Preferential investment business lines
15:08 - 15/10/2021
Preferential investment business lines
Question: Do enterprises manufacturing of IT products, software products, digital contents enjoy investment preference?
Answer:
According to clause 2 Article 15 Law on Investment 2020 regulates about the objects which enjoy investment preference:
Preferential investment business lines
Hi-tech enterprises, science and technology enterprises and science and technology organizations; projects involving transfer of technologies on the List of technologies the transfer of which is encouraged in accordance with regulations of the Law on Technology Transfer, science and technology enterprise incubators prescribed by the Law on High Technologies and Law on Science and Technology; enterprises manufacturing and providing technologies, equipment, products and services with a view to satisfaction of environment protection requirements prescribed by the Law on Environment Protection;
According to Article 16 Law on Investment 2020, supplied by point a Article 33 Law on Small and Medium Enterprises Supporting 2017, preferential business lines includes:
a) Hi-tech activities, hi-tech supporting industry products, research, manufacturing and development of products formed from science and technology results in accordance with regulations of law on science and technology;
b) Manufacturing of new materials, new energy, clean energy, renewable energy; manufacturing of products with an added value of 30% or more; energy-saving products;
c) Manufacturing of key electronics, mechanical products, agricultural machinery, automobiles, automobile parts; shipbuilding;
d) Manufacturing of products on the List of prioritized supporting industry products;
dd) Manufacturing of IT products, software products, digital contents;
Hence, if registering the main business line as software production, the enterprises enjoys investment preference according to provisions of laws.
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