3:26:33 PM | 7/8/2005
Vietnam and Spain on March 7 officially signed an agreement aimed at avoiding double taxation and preventing smuggling between the two countries.
The signing of the agreement took place during an ongoing Vietnam visit by Spanish Secretary of State for Trade & Tourism Pedro Mejia Gomez.
According to Vietnam’s Deputy Finance Minister Nguyen Thi Bang Tam, the agreement will create more favourable conditions for boosting economic and investment cooperation between the two countries. It will also ensure tax incentives for Spanish investors.
By the end of November 2004, total investment of Spanish investors in Vietnam had reached only US$1 million
Vietnam has so far signed double taxation avoidance agreements with 43 countries.
Vietnamese
