Industry Analysis Manufacturing

Advantages of Vietnamese Manufacturing over Chinese Manufacturing

CRI’s market survey shows that Vietnamese manufacturing has the following advantages over Chinese manufacturing. 1. Preferential Policies on Taxes and Foreign Investment (1) Advantages of Bonded Zones The Vietnamese government has approved the establishment of several bonded zones. The products manufactured by enterprises established in these bonded zones are exempt from tariffs and value added tax. Enterprises established in the bonded zones are exempted from corporate income tax in the first profit-making years and enjoy reduction in corporate income tax in the following two years. There are also more preferential…

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