Investment incentive policy mechanism
LIST OF INVESTMENT PREFERENTIAL LOCACITIES.
| The area has particularly difficult socio-economic conditions. |
| Districts: Huong Hoa, Dakrong, Con Co island district. |
| Quang Tri Southeast Economic Zone. |
| The area has difficult socio-economic conditions. |
| Districts: Vinh Linh, Gio Linh, Trieu Phong, Hai Lang, Cam Lo |
Industrial parks and industrial clusters are established according to Government regulations.
|
A. LIST OF INVESTMENT INCENTIVE INDUSTRIES.HIGH
TECHNOLOGY, INFORMATION TECHNOLOGY, SUPPORTING INDUSTRY.
1. High technology applications in the List of high technologies prioritized for investment and development according to the Prime Minister's decision.
2. Manufacturing products on the List of high-tech products encouraged for development according to the Prime Minister's decision.
3. Manufacturing products on the List of supporting industry products prioritized for development according to the Government's regulations on supporting industry development.
4. High technology incubation, high technology business incubation; venture capital for high technology development; apply, research and develop high technology in accordance with the law on high technology; production of biotechnology products; training high-tech human resources; providing high-tech services.
5. Producing software products, digital information content products, key information technology products, software services according to the provisions of law on information technology; produce network information security products and provide network information security services to ensure conditions according to the law on network information security; produce products formed from scientific and technological results according to the provisions of law on science and technology.
6. Producing renewable energy, clean energy, energy from waste destruction.
7. Production of composite materials, light construction materials, and rare materials.
8. Manufacturing products on the List of key mechanical products as decided by the Prime Minister
II. AGRICULTURE
1. Plant, care for, nurture, protect and develop forests, develop production forests in bare lands, bare hills and mountains, plant large timber forests and convert small timber plantations to large timber plantations; develop non-timber forest products, restore natural forests.
2. Cultivation, processing, preservation of agricultural, forestry, and aquatic products, and processing of non-timber forest products.
3. Producing, multiplying and cross-breeding plant varieties, animal breeds, forestry plant varieties, aquatic breeds, developing high-tech forestry plant varieties.
4. Production, exploitation and refining of salt.
5. Offshore fishing combined with the application of advanced fishing methods; fisheries logistics services; Construction of fishing shipbuilding facility.
6. Sea rescue service.
7. Investing in research and production of biotechnology products used as food.
8. Production of wooden products; Production of artificial boards, including: plywood, joinery boards, MDF boards.
III. ENVIRONMENTAL PROTECTION, INFRASTRUCTURE CONSTRUCTION
1. Concentrate collection, treatment, recycling and reuse of waste.
2. Construction and business of infrastructure of industrial parks, export processing zones, high-tech zones, and functional areas in economic zones.
3. Investment in developing water plants, power plants, water supply and drainage systems; bridges, roads, infrastructure, transportation and rail industry; airports, seaports, inland waterway ports; airports, railway stations and other particularly important infrastructure projects decided by the Prime Minister.
4. Develop public passenger transportation in urban areas.
5. Investment in construction, management and business of markets in rural areas.
6. Investment in development, operation, and management of industrial cluster technical infrastructure projects.
IV. CULTURE, SOCIETY, SPORTS, MEDICAL
1. Construction of social housing and resettlement housing.
2. Investing in business activities of facilities implementing disease prevention hygiene.
3. Scientific research on preparation technology and biotechnology to produce new drugs, new veterinary drugs, vaccines, and biological products used in veterinary medicine.
4. Production of medicinal ingredients and main drugs, essential drugs, drugs to prevent and control social diseases, vaccines, medical biological products, drugs from medicinal materials, oriental drugs; the drug's patent or related exclusivity is about to expire; Applying advanced technology and biotechnology to produce human medicines meeting international GMP standards; Production of packaging in direct contact with drugs.
5. Investing in Methadone production facilities.
6. Investment and business of high-performance sports training and coaching centers and sports training and coaching centers for people with disabilities; building sports facilities with equipment, training and competition facilities that meet the requirements of organizing international tournaments; professional gymnastics and sports practice and competition facilities.
7. Investing in business centers for geriatrics, psychiatry, and treatment of patients infected with Agent Orange; Care centers for the elderly, people with disabilities, orphans, and homeless children.
8. Investing in the business of medical treatment - education - social labor centers; smoking cessation facility; HIV/AIDS treatment facility; public drug detoxification facility; private drug detoxification facility; Community drug addiction treatment consultation and support points at district level.
