On December 31, the People's Council of Kien Giang province passed a Resolution on Regulations on investment support for the construction of technical infrastructure for industrial parks in Kien Giang province. Accordingly, it stipulates the subjects, principles, conditions, forms of support, content and level of investment support for construction. The subjects of application are Investors of investment projects for the construction of technical infrastructure for industrial parks; State management agencies, units and other organizations and individuals related to investment and support for investment in technical infrastructure for industrial parks in Kien Giang province.
This policy applies to cases where the project investor has not received any support funds from the state budget for the same support expenditure content. In cases where the project investor simultaneously meets the conditions of different support levels according to the provisions of this policy and other relevant legal provisions, the project investor is allowed to choose the most suitable support level.
The condition for support is that the project investor must complete all procedures for investing in and building technical infrastructure for the industrial park according to regulations. Support will be provided once after the project has been invested in, built and completed according to regulations.
The support level is 30% of the total investment capital of the project (excluding compensation, site clearance and resettlement support costs). The support fund is determined by the method of determining from the construction volume calculated according to the basic design and other requirements of the project.
The funding source for implementation is balanced by the provincial budget. The support fund is not included in the total investment of the project to calculate the land lease price and infrastructure usage price for investment projects.
According to the People's Committee of Kien Giang province, the development and promulgation of policies to support investment in the construction of technical infrastructure for industrial parks in Kien Giang province is in accordance with Government regulations and the direction of the Provincial Party Committee on industrial park development.
According to the provincial planning, by 2030 Kien Giang plans to develop 12 industrial clusters, with a total area of 595 hectares. To date, 3/12 industrial clusters have been established, with detailed construction planning approved, at a scale of 1/500, to facilitate localities in attracting investment. Of these, 2 industrial clusters have been assigned by the province to enterprises as investors in technical infrastructure, with a total area of 89 hectares.
