THANH HOA
AN ATTRACTIVE INVESTMENT DESTINATION
THANH HOA
AN ATTRACTIVE INVESTMENT DESTINATION
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THANH HOA
AN ATTRACTIVE INVESTMENT DESTINATION
THANH HOA
AN ATTRACTIVE INVESTMENT DESTINATION
1. Land rent incentives (under Government Decree No. 103/2024/ND-CP dated 30 July 2024):
(1) Full exemption for the entire lease term for land used for production and business purposes to implement investment projects on the List of sectors and trades eligible for special investment incentives, located in areas with especially difficult socio-economic conditions.
(2) Land rent exemption for the entire lease term in the cases provided for in Clause 1, Article 39 of Government Decree No. 103/2024/ND-CP dated 30 July 2024, including:
- Land used to implement projects building worker accommodation within industrial parks.
- Land used to build dedicated railway infrastructure and railway industrial works under Point b, Clause 1, Point b, Clause 2 and Clause 3, Article 209 of the Land Law.
- Land used as the site for offices, drying yards, warehouses and production workshops, and for building service facilities directly serving the agricultural, forestry, aquaculture and salt-making production of cooperatives and unions of cooperatives.
- Land used to build clean-water supply, drainage and wastewater treatment works in urban and rural areas.
- Land used to build maintenance and repair stations and car parks (including ticketing areas, operation management areas and public service areas) serving public passenger transport in accordance with the law on road transport.
- Land used to build airport and airfield infrastructure under Point b, Clause 1, Article 208 of the Land Law.
- Land used to implement transport infrastructure investment projects under the public-private partnership method.
- Land used to build social housing for lease under Point c, Clause 2, Article 120 of the Land Law, and projects
renovating or rebuilding apartment buildings that qualify for land rent exemption under the law on housing and the law on land.
(3) Land rent exemption during the basic construction period as approved by the competent authority, but not exceeding 03 years from the date of the land lease decision, for projects using land for production and business purposes in investment-incentive sectors or areas under the law on investment and related laws, except for land used to build commercial housing or land used for commercial and service purposes.
(4) Land rent exemption after the basic-construction exemption period, ranging from 3 to 15 years for each type of project in the various incentive sectors and areas, namely:
- 03 years for production and business projects on the List of investment-incentive sectors and trades.
- 07 years for production and business projects invested in areas with difficult socio-economic conditions.
- 11 years for production and business projects invested in areas with especially difficult socio-economic conditions; production and business projects on the List of sectors and trades eligible for special investment incentives; and production and business projects on the List of investment-incentive sectors and trades invested in areas with difficult socio-economic conditions.
- 15 years for production and business projects on the List of investment-incentive sectors and trades invested in areas with especially difficult socio-economic conditions; production and business projects on the List of sectors and trades eligible for special investment incentives invested in areas with difficult socio-economic conditions; and for land used to build above-ground works serving the operation and exploitation of underground works.
2. Corporate income tax incentives (under the Law on Corporate Income Tax No. 67/2025/QH15)
Enterprises newly established from investment projects are entitled to corporate income tax incentives — depending on the incentive sector, trade and area — with a tax rate of 10%–17% applied for 10 years, 15 years or the entire operating period, together with a tax exemption of up to 4 years and a 50% reduction of payable tax for up to the following 9 years.
3. Export and import duty incentives (under Government Decree No. 134/2016/ND-CP dated 1 September 2016 and Decree No. 18/2021/ND-CP dated 11 March 2021)
Investors are exempt from duties in the following cases:
- Goods imported for processing and processed products exported; goods exported for processing and processed products imported.
- Goods imported to produce export goods; goods imported to create fixed assets of beneficiaries of investment incentives.
- Goods imported to serve petroleum activities; shipbuilding projects and facilities on the List of investment-incentive sectors and trades.
- Raw materials, supplies and components not yet domestically produced, imported for production by investment projects on the List of sectors and trades eligible for special investment incentives or in areas with especially difficult socio-economic conditions, and by investment projects of high-tech enterprises, science and technology enterprises and science and technology organisations under the law on high technology and the law on science and technology (exempt for 05 years).
