On September 26, the People's Committee of Ben Tre province held a press conference to promote investment in 2024 with the theme "Ben Tre, vision to the East and potential for sustainable development".
Within the framework of the 2024 Investment Promotion Conference, the groundbreaking ceremony of Ba Lai 8 Bridge will be held and the project to build a coastal road connecting Ben Tre - Tien Giang - Tra Vinh provinces will be launched.
Accordingly, the coastal road project connecting Ben Tre - Tien Giang - Tra Vinh provinces includes component projects such as Ba Lai 8 bridge project, Cua Dai bridge project connecting Ben Tre - Tien Giang provinces, and Co Chien 2 bridge project connecting Ben Tre - Tra Vinh provinces.
Up to now, the People's Committee has approved the investment policy for the Ba Lai 8 bridge construction project and will start construction on October 2, 2024, with a total investment of VND 2,255 billion.
The Cua Dai Ket bridge project alone has a total project length of nearly 9km with a total estimated investment of over VND4,749 billion. As for the Co Chien 2 bridge project, the total project length is about 4.72km with a total estimated investment of over VND3,145 billion, proposed to be invested from the central budget.
Mr. Nguyen Truc Son - Vice Chairman of Ben Tre Provincial People's Committee said that at the 2024 Investment Promotion Conference series of activities in 2 days (October 2-3, 2024), Ben Tre province will introduce the investment and business environment, sustainable development potential, advantages, development orientation towards the East, priority projects to attract investment, preferential policies, and investment attraction of the province to domestic and foreign enterprises and investors.
To attract investment in Ben Tre province, the locality will support compensation costs for site clearance up to 20% when investing in industrial cluster infrastructure and up to 30% when investing in industrial park infrastructure.
For investment projects in the three coastal districts of Ba Tri, Binh Dai and Thanh Phu, investors are entitled to a policy of land rent exemption for 11 years after the end of the basic construction period; the highest preferential corporate income tax rate is applied, which is 10% applied for the first 15 years, exemption for 4 years and 50% reduction of tax payable for the next 9 years.
For projects in the socialized sector, in addition to the Central Government's policies, investors enjoy separate incentive mechanisms and policies for each specific locality.
