return icon Vietnamnet.vn

Thailand approves new incentive packages to boost foreign investment

Thailand’s Board of Investment (BOI) on September 20 adopted a set of incentive measures to attract foreign businesses’ investment in the country.

Thailand approves new incentive packages to boost foreign investment hinh anh 1

BOI Secretary-General Duangjai Asawachintachit (R) at the meeting (Photo: thainews.prd.go.th)

 


Local media quoted BOI Secretary-General DuangjaiAsawachintachit as saying that the new packages, named “Thailand Plus”, wereapproved during a BOI meeting under the chair of Prime Minister PrayutChan-o-cha.

The promotional privileges include a corporateincome tax exemption for 5-8 years. Projects located outside Bangkok areentitled to a 50 percent deduction in corporate income tax for five years, onthe condition that they are submitted for promotional privileges before the endof 2020, worth no less than one billion THB (32.8 million USD) in investmentcapital, and carried out in 2021.

To develop human resources and build up the highskilled workforce, project entrepreneurs should organize skills training fortheir personnel and allow students to undergo skills training before they enterthe job market.

The measure provides for expenditureincurred in the training of personnel to be added to the allowable deductionsin corporate income tax, for which no minimum cost of such expenditure is set.

Entrepreneurs who allow students toundergo skills training in science and technology will qualify for a corporatetax exemption.

Those who have their personnel undergotraining in targeted technology will have twice as much the amount ofexpenditure on such training entitled to a corporate tax exemption.

These entrepreneurs are required to filerequests for such promotional privileges in 2021.

Educational or training institutions willreceive exemption of import duty on machinery. Applications must be submittedby the year 2021 and applicants must be engaged in the BOI eligible activitiesunder the current investment promotion scheme./. VNA

 

MORE NEWS

Mulan storm heading towards Mong Cai City

The National Center for Hydrology Meteorology Forecasting informed that at 7:00pm August 9, Mulan was located in the Northeast of Paracel Islands, about 290km Southeast of Hainan Island (China).

Building on the ASEAN Community

August 8 marked ASEAN’s 55th anniversary of establishment. Minister of Foreign Affairs Bui Thanh Son writes about the journey of ASEAN development and Vietnam’s contributions to the organisation.

Flight returns to Hanoi with sick Japanese passenger

A flight of national flag carrier Vietnam Airlines had to return to Noi Bai International Airport in Hanoi on Monday while travelling to Japan to save a Japanese boy who suffered from severe nosebleeds.

Vietnam needs skilled workforce to become upper-middle-income economy by 2035: WB

Vietnam will need a skilled workforce to transform itself into an upper-middle-income economy by 2035, the World Bank has suggested in its recently-released report named “Taking Stock: Educate to Grow”.

Da Nang launches tourism programme to attract RoK visitors

The Da Nang Department of Tourism has recently organised a special tourism promotion in Seoul aiming to attract a large number of travelers from the Republic of Korea (RoK) to the central city in the post COVID-19 pandemic period.

Vietnamese instant noodles under the microscope in Cambodia

Cambodian authorities will conduct an inspection of instant noodles imported from Vietnam that are alleged to contain banned substances ethylene oxide said to exceed the permit limits set by the EU, according to Vietnam’s Trade Office in Cambodia.

Vietnam sees increasing investment in education: report

Investment in education in Vietnam tended to increase steadily over the past decade, according to a report by the Vietnam National Institute of Educational Sciences (VNIES).

Vietnam's fisheries businesses face export growth slowdown

Enterprises in the fisheries sector are facing an export slowdown after strong shipments in the first months of 2022, which may subsequently affect their growth in the time ahead.

US extends duty evasion investigation into plywood from Vietnam

The US Department of Commerce (DOC) has announced the extension of the deadline for issuing its final conclusion on a trade remedy duty evasion investigation into hardwood plywood imported from Vietnam.

Forest covers 42.02% of Vietnam’s total area by end of 2021

Vietnam had 14,745,201ha of forest area, of which 10,171,757 ha are natural forests and 4,573,444 ha are planted ones, including open canopy forests, as of December 1, 2021.

Da Nang, Finance Ministry top Digital Transformation Index

Da Nang and the Ministry of Finance once again topped the Digital Transformation Index (DTI) rankings for 2021, the Ministry of Information and Telecommunications announced on August 8.

“Da Nang Electronic Carnival” rave to take place on August 13-14

Residents and tourists to the central city of Da Nang are expected to have “sleepless nights” at the “Da Nang Electronic Carnival - Take Me To The Sun” festival scheduled for August 13-14.

Universities with autonomy complain about overlapping legal documents

Leaders of many universities and academies say they face many obstacles implementing the autonomy regime because of inconsistent legal framework.

The rush for 'lucky' numbers on vehicle plates begins in Vietnam

Analysts say that demand for vehicle number plates with numbers that bring good luck is very high.

HCMC draws up plan to prohibit passenger cars from entering inner city

Under a draft plan opened by the HCM City Transport Department for public opinion, the plan on prohibiting passenger cars from entering the inner city will be implemented in two stages.
back_to_top