- Raw materials, supplies and components not yet domestically produced, imported to produce and assemble medical equipment of investment projects prioritised for research and manufacture (exempt for 05 years).
4. Incentives for projects investing in agriculture and rural areas (under Government Decree No. 57/2018/ND-CP dated 17 April 2018)
- Enterprises with agricultural projects eligible for investment incentives or investment encouragement that lease land or water surface from the State are entitled to
the preferential land prices set by the People's Committee of the centrally governed province or city, with land and water-surface rents kept stable for at least 05 years.
- Enterprises with agricultural projects eligible for special investment incentives are exempt from land and water-surface rent from the date the State leases the land or water surface.
- Enterprises with agricultural projects eligible for investment incentives are exempt from land and water-surface rent for the first 15 years from the date the State leases the land or water surface, with a 50% reduction for the following 07 years.
- Enterprises with agricultural projects eligible for investment encouragement are exempt from land and water-surface rent for the first 11 years from the date the State leases the land or water surface, with a 50% reduction for the following 05 years.
- Enterprises with agricultural projects (eligible for special investment incentives, investment incentives or investment encouragement) that are leased land by the State to build housing for the project's workers and land for non-agricultural production facilities (land for workshops, warehouses, drying yards, internal roads and greenery) — including land permitted to be converted to the land types specified in this clause to serve the project — are exempt from land rent.
- Enterprises with agricultural projects eligible for investment encouragement are exempt from land and water-surface rent for the first 11 years from the date the State leases the land or water surface, with a 50% reduction for the following 05 years.
- Enterprises with agricultural projects (eligible for special investment incentives, investment incentives or investment encouragement) that are leased land by the State to build housing for the project's workers and land for non-agricultural production facilities (land for workshops, warehouses, drying yards, internal roads and greenery) — including land permitted to be converted to the land types specified in this clause to serve the project — are exempt from land rent.
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 rent incentives (under Government Decree No. 103/2024/ND-CP dated 30 July 2024):
Land rent exemption during the basic construction period, but not exceeding 03 years from the date of the land or water-surface lease decision of the competent state authority; exemption for 11 to 19 years from the date the project comes into operation, depending on the sector, trade and investment area under the law on investment; and exemption from land and water-surface rent for the entire implementation period for projects in sectors eligible for special investment incentives under Government regulations.
2. Corporate income tax incentives (under the Law on Corporate Income Tax No. 67/2025/QH15):
A 10% tax rate applied for 15 years to the enterprise's income from implementing the new investment project, counted from the first year the enterprise generates revenue; a tax
exemption for 04 years from the year of taxable income; and a 50% reduction of payable tax for the following 09 years.
3. Export and import duties (under Government Decree No. 134/2016/ND-CP dated 1 September 2016 and Decree No. 18/2021/ND-CP dated 11 March 2021):
Depending on the production and business sector, investors enjoy the following incentives:
- Import duty exemption for goods imported to create fixed assets, and for specialised means of transport within the technological line serving the investment project, as well as vehicles transporting workers.
- Import duty exemption for 5 years from the date the project enters production, for production raw materials, supplies, components and semi-finished products that Vietnam cannot yet produce or cannot produce to the required quality standards.
In addition to the investment incentive policies applied generally to all investment projects in the province set out in Part I above, projects investing in industrial parks outside the Nghi Son Economic Zone enjoy the following incentives:
1. Land and water-surface rent incentives (under Government Decree No. 103/2024/ND-CP dated 30 July 2024): Land and water-surface rent exemption during the basic construction period, but not exceeding 03 years from the date of the land or water-surface lease decision of the competent state authority; and exemption for 03 to 15 years from the date the project comes into operation, depending on the sector, trade and investment area under the law on investment.
2. Corporate income tax incentives (under the Law on Corporate Income Tax No. 67/2025/QH15): Tax exemption for 02 years and a 50% reduction of payable tax for the following 04 years.
