Bim Son A Industrial Zone

Bim Son A Industrial Zone – Thanh Hoa holds an extremely advantageous location, close to key economic regions of Vietnam: – Description: Located west of National Highway 1A, north of Thanh Hoa province, near the North–South railway – Distance to Hanoi Capital: 120 km (2 hours) – Distance to Noi Bai Airport: 138 km (2 hours 30 mins) – Distance to Hai Phong Port: 150 km (3 hours) – Distance to Tho Xuan Airport: 74 km (1 hour 15 mins) – Distance to Nghi Son Deep-Water Port: 108 km (1 hour 30 mins) – Distance to Thanh Hoa City Center: 34 km (30 mins) – Distance to FLC Golf Course: 52 km (1 hour) – Target Industries for Investment: Textiles and garments, footwear, automotive assembly and manufacturing, mechanical engineering, high-grade building materials, steel structures, electronics, high-tech products, processing of agricultural and forestry products for export...

Corporate Income Tax (CIT):

• Corporate tax rate incentive of 20% for the first 15 years
• Tax exemption for 2 years (starting from the first profitable year)
• 50% CIT reduction for the next 4 years

Personal Income Tax (PIT):

• 50% PIT reduction for experts working on specially encouraged projects

Import Tax:

• 0% duty on imported machinery and equipment forming fixed assets

VAT:

• 10% for FDI projects
• 0% for Export Processing Enterprises (EPEs) (Lưu ý: "10% cho các công ty chế xuất" ở bản gốc có thể là sơ suất đánh máy, thực tế công ty chế xuất áp dụng thuế suất VAT 0%)

Special Support Projects:

• Preferential corporate tax rate of 10% for the first 15 years
• Tax exemption for 4 years (starting from the first profitable year)
• 50% CIT reduction for the next 9 years