[NEWS] INVESTMENT INCENTIVES AND ASSURANCE IN VIETNAM
INVESTMENT INCENTIVES AND ASSURANCE IN VIETNAM
The participation of Vietnam in the World Trade Organization (WTO), and the Trans-Pacific Strategic Economic Partnership Agreement (TPP) lately, has faciliated this country to become an initial market for investors all over the world. With desires on assisting foreign investors, Triminh Law Firm hereby shall provide a general overview on investment incentives and assurance which foreign investors may enjoy.
When performing investments in Vietnam, investors shall enjoy incentives on finance, land policies. The Law on Corporate Income Tax regulates the rate and time of tax incentives for enterprises newly established in disadvantageous and extremely disadvantageous areas, high-tech zones, economic zones; or operating in encouraged business lines. Besides, imported-exported taxes also contribute to create convenient and attractive environment to investors. . Regarding credit policies, State Bank of Vietnam has issued supporting policies for interest rates of short-term loans in VND for capital demands in some fields. Furthermore, for mobilization of foreign investments, Vietnam Government has also promulgated several support policies on technology transfer, training, vocation, development supports and investment services.
Beside general policies under the law on investment, foreign investors may refer to other incentives on project performance land, advertisement fee, investment intermediation bonus and etc from localities where investment projects are implemented.Tags: investment, Investment Registration, law firm in hanoi cty, law viet nam