Highest Investment Incentives
1. Corporate income tax
- Preferential tax rate of 10% within 15 years for new investment projects.
- Preferential tax rate of 10% within 30 years for new investment project with total investment capital of at least VND 4000 bil.
- Exemption of 100% of the tax payable in the first 04 years after their taxable income, 50% of the tax payable in the next 09 years.
Note: The time tax exemption or reduction is calculated continuously from the first year of taxable income. Where there is no taxable income in the 03 years from the first year, the time has sales tax exemption or reduction is calculated from the 4th year.
2. Import duties
- Tax exemption for imported goods serving processing of exports; finished products imported to be fixed on processed products; outward processing products
- Tax exemption for goods imported for manufacture of export products
- Tax exemption for goods imported to create fix assets
- Raw materials and components which cannot be domestically manufactured and are imported serving the manufacturing of investment project are exempted from import duties for 05 years from the commencement of manufacture, excluding the trial manufacturing time.
