Corporate income tax incentives
+ Tax rate: 20%
+ Incentives for newly established businesses in the industrial park: Tax exemption for the first 2 years and 50% tax reduction for the next 4 years (Applicable to industrial parks not located in areas with favorable socio-economic conditions)
+ Some special sectors are subject to tax rates of 10% - 20% as follows:
* High technology, scientific research and technology development, investment in water plant, drainage systems and software production
Tax rate of 10% for the first 15 years
Tax exemption for 04 years and 50% tax reduction for the next 9 years.
* Investment projects in the field of socialization which are approved by the Prime Minister on education, training, vocational training, healthcare, culture, sports and environment.
A tax rate of 10% is applied throughout the entire project implementation period.
Import and export tax exemption is applied for
+ Export Processing Enterprises (EPE).
+ Equipment, machinery (accessories) and specialized means of transport in technological lines and construction materials that are not available domestically and must be imported.
+ Projects in the investment promotion sector, as well as projects related to components, technical parts, electricity, and electronic products, are exempt from import duties on raw materials for the first five years from the start of production and business operations.
+ Raw materials, accessories and materials imported for manufacturing export products.
VAT exemption is applied for
+ Export Processing Enterprises (EPE).
+ Special equipment, machinery and vehicles used in technological lines that are not domestically produced and must be imported.
- Tax on remittance of profits abroad.
Tax rate: 0%
- Supports from the Industrial Cluster Developer
+ Procedures for applying for Investment Registration Certificate.
+ Post-investment procedures (seal and tax code registration, recruitment, etc.)
+ Procedures for applying for Land Use Rights Certificate
+ Recruitment of labour force.
+ Offering a discounted office rental during the construction of the factory
Supports from the Industrial Park Developer
+ Procedures for applying for Investment Registration Certificate
+ Post-investment procedures (seal and tax code registration, recruitment, etc.)
+ Procedures for applying for Land Use Right Certificate
+ Recruitment of labour force
+ Offering a discounted office rental during the construction of the factory