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.
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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.
Source: VGP