1. Forms of incentives: Lower corporate income tax rates for a given period of time or throughout the life of the project; exemption/reduction of corporate income tax; Exemption or reduction of import tax for goods imported as fixed assets; materials, supplies, and parts used for the project; Exemption and reduction of land rental, land use […]
Forms of investment support: – Supporting the development of technical and social infrastructure systems inside and outside the project fences; – Support for training and development of human resources; – Credit support; – Support access to production and business premises; support for the relocation of production facilities out of the inner city and inner city; […]
Assurance of property ownership The investors’ legal assets are not nationalized or confiscated by administrative measures. Where the State acquires or requisitions property for defense and security reasons, for the national interests, in a state of emergency or natural disaster, the investor shall be paid and compensated according to the provisions of law. on expropriation […]
1. Labor Costs 1.1. Entry-level salaries for selected job positions 1.2. Overtime Regulations 2. Telecommunication Expenses 3. Transportation Costs 4. Public Utility Cost 5. Land and Office Space Rental Source: ITPC To find more about guide for business and investment in Vietnam, you can click here: https://lookoffice.vn/economy-business-investment/guige/ For Foreign companies want to start or expand […]
Investments in the following areas are prohibited: a) Purchase and sale of narcotics specified in Appendix I to the Investment Law; b) Trading in chemicals and minerals specified in Appendix II of the Investment Law; c) Trade in specimens of wild fauna and flora specified in Appendix I of the Convention on International Trade in […]
1. Intellectual property object In recent years, the Government has taken many measures to strengthen the legal protection of intellectual property. Since 1995, the National Assembly has passed the Civil Code, which has a chapter devoted to the protection of intellectual property rights. The National Assembly recently passed the Law on Intellectual Property, effective July […]
1. Land Management Regime All land in Vietnam is owned by the people and managed by the State. Land use rights (as opposed to land ownership) can be allocated or leased by the State for stable and long-term use. Land law divides land into three categories: (i) agricultural land (for example annual cropland and forestry […]
Vietnamese and foreigners working in Vietnam must obey the Labor Code. The Labor Code has created a legal framework defining the rights and obligations of employers and employees, working hours, labor contracts, payment of social insurance, overtime, and suspension. public and termination of labor contracts, etc. 1. Working-age Minimum working age in Vietnam is 15. […]
The tax system in Vietnam includes the following main taxes: Corporate Income Tax (CIT); Import – Export Duties; Value Added Tax (VAT); Special Sales Tax (excise tax) or (SCT); and Personal Income Tax (PIT). Each of these taxes is administered by the General Department of Taxation (Ministry of Finance) minus import and export tax (General […]
1. Investment certificate For the first time, foreign investors must have an investment project before being granted an investment certificate. Investment certificates also serve as business registration certificates. The investment certificate will be issued as part of the investment registration and / or evaluation process based on (i) the type of project, (ii) the size […]