INVESTMENT INCENTIVES

• Import duties on materials, raw materials; semi-finished products which can not be  made domestically at standard quality shall be exempted for the first 05 production years.
• Corporate Income Tax (CIT) rate of 10% shall be applied for the first 15 years since business commencement; CIT exemption for the first 4 profit-making years and a half reduction for the 9 years thereafter. High-tech projects and those promising visible importance are eligible for the Prime Minister’s consideration of offering full-duration 10% tax rate incentive.
• A half reduction of personal high-income tax.
• Land lease term is up to 70 years.
• As for the cases of raw land leasing, exemption and/or reduction of land, water surface rental are as follows:
  • Full-duration exemption for projects of specially-encouraged category;
  • 15-year exemption for projects of encouraged category;
  • 11-year exemption for the rest.
• Assistance in skilled workers training and recruitment.
• Investment projects in the Non-tariff Zone of Dungquat shall enjoy special regime on ex-import procedures and tariffs, value added tax (VAT), special consumption tax.
• Foreigners residing in Vietnam and foreign investors are eligible for buying houses and leasing residential land in Dungquat.
• Single-price policy applies for all commodities, services, rental in Dungquat.
• Applicable in Dungquat is also the policy of leasing land in Van Tuong New Urban to build accommodations and leisure facilities serving enterprise managers, specialists; to build worker dormitories.

INVESTMENT FIELDS THAT ENJOYS COMPARATIVE ADVANTAGES IN  DUNGQUAT AND ARE ESPECIALLY ENCOURAGED

• Heavy industries:
  • Oil refining, petrochemical, chemical industries
  • Metallurgy, mechanical
  • Shipbuilding
• Light industries:
  • High-standard building materials production
  • New materials production
  • Electrical and electronics
  • Supporting industries for heavy industries
• Industrial parks infrastructure business
• Commercial centers/buildings, hotels and offices for rent
• Urban zones and accommodations business; Finance – banking – telecommunication services