Introducing mechanisms, policies and investment attraction projects

Attending the conference were leaders of departments and branches of Lao Cai province; representatives of the Hong Ha district government (Yunnan province, China); delegates from localities, enterprises, international organizations and domestic and foreign investors.

At the conference, representatives of the Department of Finance introduced mechanisms, policies, and investment attraction projects in the province.

Accordingly, Lao Cai province has issued mechanisms and policies for 39 industries with special investment incentives and 70 industries with investment incentives in the following fields: high technology, information technology, supporting industry; agriculture ; environmental protection, infrastructure construction; education, culture, society, sports, health; science and technology, electronics, mechanics, and materials production.

Regarding corporate income tax incentives: in the Economic Zone, the preferential tax rate is 10% for 15 years; exemption for 4 years, 50% reduction for the next 9 years. In some cases, the preferential tax rate application period is extended, not exceeding 15 years according to the Prime Minister's decision.

Lao Cai province also has many investment support policies such as: support for the development of technical infrastructure systems, social infrastructure inside and outside the project fence; support for training, human resource development; credit support; support for access to production and business premises...

At the conference, businesses and investors discussed and shared many contents related to promoting growth, innovation, digital transformation and sustainable socio-economic development.

Leaders of Lao Cai Provincial Business Association spoke at the conference.

Speaking at the conference, Mr. Vu Lan - Deputy Director of the Department of Finance emphasized: With the spirit of "Prosperous enterprises - Lao Cai development", considering the success of investors as the success of the province, Lao Cai always accompanies investors in researching, surveying, implementing investment projects, and effectively operating production and business in the province.

In the coming time, the province will continue to focus on perfecting mechanisms and policies; training high-quality human resources; building a synchronous, modern, and interconnected economic and social infrastructure. Forming a dynamic axis , effectively exploiting the Two development poles ; creating new, balanced, complementary, and harmonious driving forces of the Three economic regions ; focusing on restructuring the internal sector towards increasing value and sustainable development of the Four pillars of development .

Mr. Vu Lan - Deputy Director of the Department of Finance said that in the coming time, the province will continue to improve mechanisms and policies to support businesses investing in the area.

Along with that, develop environmentally friendly industries with high technology content and added value; develop agricultural economy, produce agricultural commodities according to the value chain, high quality, green, ecological, circular; build Lao Cai into a tourist center of the country with unique, high quality products; complete the smart border gate system, multi-sector cross-border economic cooperation zones, trade, logistics, finance, and tourism centers; become an economic trade center of Vietnam and ASEAN countries with the Southwest region - China.

Businesses and investors visit and display a number of items and products.

Lao Cai province strengthens decentralization, delegation of authority, and authorization; thoroughly cuts down conditions and procedures for investment, production, and business; applies incentive mechanisms and policies to support investment on the principle that investors enjoy the highest level of incentives according to regulations; resolutely implements 5 no's (no delays; no causing trouble or harassment; no creating barriers or overlapping in performing tasks; no shirking responsibility or evasion; no creating inequality among enterprises).

With potential, advantages, and open policies, Lao Cai is ready to welcome investors to cooperate, accompany and succeed.

Source: https://baolaocai.vn/gioi-thieu-co-che-chinh-sach-cac-du-an-thu-hut-dau-tu-post887128.html