From August 1, 2022, logistics in Vietnam service will be one of the priority industries to attract investment in Van Phong Economic Zone, Khanh Hoa province?
- Logistics in Vietnam service will be a priority industry to attract investment in Van Phong economic zone, Khanh Hoa province in the near future?
- What conditions must a strategic investor in Van Phong Economic Zone in Khanh Hoa province meet?
- In case the strategic investor is slow to disburse when implementing an investment project in Van Phong Economic Zone, how to handle it?
Logistics in Vietnam service will be a priority industry to attract investment in Van Phong economic zone, Khanh Hoa province in the near future?
Pursuant to Clause 1, Article 7, Resolution 55/2022/QH15 stipulates as follows:
“Article 7. Development of Van Phong Economic Zone
1. The list of industries and trades prioritized to attract investment in Van Phong economic zone includes:
a) Invest in building innovation centers, research and development (R&D) centers; investment in information technology, research, production and high technology transfer in the fields of ocean, maritime, biotechnology, marine medicinal herbs and marine ecology with an investment capital of 1,500 billion VND or more. up;
b) Investing in the construction and operation of commercial and financial centers with an investment capital of VND 12,000 billion or more;
c) Investment in construction and business of urban areas with a land area of 300 hectares or more or a population of 50,000 or more people; invest in the construction and business of hotels, resorts, high-class resorts and general entertainment with golf courses with an investment capital of VND 25,000 billion or more;
d) Investment in clean energy industry, high-tech processing and manufacturing industry, precision mechanics, oil and gas processing, electronics, health care service area with an investment capital of at least 6,000 billion copper or more;
dd) Construction and operation of airports, investment in harbors, port areas in special seaports, logistics services, seaport logistics services, wharves, port areas, general ports, specialized ports with the scale of investment capital is 2,300 billion VND or more in class I seaports;
e) Investment in construction and business of infrastructure in non-tariff zones with an investment capital of VND 6,000 billion or more.”
Accordingly, the industries listed under the above regulations will be the priority industries to attract investment in Van Phong Economic Zone, Khanh Hoa province in the near future, including logistics in Vietnam services.
From August 1, 2022, will logistics in Vietnam services be one of the priority industries to attract investment in Van Phong Economic Zone, Khanh Hoa province? (Image from the internet)
What conditions must a strategic investor in Van Phong Economic Zone in Khanh Hoa province meet?
Pursuant to Clauses 3 and 4, Article 7 of Resolution 55/2022/QH15 stipulates as follows:
“Article 7. Development of Van Phong Economic Zone
...
3. A strategic investor must satisfy one of the following conditions:
a) Having a charter capital of VND 10,000 billion or more or having total assets of VND 25,000 billion or more when implementing an investment project specified at Points b and c, Clause 1 of this Article and having experience in project investment. in a similar field with a total investment capital of VND 10,000 billion or more;
b) Having a charter capital of VND 3,000 billion or more when implementing an investment project specified at Points d and e, Clause 1 of this Article and having experience in investing in projects in the same field with a total investment capital of from 6,000 billion or more;
c) Having a charter capital of 1,000 billion VND or more when implementing an investment project specified at Point dd, Clause 1 of this Article and having experience in investing in projects in the same field with a total investment capital of at least VND 2,000 billion. above;
d) Having a charter capital of VND 500 billion or more when implementing an investment project specified at Point a, Clause 1 of this Article and having experience in investing in projects in a similar field with a total investment capital of at least VND 1,000 billion. above.
4. The strategic investor must have a written commitment to training and developing human resources, meeting the conditions for ensuring national defense, security and environmental protection as prescribed by Vietnamese law. "
Accordingly, depending on the investment project according to the list of priority industries to attract investment in Van Phong Economic Zone, strategic investors must meet the minimum capital conditions as prescribed above.
In addition, strategic investors in Van Phong Economic Zone in Khanh Hoa province must also commit to training and developing Vietnamese human resources, ensuring national security and protecting the environment.
In case the strategic investor is slow to disburse when implementing an investment project in Van Phong Economic Zone, how to handle it?
Pursuant to Clause 10, Article 7 of Resolution 55/2022/QH15, as follows:
“Article 7. Development of Van Phong Economic Zone
...
10. During the implementation of an investment project, if the strategic investor does not meet the capital requirements, disbursement schedule and other conditions applicable to the strategic investor, he/she will not be entitled to the incentives specified in this Circular. provided for in this Resolution. Investors are responsible for the consequences arising from failure to fulfill their commitments in accordance with the law.”
Accordingly, in case an investment project is being implemented, but the strategic investor does not meet the conditions on disbursement progress, he will not be entitled to investment incentives under Resolution 55/2022/QH15 in the Economic Zone. Van Phong, Khanh Hoa province.
Resolution 55/2022/QH15 will take effect from August 1, 2022.
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