Thanh Hoa (VNA) – The central province of Thanh Hoa isoffering numerous incentives to call for investment in 50 projects totaling 5 billionUSD in the locality.

They include exempting land rental fees and providing financialassistance for industrial parks (IPs) infrastructure construction and solidgarbage treatment.

Organisations and individuals who encourage enterprises toinvest in the local IPs will also get a cash award of up to 500 million VND(22,000 USD).

According to Tran Thi Thu Hang, Director of the provincialCentre for Trade and Investment, nine out of 50 projects are in tourism sector withcombined capital of 1.7 billion USD, together with 13 industrial projects worth1.425 billion USD and nine urban area, industrial park and cluster projectsvalued at 945 million USD.

Prominent projects include a 700 million USD coastal resortin Quang Xuong district, a 300 million USD coastal tourism site in Sam Son cityand a 250 million USD plastic factory with annual capacity of 100,000 – 300,000tonnes.

Investment projects in culture, sport and environment fieldswill enjoy land lease exemption. They include the Thanh Hoa sports and fitnesscomplex worth 210 million USD, the 100 million USD Nghi Son urban environmenttreatment economic zone with the daily capacity of 17,000 cubic metres and the 80million grid-connected solar power plant.

A project to build the 300-bed Thanh Hoa Hospital ofTraumatology and Orthopaedics also enjoys a reduction of up to 60 percent ofthe land rental fees.

Besides land incentives, the local solid garbage treatmentprojects with the daily capacity of 200 tonnes will receive an assistance of320,000 VND per tonnes of solid domestic waste.

Businesses investing in developing infrastructure of industrialparks in districts and and textile industrial clusters with capacity of 250million USD will be provided with financial aid of between 0.7 – 2.3 billionVND per hectare.-VNA