Legal Counselling

Decree No. 118/2015/NĐ-CP: Entities eligible for investment incentives in Vietnam

10:35, 17/11/2015

On November 12, 2015, the Government of Vietnam issued Decree No. 118/2015/NĐ-CP providing guidelines for some Articles of the Law on Investment.

doi tuong uu dai dau tu, Nghi dinh 118/2015/NĐ-CP

According to Article 16 of Decree No. 118/2015/NĐ-CP of Vietnam’s Government, from December 27, 2015, the entities eligible for investment incentives specified in Clause 2 Article 15 and Article 16 of the Law on Investment of Vietnam include:

- Investment projects in business lines eligible for investment incentives or special investment incentives specified in Appendix I of this Decree;

- Investment projects in disadvantaged areas or extremely disadvantaged areas specified in Appendix II of this Decree;

- Any investment project whose capital is VND 6,000 billion or over, at least VND 6,000 billion is disbursed within 03 years from the issuance date of the Investment Registration Certificate or the decision on investment guidelines (if the project is not required to obtain an Investment Registration Certificate);

- Any investment project in a rural area which employs 500 workers or more (not including part-time workers and workers whose employment contracts are shorter than 12 months);

- High technology enterprises, science and technology enterprises, science and technology organizations defined by regulations of law on high technology, science and technology.

On the other hand, the application of investment incentives must comply with the principles specified in Clause 2, Article 16 of this Decree.

View other provisions at Decree No. 118/2015/NĐ-CP of Vietnam’s Government, effective from December 27, 2015.

Thu Ba

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