TAX INCENTIVES

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.

• 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).

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.

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

• 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