Vietnam issues new criteria for determining high-tech enterprises
21 May 2021
High-tech activities are among the activities in which investment is encouraged by the Vietnam government. Encouraged investments are granted certain tax and land rental incentives as well as other support from the Vietnam government. To be recognised as a high-tech enterprise that is eligible to enjoy these incentives, an enterprise must satisfy certain criteria. On 16 March 2021, the Prime Minister issued Decision No. 10/2021/QD-TTg (“Decision 10”), which provides several new criteria in determining whether an enterprise qualifies as a high-tech enterprise. Decision 10 came into effect on 30 April 2021 and replaces Decision No. 19/2015/QD-TTg.
To view an article that discusses the new criteria set out in Decision 10, please click here.