Business line with investment incentives and location of investment incentives in Vietnam

Before deciding to invest in the Vietnam market, investors always need to carefully consider the factors of the business line and location. So which industries and locations are given incentives by the Vietnamese state to enterprises. To find out more about this issue, Hong Bang Law Firm would like to send you the following advice:

Legal grounds

  • Investment Law 2020;
  • Decree No. 118/2015/ND-CP detailing and guiding the enforcement of a number of provisions of the Investment Law.

Investment incentives for business sectors in Vietnam - PLF LAW FIRM |  Vietnam International Law Firm

Business line of investment incentives

Business line of investment incentives include:

  • High-tech activities, high-tech supporting industrial products, research and development activities, production of products formed from scientific and technological results in accordance with the law on science and technology;
  • Producing new materials, new energy, clean energy, renewable energy; producing value-added products of 30% or more, energy-saving products;
  • Producing electronic products, key mechanical products, agricultural machines, automobiles, auto parts; shipbuilding;
  • Producing products on the list of supporting industrial products prioritizing development;
  • Production of information technology products, software and digital content;
  • Cultivation and processing of agricultural, forestry and aquatic products; planting and protecting forests; making salt; seafood exploitation and fishing logistics services; production of plant varieties, livestock breeds and biotechnology products;
  • Collection, treatment, recycling or reuse of waste;
  • Investment in development and operation and management of infrastructure works; development of public passenger transport in urban areas;
  • Preschool, general education, vocational education, higher education;
  • Medical examination and treatment; production of drugs and raw materials for drug making and preservation; scientific research on processing technology, biotechnology for the production of new drugs; production of medical equipment;
  • Investment in training establishments, physical training and sports competitions for people with disabilities or professionalism; protecting and promoting the values of cultural heritages;
  • Investment in geriatric, psychiatric centers, treatment of patients with orange poison; care centers for the elderly, people with disabilities, orphans, children wandering without shelter;
  • People’s credit funds, micro-financial institutions;
  • Producing goods, providing services that create or participate in value chains and industry-linked clusters. 

Location of investment incentives

  • Areas with difficult socio-economic conditions and areas with particularly difficult socio-economic conditions;
  • Industrial parks, export processing zones, high-tech parks and economic zones.

Note: The list of geographical areas eligible for investment incentives is specified in Appendix II issued together with Decree 118/2015/ND-CP.

Services provided by Hong Bang Law

Hong Bang Law is a company with 10 years of experience in consulting in the field of foreign investment. We have supported many foreign investors to accompany them during the implementation of investment projects in Vietnam.

Hong Bang Law will accompany customers with consulting and supporting services in various fields such as:

  • Service of applying for Investment Registration Certificate for foreign investors in Vietnam
  • Service for approval of investment policy
  • Service of establishing a foreign-invested company
  • Service of establishing representative offices and branches of foreign companies
  • Service of changing contents of Investment Registration Certificate
  • Investment project transfer service
  • And many other services

If you need more detailed advice and answers as well as how to access this service, please contact directly our Lawyer Nhat Nam via hotline: 0912.35.65.75, 0912.35.53.53 or call the toll free legal consultation hotline 1900.6575 or send a service request via email: lienheluathongbang@gmail.com

Wishing you and your family good health, peace and success!

Best regards!