Win-win cooperation
At the working session with Ha Chan Ho, MPI Minister Vinh hailed Samsung’s win-win cooperation, saying this principle will benefit both sides and ensure long-term cooperation.
Samsung has been applauded for meeting its commitments to the Vietnamese government. After enjoying corporate income tax exemptions under current investment incentives, Samsung Electronics Vietnam (SEV) began paying the tax in 2013 and its 2014 corporate income tax is estimated at between US$60-70 million.
Samsung electronics plants in Bac Ninh province alone handed in nearly US$92 million (VND2 trillion) worth of taxes, including VND1 trillion in local taxes.
A SEV report shows SEV exports hit US$23.7 billion in 2013, making up nearly one fifth of Vietnam’s total export earnings. The localisation rate in its products also rose to 33% in the same year.
A US$2.5 billion SEV-invested electronics plant got off the ground in Thai Nguyen province last year and, when the plant is put into operation in March 2014, Samsung said it expects to raise its 2014 export value to US$35 billion.
With such an ambitious investment plan, Samsung aims to turn Vietnam into a premier leading production base in Asia.
Đăng ký: VietNam News
