To attract infrastructure investment in Tan Huong Industrial Park (IP), Tan Huong Commune, Chau Thanh District, the Tien Giang People’s Committee has just enacted a decision on investment incentives and encouragements to the Tan Huong IP.
Any company that rents land for infrastructure investment and business in the Tan Huong IP will be supported with 50% of compensations paid to households for their land clearance, and pay the rest 50% of compensations within five years. Also, they are exempt from land rents according to the Government’s regulations, and supported 100% of land rents within the next five years.
In addition, production enterprises in the Tan Huong IP will be supported with 70% of the capital investing in research, application of science and technology progress, and technological renovation.
Newly established enterprises employing over 200 laborers will be helped with training expenses for Tien Giang’s laborers during the first two years with the amount of VND200,000/laborer/month (about US$13) at the maximum.
