1. Is a social housing investment project subject to special investment support?

Subjects applying for special investment incentives and support, according to the provisions of Clause 2, Article 20 of the Investment Law 2020. According to this clause, projects eligible for special incentives and support include two main groups:

- Investment projects to establish new innovation centers and research and development centers:

+ Target: These projects recognize the importance of promoting innovation and industrial development. It includes the expansion of newly established projects.

+ Investment capital requirements: The project needs a total investment capital of VND 3,000 billion or more.

+ Disbursement: To ensure efficiency and investment commitment, the project needs to disburse at least VND 1,000 billion within 3 years from the date of issuance of the Investment Registration Certificate or approval. investment policy.

+ Special project type: Including national innovation center, established by decision of the Prime Minister.

- Investment projects in industries and occupations with special investment incentives:

+ Subjects: Projects in industries and trades that are given special incentives with investment capital of 30,000 billion VND or more.

+ Disbursement: The project needs to disburse a minimum of 10,000 billion VND within 03 years from the date of issuance of the Investment Registration Certificate or approval of investment policy.

+ Objective: This group aims to focus on areas of great importance in national economic development and require large capital investments to ensure sustainable development.

These criteria and conditions are established to encourage and favor important projects that bring great benefits to the country's economic and social development. According to detailed regulations in Appendix II of the List of industries and occupations eligible for investment incentives according to Decree 31/2021/ND-CP, the fields of Culture, Society, Sports, and Health are determined as follows:

- Construction of social housing and resettlement housing:

+ Incentive objective: Support projects to build social housing and resettlement housing, contribute to solving housing problems, improving living conditions for the community.

+ Investment incentive conditions:

• Investment capital scale is from 30,000 billion VND or more.
• Disbursement of at least VND 10,000 billion within 03 years from the date of issuance of Investment Registration Certificate or approval of investment policy.

- Investing in business establishments implementing hygiene and disease prevention:

+ Incentive objective: Encourage investment in facilities that implement hygiene and disease prevention, contributing to improving the ability to prevent, combat and respond to medical emergencies.

+ Investment incentive conditions: Specific incentive conditions are not clearly stated in the excerpt, however, it is expected to be related to investment scale and project object.

- Scientific research on preparation technology and biotechnology:

+ Incentive objective: Support research projects on preparation technology and biotechnology to develop new drugs, new veterinary drugs, vaccines, and biological products in the medical field.

+ Investment incentive conditions: Specific incentive conditions are not presented in the excerpt, however, they may be related to the scale of investment capital and volume of scientific research.

Therefore, according to regulations, social housing construction investment projects must meet the above conditions, especially with an investment capital of VND 30,000 billion or more and a minimum disbursement of VND 10,000 billion. Dong within 3 years. This emphasizes the importance of social housing and resettlement housing projects in the country's socio-economic development strategy.

2. Special forms of investment support for social housing construction investment projects

According to detailed regulations atClause 4, Article 20 of the Investment Law 2020, social housing construction investment projects receive special investment support through many diverse forms of support. This also clearly reflects the law's attention to the construction and development of projects that have a positive impact on the social housing sector.

- Support the development of technical and social infrastructure systems: Ensure that social housing projects are supported in the construction and development of technical and social infrastructure systems relevant society, thereby creating favorable conditions for the sustainable development of the community.

- Support training and human resource development: Strengthen the capacity and quality of human resources participating in the process of building and managing social housing projects, while ensuring the quality development of the project. judgment.

- Credit support: Create favorable financial conditions so that social housing projects can be implemented effectively and sustainably.

- Support access to production and business premises; Support production and business establishments to relocate: Support businesses related to social housing projects in accessing production and business premises as well as relocating production and business establishments when needed necessary, creating favorable conditions for the development of the project.

- Scientific, technical and technology transfer support: Encourage innovation and technological updates in the field of social housing construction, helping to improve the quality and performance of projects.

- Support market development and provide information: Support social housing projects in the market access process and provide detailed information, helping them have an overview and appropriate development strategy. physical.

- Support research and development: Encourage research and development activities to ensure uniqueness and creativity in the design and construction of social housing projects.

These forms of support not only help create favorable conditions for social housing projects but also make an important contribution to the sustainable development of this field.

3. Investment projects do not receive special investment support

According to the provisions of Clause 5, Article 20 of the Investment Law 2020, the following investment projects will not receive special investment support:

- Investment projects that have had a written certification or investment policy decision before the effective date of this Law (ie before January 1, 2021): This applies to projects that have already started investment process before the 2020 Investment Law takes effect, and at the same time to promote businesses to comply with new regulations.

- Mineral exploitation investment projects: Maintain the same thinking applied to mineral exploitation projects, possibly due to the special nature of this industry requiring separate regulations and policies.

- Investment projects in the production and trading of goods and services subject to special consumption tax: Limit special incentives for projects subject to special consumption tax, except for automobile manufacturing projects. cars, airplanes, yachts.

- Commercial housing construction investment projects: Commercial housing construction projects do not receive special investment support, to focus incentives on social housing and other specific development goals of the government. nation.

At the same time, according toClause 5, Article 15 of the Investment Law 2020, the forms and subjects applying investment incentives are as follows:

- Mineral exploitation investment projects;

- Investment projects to produce and trade goods and services subject to special consumption tax according to the provisions of the Law on Special Consumption Tax 2008, except for projects to produce cars, aircraft, and yachts;

- Commercial housing construction investment projects according to the provisions of housing law.

Investment incentives are applied for a limited time and are determined based on the investor's project performance results. Investors need to meet the conditions prescribed by law during the investment incentive period. This emphasizes transparency and legal discretion in managing and promoting investment activities.