Incentives for foreign hi-tech firms spotlighted

May 17th at 10:38
17-05-2013 10:38:29+07:00

Incentives for foreign hi-tech firms spotlighted

A number of policies and measures to support foreign direct investment (FDI) firms working in hi-tech sector were introduced at an international workshop in Hanoi on May 15.

 The event was co-hosted by the Ministry of Science and Technology and the Association of Republic of Korea (RoK) Enterprises in Vietnam.

Addressing the opening ceremony, Deputy Minister of Science and Technology Tran Viet Thanh stressed that the Government of Vietnam always pays due attention to working out policies and measures to support FDI companies, particularly those operating in the field of high technology.

He added that enterprises granted licenses to work in the hi-tech sector in Vietnam are eligible to tax and fee incentives.

RoK Ambassador to Vietnam Ha Chan-ho affirmed that the Vietnamese Government has issued policies to strongly facilitate investment and research in the field over the past time.

Participants at the workshop also learned about mechanisms and procedures to apply for licenses to operate in the field.

They shared experience and chances to invest in promising localities like the central coastal city of Da Nang.

Over the past time, the Vietnam - RoK cooperation has kept growing in various realms. The RoK has become Vietnam’s leading trade and investment partner, with 1,500 firms operating in the country.

vir



NEWS SAME CATEGORY

Drink firms hit by foreign rivals

Domestic beverage companies were falling into difficulties due to competition from foreign rivals, heard participants said at a workshop on Tuesday.

Courier firm to expand

DHL Supply Chain, a company that provides contract logistics solutions, announced yesterday that it would expand its business operations in Viet Nam with an...

Chinese province struts its stuff at City fair

More than 110 companies from the south-eastern Chinese province of Zhejiang have brought their products to an exhibition which opened yesterday in HCM City, hoping...

Trade with Mexico up in first quarter

Two-way trade between Viet Nam and Mexico reached US$199 million in the first quarter of this year, up 1.01 per cent compared to the same period last year.

Vietnam turning Chinese refuse tip?

Chinese toxic products have been flooding the Vietnamese market for the last many years. However, the problem has become more serious, more alarming, because they...

Foreign businesses struggle with complicated admin procedures

Customs procedures were still so cumbersome that businesses had to waste much of their time, said a representative from Canon Viet Nam, which has been operating in...

VN rises as smartphone producer

Japan's prestigious economic daily Nihon Keizai on Tuesday ran an article saying that Viet Nam is becoming a leading smartphone producer in the world.

Dearth of society investment hurts economy

The consequences of sharply declining investment within society have come into sharp focus.

Agro-forestry-fishery sector boosts overseas investment

Vietnamese businesses are intensifying investment abroad in the agro-forestry-fishery sector to expand their markets and save production and transport costs.

National carrier refueling IPO plans

Vietnam Airlines is developing a timeline for its much-delayed domestic initial public offering and overseas strategic offers, expected to be finalised in the next...


MOST READ


Back To Top