G/SCM/N/343/VNM  
 
27 February 2020  
(20-1540) Page: 1/15 
Committee on Subsidies and Countervailing Measures  Original: English  
 
SUBSIDIES  
NEW AND FULL NOTIFIC ATION PURSUANT TO AR TICLE XVI:1 OF THE  
GATT 1994 AND ARTICL E 25 OF THE AGREEMEN T ON  
SUBSIDIES AND COUNTE RVAILING MEASURES  
VIET NAM 
The following communication, dated 26 February 2020, is being circulated at the request of the 
delegation of Viet Nam.  
 
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1  SUPPORT PROGRAM FOR ENTERPRISES USING LA BOR WITH DISABILITIE S 
1. Program title  
Provide supports to  production bases  and trading enterprises in which either 30% or above of total 
emplo yees are persons with disabilities, or 10 regular employees or above are disabled  workers . 
2. Program objective  
To encourage recruitment of people with disabilities in enterprises and organizations.  
3. Legal rationale and responsible bodies for the program  
a. Legal Background  
− 2010 Law on Persons with Disabilities (Law No. 51/2010/QH12);  
− Government 's Decree  No. 28/2012/ND -CP dated 10 April 2012 detailing and guiding a 
number of articles of the Law on Persons with Disabilities;  
− Degree No. 763/VBHN -BLDTBXH dated o f 28 February 2019 of the Ministry of Labor – 
Invalids and Social Affairs detailing and guiding a number of articles of the Law on Persons 
with Disabilities;  
− 2013 Law on Employment and Government 's Decree  No. 61/2015/ND -CP dated 
9 July 2015 on job creation policies and National Employment Fund (the legal document 
guiding the implementation of the 2013 Law on Employment);  
− 2012 Labor Code;  
− Circular No. 23/TC/TCT dated of 26 April 1996 of the Ministry of Finance guiding tax 
exemption procedures specifi cally for disabled staff in production and trading enterprises;  
− Government 's Decree  No. 218/2013/ND -CP dated 26 December  2013 detailing and guiding 
the implementation of the Law on Corporate Income Tax;  G/SCM/N/343/VNM  
 
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  − Circular No. 78/2014/TT -BTC dated 18 June 2014 of the  Ministry of Finance on guiding the 
implementation of Government 's Decree  No. 218/2013/ND -CP dated 26  December  2013 
on guiding the implementation of the Law on Corporate Income Tax.  
b. Authority  
− Ministry of Labor – Invalids and Social Affairs (MOLISA);  
− Minist ry of Finance (MOF);  
− Vietnam Bank of Social Policies (VBSP);  
− People 's Committees of provinces and cities under central authority.  
4. Form of Subsid ies 
Financial supports for improvement in working conditions for people with disabilities;  
Exemption from corpor ate income tax;  
Concessional loans;  
Priority given with regard to leases of land, ground, and water surface.  
5. Beneficiaries and ways of receiving subsidies  
a. To Whom the Subsidy is Provided  
− Production bases and trading enterprises where 30% or above of total employees are 
persons with disabilities;  
− Production bases and trading enterprises where 10 regular employees or above are 
persons with disabilities.  
b. How the Subsidy is Provided  
For enterprises in which 30% or above of total staff are with disabilities:  
− Financial supports for improvement in working conditions for persons with disabilities: the 
cost norm of supports are based on the proportion of persons with disabilities as regular 
staff in production and trading enterprises, the level of im pairment of the staff, and the 
size of the enterprises, in accordance with Point a of Clause 1 of Article 9 of Decree  
No. 763/VBHN -BLDTBXH dated 28 February 2019 of MOLISA detailing and guiding the 
implementation of a number of articles of the Law on Perso ns with Disabilities.  
− Chair persons of the People 's Committees of provinces and cities under central authority 
shall December ide the cost norm of supporting the improvement in working conditions of 
production and trading enterprises in which the proportion  of disabled employees accounts 
for 30% or above of total employees.  
− Exemption from corporate income tax: as stipulated in Circular No. 23/TC/TCT dated of 
26 April 1996 of the Ministry of Finance on guiding the tax exemption procedures 
specifically for pro duction bases and trading enterprises using disabled workers.  
− Concessional loans: the amount, terms, conditions, and the interest rates of the loans are 
specified in Point c of Clause 1 of Article 9 of Decree  No. 763/VBHN -BLDTBXH dated 
28 February  2019 of MOLISA detailing and guiding the implementation of a number of 
articles of the Law on Persons with Disabilities, which apply for loans for job creation and 
disbursed from VBSP.  
− Priority given for leases of land, ground, and water surface: in accord ance with Points d 
and đ of Clause 1 of Article 9 of Decree  No. 763/VBHN -BLDTBXH dated 28  February  2019 G/SCM/N/343/VNM  
 
