What awaits investors in Thanh Hoa?

These are special incentive policies tailored by the provincial government to each investment sector, based on the principle that "investors enjoy the highest level of benefits and fulfill the lowest level of obligations within the regulatory framework."

The "maximum offer within the framework" aims to reduce investment costs.

One of the highlights of Thanh Hoa 's investment attraction policy is its proactive and flexible approach. Accordingly, the province applies a consistent principle: investors enjoy the highest level of preferential rights and fulfill the lowest level of obligations according to current regulations.

A corner of Thanh Hoa

In addition to the general provisions of current law, depending on the scale and nature of each project, and based on the proposals of investors, Thanh Hoa province will consider providing special support for large projects that play an important role in promoting the economic restructuring process and creating breakthroughs in the socio-economic development of the province.

Based on this, the incentive policy system is designed to be easily accessible, helping businesses quickly implement projects and optimize costs right from the initial stages.

In this context, land policy is considered a crucial "lever." Many projects in specially prioritized sectors or implemented in disadvantaged areas may be exempt from land rent for the entire lease period. For other projects, investors are still exempt from land rent during the basic construction period (up to 3 years), and then continue to be exempt for 3-15 years depending on the sector and location.

These incentives significantly reduce initial investment costs – a stage often considered the "biggest barrier" for businesses.

Long-term tax incentives to increase investment efficiency.

In addition to providing support regarding land costs, Thanh Hoa also implements long-term tax incentives, creating opportunities for businesses to develop sustainably.

New investment projects are subject to preferential corporate income tax rates ranging from 10% to 17% for a period of 10 to 15 years, or even for the entire operating period in some sectors. Additionally, businesses are exempt from tax for up to 4 years and receive a 50% reduction in tax payable for up to 9 subsequent years.

A corner of Sam Son beach

In addition, the policy of exempting import taxes on machinery, equipment, and raw materials that cannot be produced domestically also contributes to reducing input costs, especially for high-tech and manufacturing projects.

For the agricultural sector, incentives are even more substantial, with land rent exemptions potentially lasting up to 15 years or the entire lease term for particularly preferential projects, facilitating the development of large-scale agriculture and the application of high technology.

Focused support to promote key sectors

The difference in Thanh Hoa's policies lies not only in the level of incentives, but also in the way support is designed for each key sector.

In the industrial sector, the province strongly supports investment in industrial cluster infrastructure, especially in mountainous areas, with support levels of up to 1-1.5 billion VND/hectare, and a maximum of tens of billions of VND for each infrastructure project. This policy helps reduce initial investment costs and expand the space for industrial development.

Thanh Hoa province's economic infrastructure is becoming increasingly integrated.

In the logistics sector, Thanh Hoa province leverages the advantages of Nghi Son Port to provide direct support mechanisms for transportation and import/export businesses. International container shipping lines can receive support of up to 500 million VND per trip, contributing to reduced transportation costs and enhanced competitiveness.

In the field of education, especially private preschool education, the province provides financial support for teachers' salaries and insurance for many years, thereby reducing the financial pressure on investors while contributing to the long-term development of human resources.

Project-based flexibility is needed to prepare special mechanisms for "eagle" investors.

A key highlight of Thanh Hoa's investment attraction policy is its flexibility.

For large-scale projects with widespread impact, the province is ready to consider applying a separate support mechanism based on the investor's proposal. This clearly demonstrates the commitment to "accompanying businesses," not just offering general incentives but also aiming for tailored solutions for each project.

At the same time, preferential policies are also allocated according to development areas. The Nghi Son Economic Zone receives superior incentives, while other industrial zones and areas maintain attractive mechanisms, ensuring balanced development throughout the province.

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With a comprehensive, clear, and in-depth system of preferential policies, Thanh Hoa is gradually asserting its competitive advantage in attracting investment. Not only is it offering financial incentives, but the province is also focusing on improving the investment environment, simplifying administrative procedures, and enhancing transparency. This creates a crucial foundation for attracting high-quality investment capital, aiming for sustainable development in the coming period. In the context of increasingly fierce competition for investment, the approach of "reducing costs - increasing benefits - long-term partnership" is helping Thanh Hoa become a noteworthy destination on Vietnam's investment map.

Source: https://daibieunhandan.vn/dieu-gi-cho-doi-nha-dau-tu-o-thanh-hoa-10411124.html