Policies
Investors are entitled to carry out business investment activities under the provisions of the Law on investment
and other relevant regulations; given the right to access and make use of loan capital, assistance funds, land, and
other resources as prescribed by law.
The ownership of assets, capital, income, another the lawful rights and interests of investors are recognized and
protected by the Government.
The State shall treat investors equitably; issue policies to encourage and enable investors to carry out
business investment activities and to ensure sustainable development of economic sectors.
The State shall respect and implement treaties related to business investment to which the Socialist Republic of Vietnam is a contracting party.
a) Forms of investment incentives
Pursuant to Clause 1, Article 15 of the 2020 Law on Investment, there are the following forms of investment incentives:
Corporate income tax incentives: application of corporate income tax rates lower than ordinary tax rates for a definite period of time or during the whole implementation duration
of investment projects; exemption from or reduction of corporate income tax and other incentives.
Exemption from import duty on goods imported to create fixed assets; and materials, supplies and components Io implement investment projects.
Exemption from or reduction of land rental, land use levy and land use tax.
Accelerated depreciation, increasing amount of deduction when calculating taxable income.
b) Subjects entitled to incentives
- Investment projects in the sectors and trades eligible for investment incentives prescribed in Clause 1, Article 16 of Law on Investment.
- Investment projects in the areas meeting with difficult or extremely difficult socio-economic condition according to Clause 2, Article 16 of the 2020 Law on Investment.
- Investment projects capitalized at VND 6,000 billion or Ilion?, disbursing at least VND 6,000 billion within 3 years after obtaining an Investment Registration Certificate or the investment approval, and satisfying any of the following criteria: total revenue of at least VND 10,000 billion per year within 03 years from the year in which the revenue is earned or the project has more than 3,000 employees.
- Social housing projects; rural investment projects employing at least 500 workers; investment projects employing persons with disabilities under regulations on
persons with disabilities. - High-tech enterprises, science and technology enterprises, science and technology organizations; projects involving technology transfer on the List of technologies
encouraged to be transferred in accordance with the law on technology transfer; technology incubators, science and technology business incubators according to the provisions of the law on high technology and the law on science and technology; enterprises that manufacture and supply technology, equipment, products and services to meet the requirements of environmental protection according to the provisions of the law on environmental protection. - Start-ups, national innovation centers and research and development centers.
- Investment in business in small and medium-sized enterprises’ product distribution chain; investment in business in technical establishments supporting small and medium-sized enterprises, small and medium-sized enterprise incubators; investment in co-working spaces serving small and medium-sized enterprises and start-ups under the regulations on supporting Small and Medium-Sized Enterprises (clause 2, article 15 of Law on Investment 2020).
c) Special investment incentives: applied to certain projects that have great impacts on socio-economic developments, such as:
- Projects on establishing new (or expanding) innovation I enter, research and development center capitalized at VND 3,000 billion or more, disbursing at least VND 1,000 billion within 3 years after receiving Investment Registration Certificate.
- Projects in businesses with special investment that have a capital of VND 30,000 billion or over, disbursing at least VND 10,000 billion within 3 years after receiving Investment Registration Certificate.
d) Projects excluded from investment incentives
- Projects on investment in mineral mining.
- Projects on investment in manufacturing/sale of goods/services subject to special excise tax according to the Law on Special Excise Tax, except for projects on manufacturing of automobiles, aircraft and yachts.
- Projects on investment in commercial housing construction prescribed by the Law on Housing.
e) Eligible business lines for investment incentives
The business eligible for investment incentives or special investment incentives are specified in Appendix II issued with Decree No. 31/2021/ND-CP dated March 26, 2021 on Elaboration of some articles of the Law on Investment.
f) Geographical areas eligible for investment incentives
- Subjects to investment incentives include some projects located in the following areas;
- Industrial parks, export-processing zones, hi-tech zones and economic zones.
