Samsung Electronics Vietnam, a wholly-owned subsidiary of Samsung Electronics of the Republic of Korea has received approval from the Government to raise its investment in northern Bac Ninh province from US$1.5 billion to US$2.5 billion.
- Samsung set to increase investment in Vietnam
- Samsung’s second plant to take shape in Vietnam
- Samsung investment to hit US$1.5 billion
According to the Bac Ninh provincial Department of Planning and Investment, the added capital will be invested in another plant with special incentives.
Samsung will continue to pay a preferential tax of 10 percent for 30 years, with corporate income tax exemptions for the first four years and tax reductions for the next five years. The normal corporate income tax in Vietnam is 25 percent.
Head of the provincial Department of Planning and Investment Nguyen Quoc Chung said the preferential tax was approved by the Government and related ministries and agencies.
The province has not offered additional incentives to the investors, he added.
Last year, Samsung was approved to increase investment to develop its complex in the province from US$670 million to US$1.5 billion.
The complex has produced mobile phones, laptops and other electronic products.
Đăng ký: VietNam News