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  of MOLISA detailing and guiding the implementation of a number of articles of the Law on 
Persons with Disabilities as follows:  
• Priority granted with reg ard to rents of land, ground, and water surface as promulgated 
by laws;  
• Exemption from rents of land, ground, and water surface used for production and 
trading purposes applied for enterprises in which 70% or above of total employees are 
disabled workers;  
• A 50% reduction on rents of land, ground, and water surface used for production and 
trading purposes applied for enterprises in which from 30% to below 70% of total 
employees are disabled workers.  
During the time of exemption from and reduction of rents of  land, ground, and water surface, 
enterprises, according to legal provisions on land, must not do any of the following: convert, transfer, 
donate, grant, or lease use rights of land, ground, and water surface; mortgage, pledge, guarantee, 
and contribute ca pital to a joint venture or an associate through the rights of using land, ground, 
and water surface.  
For enterprises in which 10 regular employees or above are disabled workers:  
− Financial supports for improvement in working conditions for people with disa bilities: the 
support value of support are based on the ratio of persons with disabilities working as 
regular staff in production and trading enterprises, levels of impairment of the staff, and 
the size of these enterprises, as stipulated in Point a of Cla use 1 of Article 9 of the Decree  
No. 763/VBHN -BLDTBXH dated 2 8 February 2019 of MOLISA detailing and guiding the 
implementation of a number of articles of the Law on Persons with Disabilities.  
− Concessional loans: the amount, terms, conditions, and the inte rest rates of the loans are 
specified in Point c of Clause 1 of Article 9 of the Decree  No. 763/VBHN -BLDTBXH dated 
28 February  2019 of MOLISA detailing and guiding the implementation of a number of 
articles of the Law on Persons with Disabilities, which ap ply for loans for job creation and 
disbursed from VBSP.  
6. Subsidy value per Unit  
Statistical data not available.  
7. Duration of the Subsidy  
Since 2012 until 2019.  
8. Subsidy impacts on trade  
Not assessable.  
2  SUPPORT PROGRAM FOR ENTERPRISES USING HI GH NUMBER OF FEMA LE EMPLOYEES  
1. Program title  
Provide supports to employers using high number of female employees.  
2. Program objective  
To encourage the investments in construction of kindergartens, health facilities, cultural 
establishments, and other welfare works for employees;  
To encourage employers to use high number of female employees.  G/SCM/N/343/VNM  
 
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  3. Legal rationale and responsible bodies for the program  
a. Legal rationale  
− 2012 Labor Code;  
− The Government 's Decree  No. 85/2015/ND -CP dated 1 Oct 2015 detailing a number of 
articles of the Labor Code on policies applied for female employees.  
− The Circular No. 78/2014/TT -BTC dated 18 June 2014 of the Ministry of Finance guiding 
the implementation of the Law on Corporate Income Tax.  
b. Responsible bo dies 
− Ministry of Labor – Invalids and Social Affairs (MOLISA);  
− Ministry of Finance (MOF);  
− Ministry of Construction (MOC);  
− People 's Committees of provinces and cities under central authority.  
4. Form of subsidies  
Policies encouraging socialization in accordanc e with existing provisions of the State, which apply 
for activities in the fields of education and vocational training, health care, culture, sports, and 
environment;  
Preferential  policies in accordance with the Law on Housing applied for activities relati ng to 
investment in housing and construction for employees;  
Reduction of corporate income tax;  
Deduction of additional expenses for female employees when determining corporate taxable income.  
5. Beneficiaries and ways of receiving subsidies  
a. Beneficiaries  
Employers that satisfy the conditions stipulated in Decree  No. 85/2015/ND -CP and Circular 
No. 78/2014/TT -BTC. 
b. Ways of receiving subsidies  
For employers investing in construction of kindergartens, health facilities, cultural establishments, 
and other welfare wo rks:  
− if they meet the Prime Minister 's requirements on scope and criteria, they shall be entitled 
to policies on promoting socialization in accordance with existing provisions applied for 
activities in the fields of education and vocational training, health care, culture, sports, 
and environment  (Article 11 of the Government 's Decree  No. 85/2015/ND -CP detailing 
and guiding a number of articles of the Labor Code with regard to policies applied for 
female employees).  
For employers using a high number of female employees:  
− Entitled to reduction of corporate income tax in accordance with the laws on corporate 
income tax;  G/SCM/N/343/VNM  
 
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  − Entitled to deduction of additional expenses for female employees when determining 
corporate taxable income, as stipulated in Art icle 6 of Circular No. 78/2014/TT -BTC dated 
18 June 2014 of the Ministry of Finance guiding the implementation of the Law on 
Corporate Income Tax.  
In addition, enterprises must fulfil other relevant requirements and conditions so as to be granted 
preferenc es in corporate income tax, as specified in Article 20 (Clause 5) and Article 22 of the Circular 
No. 78/2014/TT -BTC dated 18  June 2014 of the Ministry of Finance guiding the implementation of 
the Law on Corporate Income Tax.  
6. Subsidy value per unit  
Statistical data not available.  
7. Duration of subsidy  
Since 2014 until present.  
8. Subsidy impacts on trade  
Not assessable.  
3  PREFERENTIAL POLICIE S ON CORPORATE INCOM E TAX  
1. Program title  
Preferences in corporate income tax given to enterprises investing in prefere ntial sectors or 
preferential locations.  
2. Program objective  
To encourage enterprises to invest in locations of difficult economic growth, or sectors for which 
development investments are essential.  
3. Legal rationale and responsible bodies for the program  
a. Legal rationale  
− Law on Corporate Income Tax No. 14/2008/QH12;  
− Law No. 32/2013/QH13 on Amendment to and Supplement of a number of articles of the 
Law on Corporate Income Tax;  
− Law No. 71/2015/QH13 on Amendment to and Supplement of a number of articles of 
taxatio n laws;  
− Decree  No. 218/2013/ND -CP detailing and gu iding the implementation of the Law on 
Corporate Income Tax and the Law on Amendment to and Supplement of a number of 
articles of the Law on Corporate Income Tax;  
− Circular No. 78/2014/TT -BTC guiding the imp lementation of a number of articles of Decree  
No. 218/2013/N D-CP; 
− Decree  No. 118/2015/ND -CP detailing and guiding the implementation of a number of 
articles of Investment Law;  
− Circular No. 96/2015/TT -BTC guiding on corporate income tax of the Government 's Decree  
No. 12/2015/ND -CP dated 1 2 Feb 2015 on guidelines for the Law on Amendments to 
taxation laws, Amendments to the Decree s on taxation, and Amendments to a number of 
articles of Circular No. 78/2014/ TT-BTC dated 1 8 June 2014;  G/SCM/N/343/VNM  
 
