Latest list of business lines eligible for special investment incentives in Vietnam

Latest list of business lines eligible for special investment incentives in Vietnam (Internet image)

Regarding this issue, LawNet would like to answer as follows:

Latest list of business lines eligible for special investment incentives

Business lines eligible for special investment incentives in 2023 in Vietnam is specified in Appendix II issued with Decree 31/2021/ND-CP, specifically:

1. High technologies, information technology, supporting industries

- Application of high technologies on the list of high technologies prioritized for development under decisions of the Prime Minister.

- Manufacture of products on the list of hi-tech products encouraged for development under decisions of the Prime Minister.

- Manufacture of products on the list of SUPPORTING industry products prioritized for development under regulations of the Government on development of supporting industries.

- Incubation of high technology, incubation of hi-tech enterprises; venture capital investment in development of high technology; application, research and development of high technology; manufacture of biotechnology products; training hi-tech manpower; provision of hi-tech services.

- Production of software products, digital products, key IT products, software services under information technology laws; production of network security products and provision of network security services under cyber security laws; production of products derived from technological advances under science and technology laws.

- Production of renewable energy, clean energy, waste-to-energy processes.

- Production of composite materials, light building materials, rare and valuable materials.

- Manufacture of products on the list of key mechanical products under decisions of the Prime Minister.

2. Agriculture

- Planting, cultivation, protection and development of forests; development of production forests in empty lands and hills; planting big timber forests and conversion of small timber forests into big timber forests; development of non-timber forest products, restoration of natural forests.

- Cultivation, treatment, preservation of agriculture, forestry, aquaculture products, processing of non-timber forest products.

- Production, propagation and crossbreeding of plants, domestic animals, aquatic breeds, development of hi-tech plants for forestry.

- Salt production, harvesting and refining.

- Offshore fishing using advanced equipment and methods; fishing logistics services; construction of fishing vessel building facilities and building fishing vessels.

- Marine rescue services.

- Research, manufacture of biotechnology food products.

- Manufacture of sawmill products; manufacture of artificial planks, including: plywood, joinery planks, MDF.

3. Environmental protection, infrastructure instruction

- Concentrated collection, treatment, recycling, reuse of wastes.

- Construction, operation of infrastructure in industrial zones, export processing zones, hi-tech zones, dedicated areas in economic zones.

- Investment in development of water plants, power plants, water supply and drainage systems; bridges, roads, infrastructure, railway industry and transport; airports, seaports, inland ports; aerodromes, terminals and other especially important infrastructural works decided by the Prime Minister.

- Development of public transportation in urban areas.

- Investment in construction, management and operation of markets in rural areas.

- Investment in development, operation and management of infrastructural works of industrial complexes.

4. Culture, society, sports, health

- Construction of social housing and relocation housing.

- Investment in epidemic control facilities

- Research into preparation technology, biotechnology for production of new medicines, new veterinary medicines, vaccines, veterinary biologics.

- Production of medicinal ingredients, major medicines, essential medicines, medicines for prevention and treatment of sexually transmitted diseases, biologics, herbal medicines, oriental medicines; medicines facing patent expiration; application of advanced technologies and biotechnology to manufacture of medicines for human use following international GMP standards; manufacture of primary packaging of medicines.

- Investment in methadone production facilities.

- Investment in high-performance sport training facilities and sport training facilities for people with disabilities; construction of sports facilities with equipment suitable for international competition; sport facilities for professional training and competition.

- Investment in geriatrics centers, psychiatry centers, centers for treatment of patients infected with Agent Orange; care centers for elderly people, people with disability, orphans, homeless children.

- Investment in treatment – education - social labor centers; smoking cessation centers; HIV/AIDS treatment centers; public and private drug rehabilitation centers; district-level drug addiction treatment consulting centers.

- Investment in national museums, ethnic culture houses; ethnic art performance troupes; theaters, film studios, film production facilities; fine art – photography exhibition centers; manufacture and repair of traditional musical instruments; maintenance, preservation of ethnic culture museums and art schools; facilities and villages for introduction and development of traditional trades; investment in traditional art performance; investment in Vietnam National Library, public libraries of provinces and important libraries.

- Investment in facilities for protection of sex workers from gender-based violence in communities.

Nguyen Ngoc Que Anh

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