Business lines eligible for investment incentives

- List of business lines eligible with special investment incentives in the fields of high technology, information technology, and supporting industries (08 business lines eligible);

- List of business lines eligible with special incentives for investment in the agricultural sector (08 business lines eligible);

- List of business lines eligible with special investment incentives in environmental protection and infrastructure construction (06 business lines eligible);

In addition, in Section B, Appendix II issued together with Decree 31/2020/ND-CP also specifies the list of with business lines eligible for investment incentives.

Entities eligible for investment incentives (Clause 2 Article 15 Law on Investment 2020)

- Investment projects in business lines eligible for investment incentives specified in Clause 1 Article 16 of this Law;

- Investment projects in the areas eligible for investment incentives specified in Clause 2 Article 16 of this Law;

- Any investment project whose capital is at least VND 6,000 billion of which at least VND 6,000 billion of disbursed within 03 years from the issuance date of the investment registration certificate or the approval for investment guidelines and which satisfies any of the following criteria: the total revenue is at least VND 10,000 billion per year within 03 years from the year in which the revenue is earned or the project has over 3,000 employees;

- Social housing construction projects; investment projects in rural areas and employ at least 500 employees; investment projects that employ persons with disabilities under regulations of law on persons with disabilities.

- Hi-technology enterprises, science and technology enterprises and science and technology organizations; projects involving transfer of technologies under 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;

- Start-up projects, national innovation centers and research and development centers;

- Business investment in small and medium-sized enterprises’ product distribution chain; business investment in technical establishments supporting small and medium-sized enterprises, small and medium-sized enterprise incubators; business investment in coworking spaces serving small and medium-sized enterprises and startups prescribed by the Law on Small and Medium-Sized Enterprises.

Business lines eligible for investment incentives (Clause 1 Article 16 Law on Investment 2020)

- Hi-tech activities, hi-tech ancillary products, research, manufacturing and development of from science and technology products under regulations of law on science and technology;

- Manufacturing of new materials, extra energy, clean energy, renewable energy; manufacturing of products with an added value of 30% or more; energy-saving products;

- Manufacturing of key electronics, mechanical products, agricultural machinery, automobiles, automobile parts; shipbuilding;

- Manufacturing of products on the List of prioritized supporting products;

- Manufacturing of IT products, software products, digital contents;

- Breeding, growing and processing of agricultural products, forestry products, aquaculture products; afforestation and forest protection; salt production; fishing and fishing logistics services; production of plant varieties, animal breeds and biotechnology products;

- Collection, treatment, recycling or reuse of waste;

- Investment in development, operation, management of infrastructural works; development of public transportation in urban areas;

- Pre-school education, general education, vocational education, higher education;

- Medical examination and treatment; manufacturing of medicinal products and medicinal materials, storage of medicinal products; scientific research into preparation technology and biotechnology serving creation of new medicinal products; manufacturing of medical equipment;

- Investment in sports facilities for the disabled or professional athletes; protection and promotion of value of cultural heritage;

- Investment in geriatric centers, mental health centers, treatment for agent orange patients; care centers for the elderly, the disabled, orphans, street children;

- People's credit funds, microfinance institutions;

- Manufacturing of goods and provision of services for creating or taking part in value chains and industrial clusters.

The above are basic contents of the investment incentive industry under Law on Investment 2020 of the law firm Hnlaw & Partners. If the business still has problems, unknowns or needs other legal assistance, please contact the online legal consulting department through the hotline: 0912.918.296 for answers. We hope to receive the cooperation of customers!

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