A strategic investor must have a charter capital of at least VND 500 billion when implementing an Vietnam investment project in Van Phong Economic Zone?
Charter capital for Vietnam investment project to invest in building and trading commercial centers in Van Phong Economic Zone?
Pursuant to Article 7 of Resolution 55/2022/QH15 stipulating the development of Van Phong Economic Zone as follows:
"Article 7. Development of Van Phong Economic Zone
1. The list of industries and trades prioritized to attract investment in Van Phong economic zone includes:
a) Invest in building innovation centers, research and development (R&D) centers; investment in information technology, research, production and high technology transfer in the fields of ocean, maritime, biotechnology, marine medicinal herbs and marine ecology with an investment capital of 1,500 billion VND or more. up;
b) Investing in the construction and operation of commercial and financial centers with an investment capital of VND 12,000 billion or more;
c) Investment in construction and business of urban areas with a land area of 300 hectares or more or a population of 50,000 or more people; invest in the construction and business of hotels, resorts, high-class resorts and general entertainment with golf courses with an investment capital of VND 25,000 billion or more;
d) Investment in clean energy industry, high-tech processing and manufacturing industry, precision mechanics, oil and gas processing, electronics, health care service area with an investment capital of at least 6,000 billion copper or more;
đ) Construction and operation of airports, investment in harbors, port areas in special seaports, logistics services, seaport logistics services, wharves, port areas, general ports, specialized ports with the scale of investment capital is 2,300 billion VND or more in class I seaports;
e) Investment in construction and business of infrastructure in non-tariff zones with an investment capital of VND 6,000 billion or more.
2. Strategic investor means an investor that meets the conditions specified in Clauses 3 and 4 of this Article.
3. A strategic investor must satisfy one of the following conditions:
a) Having a charter capital of VND 10,000 billion or more or having total assets of VND 25,000 billion or more when implementing an investment project specified at Points b and c, Clause 1 of this Article and having experience in project investment. in a similar field with a total investment capital of VND 10,000 billion or more;
b) Having a charter capital of VND 3,000 billion or more when implementing an investment project specified at Points d and e, Clause 1 of this Article and having experience in investing in projects in the same field with a total investment capital of from 6,000 billion or more;
c) Having a charter capital of 1,000 billion VND or more when implementing an investment project specified at Point dd, Clause 1 of this Article and having experience in investing in projects in the same field with a total investment capital of at least VND 2,000 billion. above;
d) Having a charter capital of VND 500 billion or more when implementing an Vietnam investment project specified at Point a, Clause 1 of this Article and having experience in investing in projects in a similar field with a total investment capital of at least VND 1,000 billion. above."
Thus, if you want to invest in construction and business in Van Phong Economic Zone, you must have an Vietnam investment project capital of at least 500 billion VND or more.
A strategic investor must have a charter capital of at least VND 500 billion when implementing an Vietnam investment project project in Van Phong Economic Zone? (Image from the internet)
Incentives are enjoyed when investors implement Vietnam investment project projects?
Pursuant to Clause 8, Article 7 of Resolution 55/2022/QH15 regulating the development of Van Phong economic zone
"Article 7. Development of Van Phong Economic Zone
...
8. Strategic investors are entitled to the following incentives:
a) Included in deductible expenses to determine taxable income for research and development (R&D) activities equal to 150% of the actual cost of this activity when calculating corporate income tax. Actual research and development (R&D) costs are determined according to the provisions of the law on accounting;
b) Enjoy the priority regime in terms of customs procedures in accordance with the law on customs and tax procedures in accordance with the law on tax for exported and imported goods of the Vietnam investment project. strategic investors in Van Phong Economic Zone when meeting the conditions for applying the priority regime as prescribed by the law on customs and tax, except for the conditions on export and import turnover."
Thus, according to the above provisions, investors making Vietnam investment project are entitled to the above incentives.
Who has the authority to approve environmental permits?
Pursuant to Clause 11 Article 7 of Resolution 55/2022/QH15 stipulating the approval competence as follows:
The Management Board of Van Phong Economic Zone shall appraise and approve environmental impact assessment reports and issue environmental permits for Vietnam investment project under the authority of the Provincial People's Committee in accordance with the Law on Environmental Impact Assessment. Environmental protection; take responsibility before law for the quality of appraisal and environmental impact and send the decision approving the appraisal results of the environmental impact assessment report to the Provincial People's Committee, the Provincial People's Committee is responsible according to the regulations. monitor and inspect the compliance with environmental laws for the projects specified in this Clause.
Thus, the management board of Van Phong economic zone has the authority to grant the above environmental permits.
Resolution 55/2022/QH15 takes effect from August 1, 2022.
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