Foreign businesses, including those from Finland, will enjoy anumber of preferential treatments when they invest in the Mekong deltacity of Can Tho.
Profitable investors in thefield of services for example, will receive corporate income taxexemption within two years, which will be reduced by 50 percent in thethree following years, said Deputy Chairman of the municipal People’sCommittee Dao Anh Dung at a recent workshop held in the city.
The locality will also grant tax-free for overseas businesses forcertain imported commodities such as equipment, machinery, spare parts,and specialised means of transport, Dung added.
Finland ’s Ambassador to Vietnam Kimmo Lahdevirta noted that two-waytrade reached 192 million USD in the first ten months of this year. Bothcountries are working to raise the figure to one billion USD in thecoming time.
Finland mainly exports machinery,equipment and timber products to Vietnam , while importing footwear,interior decorations, garments, IT equipment and office supplies fromthe Southeast Asian nation.
Vietnam andFinland signed an agreement on investment encouragement and protectionin 2008, which is considered an important legal foundation for bothsides to increase their trade links.
As of Octoberthis year, Finland had eight investment projects in Vietnam with atotal registered capital of over 320 million USD, becoming Vietnam’s27th largest foreign investor.
Finland ’ssmall and medium-sized projects mainly focus on manufacturing industrialglue, garments and timber products, heard participants.
Organised by the Can Tho City People’s Committee and Finland’s Embassyin Vietnam, the December 2 workshop was a good chance for businesses toexplore investment opportunities in the city and expand trade tiesbetween the two countries.-VNA
Profitable investors in thefield of services for example, will receive corporate income taxexemption within two years, which will be reduced by 50 percent in thethree following years, said Deputy Chairman of the municipal People’sCommittee Dao Anh Dung at a recent workshop held in the city.
The locality will also grant tax-free for overseas businesses forcertain imported commodities such as equipment, machinery, spare parts,and specialised means of transport, Dung added.
Finland ’s Ambassador to Vietnam Kimmo Lahdevirta noted that two-waytrade reached 192 million USD in the first ten months of this year. Bothcountries are working to raise the figure to one billion USD in thecoming time.
Finland mainly exports machinery,equipment and timber products to Vietnam , while importing footwear,interior decorations, garments, IT equipment and office supplies fromthe Southeast Asian nation.
Vietnam andFinland signed an agreement on investment encouragement and protectionin 2008, which is considered an important legal foundation for bothsides to increase their trade links.
As of Octoberthis year, Finland had eight investment projects in Vietnam with atotal registered capital of over 320 million USD, becoming Vietnam’s27th largest foreign investor.
Finland ’ssmall and medium-sized projects mainly focus on manufacturing industrialglue, garments and timber products, heard participants.
Organised by the Can Tho City People’s Committee and Finland’s Embassyin Vietnam, the December 2 workshop was a good chance for businesses toexplore investment opportunities in the city and expand trade tiesbetween the two countries.-VNA