9. Investing in the business of national museums and ethnic cultural houses; ethnic singing, dancing, and music troupes; theaters, studios, film production and film printing facilities; fine arts and photography exhibition house; producing, manufacturing, and repairing traditional musical instruments; maintain and preserve museums, ethnic cultural houses and art and culture schools; establishments and craft villages introduce and develop traditional industries and trades; Investing in the business of folk performing arts; Investing in the National Library of Vietnam, public libraries of provinces and centrally run cities and libraries plays an important role.
10. Investing in facilities to support the prevention and control of gender-based violence in the community for sex workers.”
B. INVESTMENT INCENTIVE INDUSTRIES
I. SCIENCE TECHNOLOGY, ELECTRONICS, MECHANICAL, MATERIALS PRODUCTION, INFORMATION TECHNOLOGY
1. Investing in research and development (R&D).
2. Production of steel billets from iron ore, high-grade steel, and alloys.
3. Production of coke and activated carbon.
4. Production of energy saving products.
5. Production of petrochemicals, pharmaceutical chemicals, basic chemicals and rubber.
6. Manufacturing products with added value of 30% or more (according to instructions from the Ministry of Planning and Investment).
7. Manufacturing cars, auto parts, shipbuilding.
8. Production of accessories, electronic components, and electronic assemblies not included in List A of this Appendix.
9. Manufacture of machine tools, machinery, equipment, spare parts, machines serving agricultural, forestry, fishery, salt production, food processing machines, and irrigation equipment not included in List A of the This appendix.
10. Production of materials to replace Asbestos materials.
11. Production of lightweight unburnt building materials (with density less than 1000 kg/m3).
12. Investing in utilizing excess heat from exhaust gases to generate electricity from construction material production facilities to save energy and protect the environment.
13. Production of artificial crushed sand to replace natural sand.
14. Investing in the treatment and use of waste from thermal power plants, chemical fertilizer plants, and metallurgical plants to make construction materials.
15. Investing in the treatment and use of household waste as fuel in the production of construction materials.
16. Investing in production of equipment, supplies and spare parts for the cement industry; ceramic tiles; Refractory materials; Investing in the production of construction materials to replace construction materials produced with outdated technology.
17. Production of environmentally friendly means of transport.
18. Manufacturing and assembling diesel locomotives; freight wagons with a tonnage of 30 tons or more; high-class passenger cars with a speed of 100 km/h; spare parts for locomotives and rolling stock in the railway sector.
19. Producing and processing of minerals as construction materials.
20. Producing and trading in products formed from scientific and technological results of scientific and technological enterprises.
II. AGRICULTURE
1. Raising, growing, harvesting and processing medicinal herbs; protecting and preserving genetic resources and rare and endemic medicinal species.
2. Production and processing of animal and aquatic feed.
3. Scientific and technical services on planting, animal husbandry, aquaculture, plant and animal protection.
4. New construction, renovation and upgrading of slaughterhouses; preserving and processing industrial poultry and livestock, wholesale markets, livestock auction facilities and livestock products.
5. Building and developing a concentrated raw material area for processing industry services.
6. Seafood exploitation.
7. Investing in the production of biological plant protection drugs, production of basic organic analysis, scientific research activities and technology transfer to develop basic organic fertilizers.
8. Cultivating and processing of agricultural, forestry and aquatic products in the form of product chain linkage; cultivating and processing agricultural, forestry and aquatic products in the form of organic agricultural production.
9. Producing handicrafts, rattan and bamboo products, ceramics, glass, textiles, yarn, embroidery, and wickerwork.
10. Scientific research and technological development in the field of agricultural science.
11. Raising original livestock breeds, preserving genetic resources of precious and rare livestock breeds and indigenous livestock breeds.
III. ENVIRONMENTAL PROTECTION, INFRASTRUCTURE CONSTRUCTION
1. Construction and development of industrial cluster infrastructure.
2. Construction of apartments for workers working in industrial parks, export processing zones, high-tech zones, and economic zones; building student dormitories and housing for social policy beneficiaries; Investing in building functional urban areas (including kindergartens, schools, hospitals) to serve workers.
3. Handling oil spills, overcoming mountain landslides, dyke landslides, riverbanks, coastlines, dams, reservoirs and other environmental incidents; Applying technology to reduce gas emissions that cause greenhouse effects and destroy the ozone layer.
4. Investing and businessing in commodity exhibition centers, logistics centers, inland ports, warehouses, supermarkets, and commercial centers.
5. Manufacturing and supplying environmental monitoring equipment, on-site domestic wastewater treatment equipment, environmentally friendly products and services certified with Vietnam Ecolabel in accordance with the law on environmental protection.
6. Investing and business in technology incubators and science and technology enterprises according to the provisions of law on technology.
7. Investing in business innovation centers, research and development centers.
8. Centralizing domestic wastewater treatment with design capacity of 2,500 m3/day (24 hours) or more for urban areas of grade IV and higher.
9. Centralizing collection, transportation and treatment of ordinary solid waste.
10. Hazardous waste treatment, co-treatment of hazardous waste.
11. Treating and renovating polluted environmental areas in public areas.
12. Responding to and handling oil spills, chemical incidents and other environmental incidents.
13. Construction of technical infrastructure to protect the environment in industrial parks, industrial clusters, and craft villages.
14. Relocating or converting operations of establishments causing serious environmental pollution.
15. Environmental monitoring.
16. Investing in construction of cemeteries, cremation facilities and cremation halls.
17. Environmental damage assessment; environmental health assessment; Environmental assessment of imported goods, scrap, machinery, equipment and technology.
18. Production and application of environmental protection inventions are protected by the State in the form of granting invention patents or utility solution patents.
19. Producing environmentally friendly products labeled Vietnam Green Label by the Ministry of Natural Resources and Environment; products from recycling and solid waste treatment activities of waste treatment facilities (domestic, industrial and hazardous waste).
20. Producing gasoline, diesel fuel and biofuel with certified conformity; biochar; energy from using wind, sunlight, tides, geothermal and other forms of renewable energy.
21. Manufacturing and importing specialized machinery, equipment and vehicles used directly in collecting, transporting and treating waste; Automatic and continuous wastewater and exhaust gas monitoring equipment; equipment for measuring, sampling and analyzing the environment; renewable energy production; Treatment of environmental pollution; Respond and handle environmental incidents.
22. Production, business and service activities of environmentally friendly establishments are certified with eco-labels by the Ministry of Natural Resources and Environment.
23. Manufacturing products, equipment, and technologies that use water economically.
IV. EDUCATION, CULTURE, SOCIETY, SPORTS, MEDICAL
1. Investing and business in infrastructure of educational and training institutions and vocational education institutions; Investing in the development of non-public education and training establishments and vocational education establishments at all levels: preschool education, general education, vocational education.
2. Producing medical equipment, building pharmaceutical storage warehouses, and reserving human medicines to prevent natural disasters, disasters, and dangerous epidemics.
3. Production of medicinal ingredients, plant protection drugs, prevention and treatment of diseases for animals and aquatic products.
4. Production of veterinary drugs, raw materials for veterinary drugs, preservation of veterinary drugs; Production of equipment and tools used in veterinary medicine.
5. Investing in biological testing facilities and evaluate drug bioavailability; Pharmaceutical facilities that meet good practice standards in drug production, storage, testing, and clinical trials.
6. Investing in research to prove the scientific basis of Oriental medicine and traditional medicines and develop standards for testing Oriental medicine and traditional medicines.
7. Investing in business of fitness and sports centers, gyms, sports clubs, stadiums, swimming pools; establishments that produce, manufacture, and repair equipment and facilities for physical training and sports.
8. Investing in the business of district-level public libraries, specialized libraries, university libraries, libraries belonging to educational institutions, community libraries, private libraries that serve the community and develop culture reading for lifelong learning.
9. Investing in the development of vocational education quality accreditation organizations and vocational education equipment production.
V. OTHER INDUSTRIES AND OCCUPATIONS
1. Operations of the People's Credit Fund and microfinance institutions.
2. Electronic product publishing activities.
3. Investing in product distribution chains of small and medium-sized enterprises; investing in small and medium-sized business incubators; investing in technical facilities to support small and medium-sized enterprises; Investing in the business of common working areas for creative small and medium-sized startups according to the provisions of law on supporting small and medium-sized enterprises.
4. Investing in creative startups.
C. INVESTMENT INCENTIVE POLICY
I. CORPORATE INCOME TAX INCENTIVES
Consolidated Document No. 14/VBHN-VPQH dated July 15, 2020 of the National Assembly
1.
| CORPORATE INCOME TAX |
Tax
(%) |
Time application |
Exemption period
(year) |
50% discount period
(year) |
| 10 |
15 |
4 |
9 |
- Enterprise income from implementing new investment projects in areas with extremely difficult socio-economic conditions, economic zones, high-tech zones;
- Enterprise income from implementing new investment projects, including: scientific research and technological development; High technology applications in the list of high technologies prioritized for investment and development according to the provisions of the Law on High Technology; high-tech incubation, high-tech business incubation; Venture capital investment for high technology development belongs to the list of high technologies prioritized for investment and development according to the provisions of the Law on High Technology; investment in construction and business of high-tech incubators and high-tech business incubation facilities; Investing in the development of particularly important State infrastructure according to the provisions of law; software product production; production of composite materials, light construction materials, and rare materials; producing renewable energy, clean energy, energy from waste destruction; biotechnology development; environmental protection;
c) Income of high-tech enterprises and agricultural enterprises applying high technology according to the provisions of the Law on High Technology;
d) Income of the enterprise from implementing new investment projects in the manufacturing sector (except for projects producing goods subject to special consumption tax, mineral exploitation projects) that meets one of two criteria will be as follows:
- The project has a minimum investment capital of six trillion VND, disbursement no more than three years from the date of issuance of the Investment Certificate and has a minimum total revenue of ten thousand billion VND/year, slow at least three years after the year of revenue;
- The project has a minimum investment capital of six trillion VND, disbursement within three years from the date of issuance of the Investment Certificate and employs more than three thousand workers.
d) Income of the enterprise from implementing new investment projects producing products on the List of supporting industrial products prioritized for development that meet one of the following criteria:
- Industrial products supporting high technology according to the provisions of the High Technology Law;
- Industrial products supporting the production of products in the following industries: textile - garment; leather - shoes; electronics and information technology; automobile production and assembly; mechanical engineering that as of January 1, 2015 cannot be produced domestically or can be produced but must meet the technical standards of the European Union (EU) or equivalent.
e) Enterprise income from implementing investment projects in the field of production, except for projects producing goods subject to special consumption tax and mineral exploitation projects, with a minimum investment capital of ten thousand years. two trillion VND, using technology that must be appraised in accordance with the provisions of the Law on High Technology, the Law on Science and Technology, disbursement of total registered investment capital no more than five years from the date of investment permission. according to the provisions of investment law.
| CORPORATE INCOME TAX |
Tax
(%) |
Time application |
Exemption period
(year) |
50% discount period
(year) |
| 10 |
Full time |
4
(For item a) |
9
(For item a) |
a) Enterprise income from carrying out socialization activities in the fields of education - training, vocational training, health, culture, sports and environment;
b) Enterprise income from implementing social housing investment and business projects for sale, lease, or lease purchase for subjects specified in Article 53 of the Housing Law;
c) Income of press agencies from print media activities, including advertising on print newspapers according to the provisions of the Press Law; income of the publishing agency from publishing activities according to the provisions of the Publishing Law;
d) Enterprise income from: planting, caring for, and protecting forests; cultivating and processing agricultural and aquatic products in areas with difficult socio-economic conditions; cultivating forest products in areas with difficult socio-economic conditions; production, multiplication and cross-breeding of plant and animal breeds; producing, exploiting and refining salt, except salt production specified in Clause 1, Article 4 of this Law; Investing in post-harvest preservation of agricultural products, preservation of agricultural products, aquatic products and food;
d) Income of cooperatives operating in the fields of agriculture, forestry, fishery, and salt production that are not located in areas with difficult socio-economic conditions or areas with special socio-economic conditions especially difficult, except for the income of cooperatives specified in Clause 1, Article 4 of this Law.
2.
| CORPORATE INCOME TAX |
Tax
(%) |
Time application |
Exemption period
(year) |
50% discount period
(year) |
| 17 |
10 |
2
|
4
|
| Except for Nam Dong Ha Industrial Park |
a) Enterprise income from implementing new investment projects in areas with difficult socio-economic conditions;
b) Enterprise income from implementing new investment projects, including: high-grade steel production; production of energy saving products; manufacturing machinery and equipment for agricultural, forestry, fishery and salt production; production of irrigation equipment; producing and refining animal, poultry and aquatic feed; develop traditional industries.
3.
| CORPORATE INCOME TAX |
Tax
(%) |
Time application |
Exemption period
(year) |
50% discount period
(year) |
| 15 |
Full time |
|
|
Enterprises growing crops, raising livestock, and processing in the fields of agriculture and fisheries are not located in areas with difficult socio-economic conditions or areas with particularly difficult socio-economic conditions.
