Red carpet, tax incentives not enough for SEZ: expertsVietNamNet Bridge - Phu Quoc, Van Don and Bac Van Phong, in order to develop into powerful SEZs, need to have an outstanding business environment and new institutional policies, experts say. “The investment incentives are competitive and we will have to change them regularly to create higher competitiveness to attract multinationals,” he said. Analysts say that investors expect not only tax incentives, but an open business environment and transparent institutional policies and procedures. However, analysts say that investors expect not only tax incentives, but an open business environment and transparent institutional policies and procedures. He said the degree of liberalization in the goods and service flow, and the institutional system are two prerequisites, while tax incentives will be just a secondary condition.

Source: VietNamNet News May 08, 2018 09:22 UTC