Page 19 - INVESTMENT INCENTIVE MECHANISMS AND POLICIES

I. CORPORATE INCOME TAX INCENTIVES

1. CONSOLIDATED DOCUMENT NO. 14/VBHN-VPQH DATED JULY 15, 2020 OF THE NATIONAL ASSEMBLY

CORPORATE INCOME TAX

Tax rate Applicable duration Exemption period Period of 50% reduction
(%) (Year) (Year) (Year)

10 15 4 9

a) Incomes of enterprises from implementing new investment projects in
particularly socio-economically disadvantaged areas, economic zones,
or high-tech parks;
b) Incomes of enterprises from implementing new investment projects on
scientific research and technological development; application of high
technologies on the list of high technologies prioritized for development
in accordance with the Law on High Technology; high-tech incubation,
high-tech enterprise incubation; venture capital investment in the
development of high technologies on the list of high technologies
prioritized for development in accordance with the Law on High
Technology; investment in the construction and operation of facilities for
high-tech incubation, high-tech enterprise incubation; investment in the
development of particularly important infrastructures of the State as
prescribed by law; software production; manufacture of composite
materials, light building materials, rare and valuable materials;
production of renewable energy, clean energy, and energy from waste
incineration; biotechnology development; and environmental
protection;
c) Incomes of high-tech enterprises and agricultural enterprises applying
high technologies in accordance with the Law on High Technology;

106 LIST OF PROJECTS ATTRACTING INVESTMENT