With Ben Tre Province's two key industrial parks (IPs) almost fully occupied, the Mekong Delta province has called for investment in infrastructure at five other parks to meet the demand for industrial land.
Many investors have considered these projects but pulled out after calculating the returns on their investment.
The province recently issued a decision listing a raft of new incentives for IP infrastructure investors.
The rent for land set aside for building IP infrastructure will be just 0.25 per cent of that reported annually by the province and will remain unchanged for the first five years.
Besides, land rents will not have to be paid during the period of capital construction or 36 months, whichever is later.
The province will provide investors more land for building resettlement areas for displaced people, houses for workers and logistics facilities.
It will also build pavements and roads and install water and electricity supply systems, drainage along with system outside IPs. It will support investors in making detailed 1/2000-scale plans for parks.
The provincial authorities will be responsible for acquiring lands and clearing them, and provide investors 30 per cent of the cost of compensation by offsetting against rentals.
They will also provide support by inviting other businesses to invest in parks and help them recruit and train workers. Parks in many places around the country have been finding it difficult in recent times to find workers.
The new incentives are good enough to attract infrastructure investors, many investors have said.
More than 30 businesses had come to the province by September this year, looking for investment opportunities, according to Ben Tre IPs authority.