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This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

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PURCHASING MANAGER - DETMOLD PACKAGING

Involved in carry out, application and maintenance of the company processing system.

FAR EAST PLANNING MANAGER - WAHL VIETNAM CO.,LTD

Manage business relationship with co-workers, stakeholders, suppliers and customers

PROCESS DELEGATE SPECIALIST - BOSCH VN

The Bosch Group is a leading global supplier of technology and services, in the areas of automotive and industrial technology, consumer goods as well as building technology. 

Samsung Vietnam gets tax breaks for giant plant

2013-06-19 14:37:36

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Thai Nguyen has announced tax breaks and other incentives for the four plants Samsung plans to build in the northern province.

 

Work began three months ago on a hi-tech complex in the Yen Binh Industrial Zone in Pho Yen District, and in a statement on its website, the province administration said Samsung would start receiving the incentives after it satisfies investment requirements.

 

A US$2 billion cell-phone and tablet-computer factory does not have to pay tax for the first four years of operation and will get a 50 percent break for the next 12 years. The other three – work on which has yet to start – including a $1.2 billion unit in the complex that will assemble microprocessors and integrated circuits, will have their infrastructure rentals subsidized by 50 percent.

 

A tax official said on the website that the complex would be paying tax of at least VND700 billion ($33.4 million) from its fifth year of operation.

 

The handset plant is scheduled to begin production later this year with an annual capacity of 100 million phones and other electronic devices.

 

Samsung opened its first plant in Vietnam – and second largest handset factory worldwide after its Kumi plant in South Korea – in Bac Ninh in 2009 with an initial investment of $670 million. It expanded the plant last year, with the total investment rising to $1.5 billion. That plant too received several incentives, including tax breaks. Samsung's exports from Vietnam last year were worth $12.7 billion, more than 11 percent of the country's total exports.

 

Prime Minister Nguyen Tan Dung was quoted by news website VnExpress as saying at the ground-breaking ceremony for the Thai Nguyen complex last March that the company's exports are expected to top $20 billion each year.