Page 28 - INVESTMENT INCENTIVE MECHANISMS AND POLICIES

i) Land used for building water supply works, including water extraction and water
treatment works, pipelines, works in the water supply pipeline system, and works
facilitating the management and operation of the water supply system
(administrative offices, executive offices, factories, and warehouses).
k) Land used for building infrastructure in industrial parks, industrial clusters, and
processing and exporting zones according to the planning approved by competent
authorities and prescribed in Clause 2, Article 149 of the Law on Land.

2 The land rents and water surface rents shall be exempted during the fundamental
construction period according to the projects approved by competent authorities no
later than 03 years from the issuance of the land lease or water surface lease
decisions. If a land renter uses the land for agricultural production (planting
perennials) according to the project approved by competent authorities, the land rent
exemption shall apply to each type of perennial during the fundamental construction
period in accordance with the technical process for planting and caring for perennials
regulated by the Ministry of Agriculture and Rural Development. The land rents and
water surface rents shall be exempted during the fundamental construction period of
projects in association with the land leased from the State, altering from non-levied
land allocation to land lease, except for investment projects on the renovation and
enlargement of production and business establishments and replantation on the land
leased by the State.
3 The land rents and water surface rents shall be exempted after the land rent
and water surface rent exemption of the fundamental construction period in
accordance with the regulations in Clause 2 of this Article. To be specific:

a) In three (3) years with regard to projects whose domains are on the List of domains
entitled to investment incentives; new business establishments of the economic
organizations which are moved due to the planning or environment pollution.
b) In seven (7) years with regard to investment projects in socio-economically
disadvantaged areas.
c) In eleven (11) years with regard to investment projects in particularly
socio-economically disadvantaged areas; investment projects whose domains are
on the List of domains entitled to special investment incentives; projects whose
domains are on the List of domains entitled to investment incentives, which are
implemented in socio-economically disadvantaged areas.
d) In fifteen (15) years with regard to projects whose domains are on the List of
domains entitled to investment incentives, which are implemented in particularly
socio-economically disadvantaged areas; projects whose domains are on the List of
domains entitled to special investment incentives, which are implemented in
socio-economically disadvantaged areas.
The List of domains entitled to investment incentives and special investment
incentives, socio-economically disadvantaged areas, and particularly
socio-economically disadvantaged areas are prescribed in law on investment.
The List of geographical areas entitled to land rent incentives shall only apply to
geographical areas with specific administrative boundaries.

LIST OF PROJECTS ATTRACTING INVESTMENT 115