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Proposal to let the Government decide on extraordinary investment incentive and support packages

A draft amendment to the Investment Law, presented to the National Assembly by Finance Minister Ngô Văn Tuấn, would widen market access for foreign investors and add incentives to promote the green and digital economies. The draft adds 4 new forms of investment support: supply chain development, high-tech product manufacturing, fixed-asset investment, and business cooperation with universities, vocational schools and science and technology organisations, plus exemptions or reductions of sea-area use fees. Under the proposal, the Government could decide on extraordinary incentive packages tied to foreign-invested firms' commitments on technology, R&D, local value added, and green and digital transformation. The Economic and Financial Committee asked that the power to loosen market-access conditions be carefully weighed and that criteria for special incentives be set out in the law itself.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Đề xuất cho phép Chính phủ quyết định gói chính sách ưu đãi, hỗ trợ đầu tư vượt trội

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