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  − Circular No. 119/2014/TT -BTC dated 2 5 August 2014;  
− Circular No. 151/2014/TT -BTC dated 1 0 October 2014 of the Ministry of Finance.  
b. Responsible bodies  
− Government;  
− Ministry of Finance (MOF).  
4. Form of subsidies  
Preferences in income t ax given to enterprises investing in locations of difficult economic growth, or 
in sectors for which development investments are essential.  
5. Beneficiaries and ways of receiving subsidies  
a. Beneficiaries  
− Enterprises established in accordance with Vietnamese le gal provisions;  
− Enterprises established in accordance with foreign legal provisions, and either with or 
without a resident base in Viet Nam;  
− Organizations established in accordance with the Law on Cooperatives;  
− Specialised bodies established in accordance with Vietnamese legislation;  
− Other entities which carry out production and trading activities generating income.  
b. Ways of receiving subsidies  
Exemption from and reduction of corporate income tax which corresponds to the preferential sectors 
and geographical locations are specified in Articles 15 and 16 of Decree  No. 218/2013/ND -CP guiding 
the implementation of the Law on Corporate Income Tax dat ed 3 June 2008, and in the Law 
No. 32/2013/QH13 amending and supplementing a number of articles of the Law on Corporate 
Income Tax dated 1 9 June 2013.  
Preferential duties are specified from Clause 9 to Clause 16 of Article 1 of Decree  
No. 12/2015/ND -CP. 
Tax exemption and reduction policies, as well as requirements to be granted preferential rights, 
apply to enterprises that invest in preferential sectors and geographical areas, adopt a bookkeeping 
system with valid receipts and invoices, and pay taxes by en umeration. The income subject to 
preferential tax must be entered separately in their accounts.  
6. Subsidy value per unit  
Statistical data not available.  
7. Duration of subsidy  
2017-2019.  
8. Subsidy impacts on trade  
Not assessable.  G/SCM/N/343/VNM  
 
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  4  PREFERENTIAL POLICIE S ON IMPORT TAX  
1. Program title  
Preferential import tax given to enterprises investing in preferential sectors or preferential 
geographical areas.  
2. Program objective  
To encourage enterprises to invest in geographical areas of difficult economic growth, or sectors for 
which development investments are essential.  
3. Legal rationale and responsible bodies for the program  
a. Legal rationale  
− Law on Export and Import Tax No. 107/2016/QH13 (in effect from 1 September  2016);  
− The Decree  No. 134/2016/ND -CP detailing a number of ar ticles and guiding the 
implementation of the Law on Export and Import Tax (in effect from 1 September  2016).  
b. Responsible bodies  
Ministry of Finance . 
4. Form of subsidies  
Preferential import tax applied for goods of preferential entities, and goods produced in  preferential 
sectors or locations.  
5. Beneficiaries and ways of receiving subsidies  
a. Beneficiaries  
− Enterprises established in accordance with Vietnamese legislation;  
− Enterprises established in accordance with foreign legislation, and either with or without a 
resident base in Viet Nam;  
− Organizations established in accordance with the Law on Cooperatives;  
− Specialised bodies established in accordance with Vietnamese legislation;  
− Other entities which carry out production and trading activities generating income.  
b. Ways of receiving subsidies  
Preferences in import tax by sectors and geographical areas are specified in Chapter II (from Article  5 
to Article 37) of Government 's Decree  No. 134/2016/ND -CP dated 1 September  2016 guiding the 
Law on Export and Import Tax.  
6. Subsidy value per unit  
Statistical data not available.  
7. Duration of subsidy  
2017-2019.  G/SCM/N/343/VNM  
 
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  8. Subsidy impacts on trade  
Not assessable.  
5  PREFERENCES IN LEASE S OF LAND AND WATER SURFACE  
1. Program title  
Preference in leases of land and water surface used for business purposes in accordance with the 
2013 Land Law.  
2. Program objective  
To encourage enterprises to invest in sectors and geographical areas in which investments are 
promoted under investment laws . 
3. Legal rationale and responsible bodies for the program  
a. Legal rationale  
− 2013 Land Law (in effect from 1 July 2014);  
− Decree  No. 46/2014/ND -CP dated 1 5 May 2014 regulating the collection of land rents and 
water surface rents;  
− Decree  No. 135/2016/ND -CP dated  9 September  2016 amending and supplementing a 
number of articles of Decree s regulating the collection of land rents, land use rents, and 
water surface rents;  
− Decree  No. 123/2017/ND -CP dated 1 4 November  2017 amending and supplementing a 
number of articles of Decree s regulating the collection of land rents, land use rents, and 
water surface rents;  
− Circular No. 77/2014/TT -BTC dated 1 6 June 2014 gu iding the implementation of Decree  
No. 46/2014/ND -CP; 
− Circular No. 333/TT -BTC dated 2 6 December  2016 amending and supplementing a number 
of articles of Circular No. 77/2014/TT -BTC; 
− Circular No. 11/2018/TT - BTC dated 3 0 Jan 2018 amending and supplementing a number 
of articles of Circular No. 77/2014/TT -BTC. 
b. Responsible bodies  
− Government  
− Ministry of Finance  
4. Form of subsidies  
Exemption from and/or reduction of land rents and water surface rents.  
5. Beneficiaries and ways of receiving subsidies  
a. Beneficiaries  
All entities that are entitled to lease land, water surface, and water surface using land, to invest in 
preferentia l sectors and geographical areas under investment laws.  G/SCM/N/343/VNM  
 
