Vietnam targets 6.5% to 7% growth from 2016-2020

HANOI - The Vietnamese Government has set an annual GDP growth target of 6.5-7% for the five-year period from 2016 to 2020 with primary objectives of macro stability, inflation control and sustainable development.

To boost the economic growth, the Government will implement several new tax incentives including: VAT deferral for imported machinery and equipment; tax deferral for State-funded projects where funding was delayed; corporate tax deductibility for employee benefits, and CIT incentives for supporting industries and projects with investment capital of more than USS565 million (VND 12 trillion).  www.vietnamam.com (ATI).