09 incentives for science and technology enterprises in Vietnam

According to the Decree No. 95/2014/NĐ-CP of Vietnam’s Government, science and technology enterprises are entitled to the following incentives:

1. Being considered and assigned by competent state agencies the right to use or the right to own scientific and technological results under state ownership.

2. Enjoying enterprise income tax exemption or reduction like enterprises investing in hi-tech parks under the law on enterprise income tax and relevant legal documents.

3. Deducting reasonable expenses upon calculation of taxable incomes for scientific research and technological development activities, production, business and service activities and other activities in accordance with law.

4. Enjoying registration fee exemption upon registration of land use rights and house ownership.

5. Enjoying investment credit incentives of the Vietnam Development Bank, science and technology development funds and other funds in accordance with law for implementation of production and business investment projects.

6. Being prioritized in the use of research equipment for scientific research and technological development activities at national key laboratories, technology incubation institutions, business incubation institutions or scientific and technological research institutions of the State.

7. Receiving counseling and training services from technology incubation institutions or business incubation institutions established by state agencies.

8. Being prioritized by industrial park, export-processing zone, economic zone or hi-tech park management boards and local People’s Committees in renting land or infrastructure at the lowest rates under regulations.

9. Enjoying land rental exemption or reduction under regulations.

View more details at Decree No. 95/2014/NĐ-CP of Vietnam’s Government, effective from December 01, 2014.

Le Hai

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