Vietnam to Offer More Incentives for Investors
The Vietnamese government is finalizing a draft decree on giving more favorable conditions for investors in industrial, processing and economic zones.
Under the decree, hi-end projects in industrial, processing and economic zones will enjoy more preferential taxes.
The government of Vietnam will reduce corporate income tax by 50 per cent for both Vietnamese and foreign people working in hi-tech parks and economic zones.
Vietnam’s industrial zones are forecast to attract a total of over 5,700 projects by late 2007, including around US$26 billion from 2,700 foreign investors and US$9.4 billion from domestic projects.
The country plans to build additional 22 industrial zones by the end of this year, raising its total number of industrial zones 164 of 34,000 hectares. (VNA)
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