3. Export and import duties (under Government Decree No. 134/2016/ND-CP dated 1 September 2016 and Decree No. 18/2021/ND-CP dated 11 March 2021): Depending on the production and business sector, investors enjoy the following incentives:
- Import duty exemption for goods imported to create fixed assets, and for specialised means of transport within the technological line serving the investment project, as well as vehicles transporting workers, etc.
- Import duty exemption for 5 years from the date the project enters production, for production raw materials, supplies, components and semi-finished products that Vietnam cannot yet produce or cannot produce to the required quality standards.
- Policy on the socialisation of preschool education in Thanh Hoa Province through 2033 (Provincial People's Council Resolution No. 386/2021/NQ-HDND dated 26 April 2021, as amended and supplemented by Resolution No. 27/2025/NQ-HDND dated 21 July 2025)
(1) Funding support for investors in non-public preschools to pay salaries to managers and teachers:
- For preschools located in communes:
+ Support period: 06 years (from the establishment and commencement of operation of the school).
+ Support level: in the first 03 years, monthly support equal to 100% of the Grade-1 salary corresponding to the trained professional qualification (college or university); in the following 03 years, decreasing year by year to 70%, 50% and 30% respectively of the above Grade-1 salary. The number of managers and teachers supported each year is determined by the school's actual enrolment at the end of Semester I.
- For preschools located in wards:
+ Support period: 03 years (from the establishment and commencement of operation of the school).
+ Support level: in the first year, monthly support equal to 70%; in the second year, 50%; and in the third year, 30% of the Grade-1 salary corresponding to the trained professional qualification (college or university). The number of managers and teachers supported each year is determined by the school's actual enrolment at the end of Semester I.
(2) Funding support for investors in non-public preschools to pay social insurance, health insurance and unemployment insurance (the investor's responsibility on behalf of employees) for managers and teachers:
- For preschools located in communes:
+ Support period: 05 years (from the establishment and commencement of operation of the school).
+ Support level: VND 500,000 per person per month. The number of managers and teachers supported each year is determined by the number of managers and teachers receiving salary support.
- For preschools located in wards:
+ Support period: 03 years (from the establishment and commencement of operation of the school).
+ Support level: VND 500,000 per person per month. The number of managers and teachers supported each year is determined by the number of managers and teachers receiving salary support.
- Policy to encourage the development of industry and handicrafts in Thanh Hoa Province for the 2022–2026 period (Provincial People's Council Resolution No. 121/2021/NQ-HDND dated 11 October 2021, as amended and supplemented by Resolution No. 23/2025/NQ-HDND dated 21 July 2025)
(1) Support for investment in the technical infrastructure of industrial clusters:
- VND 1 billion/ha for industrial clusters 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 and Son Thuy (except for industrial clusters bordering the Ho Chi Minh Road); VND 1.5 billion/ha for industrial clusters located in the communes of Muong Lat, Muong Chanh, Muong Ly, Nhi Son, Trung Ly, Tam Chung, Quang Chieu and Pu Nhi. The maximum support shall not exceed VND 20 billion per industrial cluster.
- VND 0.7 billion/ha for industrial clusters located in the remaining mountainous communes and for industrial clusters in the above-mentioned mountainous communes that border the Ho Chi Minh Road. The maximum support shall not exceed VND 15 billion per industrial cluster.
- VND 0.5 billion/ha for industrial clusters in the remaining communes of 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 for attracting labour in mountainous communes:
VND 1 billion/ha 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 Min, Son Thuy, Muong Lat, Muong Chanh, Muong Ly, Nhi Son, Trung Ly, Tam Chung, Quang Chieu and Pu Nhi; VND 0.7 billion/ha for investment projects located in the remaining mountainous communes. The maximum support shall not exceed VND 2 billion per project.
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carrying shipping lines must load or unload cargo at Nghi Son Port and tranship to or from ports carrying containers internationally.
- Support level: VND 300,000,000 per voyage through Nghi Son Port.
(3) Support for enterprises transporting containerised cargo through Nghi Son Port, Thanh Hoa Province:
- Enterprises, organisations and individuals carrying out the import and export of containerised cargo through Nghi Son Port, for both goods with customs declarations and goods without customs declarations filed at the Thanh Hoa Customs Department.
