The Prime Minister promulgates Decision 29/2021/QD-TTg on special investment incentives.
Accordingly, Decision 29/2021/QD-TTg stipulates the level, time and conditions for applying special investment incentives to investment projects specified in Clause 2, Article 20 of the Law on Investment.
Clause 2, Article 20 of the Law on Investment 2020 stipulates that subjects to apply special investment incentives and support include:
- New investment projects (including the expansion of such newly established projects) of innovation centers, research and development centers with total investment capital of 3,000 billion VND or more, actual currently disbursing at least VND 1,000 billion within 03 years from the date of issuance of the Certificate of investment registration or approval of investment policy; national innovation center established by decision of the Prime Minister;
- Investment projects in special sectors and occupations with investment capital scales of VND 30,000 billion or more, disbursement of at least VND 10,000 billion within 03 years from the date of issuance of investment registration certificates or approval of investment policies.
Preferential land rental, water surface rental
Exemption from land rent and water surface rent for 18 years and a reduction of 55% of land rent and water surface rent for the remaining time for economic organizations implementing investment projects in the cases specified in Clause 1, Article 5 of the Decision 29/2021/QD-TTg.
Exemption from land and water surface rents for 20 years and a reduction of 65% of land and water surface rents for the remaining period for economic organizations implementing investment projects in the investment cases specified in Clause 2, Article 5. Decision 29/2021/QD-TTg.
Exemption from land rent or water surface rent for 22 years and a reduction of 75% of land rent and water surface rent for the remaining time for entities or economic organizations implementing investment projects in the cases specified in Clause 3 of this Article. 5 Decision 29/2021/QD-TTg.
Decision 29/2021/QD-TTg takes effect from the date of signing
Collected from the source
Chau Thanh
