Ca Mau

Investment sectors wich get  incentives and priority:

+ Investment in construction of Hon Khoai port, ship repair and new ship building factory, river port, investment infrastructure of Nam Can Economic zone, construction of new urban areas, markets, trade centers, intra-provincial transport system.
+ Investment in agricultural sector of high quality associated with promoting new rural construction; strengthening the application of advanced science and technology of aquatic breed production, expanding shrimp farming atea under new technologies, in-depth investment for logistics, fishery services.
+ Priorritized development of ancillary industries; woodworking exploitation, seafood processing toward increased value of goods.
+ Key investment in the field of education, sport and cultural centers, high-quality health care, ecotourism.

Investment incentive areas:

+ Regions facing socio-economic difficulties: Ca Mau City. 
+ Regions facing extreme socio-economic difficulties: Tran Van Thoi, Cai Nuoc, U Minh, Thoi Binh, Phu Tan, Dam Doi, Nam Can, Ngoc Hien and islands of the province.

Preferential policies on investment

I. EXEMPTION OF LAND RENTAL AND WATER SURFACE RENT

1. Exemption of rental during the lease term:

a) The investment projects which are entitled to investment incentives to be carried out in the areas facing extreme socio-economic difficulties.
b) The projects using land to build houses for the workers of the industrial zones which is approved by the competent authorities, requiring the owners to not include the land rents in the house rents.
c) The projects using land to build dorms for the students which is funded by the State budget, requiring the in¬charge units to not include the land rentals in the house rentals.
d) Land used for building public works of the public service providers; land used for building research establishments of the science and technology enterprises if these relevant conditions (if any) are satisfied such as: land used for building laboratories, technology incubators and business incubators, experimental establishments and experimental production establishments.

2. Exemption of rental during a limited term:

a) Exemption of land rental and water surface rent during the fundamental construction period:
The land rentals and water surface rentas shall be exempted during the fundamental construction period according to a project approved by the competent authorities for most 3 years from the effective date of the land lease contracts. If a land renter uses land for the agricultural production (planting perennials) according to a project approved by the competent authorities, the land rent exemption applies to each type of perennial during the fundamental construction period in accordance with the process for planting and caring perennials regulated by the Ministry of Agriculture and Rural development.
b) Exemption of land rent and water surface rent after the fundamental construction period:
- Three (3) years with regard to the projects on the List of domains entitled to investment incentives; new business establishments of the economic organizations which are moved due to the planning or environment pollution.
- Seven (7) years with regard to the investment projects on the regions facing socio-economic difficulties.
- Eleven (11) years with regard to the investment projects on the regions facing extreme socio¬economic difficulties; investment projects on the List of domains entitled to special investment incentives; projects on the List of domains entitles to investment incentives which are invested in the regions facing socio-economic difficulties.
- Fifteen ( 15) years with regard to the projects on the List of domains entitled to investment incentives which are invested in the regions facing extreme socio-economic difficulties; projects on the List of domains entitled to special investment incentives which are invested in the regions facing socio-economic difficulties.
The List of domains entitled to investment incentives and special investment incentives, the regions facing socio-economic difficulties, the regions facing extreme socio-economic difficulties are prescribed on the regulations of the law on investment.

II. CORPORATE INCOME TAX INCENTIVES

1. The incentive tax rate of 10% within 15 years shall be applied to:

a) Income of enterprises from performing new investment projects in the area with extremely difficult socio¬economic conditions specified in the Annex issued together with this Decree, economic zones, high technology zones including concentrated information technology ones which are established by decision of the Prime Minister.
b) Income of enterprises from performing new investment project in the fields: Scientific research and technological development; application of high technology in the list of hi-tech invested and developed with priority as prescribed by the high-tech Law; high- tech incubation, high-tech enterprise incubation, venture capital for high-tech development in the list of high-tech developed with priority as prescribed by high- tech law; construction investment and business of high- tech incubator, high-tech enterprise incubator; investment and development of water plants, power plants, water drainage and supply system, bridges, roadway, railway, airports, seaports, river ports, railway stations and extremely significant infrastructure that shall be decided by the Prime Minister, production of software products, production of composite materials, light building materials, rare materials, production of renewable energy, clean energy, energy from waste destruction and biotechnology development.
c) Income of enterprises from performing new investment projects in the field of environmental protection including: Production of equipment of environmental pollution treatment, environmental surveying and analysis equipment, environmental treatment and protection, collection and treatment of wastewater, waste gas, solid waste, recycling and re-use of waste.
d) High-tech enterprises and agricultural enterprises applying high-tech.
đ)The income of enterprises from performing new investment projects in production (excluding projects making products subject to the excise tax and the mineral mining projects) should meet one of two criteria below:
- Project has scale of investment capital of at least 6 trillion dong disbursed no later than 3 years after the issue of investment license and has a minimum total revenue of at least 10 trillion/year after 3 years at the latest since year of revenue.
- Project has scale of investment capital of at least 6 trillion dong disbursed no later than 3 years after the issue of investment license and employs over 3,000 employees after 3 years at the latest since year of revenue.

