Guidance on procedure for certification of incentives on the supporting industry in Vietnam

According to Article 11 of the Decree No. 111/2015/NĐ-CP of the Vietnam’s Government, subjects of Projects for manufacturing supporting products under the List includes new investment projects, technology development and renovation projects, new production processes and new production projects with the increase in productivity by at least 20%. Procedure for certification of incentives is guided as follows:

- The small and medium-sized enterprises shall submit the application for certification of incentives for their projects for manufacturing supporting products to local competent authorities where these projects are located or to the Ministry of Trade and Industry. The local competent authorities send the Decision of certification of incentives to the Ministry of Trade and Industry of Vietnam;

- Entities that are not mentioned above shall submit their application for certification of incentives to the Ministry of Trade and Industry of Vietnam.

Concurrently, in consideration of the application for incentive certification, the certifying agency shall inform the applicant of the result of the incentive certification within 30 working days. If the application fails to meet the conditions of certification, the certifying agency shall inform the applicant to submit the complete application in writing within 05 working days from the date of receiving the application; the certifying agency shall inform the result of the incentive certification within 30 working days from the date of receipt of the complete dossier.

Note: The projects for manufacturing supporting products on the List, which are not eligible for incentives shall have incentive withdrawn and compensation shall be paid for the incentives.

View more details at the Decree No. 111/2015/NĐ-CP of the Vietnam’s Government, effective from January 01, 2016.

Ty Na

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