Update news investment incentives
Localities in the southeastern region remain a magnet to foreign investors thanks to their huge potential and incentives.
PM Pham Minh Chinh chaired a hybrid meeting with foreign-invested enterprises and business associations on September 17, during which he pledged to create favourable conditions for FDI enterprises to invest successfully and sustainably in Vietnam.
The processing and manufacturing industry is key to Vietnam’s prosperity, but the development of private enterprises in this sector faces obstacles.
Standing Deputy Prime Minister Pham Binh Minh has just signed Decision No 29/2021/QĐ-TTg of the Prime Minister on special investment incentives.
Hi-tech agriculture cooperatives in HCMC are finding it difficult to expand production scale, while farmers are reluctant to make investments because of complicated procedures.
The problems caused by FIEs, such as transfer pricing and investment under others’ names, have been noted in the Party Politburo’s Resolution 50 for the first time.
While National Assembly’s deputies believe that allocating land for up to 99 years in special economic zones SEZs is not a good policy, the Ministry of Planning and Investment (MPI) still persists in its opinion.
New regulations on investment incentives in the 2014 Investment Law, such as a list of sectors offering investment incentives and investment incentive procedures, which are guided by Decree No 118/2015/ND-CP, came into effect on December 27, 2015.
VietNamNet Bridge - The statement that products made by Samsung Vietnam are ‘Vietnamese’ has led to harsh criticism from the public.
Vietnam gives big incentives for FDI enterprises with the expectation that they will perform technology transfer in the country, but the fact is that only 20% of foreign firms were engaged in technology transfer in the past 5 years.
VietNamNet Bridge – The central city of Da Nang has asked for the government’s permission to offer incentives to foreign-invested projects with capital of over $200 million in its IT park.
Electronics, hardware and software firms are unsure whether they can qualify for tax incentives offered to hi-tech businesses.