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  b. Ways of receiving subsidies  
Through land rents; or reduction of and exemption from land rents.  
6. Subsidy value per unit  
Statistical data not available.  
7. Duration of subsidy  
2017-2019.  
8. Subsidy impacts on trade 
Not assessable.  
6  SUPPORT AND PREFEREN TIAL POLICIES FOR DE VELOPMENT OF SUPPORT ING 
INDUSTRIES  
1. Program title  
Development of Supporting Industries . 
2. Program objective  
To support individuals and organizations to improve their capacity through activities to develop 
supporting industries.  
3. Legal rationale and responsible bodies for the program  
a. Legal rationale  
− Law on the Organization of the Government No. 32/2001/QH10 dated 2 5 December  2001 
of the National Assembly;  
− Investment Law No. 67/2014/QH13 dated 2 6 November  2014 of the National Assembly;  
− Law on High Technology No. 21/2008/QH12 dated 1 3 November  2008 of the National 
Assembly;  
− Law on Export and Import Tax No. 45/2005/QH11 dated 1 4 June 2005 of the National 
Assembly;  
− Law on Corporate Income Tax No. 14/2 008/QH12 dated 3 June 2008; Law on Amendment 
to the Law on Corporate Income Tax No. 32/2013/QH13 dated 1 9 June 2013 of the 
National Assembly;  
− Law on Value Added Tax No. 13/2008/QH12 dated 3 June 2008; Law on Amendment to 
the Law on Value Added Tax No. 31/2 013/QH13 dated 1 9 June 2013 of the National 
Assembly;  
− Law on Tax Management No. 78/2006/QH11 dated 2 9 November  2006; Law on 
Amendment to the Law on Tax Management No. 21/2012/QH13 dated 2 0 November  2012 
of the National Assembly;  
− Law on Amendment to and Sup plement of a number of articles of tax laws No. 
71/2014/QH13 dated 2 6 November  2014 of the National Assembly;  
− Land Law No. 45/2013/QH13 dated 2 9 November  203 of the National Assembly;  G/SCM/N/343/VNM  
 
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  − State Budget Law No. 01/2002/QH11 dated 1 6 December  2002 of the National Assembly;  
− Prime Minister 's Decision  No. 68/QD -TTg dated 1 8 January 2017 on Approval of 
Development Program for Supporting Industries (from 2016 to 2025);  
− Government 's Decree  No. 111/2015/ND -CP dated 3 November  2015 on development of 
supporting industries;  
− Circular No. 55/2015/TT -BCT dated 3 0 December  2015 of the Ministry of Industry and 
Trade on Guiding the orders and procedures to certify preferences and post -preferential 
examination for projects of supporting industry products of dev elopment priorities.  
b. Responsible bodies  
− Ministry of Industry and Trade (MOIT);  
− Ministry of Finance (MOF);  
− State Bank of Viet Nam;  
− Ministry of Planning & Investment (MPI);  
− Ministry of Natural Resources and Environment (MONRE);  
− Ministry of Labor – Invalids and Social Affairs (MOLISA);  
− Ministries, ministerial -level agencies, and government bodies shall, within the scope of 
their respective tasks and powers, coordinate with the Ministry of Industry and Trade to 
perform state management functions on development  of supporting industries in 
accordance with laws.  
4. Form of subsidies  
Preference in corporate income tax;  
Preference in import duties;  
Preference in crediting;  
Preference in VAT;  
Preference in environmental protection;  
Preference for SMEs, including:  
− In crediting;  
− In land rents and water surface rents.  
Preference in investment by location.  
5. Beneficiaries  
Individuals and organizations that carry out activities for development of supporting industries in 
Viet Nam.  
6. Subsidy value per unit  
Statistical data not available.  
7. Duration of subsidies  
From 1 January 2016 until present.  G/SCM/N/343/VNM  
 
