INVESTMENT PREFERENTIAL MECHANISMS AND POLICIES

GOVERNMENT POLICIES

I. INVESTMENT INCENTIVE POLICIES IN AREAS OUTSIDE NGHI SON ECONOMIC ZONE AND INDUSTRIAL PARKS IN THANH HOA PROVINCE

1. Land rental incentives (as stipulated in Government Decree No. 103/2024/ND-CP dated July 30, 2024):
(1) Full exemption from land rent for the entire lease term for projects using land for production and business purposes that fall under the List of sectors and trades entitled to special investment incentives and are implemented in areas with particularly difficult socio-economic conditions.
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(2) Exemption from land rent for the entire lease term in cases prescribed in Clause 1, Article 39 of Government Decree No. 103/2024/ND-CP dated July 30, 2024, including:
- Use of land for the implementation of investment projects to construct worker accommodation within industrial parks.
- Use of land for the construction of specialized railway infrastructure and railway industrial works in accordance with Point b, Clause 1; Point b, Clause 2; and Clause 3, Article 209 of the Law on Land.
- Use of land as sites for the construction of offices, dry yards, warehouses and production workshops; and for the establishment of service facilities directly serving agricultural production, forestry, aquaculture and salt production of cooperatives and cooperative unions.
- Use of land for the construction of clean water supply works and drainage and wastewater treatment facilities in urban and rural areas.
- Use of land for the construction of maintenance and repair stations, parking lots (including ticketing areas, management and operation areas, and public service areas) serving public passenger transport activities in accordance with the laws on road transport.
- Use of land for the construction of airport and aerodrome infrastructure in accordance with Point b, Clause 1, Article 208 of the Law on Land.
- Use of land for the implementation of investment projects to develop transport infrastructure under the public–private partnership (PPP) model.
- Use of land for the construction of social housing for lease in accordance with Point c, Clause 2, Article 120 of the Law on Land; and investment projects for ren

ovation and reconstruction of apartment buildings that are eligible for land rent exemption in accordance with the laws on housing and land.

(3) Exemption from land rent during the construction period in accordance with the project approved by the competent authority, but for no more than 03 years from the date of the land lease decision, for projects using land for production and business purposes in sectors entitled to investment incentives or located in areas eligible for investment incentives in accordance with the laws on investment and other relevant laws, except for projects using land for commercial housing development or for commercial and service purposes. but for no more than 03 years from the date of the land lease decision, for projects using land for production and business purposes in sectors entitled to investment incentives or located in areas eligible for investment incentives in accordance with the laws on investment and other relevant laws, except for projects using land for commercial housing development or for commercial and service purposes.

(4) Exemption from land rent, after the land rent exemption period during the construction phase , ranging from 3 to 15 years depending on the type of project and the applicable incentive sectors or locations, including:
- A 03-year exemption for production and business projects falling under the List of sectors and trades entitled to investment incentives.
- A 07-year exemption for production and business projects invested in areas with difficult socio-economic conditions.
- An 11-year exemption for production and business projects invested in areas with particularly difficult socio-economic conditions; production and business projects falling under the List of sectors and trades entitled to special investment incentives; and production and business projects falling under the List of sectors and trades entitled to investment incentives implemented in areas with difficult socio-economic conditions.
- A 15-year exemption for production and business projects falling under the List of sectors and trades entitled to investment incentives implemented in areas with particularly difficult socio-economic conditions; production and business projects falling under the List of sectors and trades entitled to special investment incentives implemented in areas with difficult socio-economic conditions; and for land used for the construction of above-ground structures serving the operation and exploitation of underground works.

2. Corporate income tax incentives (as stipulated in the Law on Corporate Income Tax No. 67/2025/QH15):67/2025/QH15):
Newly established enterprises from investment projects may, depending on the sector and investment location eligible for incentives, enjoy corporate income tax incentives with preferential tax rates ranging from 10% to 17%, applicable for a period of 10 years, 15 years, or for the entire duration of operation. In addition, enterprises may be entitled to a tax exemption for up to 4 years and a 50% reduction of the payable tax for a maximum of the subsequent 9 years.

