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Local socio-economic situation
Soc Trang province has an abundant labor source, the number of population in working age until 2020, the province has over 990,000 population in working age.
1. Corporate Income Tax:
– Enjoy the CIT rate of 10% for a period of 15 years;
– Tax exemption for 4 years, 50% reduction of payable tax for the next 9 years, the period of tax exemption and reduction is calculated continuously from the first year of having taxable income from the investment project, in case there is no taxable income in the first three years, from the first year there is revenue from the investment project, the tax exemption or reduction period is counted from the fourth year (Decree 218/2013/ND-CP dated December 26th) 2013 of the Government).
2. Preferential loans
Borrowing from the State's investment credit up to 70% of the total investment of the project, excluding working capital (Decree 32/2017/ND-CP dated March 31, 2017 of the Government);