Industries eligible for investment incentives

Industries eligible for investment incentives

Industries eligible for investment incentives

Industries eligible for investment incentives_Questions: Can the enterprise with business lines in import and distribution of software gain investment incentives

Answer:

According to Clause 2, Article 15 of the 2014 Law on Investment, Subjects entitled to investment incentives (industries eligible for investment incentives) includes:

  • Investment projects in the sectors and trades eligible for investment incentives
  • Investment projects in the geographical areas eligible for investment incentives
  • Geographical areas meeting with difficult or extremely difficult socioeconomic conditions;
  • Industrial parks, export-processing zones, hi-tech parks and economic zones.
  • Investment projects capitalized at VND 6,000 billion or more, disbursing at least VND 6,000 billion within 3 years after obtaining an investment registration certificate or investment policy decision
  • Rural investment projects employing at least 500 workers
  • Hi-tech enterprises, science and technology enterprises, and science and technology organizations

According to Article 16 of the 2014 Law on Investment, supplemented by Point a Clause 1 Article 33 of the 2017 Law on Small and Medium Enterprise Support, industries eligible for investment incentives include:

  • Hi-tech activities, hi-tech supporting industry products; research and development activities
  • Production of new materials, new energies, clean energies and renewable energies; manufacture of products with an added value of at least 30% and energy-efficient products
  • Manufacture of electronic products, key mechanical products, agricultural machinery, automobiles and automobile parts; shipbuilding
  • Manufacture of supporting industry products for textile-garment and leather-footwear industries, and for the products prescribed at Point c of this Clause;
  • Manufacture of information technology products, software and digital content
  • Cultivation and processing of agricultural, forest and fishery products; forest planting and protection; salt production; marine fishing and fishing logistic services; production of plant varieties and animal breeds and biotech products;   
  • Waste collection, treatment, recycling or re-use;
  • Investment in development, operation and management of infrastructure facilities; development of mass transit in urban centers
  • Pre-school education, general education and vocational education;
  • Medical examination and treatment; production of drugs and drug materials, major drugs, essential drugs, preventive and curative drugs for social diseases, vaccines, medical bioproducts, herbal medicines and oriental medicines; scientific research into preparation technologies and biotechnologies for producing new drugs
  • Investment in physical training and sports facilities for people with disabilities or professional athletes; protection and promotion of the value of cultural heritages;
  • Investment in geriatric centers, psychiatric centers, treatment centers for orange agent victims; nursing homes for the elderly, people with disabilities, orphans and street children
  • People’s credit funds and microfinance institutions
  • Investment in and operation of distribution chains for products of small- and medium-sized enterprises; technical establishments supporting small- and medium-sized enterprises and small- and mediumsized enterprise incubators and common working areas supporting innovative startup small- and medium-sized enterprises in accordance with the law on support for small- and medium-sized enterprises;

Therefore, if your company produces software, you will be eligible for investment incentives.

For more details, please contact Hnlaw & Partners Law Firm

Email: tuvan.hnlaw@gmail.com

Hotline: 0912.918.296

http://www.hnlaw.vn/en/investment-consultancy/

https://en.wikipedia.org/wiki/Investment_incentive

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