New industrial park constructed in Quang Nam
17:02 | 23/08/2017

VGP - The construction of Tam Thang 2 Industrial Park in the central province of Quang Nam, with the investment capital of VND350 billion (US$15.4 million) has started, which is expected to come into operation in two years.

Illustration photo

The project, built over 103ha in Chu Lai Open Economic Zone (EZ), is expected to cater to the rising land-lease demand in the province’s industrial zones.

Companies investing in Tam Thang 2 Industrial Park will enjoy tax incentives under the Government’s preferential policy for the economic zone.

They will be exempt from corporate income tax for four years and will enjoy 50% reduction for the next nine years. Then, a tax rate of 10% will be applied for 15 years. Besides, there will be a 50% reduction in personal income tax for experts, officials and employees working in companies in the industrial zone.

By Thuy Dung

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