Vietnam: Policies for security industry establishments from August 01, 2020

Specifically, according to Decree No. 63/2020/NĐ-CP of Vietnam’s Government, particular policies are tailored for state-invested security industry establishments  directly serving the national security protection, social order and safety maintenance, prevention and control of crimes and violations of law and building of the People's Public Security Force, including:

- Being provided with resources by the state to construct infrastructure, invest in establishments researching, manufacturing and repairing specialized security products and develop high quality dual-use technology in service of  national security protection, social order and safety maintenance, prevention and control of crimes and violations of law and building of the People's Public Security Force;

- Being provided with tax and fee incentives and assistance, and particular policies on investment and construction in accordance with regulations of law;

- Being entitled to incentives and assistance in accordance with regulations of law upon investment in construction of new materials and hi-tech products; research and development; technology transfers; manufacturing of products for export;

- Being entitled to use resources provided to carry out additional business activities apart from those specified in the plan for manufacturing and supply of security products and services or to perform security tasks if the following conditions are met: A competent authority has granted written permission; additional business activities are intended for assisting in the security and order maintenance or for improving capacity and efficiency in using assets after the manufacturing and supply of security products and services or assigned security tasks are done; capability and conditions for manufacturing and supply of security products and services or performance assigned security tasks are not affected; additional business activities are separately accounted for and tax obligations are discharged in accordance with regulations of law;

- Being entitled to use concessional loans and loans guaranteed by the State and other financial sources in accordance with regulations to manufacture security products provided to local police authorities by adopting the “use-first pay-later” payment method relevant to the annual procurement costs of local police authorities.

Moreover, Decree No. 63/2020/NĐ-CP stipulates policies tailored for employees at security industry establishments, including:

- Being entitled to benefits regarding salary, social insurance, health insurance, occupational safety and health, occupational accident insurance,occupational diseases and other benefits in accordance with regulations of law;

- Being provided with professional training at schools within and outside the public security sector and in foreign countries.

View details at: Decree No. 63/2020/NĐ-CP of Vietnam’s Government takes effect from August 01, 2020.

Thu Ba

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