Offer High Incentives, Jababeka Group Interested in Investing in Vietnam's Viet Nam Economic Zone
By : Aldo Bella Putra | Friday, July 21 2017 - 06:45 IWST
INDUSTRY.co.id - Jakarta- Jababeka Group visits four provinces in Vietnam, namely Danang, Quang Nam, Thua Thien-Hue, and Quang Tri on 10-13 July 2017.
Meeting with the provincial government to discuss possible investment in urban areas, industrial estates, and modern services in this area.
Budianto Liman, President Director of Jababeka Group, expressed interest in investing in the Dong Nam Economic Zone offering high incentives. Jababeka Group itself is a pioneer of industrial estate development in Indonesia.
Currently, many projects in the Dong Nam Economic Zone are waiting for the certainty of the results of the My Thuy International Port project, which is still awaiting government approval. About 10 projects have been registered at Dong Nam Economic Zone with a total investment of VND62.3 trillion ($ 2.83 billion), focusing on port, geothermal, energy and infrastructure services.
In Thua Thien-Hue, Jababeka Group as reported by The President Post Indonesia is interested to invest in a city industrial estate project in Chan Economic Zone May-Lang Co.
Currently, the incentives offered in industrial estates in Vietnam are considered the highest. These incentives include the exemption of the Corporate Income Tax for the first four years after generating taxable income, a 50 percent reduction in the Company's Revenue Tax over the next nine years, and a 10 percent reduction of the Company's Revenue Tax for the first 15 years.
As the city's first industrial developer in Indonesia, Jababeka Group is a leading developer of industrial parks in Southeast Asia. Their well-known projects include Jababeka Industrial Estate in Cikarang, Kendal Industrial Area in Central Java, and Special Economic Area of Tourism Tanjung Lesung.