The Business Times: Samsung gets go-ahead for $1b plant

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Samsung gets go-ahead for $1b plant Posted: 03 Jul 2014 01:02 AM PDT The People's Committee of northern Bac Ninh province on July 2 granted an investment license to Samsung Display Co, Ltd for a US$1 billion project in the Yen Phong Industrial Park. Once fully operational, the project is expected to generate 8,000 jobs with revenues of US$6 billion per annum. Provincial People's Committee Chairman Nguyen Nhan […] The post Samsung gets go-ahead for $1b plant appeared first on Vietnam Business News.

Excessive FDI incentives will nullify benefits to society, say experts Posted: 03 Jul 2014 01:00 AM PDT Tax incentives offered by Vietnam to foreign direct investors help attract business and improve the competitiveness of the country in the global economy. However, when things go beyond the framework, there will be a "competitive race to the bottom". Local authorities' incentives overlapping state's incentives UNIDO, the United Nations Industrial Development Organization, has released a […] The post Excessive FDI incentives will nullify benefits to society, say experts appeared first on Vietnam Business News.

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