- Disadvantaged areas and extremely disadvantaged areas, as shown in the table below:
|
No. |
City/Province | Extremely disadvantaged areas | Disadvantaged areas |
|
1 |
Bac Kan |
All wards, districts, and Bac Kan town | |
|
2 |
Cao Bang |
All districts and Cao Bang town | |
|
3 |
Ha Giang |
All districts and Ha Giang town | |
|
4 |
Lai Chau |
All districts and Lai Chau town | |
|
5 |
Son La |
All districts and Son La town | |
|
6 |
Dien Bien |
All wards, districts, and Dien Bien town | |
|
7 |
Lao Cai |
All districts and Sa Pa town | Lao Cai town |
|
8 |
Tuyen Quang |
Na Hang, Chiem Hoa and Lam Binh districts | Ham Yen, Son Duong and Yen Son districts, and Tuyen Quang town |
|
9 |
Bac Giang |
Son Dong district | Luc Ngan, Luc Nam, Yen The, Hiep Hoa districts |
|
10 |
Hoa Binh |
Da Bac, Mai Chau districts | Kim Boi, Luong Son, Lac Thuy, Tan Lac, Cao Phong, Lac Son, Yen Thuy districts and Hoa Binh town |
|
11 |
Lang Son |
Binh Gia, Dinh Lap, Cao Loc, Loc Binh, Trang Dinh, Van Lang, Van Quan, Bac Son, Chi Lang, Huu Lung districts | |
|
12 |
Phu Tho |
Thanh Son, Tan Son, Yen Lap districts | Doan Hung, Ha Hoa, Phu Ninh, Thanh Ba, Tam Nong, Cam Khe districts |
|
13 |
Thai Nguyen |
Vo Nhai, Dinh Hoa, Dai Tu, Phu Luong, Dong Hy districts | Phu Binh district, Pho Yen town |
|
14 |
Yen Bai |
Luc Yen, Mu Cang Chai, Tram Tau districts | Tran Yen, Van Chan, Van Yen, Yen Binh districts, Nghia Lo town |
|
15 |
Quang Ninh |
Ba Che, Binh Lieu, Co To districts and islands in the province | Van Don, Tien Yen, Hai Ha, Dam Ha districts |
|
16 |
Hai Phong |
Bach Long Vi, Cat Hai districts | |
|
17 |
Ha Nam |
Ly Nhan, Thanh Liem, Binh Luc districts | |
|
18 |
Nam Dinh |
Giao Thuy, Xuan Truong, Hai Hau, Nghia Hung districts | |
|
19 |
Thai Binh |
Thai Thuy, Tien Hai districts | |
|
20 |
Ninh Binh |
Nho Quan, Gia Vien, Kim Son, Yen Mo districts, Tam Diep town | |
|
21 |
Thanh Hoa |
Muong Lat, Quan Hoa, Quan Son, Ba Thuoc, Lang Chanh, Thuong Xuan, Cam Thuy, Ngoc Lac, Nhu Thanh, Nhu Xuan districts | Thach Thanh, Nong Cong districts |
|
22 |
Nghe An |
Ky Son, Tuong Duong, Con Cuong, Que Phong, Quy Hop, Quy Chau, Anh Son districts | Tan Ky, Nghia Dan, Thanh Chuong districts and Thai Hoa town |
|
23 |
Ha Tinh |
Huong Khe, Huong Son, Vu Quang, Loc Ha, Ky Anh districts | Duc Tho, Nghi Xuan, Thach Ha, Cam Xuyen, Can Loc districts and Ky Anh town |
|
24 |
Quang Binh |
Tuyen Hoa, Minh Hoa, Bo Trach districts | Other districts and Ba Don town |
|
25 |
Quang Tri |
Huong Hoa, Da Krong, Con Co districts and other islands in the province | Other districts |
|
26 |
Thua Thien Hue |
A Luoi, Nam Dong districts | Phong Dien, Quang Dien, Phu Loc, Phu Vang districts and Huong Tra town |
|
27 |
Da Nang |
Hoang Sa district | |
|
28 |
Quang Nam |
