The Mekong Delta’s Soc Trang province will offer a range of incentives for investors building the Tran De Deepwater Seaport, according to local authorities.
Investors will be exempted from taxes for the first four years and enjoy a 50 per cent reduction in taxes for the following nine years. They will also benefit from a preferential tax rate of 10 per cent for a period of 15 years.
Land and water surface rental fees will also be removed.
In the first five years of operations, investors will also be exempted from import taxes on materials, machinery, and equipment.
Under the province’s plan, the Tran De Deepwater Seaport will cover 1,400 ha and be capable of berthing vessels of up to 160,000 DWT and handling 30-35 million tons of cargo a year by 2030.
The Prime Minister has added the port to a master plan on the development of Vietnam’s seaports from 2021-2030 with a vision to 2050.
The province’s plan is expected to be completed by the first quarter of 2024 for submission to the Prime Minister for approval.
Google translate