Vietnam: Tax incentives for projects launched in Hoa Lac hi-tech park

15:48, 22/06/2017

On June 20, 2017, the Government of Vietnam issued Decree No. 74/2017/ND-CP on specific policies for Hoa Lac hi-tech park, which is located in Ha Bang commune, Thach That district, Hanoi City.

Projects launched in the hi-tech park shall be entitled to the following tax incentives:

- Projects launched in the hi-tech park shall have the greatest incentives in accordance with regulations of the Law on Investment and Law on Tax.

- New investment projects in the hi-tech park which have at least 4000 billion VND capital shall apply the enterprise income tax rate of 10% in a period of 30 years.

- The projects which received investment license grant from people’s committee of a province before the Prime Minister approves the adjusted general planning for constructing the hi-tech park (May 23rd, 2008) and are running in the hi-tech park shall be given tax incentives as mentioned in:

+ The certificate of investment; or

+ The investment license; or

+ The certificate of investment incentive.

View other policies at Decree No. 74/2017/ND-CP of Vietnam’s Government, effective from August 05, 2017.

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