KBC’s Trang Due IP to offer preferential incentives

The Government Office of Vietnam has just announced the addition of Trang Due Industrial Park into Dinh Vu – Cai Hai Economic Zone in northern Haiphong port city, allowing investors in the park to enjoy more preferential incentives.

According to the decision signed by Prime Minister Nguyen Tan Dung on June 27, Dinh Vu – Cat Hai Economic Zone will officially include 400-hectare Trang Due Industrial Park (IP) from August 15, 2013. This means domestic and foreign investors inside the IP will enjoy tax incentives offered to economic zones - one of the highest ones offered to investors in Vietnam at present.

Developed by Vietnam’s Kinh Bac City Development Holding Corporation with the total investment capital of $50 million, approximately 60 per cent of Trang Due (IP) were leased to domestic and foreign investors by the end last month.

South Korean’s giant LG Electronics is now in discussion with the local authorities to build a huge manufacturing complex in this IP, capitalised at around $1.5 billion.

vir

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