3. Export and import duty incentives (quy định tại Nghị định số 134/2016/NĐ-CP (as stipulated in Government Decree No. 134/2016/ ND-CP dated September 1, 2016, and Government Decree No. 18/2021/ND-CP dated March 11, 2021):

Investors are entitled to import and export duty exemptions in the following cases:
- Imported goods for processing and processed products for export; exported goods for processing and processed products re-imported into Viet Nam.
- Imported goods used to produce export goods; and imported goods used to form fixed assets of investment projects eligible for investment incentives.
- Imported goods serving petroleum operations; and projects or facilities engaged in shipbuilding that fall under the List of sectors and trades entitled to investment incentives.
- Imported raw materials, supplies and components that cannot yet be produced domestically and are used for the production of projects falling under the List of sectors and trades entitled to special investment incentives or located in areas with particularly difficult socio-economic conditions; and investment projects of high-tech enterprises, science and technology enterprises, and science and technology organizations in accordance with the laws on high technology and science and technology (exempted for a period of 05 years).

- Imported raw materials, supplies and components that cannot yet be produced domestically and are used for the manufacture and assembly of medical equipment under investment projects prioritized for research and production (exempted for a period of 05 years).
4. Incentives for investment projects in the agricultural and rural sectors (as stipulated in Government Decree No.57/2018/ND-CP dated April 17, 2018):
- Enterprises implementing agricultural projects eligible

for investment incentives and investment encouragement, when leasing land or water surface from the State, shall be entitled to preferential land prices as prescribed by the People’s Committee of the province or centrally governed city, and the land and water surface rental rates shall remain stable for a minimum period of 05 years.
- Enterprises implementing agricultural projects entitled to investment incentives shall be exempt from land and water surface rental for the first 15 years from the date the State leases the land or water surface, and shall be entitled to a 50% reduction of land and water surface rental for the subsequent 07 years.
- Enterprises implementing agricultural projects encouraged for investment shall be exempt from land and water surface rental for the first 11 years from the date the State leases the land or water surface, and shall be entitled to a 50% reduction of land and water surface rental for the subsequent 05 years.
- Enterprises implementing agricultural projects (including projects entitled to special investment incentives, investment incentives, or investment encouragement) that are leased land by the State for the construction of housing for project workers or for non-agricultural production facilities (such as factories, warehouses, drying yards, internal roads, and green areas), including land permitted to be converted to these land-use purposes to serve the project, shall be exempt from land rent.
- Enterprises implementing agricultural projects encouraged for investment shall be exempt from land and water surface rental for the first 11 years from the date the State leases the land or water surface and shall be entitled to a 50% reduction of land and water surface rental for the subsequent 05 years.

- Enterprises implementing agricultural projects (including projects entitled to special investment incentives, investment incentives, or investment encouragement) that are leased land by the State for the construction of housing for project workers or for non-agricultural production facilities (such as factories, warehouses, drying yards, internal roads, and green areas), including land permitted to be converted to these land-use purposes to serve the project, shall be exempt from land rent.
- Enterprises implementing agricultural projects encouraged for investment shall be exempt from land and water surface rental for the first 11 years from the date the State leases the land or water surface and shall be entitled to a 50% reduction of land and water surface rental for the subsequent 05 years.

II. INVESTMENT INCENTIVE POLICIES FOR NGHI SON ECONOMIC ZONE

In addition to the general investment incentive policies applicable to all investment projects in the province as mentioned in Part I above, investment projects in the Nghi Son Economic Zone shall be entitled to the following incentives:

1. Land rental incentives (as stipulated in Government Decree No. 103/2024/ND-CP dated July 30, 2024):
Land rental shall be exempted during the construction period, but for no more than 03 years from the date of the land or water surface lease decision issued by the competent state authority; exemption from 11 to 19 years from the date the project becomes operational depending on the sector, industry and investment location in accordance with the investment laws; and full exemption from land and water surface rental for the entire project duration for projects in sectors entitled to special investment incentives as prescribed by the Government.
2. Corporate income tax incentives (as stipulated in the Law on Corporate Income Tax No. 67/2025/QH15):67/2025/QH15):
A preferential corporate income tax rate of 10% shall be applied for 15 years to income derived from new investment projects. Counted from the first year the enterprise generates revenue; enterprises are entitled to a 4-year tax exemption from the time taxable income is generated and a 50% reduction of the payable tax for the following 9 years.

3. Export and import tax incentives and Government Decree No. 18/2021/ND-CP dated March 11, 2021):
Depending on the sector and business activities, investors may be entitled to the following incentives:
- Exemption from import duties for goods used to form fixed assets; specialized transport vehicles within the technological production line serving the investment project; and vehicles used to transport workers.
- Exemption from import duties for 5 years from the commencement of production for raw materials, supplies, components and semi-finished products that are not yet produced in Viet Nam or cannot be produced domestically to required quality standards.

III. INVESTMENT INCENTIVE POLICIES FOR INDUSTRIAL PARKS OUTSIDE NGHI SON ECONOMIC ZONE

In addition to the general investment incentive policies applicable to all investment projects in the province as men
tioned in Part I above, investment projects located in industrial parks outside the Nghi Son Economic Zone shall be entitled to the following incentives:
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1. Land and water surface rental incentives (as stipulated in Government Decree No. 103/2024/ ND-CP dated July 30, 2024): Exemption from land and water surface rental during the construction period, but for no more than 03 years from the date of the decision on land or water surface lease issued by the competent state authority; and exemption for a period ranging from 03 to 15 years from the date the project becomes operational, depending on the sector, industry and investment location in accordance with the laws on investment.
2. Corporate income tax incentives (as stipulated in the Law on Corporate Income Tax No. 67/2025/QH15): 67/2025/QH15): Tax exemption for 02 years and a 50% reduction of the payable tax for the subsequent 04 years.

3. Export and import tax incentives and Government Decree No. 18/2021/ND-CP dated March 11, 2021): Depending on the sector and business activities, investors may enjoy the following incentives:
Exemption from import duties for goods used to form fixed assets; specialized transport vehicles that are part of the technological production line serving the investment project; and vehicles used for transporting workers, etc.
- Exemption from import duties for 5 years from the commencement of production for raw materials, supplies, components and semi-finished products that are not yet produced in Viet Nam or cannot be produced domestically to required quality standards.

POLICIES OF THANH HOA PROVINCE

- Policy on the socialization of early childhood education in Thanh Hoa Province until 2033(Pursuant to Resolution No. 386/2021/ NQ-HĐND dated April 26, 2021 of the Provincial People’s Council; amended and supplemented by Resolution No. 27/2025/NQ-HĐND dated July 21, 2025) 21/7/2025)
(1) Financial support for investors of non-public preschool institutions to pay salaries for management staff and teachers:
- For preschools located in communes:
+ Support period: 06 years (from the time the preschool is established and becomes operational).
+ Support level: During the first 03 years, monthly support equivalent to 100% of the Level-1 salary corresponding to the professional qualification of the staff (college or university degree). During the following 03 years, the support level shall be gradually reduced each year to 70%, 50%, and 30% respectively of the above-mentioned Level-1 salary. The number of management staff and teachers eligible for annual support shall be determined based on the number of children enrolled at the preschool at the end of the first semester of the academic year.
- For preschools located in wards:
+ Support period: 03 years (from the time the preschool is established and becomes operational).
+ Support level: In the first year, monthly support equal to 70% of the Level-1 salary
corresponding to the professional qualification obtained (college or university degree); in the second year, 50%; and in the third year, 30% of the above-mentioned Level-1 salary. The number of management staff and teachers eligible for support each year shall be determined based on the number of children enrolled at the preschool at the end of the first semester.
(2) Financial support for investors of non-public preschools to pay social insurance, health insurance, and unemployment insurance contributions (which are the responsibility of the employer) for management staff and teachers.
- For preschools located in communes:
+ Support period: 05 years (from the time the preschool is established and becomes operational).
+ Support level: VND 500,000 per person per month. The number of management staff and teachers eligible for support each year shall be determined based on the number of management staff and teachers receiving salary support.
- For preschools located in wards:
+ Support period: 03 years (from the time the preschool is established and becomes operational).
+ Support level: VND 500,000 per person per month. The number of management staff and teachers eligible for support each year shall be determined based on the number of management staff and teachers receiving salary support.