- IMPORT AND EXPORT TAX
1. Tax exemption for goods imported for processing and processed products for export.
2. Tax exemption for goods exported for processing and imported processed products.
3. Tax exemption for imported goods to produce exported goods.
4. Tax exemption for goods temporarily imported for re-export or temporarily exported for re-import for a certain period of time.
5. Tax exemption on imported goods to create fixed assets of subjects eligible for investment incentives.
6. Import tax exemption for raw materials, supplies and components for a period of 5 years.
7. Tax exemption on imported goods serving oil and gas activities.
8. Tax exemption on imported goods for shipbuilding and export activities.
9. Tax exemption for plant varieties, animal breeds, fertilizers, and plant protection drugs.
10. Tax exemption on imported goods for scientific research and technological development.
11 Tax exemption on imported goods that directly serve education.
12. Tax exemption for goods manufactured, processed, recycled, and assembled in non-tariff zones.
13. Tax exemption for imported raw materials, supplies and components for the production and assembly of medical equipment.
14 Tax exemption for imported raw materials, supplies, and components that directly serve the production of information technology products, digital content, and software.
15. Tax exemption on exported and imported goods to protect the environment.
(Detailed regulations in the Law on Export Tax and Import Tax No. 107/2016/QH13; Decree No. 134/2016/ND-CP dated September 1, 2016; No. 18/2021/ND-CP dated March 11 /2021 of the Government and other relevant documents)
D. LAND POLICY
(Decree No. 46/2014/ND-CP dated May 15, 2014 of the Government regulating the collection of land rent and water surface rent. Decree No. 135/2016/ND-CP dated September 9, 2016 of the Government on Amending and supplementing a number of articles of decrees regulating land use fee collection, land rent collection, and water surface rent)
Article 19: Exemption from land rental and water surface rental.
- Exemption from land rent and water surface rent for the entire lease term in the following cases:
a) Investment projects in fields with special investment incentives are invested in extremely difficult socio-economic areas.
b) Investment projects to build housing for workers in industrial parks where the State leases land or subleases land from investors constructing and trading industrial park infrastructure to implement according to approved planning. Approval by competent state agency; Investors are not allowed to include land rental costs in the house rental price.
c) Projects using land to build student dormitories with money from the state budget, the unit assigned to manage and use it for students to live in is not allowed to include the cost of land rent in the house rental price.
d) Agricultural production land for ethnic minorities; land for implementing projects on planting protective forests and sea reclamation forests.
d) Land for construction of public works of public service organizations; Land for construction of scientific research facilities of science and technology enterprises if it meets relevant conditions (if any) including: Land for construction of laboratories, land for construction of technology incubators and Science and technology business incubation, land to build experimental facilities, land to build experimental production facilities.
e) Land for construction of facilities and works providing aviation services, except land for construction of facilities and works serving aviation service business.
g) Agricultural cooperatives use land as premises to build cooperative headquarters, drying yards, and warehouses; Build service establishments directly serving agricultural production, forestry, aquaculture, and salt making.
h) Land to build maintenance and repair stations and parking lots (including ticket sales areas, management and administration areas, and public service areas) to serve public passenger transport activities according to regulations of the law on road transport.
i) Land for construction of water supply works includes: Water exploitation and treatment works, pipelines and works on the water supply pipeline network and works supporting the management and operation of the water supply system (houses). administration, managers, operations, factories, warehouses of materials and equipment).
k) Land for construction of infrastructure for common use in industrial parks and industrial clusters according to planning approved by competent authorities as prescribed in Clause 2, Article 149 of the Land Law.
2. Exemption from land rent and water surface rent during the period of basic construction according to the project approved by the competent authority but for a maximum of 03 years from the date of decision to lease land or water surface. In case the land tenant uses land for agricultural production purposes (growing perennial crops) according to a project approved by a competent authority, the basic construction period of the garden is exempted from land rent applicable to each individual. The type of tree is carried out according to the technical process of planting and caring for perennial trees prescribed by the Ministry of Agriculture and Rural Development. The exemption of land rent and water surface rent during the basic construction period is carried out according to the project associated with the State leasing new land, converting from land allocation without collection of land use fees to land lease, excluding the In the case of investing in construction, renovation, expansion of production and business establishments and replanting gardens on land areas being leased by the State.
