This Decision amends and adjusts List B and C regarding areas with difficult socio-economic conditions and particularly difficult conditions for investment incentives. Investment projects located in areas listed in List B and C shall enjoy investment incentives as prescribed.
Scope of application
Investment projects in provinces/cities with locations included in List B and C
Key points
- Investment projects in areas included in List B and C shall enjoy investment incentives under Decree No. 35/2002/NĐ-CP and Decree No. 51/1999/NĐ-CP.
- Corporate income tax incentives shall be implemented in accordance with Decree No. 164/2003/NĐ-CP and Decree No. 152/2004/NĐ-CP.
- Investment projects that have been granted Investment Incentive Certificates and are no longer within List B and C shall still enjoy remaining incentive periods.
- If investment projects fall within List B and C, investors may adjust and supplement investment incentives as prescribed.
- This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
🌐 Social impact of this document
- Creating opportunities for investment projects in difficult and particularly difficult areas, promoting economic and social development.
- Reducing tax burdens on businesses operating in incentivized locations.
- Provinces/cities with locations included in List B and C will attract more investment.
❓ Frequently asked questions
Where can new investment projects enjoy incentives?
New investment projects in locations included in List B and C in this Decision shall enjoy investment incentives as prescribed.
What are corporate income tax incentives like?
Corporate income tax incentives shall be implemented in accordance with Decree No. 164/2003/NĐ-CP and Decree No. 152/2004/NĐ-CP.
Will investment projects that have been granted Investment Incentive Certificates be affected?
If the project does not belong to the new List B and C, it will still enjoy remaining incentive periods. If it belongs to the new list, investors may adjust and supplement incentives.
When does this Decision take effect?
This Decision shall take effect fifteen days from the date of publication in the Official Gazette.
What locations are included in List B and C?
List B includes provinces/cities such as Quang Ninh, Vinh Phuc, Dien Bien, Lao Cai, Ha Giang, Binh Phuoc, Dak Nong, Gia Lai, Bac Lieu, Ca Mau, Dong Nai, Hau Giang. List C includes provinces/cities such as Bac Can, Cao Bang, Lai Chau, Dien Bien, Lao Cai, Son La, Quang Ngai, Ninh Thuan, Binh Phuoc, Quang Nam, Phu Yen, Dak Nong, Gia Lai, Lam Dong, Kon Tum, Soc Trang.
Full text
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PRIME MINISTER |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 190/2005/QĐ-TTg |
Hanoi, July 28, 2005 |
Pursuant to …;
Regarding the amendment and adjustment of List B and C issued as an appendix to Decree No. 35/2002/NĐ-CP dated March 29, 2002 of the Government
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to the Law on Encouraging Domestic Investment (Amended) No. 03/1998/QH10 dated May 20, 1998;
Pursuant to Article 3 of Decree No. 35/2002/NĐ-CP dated March 29, 2002 of the Government;
At the proposal of the Minister of Planning and Investment,
DECISION:
Article 1. Amending and adjusting List B of areas with difficult economic and social conditions and List C of areas with particularly difficult economic and social conditions issued as an appendix to Decree No. 35/2002/NĐ-CP dated March 29, 2002 of the Government regarding the amendment and supplementation of Lists A, B, and C issued as an appendix to Decree No. 51/1999/NĐ-CP dated July 8, 1999 of the Government detailing the implementation of the Law on Encouraging Domestic Investment (Amended).
Article 2. Investment incentives are stipulated as follows:
1. Investment projects located in areas listed in List B and C as provided for in Article 1 of this Decision shall implement and enjoy investment incentives as prescribed in Decree No. 35/2002/NĐ-CP dated March 29, 2002 and Decree No. 51/1999/NĐ-CP dated July 8, 1999 of the Government detailing the Law on Encouraging Domestic Investment (Amended). Specifically, corporate income tax incentives shall be implemented in accordance with Decree No. 164/2003/NĐ-CP dated December 22, 2003 of the Government detailing the Corporate Income Tax Law and Decree No. 152/2004/NĐ-CP dated August 6, 2004 of the Government amending and supplementing certain provisions of Decree No. 164/2003/NĐ-CP dated December 22, 2003 of the Government detailing the Corporate Income Tax Law.
2. For investment projects that have been granted Investment Incentive Certificates but now do not fall within List B and C as provided for in Article 1 of this Decision, they will still enjoy the remaining period of incentives.
3. For investment projects that have been granted Investment Incentive Certificates, if they fall within List B and C as provided for in Article 1 of this Decision, and if investors submit applications for adjustment and supplementation of investment incentives, the authority issuing the Investment Incentive Certificate shall adjust and supplement the incentives for the remaining period from the date this Decision takes effect.
Article 3This Decision shall take effect fifteen days after its publication in the Official Gazette.
Article 4.Ministers, Heads of ministerial-level agencies, Heads of government-affiliated agencies, Chairpersons of People's Committees of provinces and centrally governed cities are responsible for implementing this Decision./.
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PRIME MINISTER THE PRIME MINISTER (Signed) Phan Van Khai |
LIST B
AMENDMENT AND ADJUSTMENT OF SOME LOCALITIES IN AREAS WITH DIFFICULT ECONOMIC AND SOCIAL CONDITIONS
CIRCUMSTANCES OF ECONOMIC AND SOCIAL DIFFICULTIES EXIST
Province of Quang Ninh
- City of Mong Cai
Province of Vinh Phuc
- District of Tam Dao
Province of Dien Bien
- City of Dien Bien Phu
- City of Muong Lay
- District of Dien Bien
Province of Lao Cai
- City of Lao Cai
Province of Ha Giang
- District of Quang Binh
Province of Binh Phuoc
- District of Chon Thanh
Province of Dak Nong
- District of Dak Mil
- District of Cu Jut
- District of Dak Rlai
Province of Gia Lai
- City of An Khe
- District of Dak Po
- District of Ya Pa
Province of Bac Lieu
- District of Hoa Binh
Province of Ca Mau
- District of Phu Tan
- District of Nam Can
Province of Dong Nai
- District of Cam My
Province of Hau Giang
- District of Long My
- District of Vi Thuy
LIST C
AMENDMENT AND ADJUSTMENT OF SOME LOCALITIES IN AREAS WITH DIFFICULT ECONOMIC AND SOCIAL CONDITIONS
AREAS WITH PARTICULARLY DIFFICULT ECONOMIC AND SOCIAL CONDITIONS
Province of Bac Kan
- District of Pac Na
Province of Cao Bang
- District of Bao Lam
Province of Lai Chau
- City of Lai Chau
- District of Than Uyen
Province of Dien Bien
- District of Muong Cha
- District of Toua Chua
- District of Tuan Giao
- District of Dien Bien Dong
- District of Muong Nhe
Province of Lao Cai
- District of Si Ma Cai
Province of Son La
- District of So Phop
Province of Quang Ngai
- District of Tay Tra
Province of Ninh Thuan
- District of Bac Ai
- District of Thuong Bac
Province of Binh Phuoc
- District of Bu Dop
Province of Quang Nam
- District of Dong Giang
- District of Tay Giang
- District of Bac Tra My
- District of Nam Tra My
Province of Phu Yen
- District of Dong Hoa
- District of Tay Hoa
Province of Dak Nong
- City of Gia Nghia
- District of Dak Song
- District of Krong No
- District of Dak Glong
Province of Gia Lai
- District of Dak Doa
Province of Lam Dong
- District of Dam Rong
Province of Kon Tum
- District of Tu Mo Rong
Province of Soc Trang
- District of Ngia Nam
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