Cau Treo Economic Zone Exempted from Import Tariffs for Five Years

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Feb. 24 – The Cau Treo border gate economic zone in Ha Tinh Province in central Vietnam will soon be exempt from import tariffs according to the Ministry of Finance.

The decision will allow materials, equipment and unfinished products imported for production and installation at the zone to be exempted from taxes for five years beginning March 1.

Last year, the zone exported US$40 million worth of goods to Laos, an increase of 95 percent from the previous year.