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 -
Address: | 19 Nguyen Gia Thieu, Vo Thi Sau Ward, District 3, Ho Chi Minh City |
Phone: | (028) 7302 2286 |
E-mail: | info@lawnet.vn |