On May 22, 2018, the Government issued Decree No.82/2018/ND-CP regulating on management of industrial parks and economic zones. This Decree took effect since July 10, 2018.
Accordingly, Decree No.82/2018/ND-CP regulates investment preferences for industrial zones and economic zones as follows:
- Economic zones and industrial parks which are geographical areas entitled to investment preferences shall enjoy preferential policies applicable to geographical areas on the list of geographical areas with difficult or extremely difficult socio-economic conditions according to the law on investment.
- Expenses for investment in the construction, operation or rent of apartment buildings and social infrastructure works for workers working in industrial parks or economic zones shall be deductible reasonable expenses when calculating the taxable incomes of enterprises with investment projects in industrial parks or economic zones.
- Investment projects on the construction of dwelling houses, cultural and sport works and social infrastructure works in service of workers in industrial parks or economic zones shall enjoy preferences according to the provisions of law on the construction of social housing and related legislation.
- Investors and enterprises having investment projects in industrial parks or economic zones assisted by competent agencies shall carry out administrative procedures for investment, enterprises, land, construction and environment, labor, trade under the “One door, one spot” mechanism, support for labor recruitment and other related issues in the project implementation.
With specific and detailed regulations, Decree No.82/2018/ND-CP is expected to facilitate the development of industrial zones and economic zones, thereby encouraging and attracting invest in these areas.