Under the terms of the decision, central budget will finance key projects on infrastructure. Especially, large-scale infrastructure construction projects will be allowed to issue bonds.

Projects on infrastructure, public works and services essential for BGEZs will be listed as ODA projects.

All foreign organizations as well as individuals, overseas Vietnamese are encouraged to invest in BGEZs, even under the forms of Build-Operate-Transfer (BOT), Build-Transfer (BT) and Build-Transfer-Operate (BTO).

Investors will be given numerous incentives in terms of taxes, fees, rental of land, and other policies.

Specifically, new enterprises founded under investment projects in BGEZs will enjoy a preferential tax rate of 10% for 15 years, an income tax exemption for four years, and a half-cut reduction for the following nine years.

Overseas Vietnamese and foreigners working in BGEZs will have to pay a half of their income tax.

Goods and services produced and consumed in NTZs, those imported into NTZ and exported from there will be exempted from value-added tax.

By Hương Giang