The special investment incentives cover corporate income tax, land rents and water surface rents.

A preferential tax rate of 9 percent for a period of 30 years shall be applicable to incomes earned by business entities which implement investment projects eligible for special investment incentives with an investment capital of at least VND30 trillion and disbursing at least VND10 trillion within three years from the date of issuance of investment registration certificate or approval for investment guidelines.

A preferential tax rate of 7 percent for a period of 33 years shall be applicable to incomes earned by investing in the following projects:

(i) Projects on establishment (including the expansion of such project) of innovation centers and research and development centers with a total investment capital of at least VND 3,000 billion and disbursing at least VND 1,000 billion within three years from the date of issuance of the investment registration certificate or the approval for investment guidelines; or the National Innovation Center established under the Prime Minister's decision;

(ii) Investment projects eligible for special investment incentives with an investment capital of at least VND30 trillion and disbursing at least VND10 trillion within three years from the date of issuance of investment registration certificate or approval for investment guidelines. These projects must meet one of the following four criteria: High-tech projects (level 1), Vietnamese businesses participate in the value chains (level 1); added value accounts from 30-40 percent of the market prices of final products; and meeting criteria on technology transfer (level 1).

A preferential tax rate of 5 percent for a period of 37 years shall be applicable to incomes earned from investing in the following projects:

(i) National Innovation Centers established under the Prime Minister’s decisions.

(ii) Investment projects eligible for special investment incentives with an investment capital of at least VND30 trillion and disbursing at least VND10 trillion within three years from the date of issuance of investment registration certificate or approval for investment guidelines. These projects must meet one of the following four criteria: High-tech projects (level 2), Vietnamese businesses participate in the value chains (level 2); added value accounts from more than 40 percent of the market prices of final products; and meeting criteria on technology transfer (level 2)./.