Samsung Receives Tax Breaks For New Plants
News: South Korean technology firm Samsung will receive tax breaks for four new plants to be built in Yen Binh Industrial Zone of Pho Yen District in northern Vietnam. A US$2bn cellphone and tablet assembly plant would not be required to pay tax for the first four years of operation and will receive a 50% tax break for the next 12 years. The other three plants would get their land rent subsidised by 50%. The handset plant is expected to start production by end-2013.