Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
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Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- Viet Nam - New Criteria for Hi-tech Enterprises
Viet Nam
New Criteria for Hi-tech Enterprises
30 Apr 2021On 30 April 2021, the Decision No. 10/2021/QD-TTg, which details criteria for identifying hi-tech businesses, will take effect. The decision lists certain conditions that are applicable for businesses to be considered as hi-tech enterprises. While businesses need to satisfy conditions as stated in the Law on High Technology as well as the Law on Investment, in addition to this, Decision 10 lists specific conditions needed to qualify as a high-tech business. Conditions to be qualified as hi-tech include:
- at least 70 percent of total annual net revenue derived from hi-tech products;
- at least 0.5 to 2 percent of total annual net revenue allocated to research and development (R&D) activities, or at least 0.5 percent for enterprises with total capital over VND 6 trillion (US$260.87 million) and more than 3000 employees;
- Businesses with total capital of VND 100 billion (US$4.35 million) and more than 200 employees must allocate at least 1 percent to R&D activities; and
- All other businesses should spend at least 2 percent.
High-tech businesses are also required to hire employees that are educated at the college level or higher depending on the total number of employees. This ranges from 1 to 5 percent depending on the total investment and number of employees. However, employees with college-level degrees cannot exceed 30 percent of the total workforce for high-tech businesses. In Vietnam, businesses carrying out activities defined as hi-tech are eligible for tax incentives.
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Type:
- Promotion and facilitation (Investment incentives)
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Industry:
- Manufacturing (Manufacture of computer, electronic and optical products, and electrical equipment)
- Services (Telecommunications, Computer programming, consultancy and related activities, Scientific research and development)
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Sources:
- Thu Vien Phap Luat, Decision No. 10/2021/QD-TTg, https://thuvienphapluat.vn/van-ban/Doanh-nghiep/Decision-10-2021-QD-TTg-eligibility-of-hi-tech-enterprises-468089.aspx, 12 Apr 2021
- ASEAN Briefing, Vietnam Unveils New Criteria for Hi-tech Enterprises: Decision 10, https://www.aseanbriefing.com/news/vietnam-unveils-new-criteria-for-hi-tech-enterprises-decision-10/, 12 Apr 2021
-
UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
-
Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.