Vietnam Province Offers Incentives for Investors
The central province of Ha Tinh has committed to offer incentives for investors with projects in Cau Treo International Border Gate and Vung Ang economic zones (EZ), the local Saigon Times Daily reported March 24.
Concerned investors will enjoy simpler procedures, shorter time to get licenses and certificates for the projects.
They will have to pay corporate income tax rate of 10 per cent for 15 years from the time when projects come into operation and receive income tax exemption for four years when firm earn profits and particularly a 50 per cent reduction for the following nine year.
Vung Ang EZ owns many advantages for investment projects with the Vung Ang – Son Duong deepwater seaport that can serve 150,000-ton ships, said the zone’s Head of Management Board, Tran Nam Hong.
Vung Ang is located on a national highway that connects to the Cau Treo and Cha Lo border gates leading to Laos and Thailand.
As of late 2007, Vung Ang EZ attracted 29 projects worth VND45 trillion (US$2.9 billion), mostly focusing in the areas of metalwork, engineering, and shipyard projects, he added.
Fifteen of the projects have been put into operation and nine others are now under construction. (Saigon Times Daily, Thanh Nien Daily)
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