Báo VietnamNet
A company that has invested in Danang Hi-Tech Park is from Japan. There is a photo available showing the company in action.
At this time, the ministry is asking for input from the Ministry of Justice regarding a preliminary proposal that focuses on including more investment benefits for the high-tech industry.
The purpose of this action is to boost the competitive and attractive nature of Vietnam's business setting, in light of the forthcoming global minimum effective corporate tax rate of 15% for big multi-national corporations.
The Ministry of Planning and Investment suggests trying out a program to back up investments for four types of advanced companies.
This group encompasses a corporation that has an investment capital surpassing VND12,000 billion or a yearly revenue of VND20,000 billion in the production of advanced technology products. Additionally, it includes a cutting-edge enterprise that is embarking on a project valued at over VND12,000 billion or earning an annual revenue of VND20,000 billion and above.
Additionally, this encompasses enterprises that utilize advanced technology in their initiatives and possess more than VND12,000 billion in capital or reap in annual earnings that exceed VND20,000 billion. It also incorporates corporations that invest in R&D centers with a capital of over VND30,000 billion.
The preliminary proposal also defines four sorts of help for investments, such as education help, enhancement of resources, money aid for investing in durable assets and communal structures, and backing for expenses connected with hi-tech items creation and exploration and development endeavors.
These suggestions are in line with the guidelines set out by the Organization for Economic Cooperation and Development (OECD) for creating investment incentives policies during the implementation of the worldwide minimum tax.
The ministry stated that although numerous countries in the vicinity have already implemented policies to support investments by businesses, Vietnam has yet to outline such policies in legal papers.
A proposal for backing up pilot investments in the high-technology sector will be presented for review to the National Assembly at the upcoming session taking place next month.
