SHTP TAX INCENTIVES FOR INVESTMENT PROJECTS

Sectors of priority at SHTP

Sectors of priority at SHTP

The following technological sectors are of prime priority and encouraged to invest in Saigon Hi-Tech Park:

  • Micro-electronics, IT and Telecommunications.
  • Precision Mechanics, Automation and Robotics
  • New, advanced materials, new energy.
  • Biotechnology applied in pharmaceuticals and environment.
Corporate Income Tax (CIT) Incentives

Corporate Income Tax (CIT) Incentives

  • Tax rate equals 10% in 15 years, including 04 years of 0%, 9 years of 5% and 2 years of 10%.
  • Tax rate equals 10% in up to 30 years, applied for large-scale projects, using high or new technologies which is highly encouraged by Vietnamese government.
  • Tax rate equals 10% for entire project’s lifetime, applied for corporate income from training – education, vocational training and environmental protection services (socialized sectors).
Import duty exemption

Import duty exemption

For goods imported to form fixed assets of the project, including:

  • Equipment and machinery
    Special use means of transport included in technological lines which cannot be domestically manufactured yet; worker-transporting vehicles including 24-seat (or more) cars and waterway crafts.
  • Components, details, knocked down parts, spare parts, fittings and accessories accompanying machinery, equipment and special-use means of transport stated above.
  • Raw materials and supplies which cannot be domestically produced yet to be used for manufacturing equipment and machinery included in technological lines or for manufacturing
  • Building materials which cannot be domestically produced yet.
Import/Export duty and VAT exemption

Import/Export duty and VAT exemption

  • Applied for goods imported for direct use in scientific research and technological development.
  • Export duty exemption and VAT equals 0%
Soft Incentives

Soft Incentives

  • Access to SHTP Open Labs resources
  • Subsidized training for hired and pre-hired employees at SHTP Training Center. Access to preferential loan & grant from Hochiminh City’s Science and Technology Development Fund
  • Multiple entry visas for expatriates

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