- Policy on encouraging the development of industry and handicrafts in Thanh Hoa Province for the period 2022–2026 (Pursuant to Resolution No. 121/2021/NQ-HĐND dated October 11, 2021, of the Provincial People’s Council; amended and supplemented by Resolution No. 23/2025/NQ-HĐND dated 21/7/2025)
(1) Support for investment in the construction of technical infrastructure for Industrial Clusters:
- Support of VND 1 billion per hectare for industrial clusters (ICs) with part or all of their area located in the following mountainous communes: Thuong Xuan, Luan Thanh, Tan Thanh, Thang Loc, Xuan Chinh, Van Xuan, Luong Son, Bat Mot, Yen Nhan, Linh Son, Dong Luong, Van Phu, Giao An, Yen Khuong, Yen Thang, Ba Thuoc, Thiet Ong, Van Nho, Dien Quang, Dien Lu, Quy Luong, Co Lung, Pu Luong, Hoi Xuan, Nam Xuan, Phu Le, Phu Xuan, Trung Thanh, Trung Son, Hien Kiet, Thien Phu, Quan Son, Trung Ha, Na Meo, Tam Lu, Tam Thanh, Son Dien, Muong Min, Son Thuy (excluding industrial clusters whose boundaries are adjacent to the Ho Chi Minh Road);

- Support of VND 0.7 billion per hectare for industrial clusters (ICs) located in the remaining mountainous communes and for industrial clusters located in the mountainous communes mentioned above whose boundaries are adjacent to the Ho Chi Minh Road. The maximum support shall not exceed VND 15 billion per industrial cluster.
- Support of VND 0.5 billion per hectare for industrial clusters located in the remaining communes within the province. The maximum support shall not exceed VND 10 billion per industrial cluster.
(2) Support for investment in industrial and handicraft production projects and labor attraction in mountainous communes:
Support of VND 1 billion per hectare for investment projects with part or all of their area located in the following mountainous communes: Thuong Xuan, Luan Thanh, Tan Thanh, Thang Loc, Xuan Chinh, Van Xuan, Luong Son, Bat Mot, Yen Nhan, Linh Son, Dong Luong, Van Phu, Giao An, Yen Khuong, Yen Thang, Ba Thuoc, Thiet Ong, Van Nho, Dien Quang, Dien Lu, Quy Luong, Co Lung, Pu Luong, Hoi Xuan, Nam Xuan, Phu Le, Phu Xuan, Trung Thanh, Trung Son, Hien Kiet, Thien Phu, Quan Son, Trung Ha, Na Meo, Tam Lu, Tam Thanh, Son Dien, Muong

Policy on supporting international and domestic maritime transport vessels and providing support for enterprises transporting goods by container through Nghi Son Port, Thanh Hoa Province (Pursuant to Resolution No. 248/2022/NQ-HĐND dated July 13, 2022 of the Provincial People’s Council).
(1) Support for international maritime transport vesselsoperating through Nghi Son Port, Thanh Hoa Province
- Shipping lines opening international container shipping routes through Nghi Son Port, Thanh Hoa Province must meet the following conditions: The shipping line must be licensed to operate container shipping services in accordance with relevant regulations; Container vessels must load or discharge cargo at Nghi Son Port.
- Support level: VND 500,000,000 per voyage calling at Nghi Son Port.
(2) Support for domestic container shipping vessels operating through Nghi Son Port, Thanh Hoa Province
- Domestic shipping lines transporting containers through Nghi Son Port, Thanh Hoa Province must meet the following conditions: Domestic shipping

lines must be licensed to operate container shipping routes in accordance with relevant regulations; Container vessels must load or discharge cargo at Nghi Son Port and transship to or from ports serving international container transport routes.
- Support level: VND 300,000,000 per voyage calling at Nghi Son Port.
(3) Support for enterprises transporting goods by container through Nghi Son Port, Thanh Hoa Province
- Enterprises, organizations, and individuals conducting import and export of goods by container through Nghi Son Port shall be eligible for support for goods for which customs declarations are opened or not opened at the Thanh Hoa Customs Department.
- For containers with customs declarations opened at Thanh Hoa Customs:
+ 20-foot container: VND 2,000,000 per container;
+ 40-foot container: VND 3,000,000 per container.
- For containers without customs declarations opened at Thanh Hoa Customs:
+ 20-foot container: VND 700,000 per container;
+ 40-foot container: VND 1,000,000 per container.