US giant backs Vietnam’s bid to lead ASEAN gas trade
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
On October 17 in Hanoi, the Investment Promotion Seminar to Quang Tri Province was attended by local leaders who said they are willing to roll out the red carpet for investors.
Delivering speech at the seminar, which was hosted by the Ministry of Planning and Investment, Nguyen Duc Chinh, Chairman of Quang Tri Provincial People’s Committee said that in order to exploit the economic potential of the province, Vietnam’s Prime Minister signed off on a South East Economic Zone of with a total area of 23,792ha along the coast of Quang Tri on September 16, 2015.
The Southeast Economic Zone of Quang Tri is a multi-sectoral economic zone is located near Bao Vang Mine – a potential source of gas power for processing products for export.
In order to create the most favorable conditions for all investors, Chinh pledged to shorten the time to issue investment decision for investors; provide good support for site clearance; apply the maximum incentive policy for enterprises in the framework of the Government's regulations on tax exemption and reduction, land and water surface rent, land law and environmental protection.
Chinh also promised a steady and sufficient supply of water and electricity. Water supply system will be constructed for investment projects in urban areas, industrial parks and economic zones. The clear land bank is allocated for investors to build housing for workers. Labors and labor training facilities will be sufficiently offered to investors in the province.
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
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