The Decree prescribes the scheme and plan for construction and development of industrial parks and economic zones; investment in infrastructure, establishment, operation, development policies and state management of industrial parks and economic zones.
The Decree is applied to competent regulatory bodies, organizations and individuals involved in investment, production and business activities at industrial parks and economic zones.
An industrial park may be an investment incentive area or an area facing socio-economic disadvantages that is offered investment incentives as provided in regulatory provisions on investment. Investment incentives for the industrial park area subject to legislation on investment shall be applied from the establishment date of the industrial park.
An economic zone may be an investment incentive area or an area facing extreme socio-economic disadvantages that is offered investment incentives as provided in regulatory provisions on investment. Investment incentives for the area of economic zone subject to legislation on investment shall be applied from the establishment date of the economic zone.
Specific incentives granted to investment projects on construction and business of infrastructure facilities of industrial parks, functional sections inside economic zones and investment projects inside industrial parks or economic zones shall be applied under the provisions of law on taxes, land, credit, accounting and other relevant legislation.
Costs and expenses of construction, operation, purchase, hire-purchase or rental of residential houses, public service or utility facilities for workers and staff members of industrial parks, economic zones; technical infrastructure connected to industrial parks, functional sites of investors executing investment projects on construction and business of infrastructure facilities of industrial parks or functional sites of economic zones; investors executing investment projects within industrial parks or economic zones, are categorized as deductibles for calculation of taxable income in accordance with law on corporate income tax.
Investment projects on construction of residential houses, public service and utility facilities intended for workers and employees of industrial parks or economic zones shall enjoy incentives according to regulatory provisions on building of social housing and other relevant legislation.
Investors having investment projects within industrial parks or economic zones shall be assisted by competent authorities in carrying out administrative procedures regarding investment, enterprises, land, construction, environment, labor and trade under the "one-stop shop and on-site" mechanism, and recruiting employees and dealing with other related issues during the project execution process.
Incentive policies granted to investment projects on construction and business of infrastructure facilities of supporting industrial parks, specialized industrial parks and hi-tech industrial parks, even including sections thereof, will comprise the followings:
- Land rent exemption or reduction granted in accordance with legislation on land;
- Priority to have access to the State-offered investment loans and receive other funds mobilized in other forms under the provisions of law on enterprises, credit and other relevant legislation;
- Eligibility for being entered or registered on the list of investment-attracting projects.
Incentive policies applicable to investment projects on manufacturing of products of the supporting industry; investment projects eligible for investment incentives referred to in law on investment inside the perimeter of supporting industrial parks, specialized industrial parks and hi-tech industrial parks shall comprise the followings:
- Incentives related to corporate income tax, customs duties, and other preference, as prescribed in law on taxes, development of the supporting industry, high technology and other relevant legislation;
- In cases where products on the list of supporting industrial products entitled to preference as prescribed in legislation on development of the supporting industry, they shall be given facilitation of implementation of procedures for validation of preference within the maximum duration of 30 days;
- Priority to participate in personnel training and development, startup assistance, small and medium-sized enterprise support and other programs implemented by state regulatory authorities.
Investment projects on construction and business of infrastructure facilities of industrial parks must satisfy the following conditions:
- Investors executing investment projects on construction and business of infrastructure facilities of industrial parks must register the scope of business involving attraction of investment in respective types of industrial park, including supporting industrial parks, specialized industrial parks or hi-tech industrial parks;
- Percentage of industrial land intended for investment projects on industrial parks falling within the field of investment attraction activities which is calculated according to regulations laid down in point a of this clause must meet the regulations corresponding to specific types of industrial parks prescribed in clause 3, 4 and 6 of Article 2 herein;
- Those referred to in point a and b of this clause and specific types of industrial parks, including supporting industrial parks, specialized industrial parks and hi-tech industrial parks, need to be stated in investors’ specific commitments in dossiers on investment projects on construction and business of infrastructure facilities of industrial parks.
Competent authorities shall define categories of industrial park, including supporting industrial parks, specialized industrial parks and hi-tech industrial parks, in investment policy decisions and investment registration certificates under the regulatory provisions of law on investment before taking inspection and supervision actions.
The Decree enters into force as of July 15, 2022.