Vietnam’s Decree No. 63/2018/NĐ-CP: Investment incentives for PPP projects

09:15, 13/09/2018

Investment in the form of Public-Private Partnerships (PPP) has become increasingly interesting when recently a series of projects on transport infrastructure, seaports, etc. have attracted private investors with investment capital up to tens of trillions of dong.

To ensure effective implementation of projects, it is necessary to have a legal mechanism to regulate such activities.

Recently, the Government of Vietnam issued Decree No. 63/2018/NĐ-CP amending Decree No. 136/2015/NĐ-CP on the investment in the form of Public-Private Partnerships (PPP).

According to the Decree No. 63/2018/NĐ-CP of Vietnam’s Government, PPP projects shall be eligible for the following investment incentives:

- Investors, special purpose entities shall be given the enterprise income tax incentives according to the laws on enterprise income tax.

- Goods imported for the execution of projects shall have opportunities to approach incentives according to the laws on export and import tax.

- Investors, special purpose entities shall be entitled to exemption of land levies for the land allocated by the State or exemption from land rent during the execution of the project according to the laws on land.

- Investors, special purpose entities shall be also entitled to other incentives according to the law.

View more details at Decree No. 63/2018/NĐ-CP of Vietnam’s Government, effective from June 19, 2018.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

71 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn