Entities eligible for investment incentives

Clause 2, Article 15 Law on Investment 2020 stipulated as follows:

"2. Subjects eligible for investment incentives include:

a) Investment projects in business lines eligible for investment incentives specified in Clause 1 Article 16 of this Law;”

Pursuant to Clause 1, Article 16 of the Law on Investment 2020, business lines eligible for investment incentives:

a) Hi-tech activities, hi-tech supporting industry products, research, manufacturing and development of products formed from science and technology results in accordance with regulations of law on science and technology;

b) Manufacturing of new materials, new energy, clean energy, renewable energy; manufacturing of products with an added value of 30% or more; energy-saving products;

c) Manufacturing of key electronics, mechanical products, agricultural machinery, automobiles, automobile parts; shipbuilding;

d) Manufacturing of products on the List of prioritized supporting industry products;

dd) Manufacturing of IT products, software products, digital contents;

e) Breeding, growing and processing of agriculture products, forestry products, aquaculture products; afforestation and forest protection; salt production; fishing and fishing logistics services; production of plant varieties, animal breeds and biotechnology products;

g) Collection, treatment, recycling or re-use of waste;

h) Investment in development, operation, management of infrastructural works; development of public transportation in urban areas;

i) Pre-school education, general education, vocational education, higher education;

k) Medical examination and treatment; manufacturing of medicinal products and medicinal materials, storage of medicinal products; scientific research into preparation technology and biotechnology serving creation of new medicinal products; manufacturing of medical equipment;

l) Investment in sports facilities for the disabled or professional athletes; protection and promotion of value of cultural heritage;

m) Investment in geriatric centers, mental health centers, treatment for agent orange patients; care centers for the elderly, the disabled, orphans, street children;

n) People's credit funds, microfinance institutions;

o) Manufacturing of goods and provision of services that create or participate in value chains and industry linkage clusters.

In addition, industries and occupations eligible for investment incentives are also detailed in Appendix II of the Decree No. 31/2021/ND-CP. Investors should refer to this Appendix for details to decide on investment as well as register the correct industry and profession.