Vietnam: Draft decree regarding incentives to support industries

Guidance regarding incentives intended to support certain industry sectors

Guidance regarding incentives intended to support certain industry sectors

A draft decree aims to clarify previous guidance regarding incentives intended to support certain industry sectors. The draft decree would clarify the incentives for supporting the industry sectors, expand the list of products, and add to the criteria for entitlement to the supporting incentives.

Decree 111/2015/ND-CP (3 November 2015) or “Decree 111” provided guidance regarding the development of and supporting certain industries, and focused on a number of industry sectors such as the textiles and garment industry, shoe and leather industry, electronics industry, automobile manufacturing and assembly industry, mechanical engineering industry, and supporting products serving the high-tech industry.

The draft decree would:

  • Address the determination of an expansion investment project entitled to an incentive
  • Expand the list of products eligible for incentives
  • Add certain preconditions for entitlement to the incentives

Read a November 2021 report [PDF 276 KB] prepared by the KPMG member firm in Vietnam

 

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