South Korean manufacturers have been shifting the focus of their overseas direct investment to Viet Nam from China thanks to tax incentives, cheaper labour and other favourable conditions, Yonhap reported on Thursday.
The municipal People''s Council has decided
to provide an additional tax incentive for an expansion plan of the
Samsung Electronics HCM City CE Complex at the Sai Gon Hi-Tech Park.
The finance ministry issued Circular No. 83/2016/TT-BTC ("Circular 83")
on June 17, 2016. It guides the implementation of investment tax
incentives prescribed in the Investment Law and Government decree No.
118/2015/ND-CP, which details and regulates several articles of the
Investment Law.
