Ben Tre offers tax and land incentives to attract investment in seafood processing

Thành Nhân |

Ben Tre - With the advantage of a long coastline and large farming areas, the province promotes sustainable aquaculture development, while calling for investment in infrastructure and processing.

Mr. Le Minh Truyen - Deputy Director in charge of the Management Board of Investment and Construction Projects for Agricultural Works and Rural Development of Ben Tre province - said that with a coastline of over 65 km stretching through 3 districts of Binh Dai, Ba Tri, Thanh Phu, Ben Tre province has the advantage of developing the marine economy. In addition, the investment and putting into use of 6 works and projects on transport infrastructure, storm shelters, fishing ports and seafood processing areas... will create favorable conditions, contributing to the development of the local seafood industry.

Mr. Nguyen Van Buoi - Deputy Director of the Department of Agriculture and Environment of Ben Tre province - said that according to the development orientation of the shrimp farming industry of the province, by the end of 2025, the whole province strives to have at least 4,000 hectares of high-tech shrimp farming, with an output of 120,000 tons. At the same time, high-tech shrimp farming must bring high efficiency and sustainability, contributing to economic development and increasing income for farmers.

According to Mr. Buoi, the locality has 36,000 hectares of potential for developing shrimp farming areas, and has so far developed nearly 12,000 hectares of intensive shrimp farming. Regarding high-tech shrimp farming, the whole province has implemented it in 3 districts of Ba Tri, Binh Dai and Thanh Phu. Currently, Ben Tre is focusing on calling for investment in shrimp processing factories to contribute to the consumption of raw shrimp products of the province and serve exports.

Ben Tre dang trien khai thi cong du an cau Ba Lai 8. Anh: Thanh Nhan
Ben Tre is implementing the construction of the Ba Lai 8 bridge project. Photo: Thanh Nhan

Mr. Cao Minh Duc - Director of the Department of Construction of Ben Tre province - said that the Ba Lai 8 bridge construction project, part of the Western coastal route project, has been started and is under construction. The project of the Western coastal route passing through Ben Tre province is expected to be implemented in the period of 2026-2030. When completed, this project will significantly help the development of the marine economy, facilitate trade and seafood purchases in three coastal districts of Ben Tre province, and significantly reduce logistics costs.

Currently, Ben Tre is calling for investment in 4 projects in the agricultural and rural sectors including: Seafood processing factory under the project of storm shelter for fishing vessels combined with Ba Tri fishing port (Tiem Tom town, Ba Tri district), high-tech shrimp farming area (An Dien commune, Thanh Phu district), Thanh Phu shrimp breeding center (An Thanh commune, Thanh Phu district) and seafood processing factory with an output of 20,000 tons/year (Thanh Phu fishing port, Thanh Phu district).

To attract investment, Ben Tre will support compensation costs for site clearance of up to 20% when investing in industrial cluster infrastructure and up to 30% when investing in industrial park infrastructure.

For investment projects in 3 coastal districts of Ba Tri, Binh Dai and Thanh Phu, investors are entitled to a policy of exemption from land rent for 11 years after the end of the basic construction period. At the same time, enterprises are subject to the highest preferential income tax rate, specifically 10% for the first 15 years, tax exemption for the first 4 years and 50% reduction in taxes payable in the next 9 years.

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