1 The income of enterprise from the implementation of new investment project in production (excluding projects making products subject to the excise tax and the mineral mining projects) should meet both criteria:
Project has scale of investment capital of at least VND 6 trillion (approximately $300 million) disbursed no later than 3 years after the issue of investment license.
Project has minimum total revenue of at least VND 10 trillion/year (approximately $500 million) OR ermploys over 3,000 employees (full-time labor contract) after 3 years at the latest since year of revenue.
|Tax incentive||Tax exemption, reduction|
|Tax rate||Period||Exempt||Off 50%|
|Incentive rate||10%||15 years||4 years||Next 9 years|
|Applying period||At time enterprises get turnover||At time enterprises earn profit|
2 Newly established enterprises enjoy tax exemption and reduction as follow
|Tax rate||Tax exemption, reduction|
|Incentive rate||20%||2 years||The next 4 years|
|Applying period||Since enterprises get turnover||At time enterprises earn profit|