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KCCI. VIETNAM-TRADE PROMOTING PROGRAM (KCCI-VCCI) May 03, 2010. TAY NINH PROVINCE - DESTINATION FOR FOREIGN INVESTORS. VIETNAM. GDP growth (2009 – 2008). VIETNAM. Investment capital of total society (2009). US$37 billion Increased by 15.3% (2008) 42.8% of GDP. VIETNAM. FDI (2009).
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KCCI VIETNAM-TRADE PROMOTING PROGRAM(KCCI-VCCI)May 03, 2010 TAY NINH PROVINCE - DESTINATION FOR FOREIGN INVESTORS
VIETNAM GDP growth (2009 – 2008)
VIETNAM Investment capital of total society (2009) • US$37 billion • Increased by 15.3% (2008) • 42.8% of GDP
VIETNAM FDI (2009) • Total: US$21.5 billion • 839 newly-authorized projects’ pledged capital: US$16.3 billion • 215 previously-authorized projects’ supplementary pledged capital: US$5.1 billion
VIETNAM Exports (2009) • State-owned sector: US$26.7 billion • Foreign –invested sector: US$29.9
VIETNAM Export markets of major products (2009) • Garment – Textile: • the U.S.: US$4.9 billion • EU: US$1.7 billion • Japan: US$930 million • Crude oil: • Australia: US$1.5 billion • Singapore: US$1 billion • Malaysia: US$780 million • the U.S.: US$430 million • China: US$420 million • Aquatic products: • EU: US$1.1 billion • the U.S.: US$710 million • Japan: US$120 million
TAY NINH • West and Northwest: Cambodia • East: Binh Duong, BinhPhuoc • South: Ho Chi Minh City, Long An
TAY NINH • Road system: • Across Asia road • Highway 22B
TAY NINH • Waterway system: • Saigon River • Vam Co Dong River • Ben Keo river port (2,000 tons)
TAY NINH • Combined development of agriculture – forestry – pisciculture food & foodstuff processing industry • Mineral exploiting & processing industries
TAY NINH • Tourism: cultural tourism, eco-tourism, leisure ~, sport ~
TAY NINH GDP structure (2010)
TAY NINH Industry • Trang Bang IP • Phuoc Long – Boi Loi IP • Bourbon – An Hoa IP • Industrial Complexes in MocBai Border Economic Zones
TAY NINH Trade – Services - Tourism • Border trade: MocBai Border IP, Xa Mat Border IP • The regional entrepot of export & import goods • finance, credit, post, transport, tourism
TAY NINH Agriculture – Forestry - Pisciculture • Intensive agriculture • Materials for processing industries • Increase the volume of export highly – processed goods • Forestry development
TAY NINH Preferential treatments for investment Fields: • Producing new materials, new energy & high-tech products • Developing biological technology, information technology • Machinery • Cultivating and processing agricultural, forestry and aquatic products • Producing artificial varieties of plants & animals
TAY NINH Preferential treatments for investment Fields: • High-tech & advanced technique using industries • Protecting the ecological environment • Research & Development • Improving infrastructure • Developing labor-intensive industries • …
TAY NINH Preferential treatments for investment Projects: • TayNinh trade & service center (15,000 m2) • Projects invested in the province’s industrial parks and industrial complexes (8 industrial parks & 22 industrial complexes) • Commercial & residential building projects • Vocational training projects
TAY NINH Preferential treatments for investment Projects: • fuel ethanol, rubber products, fertilizers from garbage, tires & tubes • post-flour products, fruits for export, cattle-feed • husbandry, meat & milk processing • tourism development: Ma ThienLanh – Ba Den Mountain eco-tourism area, DauTieng Lake eco-tourism area, Lo Go – Xa Mat national park … • high-quality hospitals & clinics • …
TAY NINH Preferential treatments for investment Land rent: • (tax-exemption as from the implementation of construction & start of operation) • TayNinh town: 3 years (favored fields), 7 years (specially favored ~) • Trang Bang, Go Dau, Duong Minh Chau, Hoa Thanh: 7 years, 11 years • Tan Bien, Tan Chau, Chau Thanh, Ben Cau: 11 years, 15 years
TAY NINH Preferential treatments for investment Corporate income tax • Tax rate: (as from the beginning of operation) • 20%, 10 years: new projects – Trang Bang, Go Dau, Duong Minh Chau, Hoa Thanh • 15%, 12 years: current projects – Trang Bang, Go Dau, Duong Minh Chau, Hoa Thanh • 10%, 15 years: current projects – Tan Bien, Tan Chau, Chau Thanh, Ben Cau
TAY NINH Preferential treatments for investment Corporate income tax • Income tax – exemption & reduction:
TAY NINH Preferential treatments for investment Administrative reform TayNinh Investment – Trade – Tourism Promotion Center
THANKS FOR KCCI & VCCI ! Wish all representatives health, prosperity and success ! THANKS FOR YOUR ATTENDANCE !