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    Vietnam Set Up Special Zones To Offer Preferential Treatment To Small And Medium-Sized Enterprises Such As Japanese Clothing And Other Components.

    2011/9/13 10:27:00 34

    Vietnam Set Up SAR Components For Small And Medium Enterprises

    The Vietnamese government intends to set up special economic zones for small and medium enterprises in Japan to invest in supporting industries in Vietnam. The SAR will provide preferential measures for tax rates and preferential logistics, pportation and infrastructure.


    The purpose of the special economic zone set up by the Vietnamese government is to promote the development of related industries in Vietnam and shorten the development of the special economic zone.

    trade deficit

    It is estimated that the construction cost of the special zone will be about 20-30 billion US dollars. It may be located in Haiphong city in northern Vietnam or in the southern part of Pakistan.


    At present, the homemade rate of the relevant components of Vietnam's auto industry is about 5-10%, and the self-made rate of the components such as garment industry and light industry is about 30-40%, and the bicycle industry is about 40-70%. The related products need to rely on imports from Japan and China, resulting in the trade to these countries.

    Deficit phenomenon


    According to Dang Huy Dong, Vice Minister of Vietnam's planned investment department, reducing import dependence on the above-mentioned countries is the most important at present.

    economic policy

    One of the main sectors of the SAR is attracting Japanese SMEs to invest and promote the development of Vietnam's automobiles, motors, mobile phones and other industries.


     

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