Despite being a newly formed business but thanks to certain advantages: being receptive and inheriting the modern science and technology and foreign investment, the equipment and machinery with high technological processes underthe skilled management, full experience of the entrepreneurs of South Korea-Vietnam, whose company was soon gradually godynamically stable. At present Vietnam Ivory company is active in producing garments, 100% of the productsof the project to export. Total investment is 113.740.000.000 copper, in which capital contributed to the project's 61.240.000.000USD, the loan is USD 52.500.000.000. Vietnam Ivory company is considered medium sized enterprises, there are many potentialand increasing the competitivenessThe company enjoyed tax preferences under Regulation No. 24/2007/ND-CP dated February 14, 2007 in accordance with contest detailstax law. The company is exempt from tax in the 4 years since the company had interest and 50% tax reductionTNDN in 4 years. The company is obliged to pay for the State of Vietnam. Annual tax = 10% profitobtained during the period of project implementationThe company gets free imported tax for goods imported under the provisions of the export taxes, import dutyNo. 45/2005/QH 11 on June 14, 2005 and Decree No. 149/2005/ND-CP dated 06/12/2005 of the Government regulation in detaillaw enforcement tax, import tax. The company is exempt from the import duty for raw materials imported for the production of export products. Cases of imported second-hand devices must comply with the relevant provisions of the lawVietnam.
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