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Investment Assistance

13/09/2019 11:00 |

​On the 30th of January, 2015, the Provincial People’s Committee issued the Dicision 04/2015/QĐ-UBND to promugate the Regulation on Investment Preferential Policies in Ben Tre province.

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An Hiep Industrial Park seen from above. Source: Management Board of Industrial Parks of Ben Tre

Chapter III of the Regulation is about Investment Assistance. In this Chapter, Article 6 stipulates the assistance with information and procedures to receive incentives, including:

1. Supporting with 100% of the cost of declaration published in three consecutive issues of the Dong Khoi newspaper (for newly invested business).

2. Assistance with publishing business information on website of Investment Promotion and Startup Center (for projects outside industrial parks) and website of Management Board of Industrial Parks (for projects inside industrial parks).

3. Assistance with formalities to receive investment incentives under current law.

Article 7 stipulates the assistance with workforce training, as follow:

1. Organizing and supporting with 100% of costs of training on laws and regulations relating to business and investment.

2. Assistance with domestic job training:

a) Criteria:

- Projects regularly employ more than 200 employees.

- Assistance is applicable to short-term training courses (in no more than three months).

- Fields of training are in line with fields of operation of the company.

- Each employee in a company is eligible to training assistance only once. Each employee shall be supported with training cost of VND200,000 per year, and the total amount of cost assistance should not exceed VND20 million per project.

b) Requirements:

- Assistance is applicable only once and for the first year a project is put into operation.

- Any company with a demand of workforce training must prepare a training plan and submit it to the Department of Labour, War Invalids and Social Affairs by the 1st of July of the previous year for approval.

Translated by Truong Hung

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