BENEFICIARIES OF INVESTMENT INCENTIVES

Investment incentives and support regulations are more special and better benefits for entities when they invest in sectors or geographical areas that are preferential for investment. The purpose of this policy is to promote equitable socio-economic development in each given period.

Decree 31/2021/ND-CP and Law on Investment 2020 has pointed out subjects entitled to investment incentives include:

1. Investment projects in industries and trades preferential for investment; or industries or trades with special investment incentives as prescribed in the List of business lines eligible for investment incentives;
2. Investment projects in areas meeting with difficult socio-economic conditions or areas with extremely difficult socio-economic conditions as prescribed in the List of geographical areas eligible for investment incentives;
3. Investment projects with an investment capital of VND 6,000 billion or more and meeting the conditions prescribed by law;
4. Projects on investment in social housing construction; investment projects located in rural areas and employing at least 500 employees; investment projects that employ persons with disabilities in accordance with regulations of law on persons with disabilities;
5. Hi-tech enterprises, science and technology enterprises and science and technology organizations; projects involving transfer of technologies on the List of technologies the transfer of which is encouraged in accordance with regulations of the Law on Technology Transfer, science and technology enterprise incubators prescribed by the Law on High Technologies and Law on Science and Technology; enterprises manufacturing and providing technologies, equipment, products and services with a view to satisfaction of environment protection requirements prescribed by the Law on Environment Protection;
6. Start-up projects, national innovation centers and research and development centers;
7. 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 business in co-working spaces serving small and medium-sized enterprises and startups prescribed by the Law on Small and Medium-Sized Enterprises.