Nidec Corp enjoys preferential corporate income tax

The Prime Minister has agreed to grant preferential corporate income tax to Japan-based Nidec Corporation’s investment projects in Ho Chi Minh City ’s Hi-tech zones.

These projects will be entitled to a tax rate of 10 percent if they meet requirements on production of hi-end products set by the Ministry of Science and Technology.

The Ministry of Finance is entrusted to work with the Ministry of Science and Technology and the Ministry of Planning and Investment to guide the implementation of investment projects of Nidec.

VNA

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