The incentive investment policy of Vinh Phuc province

  1. In addition to the general preferential policies prescribed by the central Government regarding:

Corporate income tax;

Import and export duties;

Tax incentives for non-agricultural land use;

Incentives on land;

Projects in the field of socialization;

Investment projects in agriculture and rural areas

  1. Vinh Phuc province has investment incentive policies prescribed in the following documents:

Resolution No. 60 / NQ-HDND dated July 19, 2012 of the Provincial People’s Council approving the administrative reform program of Vinh Phuc province in the period of 2012-2020;

Resolution No. 159/2014 / NQ-HDND dated December 22, 2014 of the Provincial People’s Coucil on supporting social housing projects for workers and low-income people in Vinh Phuc province period 2015-2020;

Resolution No. 207/2015 / NQ-HDND dated December 22, 2015 of the Provincial People’s Council and the Decision No. 18/2016 / QD-UBND dated March 31, 2016 of the Provincial People’s Committee on a number of mechanisms and policies to support vocational education and job creation in Vinh Phuc province in the period of 2016-2020;

Resolution No. 45/2016 / NQ-HDND dated September 24, 2016 of the People’s Council of Vinh Phuc province on specific support for households and individuals in the State area to recover agricultural land to implement the to plan the construction of high-quality tourist and service urban centers in areas where economic restructuring is difficult in Vinh Phuc province in the 2016-2021 period;

Resolution No. 57/2016 / NQ-HDND dated 12/12/2016 of the People’s Council of Vinh Phuc province on a number of specific measures to attract investment and support enterprise development in Vinh Phuc province;

Resolution No. 42/2018 / NQ-HDND dated December 18, 2018 on the amendment and supplement to Article 1, Resolution No. 207/2015 / NQ-HDND dated December 22, 2015 of the Provincial People’s Council and Decision No. 18/2016 / QD-UBND dated March 31, 2016 of the Provincial People’s Committee on a number of mechanisms and policies to support vocational education and job creation in Vinh Phuc province in the period 2016 – 2020;

Resolution No. 50/2018 / NQ-HDND dated December 18, 2018 of the Provincial People’s Council on supporting investment and developing industrial clusters in Vinh Phuc province in the period of 2019-2021;

Resolution No. 87/2019 / NQ-HDND dated December 11, 2019 of the People’s Council on specific policies to encourage enterprises to invest in agriculture and rural areas in Vinh Phuc province in the period of 2020-2025.

The province has a policy of handing over clean ground to projects prioritized to encourage investment, including the Education-Training and Vocational Training Project; Medical; Sport; Environment treatment;

Cooperate with enterprises in timely removing difficulties and obstacles arising in the process of project formation as well as in production and business of enterprises; Receiving recommendations, directing timely resolution of difficulties and problems of enterprises by establishing and maintaining the business communication portal of the Government of Vinh Phuc Province http://doithoaidoanhnghiep.vinhphuc.gov.vn (Since receiving questions, recommendations and suggestions from businesses, provincial agencies are responsible for responding to enterprises after no more than 05 working days);

Regarding administrative procedures: being publicized about the process, components of dossiers, forms and supervised and handled under the one-stop shop mechanism at Vinh Phuc Public Administration Service Center. The investor submits the dossier and receives the results of the settlement of administrative procedures on investment at the Vinh Phuc Public Administration Service Center with the time reduced from one third  to a half compared to the general provisions of Vietnam;

Investors can find information on socio-economic situation, investment incentive policies, projects calling for investment through the website at http://investvinhphuc.vn/ of Investment Promotion Agency (Department of Planning and Investment).

For large projects, depending on each specific project, the province may consider and decide appropriate investment incentive policies.