3. Exemption from land rent and water surface rent after the land rent and water surface rent exemption period of the capital construction period as prescribed in Clause 2 of this Article, specifically as follows:
a) Three (3) years for projects on the List of investment incentive fields; For new production and business establishments of economic organizations, relocation according to planning or relocation due to environmental pollution.
b) Seven (7) years for investment projects in areas with difficult socio-economic conditions.
c) Eleven (11) years for investment projects in areas with extremely difficult socio-economic conditions; Investment projects in the List of fields with special investment incentives; Projects on the List of investment incentive fields are invested in areas with difficult socio-economic conditions.
d) Fifteen (15) years for projects on the List of investment incentive fields invested in areas with extremely difficult socio-economic conditions; Projects on the List of fields with special investment incentives are invested in areas with difficult socio-economic conditions.
List of fields with investment incentives, fields with special investment incentives, areas with difficult socio-economic conditions, areas with especially difficult socio-economic conditions are implemented according to regulations of investment law.
The list of areas eligible for land rent incentives only applies to areas with specific administrative boundaries.
d) Land rent exemption for investment projects on construction and business of infrastructure of industrial parks, industrial clusters, and economic zones is implemented according to the provisions of Clause 10 of this Article.
4. Exemption from land rent in economic zones shall comply with regulations of the Government or Prime Minister on investment incentives for economic zones.
5. Projects to build offices of diplomatic representative agencies, foreign consulates and representative agencies of international organizations in Vietnam according to international treaties to which Vietnam is a member, The exemption of land rent implements the committed treaty or the principle of reciprocity.
6. Projects that are allocated land by the State with land use fees collected before July 1, 2014 and are enjoying land use fee exemption incentives when converting to land lease form will continue to be exempted from paying land rent for remaining land use period.
7. Land rent exemption for projects using land to build public works with business purposes (socialization) in the fields of education, vocational training, health, culture, sports, and environment. Follow the Government's regulations on policies to encourage socialization of activities in the fields of education, vocational training, health, culture, sports and environment.
8. Land rent exemption for investment projects in agriculture and rural areas shall comply with the Government's regulations on investment incentives in agriculture and rural areas and land rent exemption during the construction period. copies as prescribed in Clause 2 of this Article.
9. Exemption from land rent until the end of 2020 for agricultural land areas within the limit prescribed by law for each region for farmer households, farm members, and members of agricultural cooperatives receiving contracts. of agricultural production enterprises and cooperatives must now switch to renting land and sign land lease contracts with competent state agencies according to the provisions of the Land Law.
10. Investors who are leased land by the State to invest in construction and business of infrastructure of industrial parks, industrial clusters, and economic zones are exempt from land rent after the land rent exemption period of the current period. Basic construction period specified in Clause 2 of this Article, specifically as follows:
a) 11 years if investing in a district-level area that is not on the List of investment incentive areas according to the provisions of investment law.
b) 15 years if investing in a district-level area on the List of areas with difficult socio-economic conditions according to the provisions of law on investment.
c) The entire land lease period if investing in a district-level area on the List of areas with extremely difficult socio-economic conditions according to the provisions of law on investment.
11. The Prime Minister shall consider and decide to exempt land rent for other cases submitted by the Minister of Finance based on proposals of Ministers, Heads of ministerial-level agencies, and agencies under the Government, Chairman of the Provincial People's Committee".
Article 20: Reduce land rent and water surface rent.
- Reduce land rent and water surface rent in the following cases:
a) Cooperatives that rent land for use as production and business premises are entitled to a 50% reduction in land rent.
b) Renting land or water surface for use in agricultural production, forestry, aquaculture, salt production and natural disasters or fires causing loss of less than 40% of output will be considered for a rent reduction equivalent to response; If the damage is 40% or more, the rent will be exempted for the year of damage.
c) Renting land or water surface for production and business purposes other than agricultural production, forestry, aquaculture, salt making or other than the cases specified in Clause 2 of this Article when If you suffer from natural disasters, fires, or force majeure accidents, you will receive a 50% reduction in land and water surface rent during the period of production and business suspension.
2. The reduction of land rent in economic zones and high-tech zones shall comply with the regulations of the Government or the Prime Minister on investment incentives for economic zones and high-tech zones.
3. Land rent reduction for investment projects in agriculture and rural areas is implemented in accordance with the Government's regulations on investment incentives in agriculture and rural areas.
4. Projects to build offices of diplomatic representative agencies, foreign consulates and representative agencies of international organizations in Vietnam according to international treaties to which Vietnam is a member, The reduction of land rent implements the committed treaty or the principle of reciprocity.
5. The Prime Minister shall consider and decide to reduce land rent for other cases submitted by the Minister of Finance based on proposals of Ministers, Heads of ministerial-level agencies, and agencies under the Government, Chairman of the People's Committees of provinces and centrally run cities.
