Employers are also allowed to recruit foreign workers based on job requirements without being subject to any quota or limitation on the proportion of foreign employees.
The move sends a clear message to the international community regarding Vietnam’s readiness to cooperate, partner, and share development opportunities.
A newly-registered project in the international financial center shall be entitled to a corporate income tax rate of 10 percent for 30 years, if it belongs to priority business lines in the IFC.
The 13 projects span four critical sectors of road and rail transport; industry and trade; urban development and housing; and healthcare and social welfare.