Monday, December 10, 2007

Vietnam's Chu Lai free trade zone incentives

Incentives for investments in Chu Lai free trade zone

Nhan Dan – All projects invested in the Chu Lai Free Trade Zone (FTZ) will enjoy a 10% corporate income tax throughout the year the project is in operation, according to a new decision signed by the Prime Minister on the organisation and operation of the Chu Lai FTZ in the Chu Lai Open Economic Zone in central Quang Nam province.

Under the decision, the Chu Lai FTZ is requested to be built into a centre for trade, imports, exports, international exhibitions and fairs,

In addition to the investment incentives stated in the Regulations for operation of Chu Lai Open Economic Zone, new business establishments set up from investment projects in infrastructure, hi-tech, special technology, clean industry and technology in the Chu Lai FTZ will also enjoy free tax for four years since they have taxable income and the taxation will be reduced by half in the following nine years.