New science and technology business opened in HCMC

The Ho Chi Minh City (HCMC) Department of Science and Technology has just approved and presented a certificate of science and technology business to Hoang Linh Biotech Limited Company.

Hoang Linh Biotech Co., Ltd is a business to manufacture and sell products from the commercialization of scientific research and technology transfer. Their major merchandise is in the fields of growing, making, and processing mushrooms and cordyceps roberti.

Statistics from the HCMC Department of Science and Technology show that until the second quarter of 2018, there have been nearly 50 companies in Ho Chi Minh City receiving the certificate of science and technology business.

These companies will gain various benefits and be exempt from income tax during four years, pay a 50-percent-off income tax in nine years, and then pay a 10-percent income tax as long as the certificate is still valid.

By BA TAN – Translated by Thanh Tam

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