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An Phuoc IP
Vietnam Property Listing - rent House Villa - Expat Ho Chi Minh - office for lease
Main > Industrial > Lao Bao (EZ) Economic Zone
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Our Ref. Numer: 258
Type: Industrial
Featured: No

Located along Highway No 9 about 60 km west of the provincial capital Dong Ha and not far from the Lao Bao border gate with Laos, the trade zone covers 15,804 hectares with an initial cost of over USD$32 million.

New preferential polices issued in early 2005 allow foreign and domestic investors to enjoy corporate in¬come tax exemptions for 4 years after their first year of operations and a 50% reduction for the follow¬ing 9 years and a 90% rate after that. Furthermore, employees with taxable incomes will only have to pay 50% of their personal income rate. The Lao Bao Economic Zone is a major project to take advantage of the East-West Corri¬dor -a 1,500 km all-weather road running through Myanmar, Thailand and Laos. When complete, it will link Mawlamyine on the Andaman Sea in Myanmar to Da Nang in Viet Nam on the East Sea. In order to accommodate vehicles from Thailand, where cars drive on the left side of the road, right-hand drive vehicles will be allowed for vehicles transporting commodi¬ties and passengers to and from the zone. So far, over 50 foreign and local enterprises worth over USD$25 million and 1,500 small businesses have registered to set up in the zone.

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More Information
Regional: Central Economic Region-CKER
City/Province: Quang Tri

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The information contained herein is believed to be true but does not form part of any future contract. Although obtained from sources we deem reliabel, we assume no responsibility and no warranties are made or implied regarding any errors, omissions, prior sale or withdrawal from the market without notice and the purchaser will need to make their own enquiries and independent investigations as to the facts and suitability of the property for their intended use or purpose.
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