List of industries and professions eligible for industrial encouragement policies in Vietnam

List of industries and professions eligible for industrial encouragement policies in Vietnam (Internet image)

Specifically, Article 5 of Decree 45/2012/ND-CP stipulates that organizations and individuals directly investing in industrial production and handicraft production in districts, towns, townships, communes and wards affiliated to Type 2 and Type 3 cities, wards affiliated to Type 1 cities which have been converted from communes within the previous 5 years, including small and medium enterprises, cooperatives, artels and business households established and operated under law (hereinafter referred to as rural industrial facilities); Industrial production establishments employing cleaner production methods, that invest in the following industries and professions, are eligible for industrial encouragement policies under Article 4 of Decree 45/2012/ND-CP:

• Agricultural, forestry and fishery product processing and food processing;

• Production of industrial goods serving consumption and export, production of import substitutes;

• Chemical industry serving agricultural and rural development. Building material production;

• Manufacture of products and spare parts; assembly and repair of engineering, electrical and electronic and IT machinery, equipment and instruments. Manufacture and processing of details and semi-finished products and ancillary industries;

• Production of handicrafts;

• Mineral extraction and processing in localities facing difficult and extremely difficult socio-economic conditions specified by law;

• Application of cleaner production at industrial production establishments; treatment of environmental pollution in industrial complexes and rural industrial production establishments.

Based on the socio-economic development and industrial encouragement requirements in each period, the Ministry of Industry and Trade shall submit the list of eligible industries and trades specified above to the Prime Minister for amendment and supplement.

More details can be found in Decree 45/2012/ND-CP, which comes into force from July 5, 2012.

Le Vy

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