2. The incentive tax rate of 10% for the whole operating time shall be applied to:

a) The income of enterprises from performing the socialization in the field of education - training, vocation, health, culture, sports and environment. 
b) Income from publication activities of Publishers under the provisions of Publishing Law.
c)  Income from printed newspapers activities (including advertising on printed newspapers) of press agency under the provisions of the Press Law. 
d) Income of enterprises from implementing investment projects - social housing business for sale, for rent, for lease purchase for the subjects specified in Article 53 of the Housing Law. 
Social housing specified in this Clause is the houses that are built by the State, organizations and individuals of economic sectors and meet the criteria for housing, housing sale price, rental, price of lease purchase, subjects and conditions for purchase, lease, lease purchase of social housing under the regulations of law on housing and determination of income subject to the tax rate of 10% specified in this Clause regardless of the time to sign contracts for sale, lease or lease purchase of social housing.
e) Income of enterprises from: Planting, care and protection of forest, agriculture, forestry and fishery growing in difficult socio-economic areas, production, multiplication and breeding of plant variety and animals, salt production, mining and refining excluding salt production specified in Clause 1, Article 4 of Decree No. 218/ND-CP dated December 26, 2013, investment in preservation of agricultural products after harvest, preservation of agricultural and aquatic products and food.
f)  Income of cooperatives operating in the field of agriculture, forestry, fishery and salt industry not falling into the difficult or extremely difficult socio-economic areas, except for income of cooperatives specified in Clause 1, Article 4 of Decree No. 218/ND-CP dated December 26,2013 of the Government.

3. The incentive tax rate of 17% within 10 years shall be applied to: 

a) Income of enterprises from performing new investment projects in the areas with difficult socio¬economic conditions.
b) Income of enterprises from performing new investment project: production of high-quality steel, energy saving products, machinery and equipment for agriculture, forestry, fishery and salt industry, production of irrigation and drainage equipment; production, refining of cattle, poultry and aquatic animal feed; development of traditional industries.

4. Time to apply incentive tax rate

Time to apply the incentive tax rates is calculated continuously from the first year that an enterprise has gained revenue from new investment projects; for high- tech enterprises or agricultural enterprise applying high-tech, the time is calculated from the day recognized as high-tech enterprise or agricultural enterprise applying high-tech, for the high-tech projects, the time is calculated from the day issued with certificate of high-tech application project.

III. TAX EXEMPTION AND REDUCTION

1. Tax exemption for 4 years, reduction of 50% of tax payable for the next 9 years for:

a) Income of enterprises from performing new investment projects in the area with extremely difficult socio-economic conditions, economic zones, high technology zones.
b) Income of enterprises from performing new investment projects in the field of socialization in areas with difficult or extremely difficult socio-economic conditions.

2. Tax exemption for 4 years, reduction of 50% of tax payable for the next 5 years for:

Income of the enterprises from performing new investment projects in the field of socialization in the area not in the list of areas with difficult or extremely difficult socio-economic conditions.

3. Tax exemption for 2 years, reduction of 50% of tax payable for the next 4 years for:

- Income from performing new investment projects in the areas with difficult socio-economic conditions.
- Income of enterprises from performing new investment project in industrial zones.
- Income from performing new investment projects: production of high-quality steel, energy saving products, machinery and equipment for agriculture, forestry, fishery and salt industry; production of irrigation and drainage equipment; production, refining of cattle, poultry and aquatic animal feed; development of traditional industries,

4. Time for tax exemption or reduction:

To be calculated continuously from the first year of assessable income from the new investment projects entitled to tax incentive. Where there is no assessable income in the first three years, from the first year of assessable income earned from new investment projects, time for tax exemption or reduction is calculated from the fourth year. The time for tax exemption or reduction applied to high-tech enterprises or agricultural enterprises applying high- tech is calculated from the time of being recognized as high-tech enterprises or agricultural enterprises applying high- tech.

IV. EXEMPTION AND REDUCTION OF IMPORT AND EXPORT TAXES

Tax exemption is applied to goods, equipment and machinery to be used for manufacturing fixed assets, materials, raw materials and supplies which cannot be domestically produced yet; machinery included in technological lines or for manufacturing components, details, knocked down parts, spare parts, fittings, molds and accessories accompanying equipment and machinery stated by the Government for assembly into complete units (Article 12, Decree No. 87/2010/ND-CP).
In addition, other preferences maybe available to the projects on case by case basis in accordance with regulations.