Forms of Investment Support from January 1, 2021

13:16, 10/07/2024

This is one of the notable contents in the Investment Law 2020 passed by the National Assembly on June 17, 2020, which takes effect from January 01, 2021.

Forms of Investment Support, Investment Law 2020

Forms of Investment Support - Illustrative Image

According to Clause 1, Article 18 of the Investment Law 2020, the forms of investment support include:

- Support for the development of technical infrastructure systems, social infrastructure within and outside the project's premises;- Support for training and developing human resources;- Credit support;- Support for access to production and business premises; support to relocate production and business facilities as decided by state agencies;- Support for science, technology, and technology transfer;- Support for market development and information provision;- Support for research and development.

In addition, Clause 2 of this Article also stipulates that, based on the socio-economic development orientation and the ability to balance the state budget in each period, the Government of Vietnam shall specify the forms of investment support for high-tech enterprises, science and technology enterprises, science and technology organizations, enterprises investing in agriculture and rural areas, enterprises investing in education, legal dissemination, and other subjects.

See detailed contents in the Investment Law 2020, effective from January 1, 2021.

Le Vy

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