The authorities at the Dung Quat Economic Zone in central Vietnam are offering numerous incentives to potential investors, according to the Vietnamese News Agency. Le Hue, vice-chairman of the Zone’s management authority, told a recent meeting organised by the American Chamber of Commerce in Vietnam that companies establishing themselves in the Zone would be exempt from paying duties on imports on materials and semi-finished products for five years. In addition, a preferential corporate tax rate of only 10% will be applied during their first 15 years of production operations, with a 50% tax discount on the normal tax rate in the following nine years (years 16-24).
