THE PRIME MINISTER OF GOVERNMENT
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 53/2001/QD-TTg
Hanoi, April 19, 2001
 
DECISION
ON POLICIES TOWARD BORDER GATE ECONOMIC ZONES
THE PRIME MINISTER
Pursuant to the Law on Organization of the Government of September 30, 1992;
At the proposal of the Ministry of Planning and Investment in Report No. 2933/BKH/QLKT of May 18, 2000, and the suggestions of the ministries and central-level branches and concerned provinces;
DECIDES:
Article 1.- Types of business in border gate economic zones.
1. The following types of business are allowed in the border gate economic zones: export-import, temporary import for re-export, transport of transit goods, bonded warehouse, duty-free shop, exhibition-fair, product show-room, establishments producing or processing imports and exports, representative branches of domestic and foreign companies, border gate markets, investment in infrastructure, service, tourism...
2. It is allowed to set up a tax suspension area in the border gate economic zone, but it must be located separately from other functional areas in the border gate economic zone.

>> See also:  Investment preferential policies.

Article 2.- Preferences.
1. Investment in building infrastructure in border gate economic zones
a/ On the basis of the actually collected annual revenues of the State budget in the border gate economic zone (excluding value added tax and special consumption tax on imports, revenues not involved in the local budget balance according to the assignment of responsibilities, such as: confiscation of smuggled goods, contributions by the population, school fees, hospital charges, foreign aid...), the State shall invest back to build the infrastructure of the border gate economic zones at the following rates:
- Reinvestment of 100% in the border gate economic zones with budget revenues of less than VND 50 billion/year.
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