What are the investment incentives in Vietnam?
In recent years, the tendency of investment incentive in Vietnam is more and more popular. The Government of Vietnam has given many opportunities for domestic and foreign investors by incentive policies.
The reason why Vietnam becomes a country that attracts investment
Because of stable politics, favorable economic conditions, a young population and a growing middle class, Vietnam has becomes the second suitable place in Southeast Asia to expand business.
Economic and industrial growth will help Vietnam in the next decade to be an important partner and market in Southeast Asia. The Government of Vietnam has made a lot of efforts to develop infrastructure in key economic and industrial zones, thereby enhancing the ability to attract foreign direct investment.
Vietnam is not only a stable economy, politics but also a place with low competitive tax rates. In addition, the Government of Vietnam always pays great attention to reforming administrative procedures to create favorable conditions for domestic and foreign investors to operate and run their business smoothly,…
The finance and land incentive policies of Vietnam’s Government
Tax incentives are the policy that foreign investors are most interested in when conducting direct investment activities in Vietnam, which has created a big step to make domestic and foreign investors feel more excited with doing business in the current economic context.
In addition, import-export tax also contributes to create a favorable and attractive environment for investors. Accordingly, we can mention others investment incentive in Vietnam as the Import and Export Tax Law allows tax exemption in the following cases: goods imported to create fixed assets of projects encouraging investment; projects invested with official development assistance (ODA), raw materials, supplies and components imported for production of projects on the list of domains where investment is particularly encouraged.
The Government has approved the exemption and reduction of land rents, water surface rents and land use fees; subjects exempted from land rental payment in the following cases: Investment projects in the domains where investment is particularly encouraged are invested in extremely difficult socio-economic areas; Projects using land to build apartments for workers in industrial parks; Projects using land to build student dormitories with money from the Government budget,…
In addition, in order to call for investment, the Government has also given many investment incentive policies on technology transfer, education, development investment assistance and investment services, and investment in construction and high technology zones,…
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