HCM City funds preferential investment

The HCM City planning and investment service on 5 January said that in 2004 it had awarded certificates of preferential treatment for investment to 225 projects with capital totalling 3.952 trillion dong, a hike of 5% compared with 2003.
These companies are entitled to preferential treatment for corporate income tax. They are also supported with investment for development. Individual investors are not subject to corporate income tax within five years from initial operation so that such a tax value becomes capital contribution to their businesses.

 

Category: Business