The Ministry of Planning and Investment (MPI) has proposed major incentives including prolonged income tax exemptions for businesses and individuals working in special economic zones in three provinces.
The northern Quảng Ninh Province plans to turn Vân Đồn special administrative-economic zone into a smart, green island urban area, Nguyễn Văn Đọc, secretary of the provincial Party Committee, said.
The abolition of people’s councils, permitting casinos to be set up and allowing foreign investors to lease land for 99 years are among the main provisions of a proposed new law to govern the three special administrative-economic zones in Việt Nam.
Prime Minister Nguyễn Xuân Phúc agreed in principle that the three special economic zones being planned by the Government to spearhead the country’s economic growth should enjoy special regulations and fewer limitations to woo investments.
Self-modified three-wheel vehicles will be strictly controlled before completely banning their operation in m2018, said Vũ Văn Diện, deputy chairman of northern Quảng Ninh Province’s People Committee.
Locals being granted permission to gamble at domestic casinos has given Việt Nam’s growing hospitality industry an added boost, according to JLL experts.
Prime Minister Nguyễn Xuân Phúc has given the northern province of Quảng Ninh the go-ahead to develop the Vân Đồn Economic Zone as a special administrative-economic unit.
Authorities have announced that an international airport near Hạ Long Bay will open next March, according to Hà Nội Mới Newspaper.
Recent gains in the volume and value of rice exports can be attributed more to low prices than to better quality or greater market penetration, experts say.
Vân Đồn District in Quảng Ninh province plans to carry out forceful removal of construction violators in the protected Bái Tử Long Bay national park.