German businesses over the past time. This is also an opportunity for Binh Dinh province to continue to introduce the image, potential, advantages, development orientation, creating an important premise for the two sides to further promote cooperation in the future.
Secretary of Binh Dinh Provincial Party Committee Ho Quoc Dung expressed his wish to continue strengthening cooperation with German businesses, especially in such fields as: electronic component production, automotive auxiliary industry, and infrastructure. seaport, industrial park infrastructure; energy, tourism, hi-tech agriculture, fisheries, trade in services, environmental protection... At the same time, it is hoped that German businesses will pay attention and expand their investment scale and support businesses. provinces participate at a higher level in supply and value chains. Thereby, contributing to the successful implementation of the goal of making Binh Dinh a developed province in the leading group of the central region.
"With the consistent view of always respecting the position and role of the business community and investors in the province's socio-economic development with the motto "taking people and businesses as the center to serve" Binh Dinh province is committed to providing maximum support to investors, businesses, foreign partners in general and Germany in particular, to find different, successful and sustainable investment opportunities in the province and bring the success to spread, share and promote the business community in the province to develop together. We will prepare the best conditions to welcome German investors in the near future", Mr. Dung said. .
Recently, German customers are increasingly interested in Vietnamese goods, ready to use products imported from developed countries when the products have clear origin, good quality and competitive prices. This is considered a good opportunity for export products of Binh Dinh province.
However, the results of attracting investment from German businesses are still quite modest, not commensurate with the potential of the province. Up to now, the whole province of Binh Dinh has only 4 projects of German investors with a total registered investment capital of more than 55 million USD, mainly in the field of industrial production. In general, these projects are currently operating effectively.
In particular, the thin film factory project of Kurz Vietnam Co., Ltd. in Binh Dinh with a total investment of 40 million USD is expected to be a typical project for high-tech production, contributing to attracting new projects. other similar projects to invest in Binh Dinh.
Chairman of Binh Dinh Provincial People's Committee Pham Anh Tuan said that the province will have special preferential policies for investors. Specifically, when investing in Binh Dinh in general and Nhon Hoi Economic Zone, Becamex VSIP Binh Dinh Industrial - Urban and Service Park in particular, investors will be entitled to the highest investment incentives of the company. Government and provincial additional incentives with corporate income tax rate of 10% for the first 15 years, exemption for 4 years from the date of taxable income and 50% reduction of payable tax for the next 9 years; are exempt from import tax for the first 5 years of production for raw materials and semi-finished products that Vietnam has not yet been able to produce or produced but does not meet quality standards.
Views of the signing ceremony. Photo: Le Ngoc Phuoc/VNA
Along with that, when investing in other areas of the province, depending on the preferential or special preferential investment industry, investors will be entitled to a number of years of land rent exemption, tax rate reduction and an exemption for one year. number of years of corporate income tax, import tax exemption to create fixed assets…
On this occasion, Binh Dinh Provincial People's Committee signed a memorandum of understanding with PNE AG on offshore wind power project in Binh Dinh province. This project has an expected capacity of 2,000 MW, with a total investment of $4.6 billion. When this project is implemented, it will greatly contribute to the electricity output of the country in general and the central region in particular; the province's share of clean energy will increase rapidly.
It is known that the whole province of Binh Dinh currently has 7 solar power projects with a total capacity of 529.5 MWp (operated to generate 415.5 MWp) and 4 wind power projects with a total capacity of 111 MW (operated). generating 81 MW). The Provincial People's Committee is also proposing to add to the planning 18 solar power projects (1,169 MWp) and 11 wind power projects (6,174.5 MW).
