Among the projects are ones applying modern technology to produce information and telecoms equipment; ones making products for export, with at least 80% of output for overseas markets, ones making high quality materials and accessories used for footwear, clothes and fabrics for export.

The investment incentives are also for production of high-class steel, alloys, non-ferrous metals, special metals, steel billets and metallurgy; training programmers, technicians in engineering and electronics; university and postgraduate training in techniques, IT, economics; manufacturing medicines for treatments of tuberculosis, cardiovascular diseases, liver and kidney diseases, cancers and AIDS.

The incentives are also for hospitals specializing in mental, cardiovascular diseases, tropical diseases; for tissue banks, blood banks; for manufacturing materials used for antibiotics; for building or repairing seaworthy ships of 10,000 tons or more; for collecting and treating garbage from residential areas and industrial parks.

Ho Chi Minh City will set aside land so that investors can easily choose the location. The city’s Department of Urban Planning and Architect and district-level officials are responsible for setting up zoning maps, especially in outlying districts, to help investors in selecting locations.

The Ho Chi Minh City People’s Committee also supports investors in site clearance. If site clearance costs investors a lot, the committee will cover part of it but the maximum will not exceed the total fee to lease land paid by investors.

If investors request, district-level governments have to negotiate site clearance compensations with affected residents, and all three sides must make conclusions. District-level governments must relocate the affected people and then allocate cleared sites to investors.

The city’s Investment and Trade Promotion Center is supposed to provide supportive services and information at investors’ requests in researching markets. The center has to contact other State agencies in the city to support investors.

The Department of Planning and Investment is responsible for receiving investors, appraising their projects and advising the People’s Committee in issuing investment licenses (up to the committee’s authority).

Source: SGGP