Soc Trang: Calling for investment in 5 offshore wind power projects

Specifically, 5 offshore wind power projects that Soc Trang province calls for investment are:

- The offshore wind power project of Cu Lao Dung with the scale of 500MW in the sea area of ​​Cu Lao Dung;

- Offshore wind power project in Vinh Tan commune with a capacity of 200MW in the sea area of ​​Vinh Tan commune, Vinh Phuoc ward, Vinh Chau town;

- Vinh Hai offshore wind power project with a scale of 800MW in the marine area of ​​Vinh Hai commune, Vinh Chau town;

- Vinh Chau 1 offshore wind power project with scale of 260MW in Vinh Hai sea area, Vinh Chau town;

- Vinh Chau 2 offshore wind power project with scale of 1,000MW in the sea area of ​​Vinh Phuoc ward, Vinh Chau town.

Accordingly, Soc Trang province will apply a number of key incentives for investment in renewable energy projects. Specifically, corporate income tax incentives: apply a preferential tax rate of 10% for 15 years.

In case new investment meets the criteria of a socialization project, the preferential tax rate of 10% will be applied throughout the project operation period.

Exemption and reduction period: tax exemption for 4 years, 50% reduction of payable tax for the next 9 years.

In addition, businesses are also entitled to land rent incentives: free land rent, water surface rent for the entire rental period. Along with that is import tax incentives: tax exemption for imported goods to create fixed assets.

Tax exemption for a period of 5 years (from the beginning of production) for raw materials, supplies and components that cannot be produced domestically and must be imported for production.