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Investment Opportunities in Ho Chi Minh City Postimestari June 3, 2015 Tran Trung Son, Head of Economics Section, Dept. of Planning and Investment (DPI) of HCMc
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Contents I. Sectors calling for foreign investment II. Significant Policies III. Contacts Copyright © 2007-2015 Asia-Finland Law Consulting 2
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SECTORS CALLING FOR FOREIGN INVESTMENT Industry 1.Engineering 2.Chemical Industry 3.Refined food Industry 4.Electricity - Electronics - Information Technology Copyright © 2007-2015 Asia-Finland Law Consulting 3
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SECTORS CALLING FOR FOREIGN INVESTMENT Services 1.Posts and Telecoms, ICT 2.Finance, Banking 3.Insurance 4.Real estate 5.Trade 6.Tourism 7.Logistics 8.Health 9.Education Copyright © 2007-2015 Asia-Finland Law Consulting 4
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SECTORS CALLING FOR FOREIGN INVESTMENT Argriculture Biotechnology application; plant and animal breeding centers. Eco-forest conservation; Eco- agriculture development associated with tourism services; Sustainable development Urbanisation Urban transport (roads, bridges, freight transportation and public transportation—including metros, trams); Advanced telecommunications infrastructure; Industrial zones: calling investment projects with high levels of intelligence and high technology Copyright © 2007-2015 Asia-Finland Law Consulting 5
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SIGNIFICANT POLICIES Ho Chi Minh city is the most dynamic and developed city in Vietnam and one of the pioneers in improving investment environment. 1. Application procedure Faster: 15 days or 30 days from the day of receiving appropriate applications More efficient : online apply; monthly dialogue channel between authorities and entrepreneurs HCMc Committee has more authority to approve investment projects (from 01.07.2015) 2. Incentives Business Income Tax Exemption and Deduction: 4-9 years, 10-20% Import Tax Exemption and Deduction: apply to fixed assets and R&D activities Import and VAT Tax Exemption: apply to goods/products used for science research and technology development. Land Rent Exemption and Deduction : apply to the agriculture sector Copyright © 2007-2015 Asia-Finland Law Consulting 6
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SIGNIFICANT POLICIES 3. Supports Apply to assisting industry production Finance Advertisement Training Products supply networks Copyright © 2007-2015 Asia-Finland Law Consulting 7
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Contacts HCMc’s Department of Planning and Investment http://www.dpi.hochiminhcity.gov.vn Dialogue chanel: http://www.doithoaidn.hochiminhcity.gov.vn Asia-Finland Law Consulting http://www.asiafinland.com Copyright © 2007-2015 Asia-Finland Law Consulting 8
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Thank you! LL.B Thuy Nguyen nguyen@asiafinland.com +35 40 68199878 www.asiafinland.com 9 Copyright © 2007-2015 Asia-Finland Law Consulting
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