Hau Giang province
affirmed to speed up administrative procedures reformation, reducing 50% of the
time for granting investment licenses and business registration, creating
favorable conditions for investors when they set up business.
In which, Hau Giang
province is calling for investment in 7 key projects, including industrial zone
infrastructure development, hi-tech agriculture and ecotourism… with a total
investment of nearly 300 million USD.
According to the vice
chairman of Hau Giang People’s Committee, besides the policies in accordance
with general regulations, localities also have their own incentive mechanisms
for investors such as tax incentives, land rent exemption and reduction,
investment support for manufacturing, preservation and processing facilities…,
especially projects for sustainable development of agriculture and high
technology application…
Furthermore, Department of Planning and Investment of Hau Giang
province affirmed that
the local authorities will shorten the maximum time for carrying out
procedures, creating favorable conditions for enterprises and investors.
Specifically, the business registration procedure is 3 days according to the
law, but the locality can complete in 1.5 days. Regarding the investment
policy, the law regulates 32 days but it is shortened to 15 days by the
locality; time to receive and appraise for issuing investment certificate is
only 3 days; discounted 2 days as prescribed.
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