- For containers with customs declarations filed at Thanh Hoa Customs:
+ 20-foot containers: VND 2,000,000/container;
+ 40-foot containers: VND 3,000,000/container.
- For containers without customs declarations filed at Thanh Hoa Customs:
+ 20-foot containers: VND 700,000/container;
+ 40-foot containers: VND 1,000,000/container.
Applicable to large-scale and key investment projects in Thanh Hoa Province.
Thanh Hoa Province is committed to standing side by side with investors throughout the entire project life cycle – from completing investment, land, site clearance and construction procedures and securing infrastructure connections, through to implementation and commissioning.
Full legal compliance – no additional procedures.
Full compliance with the law is guaranteed, and no administrative procedure beyond the published process will be imposed.
Optimised processing time – total processing time cut by at least 50%.2. Optimised processing time – total processing time cut by at least 50%.
Agencies handle dossiers in parallel and coordinate concurrently so as to reduce total processing time by at least 50% against the statutory time limits.
No additional costs.
Obstacles monitored and resolved without delay.
Difficulties and obstacles are updated, tracked and resolved through inter-agency coordination, with a clear definition of the matters to be dealt with and no shifting or evasion of responsibility.
Two-way coordination – ensuring effective project delivery.
Difficulties and obstacles are updated, tracked and resolved through inter-agency coordination, with a clear definition of the matters to be dealt with and no shifting or evasion of responsibility.
Thanh Hoa regards the business community as a key driver of development and undertakes to:
- Receive, monitor and promptly address every proposal and difficulty raised by enterprises, with clear accountability, clear deadlines and clear outcomes, while shortening procedural turnaround times to the greatest extent possible so that projects can get under way sooner.
- Take the initiative in working alongside enterprises, concentrating on clearing bottlenecks in investment, production and business activities – particularly those relating to land, site clearance, planning, infrastructure and other prerequisites – thereby unlocking resources, accelerating progress and bringing projects into operation at an early date.
- Thanh Hoa is committed to building an open, transparent and secure investment and business environment that keeps red tape and harassment to an absolute minimum; to promptly rectifying and strictly sanctioning any conduct that causes difficulty or obstruction; and to safeguarding the lawful and legitimate rights and interests of enterprises and investors that operate in accordance with the law.
- The Province pledges to accompany enterprises in a spirit of responsibility, cooperation and shared growth, guided by the principle of “six clarities – one seamless process”: the authorities proactively provide support, remove difficulties and facilitate investment activities, while enterprises take the initiative in fully delivering their commitments on schedule, capital, technology, environmental protection and legal compliance.
Shortened processing times for investment-related administrative procedures falling within the competence of the Thanh Hoa Department of Finance and the Management Board of the Nghi Son Economic Zone and Industrial Parks of Thanh Hoa Province.
The processing time for Investment Policy Approval is set at two levels, both shorter than the maximum 17 working days prescribed in Clause 7, Article 35 of Decree No. 96/2026/ND-CP, namely:
a) Level 1: No more than 24 consecutive hours from the moment a valid dossier is received.
Applicable to dossiers fully satisfying Article 3 of Decision No. 2699/QD-UBND dated 25 August 2026 of the Chairman of the Provincial People’s Committee.
b) Level 2: No more than 07 working days from the date of receipt of a valid dossier.
Applicable to dossiers fully satisfying Article 3 of Decision No. 2699/QD-UBND dated 25 August 2026 of the Chairman of the Provincial People’s Committee.
Dossiers that do not meet the conditions for Level 1 or Level 2 shall still be accepted and processed within the time limits laid down in the Province’s Decision announcing administrative procedures.
Implementation unit:
OFFICE OF THE THANH HOA PROVINCE PEOPLE'S COMMITTEE
Website link
National Investment Information System (FDI)
The web portal of Thanh Hoa province
Public Administration Center in Thanh Hoa province
Investment Promotion Materials Design Agency:
Minh Khang Communication Technology Company (MKA)