- Samsung Vietnam CEO discussed VAT refunds for its HCMC subsidiary with the Finance Minister.
- They also talked about additional corporate income tax incentives for Samsung’s projects in Bac Ninh, Thai Nguyen, and HCMC.
- The Finance Ministry plans to submit the CIT incentives issue to the National Assembly for review.
- South Korea is a key partner for Vietnam, being the top foreign investor and second-largest ODA provider.
- Samsung is Vietnam’s largest foreign investor, employing around 100,000 Vietnamese workers.
- The Finance Minister hopes Samsung will expand investment and promote sustainable growth in high-tech industries.
- Current tax regulations in Vietnam treat domestic and foreign investors equally.
- The Ministry of Finance holds policy dialogues with Korean businesses on tax and customs regulations.
- A decree was issued for the Investment Support Fund to assist eligible corporations and businesses.
- Samsung acknowledges the favorable business environment fostered by the Vietnamese government.
Source: theinvestor.vn
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
