THE PRIME MINISTER OF GOVERNMENT
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No. 21/2008/QD-TTg

Hanoi, February 04, 2008

 

 DECISION

AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF THE REGULATION ON OPERATION OF VAN PHONG ECONOMIC ZONE PROMULGATED TOGETHER WITH DECISION NO. 92/2006/QD-TTG DATED APRIL 25, 2006

THE PRIME MINISTER

Pursuant to the December 25, 2001 Law on Organization of the Government;

Pursuant to the Political Bureau’s Resolution No. 39-NQ/TW dated August 16, 2004;

Pursuant to the Prime Minister’s Decision No. 148/2004/QD-TTg dated August 13, 2004, on major orientations for socio-economic development of the key economic region of Central Vietnam to 2010 and a vision toward 2020;

Pursuant to the Regulation on operation of Van Phong Economic Zone promulgated together with the Prime Minister's Decision No. 92/2006/QD-TTg dated April 25, 2006;

At the proposal of the Minister of planning and Investment and the president of the People’s Committee of Khanh Hoa province,

DECIDES:

Article 1. - To amend and supplement a number of the Regulation on operation of Van Phong economic Zone (below referred to as Van Phong EZ for short) promulgated together with Decision No. 92/2006/QD-TTg dated April 25, 2006, as follows:

1. To amend and supplement Article 13 as follows:

- Clause 1 is amended into the following:

''Investors with investment projects in Van Phong EZ are entitled to preferential policies applicable to geographical areas with particularly difficult socio-economic conditions and policies applicable to economic zones as provided for by the investment law, tax law, land law and other relevant laws.''

- Clause 4 is amended and supplemented into the following:

''Besides incentives provided for in this Regulation, the following investment projects in Van Phong EZ are entitled to the enterprise tax rate of lo% throughout their implementation duration:

a/ Hi-tech projects which satisfy the requirements specified in Clause 2, Article 5 of the Regulation on Hi-Tech Parks promulgated together with the Government's Decree No. 99/2003/ND-CP dated August 28, 2003;

b/ Projects on the List of domains eligible for particular investment incentives and with great socio-economic impacts, which are submitted by the Ministry of Finance to the Prime Minister for decision in case greater encouragement is necessary.''

2. Article 15 is amended and supplemented as follows: