Question

Law firm in Danang, Vietnam advise about business lines eligible for sepecial investment incentives in Vietnam for foreign investors ?

Answer

BUSINESS LINES ELIGIBLE FOR SPECIAL INVESTMENT INCENTIVES IN VIETNAM ?

I. HIGH TECHNOLOGY, INFORMATION TECHNOLOGY, ANCILLARY INDUSTRIES

1. Application of high technologies on the List of high technologies given priority under the Prime Minister’s decisions.

2. Production of products on the list of hi-tech products given priority under the Prime Minister’s decisions.

3. Production of ancillary industry products under the Prime Minister’s decisions.

4. Development of high technologies and high technology enterprises; venture investment in high technology development; application, research and development of high technology according to regulations of law on high technology; manufacturing of biotechnology products.

5. Production of software products, digital products, key information technology products, software service, information security services, information protection service according to regulations of law on information technology.

6. Production of renewable energy, clean energy, and waste-to-energy production.

7. Manufacture of composite materials, light building materials, and rare materials.

II. AGRICULTURE 

1. Cultivation, protection, and development of forests.

2. Farming, processing, preserving agriculture, forestry, and aquaculture products.

3. Production, breeding, cross-breeding plant varieties, animal breeds, and aquatic breeds.

4. Salt production, extraction, and refinement.

5. Offshore fishing combined with advanced fishing methods; fishing logistics services; construction of shipyards and ship-building.

6. Rescue services at sea.

III. ENVIRONMENTAL PROTECTION, INFRASTRUCTURE CONSTRUCTION 

1. Concentrated waste collection, treatment, recycling, and reuse.

2. Construction, operation of infrastructure of industrial parks, export-processing zones, hi-tech zones, and specialized areas in economic zones.

3. Development of water plants, power plants, water supply and drainage system; bridges, roads, railroads, airports, seaports, river ports; airfields, train stations, and other particularly important infrastructural works decided by the Prime Minister.

4. Development of public transportation in urban areas.

5. Construction, management, and operation of rural markets.

IV. CULTURE, SOCIETY, SPORTS, HEALTHCARE 

1. Construction of social houses and relocation housing.

2. Investment in epidemic prevention facilities.

3. Research and development of preparation technology and biotechnology for production of new medicines.

4. Production of medicines ingredients and essential medicines, medicines for prevention and treatment of sexually transmitted diseases, vaccines, biological, herbal medicines, oriental medicines; medicines whose patents are about to expire or relevant proprietary medicines; application of advanced technology and biotechnology to production of medicines for humans according to international GMP standards; production of primary packages of medicines.

5. Investment in manufacture of methadone.

6. Investment in centers for high-performance sports, sports training centers for the disabled; construction of sports facilities having training and competition equipment suitable for used at international competitions; professional sports training facilities.

7. Investment in geriatric centers, psychiatry centers, centers for treatment of dioxin patients, centers for caring elders, the disabled, orphans, and homeless children.

8. Investment in Social Treatment – Education – Labor centers; rehabilitation centers smoking cessation centers; HIV/AIDS treatment centers.

9. Investment in national museums, ethnic culture centers; traditional theatre groups; theatres, film studios, film production facilities, film development facilities; fine art – photography exhibition centers; production, repair of traditional musical instruments, maintenance of ethnic museums and art schools; facilities and trade villages for introduction and development of traditional trades./.

Contact us:

Phone: 0914 165 703

Email: dmslawfirm@gmail.com

DMS Law firm in Vietnam
Director
(Signed)
Lawyer Do Minh Son

RELATING ITEMS

Law on Investment in Vietnam

Law on Investment in Vietnam No. 67/2014/QH13 dated November 26, 2014 (replaced the Law on Investment No. 59/2005/QH11 dated November 29, 2005).

Corporate division, split, merger, acquisition and consolidation in Vietnam ?

My company (the acquirer) is planning a merger and acquisition, to takeover a small local company (the acquiree), then combine two companies to create a new, joint enterprise in order to restructure our businesses.  The acquiree has an investment which is not executed under an  Investment Registration Certificate. Could you advise me if we need to follow procedures for change of investor in that project ?

Changing investors in case of investment project transfer ?

My company wants to transfer an investment project to other investors. Is this permitted by law ? Lawyer in Danang advise on procedures for changing investors in this case ?

Executing investment projects in industrial parks, export-processing zones, hi-tech zones and economic zones in Vietnam

My company is considering an investment project in an export-processing zone (EPZ) in Vietnam ? Lawyers in Danang, Vietnam advise about use of depots and infrastructure and service facilities in an  EPZ in Vietnam ?

Investor’s rights and obligations in case of corporate division, split, merger, acquisition, consolidation in Vietnam ?

My company is planning to split into two separate companies in order to restructure our businesses ? Law office in Danang advise about the investor’s rights and obligations to the investment project executed before restructuring ?