Decision No. 23/2011/QD-UBND dated 24/6/2011 by People’s Committee of Soc Trang province issuing regulations on investment encouragement and support policies in Soc Trang province.
(Replacing Decision No. 47/2006/QD-UBND dated 22/12/2006 by Provincial People’s Committee issuing regulations on investment encouragement and support policies in Soc Trang province; and Decision No. 02/2007/QD-UBND dated 18/01/2007 by Provincial People’s Committee issuing regulations on investment encouragement and support policies in An Nghiep Industrial Park, Soc Trang province).
Besides general preferences as regulated, Soc Trang province also gives preferences to projects in the list of projects with special investment encouragements of the province:
    • Supporting in recovering and handing over land, leasing land;
    • Supporting in construction of infrastructure outside the project fence;
    • Supporting the consultation of administrative procedures related to investment activities;
    • Supporting costs for completing investment procedures;
        > 40% of investment project preparation costs (maximum of 250 million VND/project)
        > 100% costs for completing remained administrative procedures (from the date of issuing investment policy until the investment license is issued)
    • Supporting in trade promotion; In accordance with the trade promotion program annually approved by Provincial People’s Committee
    • Supporting in vocational training;
(For workers with permanent residence registration address in Soc Trang province)
        > 25% of tuition fee for projects with the number of trained workers from 50 to 150 people;
        > 40% of tuition fee for projects with the number of trained workers from 151 to 300 people; and
        > 50% of tuition fee for projects with the number of trained workers more than 300 people;
    • Supporting in technology transfer and application;
    • Bonus for trade promotion.
Organizations and individuals inside and outside the province (except from staffs and public servants directly working at the office of provincial People’s Committee, Department of Planning and Investment, Management Unit of Industrial Parks) who have direct credits in carrying out necessary tasks, mobilizing and calling for investments from regions outside and overseas to carry out investment projects under the list of projects with special investment encouragement of the province shall be given bonus in cash after the project is officially operated;
        > For projects with domestic investments: the bonus is 0.2% of total fixed investment capital of the project, but not exceeding 50 million VND/project
        > For projects with foreign investments (only for 3 investment modalities such as business cooperation contract, 100% foreign owned capital and joint venture): The bonus is 0.2% of total fixed investment capital of the project, but not exceeding 10,000 USD/project which will be paid in VND.