Vietnam eyes 24/7 entertainment zones, tax holidays for billion-dollar tourism projects

AI Summary

Vietnam's government has proposed incentives for tourism projects worth at least VND30 trillion, including corporate tax holidays of up to four years and operating periods of up to 70 years. The proposal also envisages entertainment zones that operate around the clock and is awaiting consideration by the National Assembly.

Tourism projects worth VND30 trillion (US$1.16 billion) or more could be exempt from corporate income tax for up to four years and operate for up to 70 years under incentives the Vietnamese government has proposed to the National Assembly.