• Spinning, Textile, Garment
• Mechanical and electrical assembly
• Production of building materials
• Agricultural products processing
• Consumer goods production, office equipments production

Incentive Policies:

INCENTIVE  OF GOVERNMENT /PROVINCE	OBJECT OF RECEIVING INCENTIVE	TYPE OF INCENTIVE	BUSINESS FIELD		LAW
			1. Garment 2. Field of weaving material, completion of weaving products; silk, yarn production	1. High-tech domains[1] 2. scientific research and technological development 3. Manufacture of software products
Incentive of Vietnamese Government	Minor Investor [2]	Incentive of Land	Investor is issued Land use right Certificate of land leased from Bao Minh industrial Park.		- Land Law no.13/2003/QH11 dated 10/12/2003. - Investment Law no. 59/2005/QH11 dated 29/11/2005.
Incentive of Vietnamese Government	Minor Investor	Incentive of Enterprise Income Tax	1. Investor does not have incentives of Enterprise Income Tax. 2. Tax rate of Enterprise Income tax is 25%.	1. The incentive tax rate of 10% for 15 years; 2.Tax exemption for 4 years and 50% reduction of payable tax amounts for 9 subsequent years;	-Enterprise Income Tax Law no. 14/2008/QH12 dated 03/06/2008.   -Decree 124/2008/NĐ-CP detailing and guiding to implement some articles of Enterprise Income Tax Law no. 14/2008/QH12 dated 03/06/2008.
Incentive of Vietnamese Government	Minor Investor	Incentive of Export Law, Import Law	Investor shall be exempt from import tax when investor imports goods to create fixed assets of projects entitled to investment encouragement. Goods are exempt from import tax, inculde: a/ Equipment and machinery; b/ Special-use means of transport included in technological lines; worker-transporting vehicles; c/ Components, details, knocked down parts, spare parts, fittings, molds and accessories accompanying machinery, equipment and special-use means of transport defined at Points a and b of this Clause; d/ Raw materials and supplies used for manufacture of equipment and machinery included in technological lines or for manufacture of components, details, knocked down parts, spare parts, fittings, molds and accessories accompanying equipment and machinery defined at Point a of this Clause ; đ) Building materials which cannot be produced in Vietnam.		- Import - Export Law no. 45/2005/QH11 dated 14/06/2005.   - Decree 149/2005/NĐ-CP guiding to implement Import - Export Law no. 45/2005/QH11 dated 14/06/2005.
Incentive of Nam Dinh Province	Minor Investor	Incentive of Enterprise Income Tax		Minor Investors who lease land at Bao Minh Industrial Park and receive incentives of  enterprise income tax as rules of  Vietnam Law; will continue to be supported from  budget of Nam Dinh Province with 100% of enterprise income tax in 5 year after ending period of receiving tax incentives.	Decision 08/2008/QĐ-UBND of Nam Dinh Province People's Committee dated 22/05/2010.
Incentive of Nam Dinh Province	Minor Investor	Incentive of advertisement, promotion, trade	1. Investor who leases land at Bao Minh Industrial Park will be created advantage conditions by Province People's Committee, Industrial Parks Authority and related fields to advertise, promote investment, manufacture, business in area of Nam Dinh Province. 2. Investor who leases land at Bao Minh Industrial Park will be reduced 50% fee of advertisement on Nam Dinh newspapers and Broadcast - Television Station of Nam Dinh Province during 2 years, but not over 50 times of each communication facilities from the first advertisement. Area of advertisement on newspaper is not over a quarter of paper area, time for one time advertisement on Broadcast - Television Station is not over 2 minutes.		Decision 08/2008/QĐ-UBND of Nam Dinh Province People's Committee dated 22/05/2010.
Incentive of Nam Dinh Province	Minor Investor	Incentive of labor	1. Investor who leases land at Bao Minh Industrial Park will create advantage condition to sign contract of training skilled workers with training Unit in the Province, have priority to recruit labor trained in the local. 2. In case, investor appoints labor to be trained or to hold career training to workers who are resident in Nam Dinh province to work in the enterprise, will be supported one time by budget of Province with level of 1,000,000dong per labor who has career qualification issued by training unit, signs contract with training unit, has 2 year or more contract, is paid social insurance, health insurance as the legal rules.		Decision 08/2008/QĐ-UBND of Nam Dinh Province People's Committee dated 22/05/2010.

 

 




---

[1] High-tech domains

a/Information, communication, informatic software technologies.

b/ Bio-technologies in service of agriculture, aquaculture and healthcare;

c/ Micro-electronic, precision mechanical engineering, electro-mechanical, electro-optical and automation technologies;

d/ New materials technologies and nano technologies;

e/ Environmental technologies, new energy technologies.

f/ A number of other special technologies.

[2] Minor Investor: Investors lease land to implement projects of manufacture, business at the Bao Minh Industrial Park (include foreign and indigenous investor)