To attract foreign investors into Vietnam to perform a business project, the state has issued a lot of different incentives policy. When executing investment projects in the sectors eligible for incentives or implemented in geographical areas eligible for investment incentives according to the provisions of law, foreign investors are entitled to certain forms of incentives.
The Law on Investment in 2014 and Decree No. 118/2015/ND-CP detailing and guiding a number of articles of the Investment Law stipulate many preferential policies, investment incentive industries and areas. enjoy investment incentives. On March 30, 2020, the Government issued Decree No. 37/2020/ ND-CP supplementing the List of industries and trades eligible for investment incentives attached to Decree 118/2015/ ND-CP guiding the Law on investment, effective from May 15, 2020. Accordingly, the following industries have been added to the Appendix of the List of industries and trades eligible for investment incentives, including:
Business investment for product distribution chains of small and medium enterprises;
Business investment for basic establishment of small and medium enterprises;
Business investment for technical assistance for small and medium enterprises;
Business investment for common workplace for start-up small and medium enterprises.
These are industries related to business investment activities in accordance with the Law on Supporting Small and Medium Enterprises. It is one of the policies that the State has encouraged to create conditions for small and medium-sized enterprises to have the opportunity to promote their business activities, to promote businesses to grow more and more.