Dong Giang, Tay Giang, Nam Giang, Phuoc Son, Bac Tra My, Nam Tra My, Hiep Duc, Tien Phuoc, Nui Thanh districts (Tam Son, Tam Thanh, Tam My Dong, Tam My Tay, Tam Tra, Tam Hai communes), Nong Son, Thang Binh districts (Binh Lanh, Binh Tri, Binh Dinh Bac, Binh Dinh Nam, Binh Quy, Binh Phu, Binh Chanh, Binh Que communes) and Cu Lao Cham Island |
Dai Loc, Que Son, Phu Ninh, Duy Xuyen districts (Duy Chau, Duy Hoa, Duy Phu, Duy Son, Duy Tan, Duy Thu, Duy Trinh, Duy Trung communes),Nui Thanh district (Tam Xuan 1, Tam Xuan II, Tam Anh Bac, Tam Anh Nam communes), Thang Binh district (Binh Nguyen, Binh Tu, Binh An, Binh Trung communes) |
|
29 |
Quang Ngai |
Ba To, Tra Bong, Son Tay, Son Ha, Minh Long, Binh Son, Son Tinh and Ly Son districts | Nghía Hanh district |
|
30 |
Binh Dinh |
An Lao, Vinh Thanh, Van Canh, Phu Cat, Tay Son, Hoai An, Phu My districts | Tuy Phuoc district |
|
31 |
Phu Yen |
Song Hình, Dong Xuan, Son Hoa, Phu Hoa, Tay Hoa districts | Song Cau, Dong Hoa towns, Tuy An district |
|
32 |
Khanh Hoa |
Khanh Vinh, Khanh Son, Truong Sa districts and other islands in the province | Van Ninh, Dien Khanh, Cam Lam districts, Ninh Hoa, Cam Ranh towns |
|
33 |
Ninh Thuan |
All districts | Phan Rang – Thap Cham town |
|
34 |
Binh Thuan |
Phu Quy district | Bac Binh, Tuy Phong, Duc Linh, Tanh Linh, Ham Thuan Bac, Ham Thuan Nam and Ham Tan districts |
|
35 |
Dak Lak |
All disricts and Buon Ho town | Buon Ma Thuot town |
|
36 |
Gia Lai |
All districts and towns | Pleiku town |
|
37 |
Kon Turn |
All districts and towns | |
|
38 |
Dak Nong |
All districts and towns | |
|
39 |
Lam Dong |
All districts | Bao Loc town |
|
40 |
Ba Ria – Vung Tau |
Con Dao district | Phu My town, Chau Duc, Xuyen Moc districts |
|
41 |
Tay Ninh |
Tan Bien, Tan Chau, Chau Thanh, Ben Cau districts | Duong Minh Chau, Go Dau districts, Hoa Thanh, Trang Bang towns |
|
42 |
Binh Phuoc |
Loc Ninh, Bu Dang, Bu Dop, Bu Gia Map, Phu Rieng districts | Dong Phu, Chon Thanh, Hon Quan districts, Binh Long, Phuoc Long towns |
|
43 |
Long An |
Duc Hue, Moc Hoa, Vinh Hung, Tan Hung districts | Kien Tuong town; Tan Thanh, Duc Hoa, Thanh Hoa districts |
|
44 |
Tien Giang |
Tan Phuoc, Tan Phu Dong districts | Go Cong Dong, Go Cong Tay districts |
|
45 |
Ben Tre |
Thanh Phu, Ba Tri, Binh Dai districts | Other districts |
|
46 |
Tra Vinh |
Chau Thanh, Tra Cu districts | Cau Ngang, Cau Ke, Tieu Can, Duyen Hai, Cang Long districts, Duyen Hai, Tra Vinh towns |
|
47 |
Dong Thap |
Hong Ngu, Tan Hong, Tam Nong, Thap Muoi districts, Hong Ngu town | Other districts |
|
48 |
Vinh Long |
Tra On, Binh Tan, Vung Liem, Mang Thit, Tam Binh districts | |
|
49 |
Soc Trang |
All districts and Vinh Chau, Nga Nam towns | Soc Trang town |
|
50 |
Hau Giang |
All districts and Long My, Nga Bay towns | Vi Thanh town |
|
51 |
An Giang |
An Phu, Tri Ton, Thoai Son, Tinh Bien All districts and Tan Chau town | Chau Doc town and other districts |
|
52 |
Bac Lieu |
All districts and towns | Bac Lieu town |