Đồng Nai to convert industrial park to urban area

February 26, 2024

ĐỒNG NAI — Đồng Nai Province has approved a plan to transform Biên Hòa 1 Industrial Park into an urban – commercial – services area and improve the environment around it. According to its People’s Committee, the makeover of the industrial park is a key feature of plans to change the city’s urban appearance, increase the efficiency of land usage and reduce pollution in the Đồng Nai River. There will be supportive policies to execute this project, including income tax, land use fee, value added tax, and import tax breaks, access to credit, among others. Việt Nam’s oldest industrial park was built in 1963, and now has over 70 businesses leasing land, 67 of them until 2051. One of the most economically important provinces in the South, Đồng Nai has 31 industrial parks in operation that house investors from 44 countries and territories.

The source of this news is from Vietnam News