Exemption of land rental for new investment, expanding industrial cluster

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Accordingly, the period of land rental exemption for investment projects and business of technical infrastructures of industrial complexes, industrial complexes of trade villages and investment projects for production and business in industrial complexes and industrial complexes of trade villages is counted from the end of the rental exemption period, basic construction of the project.

Investment projects on business of technical infrastructures of industrial complexes and trade village ICs are also exempt from land rent for the area of land for construction of common technical infrastructure systems of ICs according to the provisions of the land law.

In case other legal documents promulgated by competent agencies provide land rent exemption for investment projects and business of technical infrastructure of industrial complexes, industrial complexes of trade villages, investment projects for production Business in industrial complexes, industrial complexes of trade villages apply the highest incentives to ensure the interests of investors. The land rental exemption applies only to new investment projects or investment in expansion or direct lease of land from the State.

Subjects of application of the above Circular include: enterprises, cooperatives, units investing in the construction of industrial infrastructure; production and business organizations and individuals in industrial complex; Other agencies, organizations and individuals related to the management and operation of ICs.

Previously, the Government issued Decree 66/2020, amending Decree 68/2017 on the management and development of industrial complexes, effective from August 1, 2020, providing for the industrial structure development plan; establishing and expanding industrial complexes; investment in construction of technical infrastructure and production and business in industrial complex; preferential policies, support for industrial complex development and state management of industrial complexes.

Accordingly, encourage and prioritize the selection of enterprises and cooperatives as investors to build technical infrastructures of industrial complexes when the documents meet the regulations.

Source: sggp.org.vn – Translated by fintel.vn