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VietNamNews

PM considers incentives for sponge iron factory

Update: August, 01/2012 - 10:16

NGHE AN — The People's Committee of the central province of Nghe An has proposed that the Prime Minister offer incentive policies to the US$1 billion Kobelco Viet Nam Co Ltd's sponge iron factory.

Under the proposal, the province suggested the Government to provide the project with a 50 per cent corporate income tax reduction within 15 years since operation and a waive of import tax in first five years. — VNS

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