Decree No. 29-CP of 1993 of the Government stipulates incentives for overseas Vietnamese when investing in Vietnam, including tax reduction, protection of property rights and asset transfer, authorization to participate in the board of directors, and facilitation of entry. These incentives aim to encourage investment from the overseas Vietnamese community.
적용 범위
Overseas Vietnamese and economic organizations established by them when investing in Vietnam.
핵심 사항
- Overseas Vietnamese are granted a 20% reduction in income tax compared to the prescribed rate (Article 5).
- When transferring profits abroad, overseas Vietnamese must pay a tax rate of 5% of the transferred profit (Article 6).
- Overseas Vietnamese investing in Vietnam are authorized to appoint individuals within the country or residing abroad to represent them in the board of directors (Article 7).
- Enterprises with capital invested by overseas Vietnamese and joint ventures involving overseas Vietnamese may buy and sell foreign currencies at the State Bank's foreign exchange trading center (Article 8).
- Overseas Vietnamese returning to Vietnam to prepare for investment or to implement business licenses are granted multiple-entry visas valid for a period of three months to one year (Article 9).
🌐 이 문서의 사회적 영향
- Creating favorable conditions for overseas Vietnamese to invest in Vietnam, contributing to promoting the economy and developing the country.
- Reducing the tax burden on businesses owned by overseas Vietnamese, helping them have additional resources to invest.
- Strengthening cooperation among parties in managing and supervising investment activities, protecting the interests of all parties involved.
❓ 자주 묻는 질문
What percentage of income tax is reduced for overseas Vietnamese?
20% (Article 5).
What is the tax rate for transferring profits abroad?
5% of the transferred profit (Article 6).
What is the validity period for multiple-entry visas for overseas Vietnamese returning to prepare for investment?
Three months to one year (Article 9).
Can overseas Vietnamese be authorized to participate in the board of directors?
Yes, they can authorize individuals within the country or residing abroad to represent them (Article 7).
What incentives do overseas Vietnamese investing in Vietnam enjoy?
They enjoy income tax reduction, authorization to participate in the board of directors, and facilitation in entry (Articles 5-9).
전문
DECREE
OF THE GOVERNMENT NUMBER 29-CP DATED MAY 27, 1993 OF THE GOVERNMENT ON MEASURES TO ENCOURAGE VIETNAMESE RESIDENTS ABROAD TO INVEST IN VIETNAM.
THE GOVERNMENT
Pursuant to the Law on the Organization of the Government dated September 30, 1992;
Pursuant to the Law on Foreign Investment in Vietnam dated December 29, 1987; the Law Amending and Supplementing Certain Provisions of the Law on Foreign Investment in Vietnam dated June 30, 1990, and the Law Amending and Supplementing Certain Provisions of the Law on Foreign Investment in Vietnam dated December 23, 1992;
To encourage and create favorable conditions for Vietnamese residents abroad to invest in Vietnam, contributing to national construction;
At the proposal of the Minister, Chairman of the State Committee for Cooperation and Investment and the Head of the Central Overseas Vietnamese Affairs Board;
DECREE:
Article 1. - This Decree stipulates preferential provisions for Vietnamese residents abroad who invest in Vietnam, in addition to the general preferential provisions for foreign investors already prescribed in legal documents on foreign investment in Vietnam.
Article 2. - The term "Vietnamese residents abroad" referred to in this Decree includes all persons with Vietnamese nationality or Vietnamese nationals holding other nationalities (hereinafter referred to as overseas Vietnamese). Individual overseas Vietnamese and economic organizations established abroad with Vietnamese capital, when investing in Vietnam, shall enjoy the provisions of this Decree.
Article 3. - Overseas Vietnamese investing in Vietnam in fields and forms prescribed in the Law on Foreign Investment in Vietnam shall be protected in their ownership rights over invested capital and all lawful assets, the right to transfer and inherit capital assets, profits, to Vietnamese citizens, and their lawful rights and interests according to Vietnamese law.
Article 4. - Overseas Vietnamese residents have the right to jointly invest with Vietnamese enterprises as the Vietnamese Party to cooperate with foreign parties in investment.
Article 5. - Overseas Vietnamese investing in Vietnam shall be granted a reduction of 20% of the income tax they are required to pay as stipulated in Article 66, 67 of Decree No. 18-CP dated April 16, 1993 of the Government. In cases where the income tax rate of 10% has already been enjoyed, such preferential treatment shall not apply.
Article 6. - When transferring profits out of Vietnam, overseas Vietnamese residents investing in Vietnam shall pay a tax rate of 5% of the profit transferred.
Article 7. - Overseas Vietnamese residents investing in Vietnam may authorize Vietnamese individuals residing in Vietnam or overseas Vietnamese residents to represent them in the board of directors.
Article 8. - Enterprises with capital invested by overseas Vietnamese residents and joint business ventures between overseas Vietnamese residents based on contracts shall be allowed to buy and sell foreign currencies at the foreign exchange trading center of the State Bank to ensure reasonable foreign currency needs for enterprise production.
Article 9. - Overseas Vietnamese residents returning to Vietnam to prepare for investment shall be issued multiple-entry entry-exit visas valid for a period of three to six months and may be extended every six months.
Overseas Vietnamese residents entering Vietnam to implement investment or business licenses shall be issued multiple-entry entry-exit visas valid for a period of one year and may be extended further depending on specific circumstances.
Article 10. - Overseas Vietnamese are granted certain relaxed conditions compared to the current regulations of the Government when establishing representative offices in Vietnam for investment and business promotion purposes.
Article 11. - This Decree takes effect from the date of issuance. The Minister, Chairman of the State Committee on Cooperation and Investment, Head of the Central Committee of Overseas Vietnamese, and Ministers of Trade, Home Affairs, and Foreign Affairs shall provide detailed regulations and guidance for the implementation of this Decree.
Article 12. - Ministers, Heads of ministerial-level agencies, central government agencies, Chairmen of People's Committees of provinces and centrally governed cities are responsible for enforcing this Decree.
PRIME MINISTER
원본 문서(PDF)
관계도
문서를 클릭하면 열립니다. 빨간 테두리＝효력을 변경하는 관계.