What policies does the State have for export processing enterprises in high-tech zones according to Decree 10/2024/ND-CP?

How are policies for export processing enterprises in high-tech zones regulated by the Government?

Pursuant to Article 16 of Decree 10/2024/ND-CP stipulating policies for with export processing enterprises in high-tech zones as follows:

– In addition to incentives and investment support, export processing enterprises in high-tech zones specified in Clause 2, Article 32 of Decree 10/2024/ND-CP when meeting the conditions on customs inspection and supervision, regulations applicable to non-tariff zones prescribed in the law on import tax and export tax, are subject to the following regulations: Particularly for export processing enterprises operating in industrial parks and economic zones according to the provisions of law on industrial parks and economic zones.

+ In case an enterprise in a high-tech zone meets the conditions for customs inspection and supervision, regulations applicable to non-tariff zones, and provisions of law on import tax and export tax before the effective date of Decree 10/2024/ND-CP, the same regulations as for export processing enterprises operating in industrial zones and economic zones will be applied according to the provisions of law on industrial zones and economic zones from the date the enterprise meets the requirements. those conditions.

– Investment procedures for export processing enterprises in high-tech zones

+ Investment registration for investment projects to establish export processing enterprises is carried out in accordance with the provisions of law on investment and Decree 10/2024/ND-CP;

+ Investment project dossier includes regulatory documents for investment projects applying high technology to produce high-tech products and a commitment on the ability to meet customs inspection and supervision conditions applicable to non-tariff zones according to the provisions of law on export tax and import tax;

+ The investment objective of an export processing enterprise is stated in the Investment Policy Approval Decision/Investment Registration Certificate or document confirming the investment project meets the principles of high-tech operations specified in Decree 10/2024/ND-CP

How are preferential policies and investment support for investment projects in high-tech zones regulated by the Government?

Pursuant to Article 12 of Decree 10/2024/ND-CP stipulating preferential policies and investment support for investment projects in high-tech zones such as following:

– High-tech zones are investment incentive areas, eligible for investment incentives applicable to areas with particularly difficult socio-economic conditions according to the provisions of investment law.

– Specific incentives and supports for investment projects and activities in high-tech zones are applied according to the provisions of law on investment, corporate income tax, export tax, import tax, land, credit and relevant laws.

– High-tech park management board and competent agencies are responsible for implementing administrative procedures on investment, enterprises, land, construction, environment, labor, tax, customs and related procedures according to the single-window and interconnected one-stop mechanism according to the provisions of law; Support for labor recruitment and other related issues during the process of investors implementing operations in the high-tech park.

– Investment projects and activities in high-tech zones are given priority to participate in support programs on training and labor recruitment; Program to support research activities, high technology application, and technology transfer; program to support the development of high-tech industries and high-tech development in agriculture; Supporting innovative businesses and creative small and medium-sized businesses; loan support and other support programs of the Government, ministries, branches and localities.

– The People’s Council and Provincial People’s Committee promulgate policies and arrange investment support resources in accordance with the authority and provisions of law to attract investment projects and high-tech human resources to high-tech zones.

What is the Government’s incentive mechanism for investment in construction and business of technical infrastructure?

Pursuant to Article 13 Decree 10/2024/ND-CP clearly states the Government’s incentive mechanism for investment in construction and trading of technical infrastructure as follows:

– The State encourages organizations and individuals with sufficient experience and capacity to participate in investment in construction and business of high-tech park infrastructure, including investment in construction and business of the entire technical infrastructure system of high-tech parks or part of the technical infrastructure system of high-tech parks according to the provisions of Article 23 of Decree 10/2024/ND-CP

– Construction investment and infrastructure business projects enjoy incentives on land rent exemption, compensation, site clearance and refund according to regulations on land rent collection in high-tech zones.

– High-tech zone infrastructure construction and business investment projects are given priority to borrow State investment credit capital, implementing legal forms of capital mobilization according to the provisions of law on enterprises, law on credit and other relevant laws.

– The high-tech park management board and related agencies are responsible for prioritizing the resolution of administrative procedures related to infrastructure investors and investment projects in the area of ​​infrastructure investment and business projects to ensure convenience for attracting investment and other activities of high-tech park infrastructure construction and business investment projects.

– In addition to the incentives specified in Clause 2, Article 13 of Decree 10/2024/ND-CP, high-tech park infrastructure construction and business investment projects enjoy other incentives according to the provisions of law on investment, tax, land and relevant laws; Priority is given to participating in projects, programs, pilot projects for smart urban development and other support policies according to the provisions of law.

– The People’s Council and Provincial People’s Committee promulgate policies and arrange investment support resources to attract investment projects to build and operate high-tech park infrastructure.