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Submitted by honghanh on Tue, 07/01/2008 - 09:00

The Prime Minister has agreed to grant a preferential corporate income tax rate to Japan-based Nidec Corporation’s investment projects in Ho Chi Minh City’s Hi-tech zones.

These projects will be entitled to a tax rate of 10 percent if they meet the requirements for hi-tech products set by the Ministry of Science and Technology.

The Ministry of Finance is entrusted to work with the Ministry of Science and Technology and the Ministry of Planning and Investment to guide the implementation of the corporation’s investment projects.

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