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  8. Subsidy impacts on trade  
Not assessable.  
7  MECHANISM OF PROMOTI NG DEVELOPMENT OF SO LAR POWER PROJECTS I N VIET NAM  
1. Program title  
Mechanism of promoting the development of  solar power projects in Viet Nam.  
2. Program objective  
Promote the development of renewable energy in general and solar power in particular.  
3. Legal rationale and responsible bodies for the program  
a. Legal rationale  
− Law on the Organization of the Government dated 1 9 June 2015;  
− Electricity Law dated 3 December  2004; Law on Amendments to the Electricity Law dated 
20 November  2012;  
− Investment Law dated 2 6 November  2014; Law on Amendments to the Investment Law 
dated 2 2 November  2016;  
− Construction Law d ated 1 8 June 2014;  
− Prime Minister 's Decision  No. 11/2017/QD -TTg dated 1 1 April 2017 on mechanisms of 
promoting development of solar power projects in Viet Nam.  
b. Responsible bodies  
Ministry of Industry and Trade  
4. Form of subsidies  
Preference in corporate inco me tax;  
Exemption from import tax for equipment and facilities that have yet to be locally produced.  
Preference in leases of land.  
Electricity generated from solar power projects are sold at a higher price than the average retail 
price.  
5. Beneficiaries and w ays of receiving subsidies  
a. Beneficiaries  
Individuals and organizations participating in the investment and development of solar power 
projects in Viet Nam.  
b. Ways of receiving subsidies  
For projects connected with the national grid system: enterprises are entitled to purchase all 
electricity generated from grid -connected projects at the price of 9.35 UScents/kWh at the delivery 
point.  
The same policy is applied for projects located on roof tops. G/SCM/N/343/VNM  
 
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  6. Subsidy value per unit  
Statistical data not available.  
7. Duration of subsidies  
From 1 June 2017 to 3 0 June 2019.  
8. Subsidy impacts on trade  
Not assessable.  
8  MECHANISM OF PROMOTI NG DEVELOPMENT OF WI ND POWER PROJECTS IN  VIET NAM  
1. Program title  
Mechanism of promoting development of wind power projects in Viet Nam.  
2. Program objective  
Promote the development of renewable energy in general and wind power in particular.  
3. Legal rationale and responsible bodies for the program  
a. Legal rationale  
− Law on Orga nization of the Government, dated 2 5 December  2001;  
− Electricity Law dated 3 December  2004;  
− Investment Law dated 2 9 November  2005;  
− Construction Law dated 2 6 November  2003;  
− State Budget Law dated 1 6 December  2002;  
− Prime Minister 's Decision  No. 37/2011/QD -TTg dated 2 9 June 2011 on mechanism of 
promoting development of wind power projects in Viet Nam;  
− Prime Minister 's Decision  No. 39/2018/QD -TTg dated 1 0 September  2018 amending and 
supplementing a number of articles of Decision  No. 37/2011/QD -TTg dated 2 9 June 2011 
on mechanism of promoting development of wind power projects in Viet Nam.  
b. Responsible agency  
Ministry of Industry and Trade . 
4. Form of subsidies  
Preference in corporate income tax;  
Exemption from import duties on facilities yet to be produced locally;  
Preference in land rents;  
Selling price of electricity generated from wind power projects are higher than the average retail 
price.  G/SCM/N/343/VNM  
 
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  5. Beneficiaries and ways of receiving subsidies  
a. Beneficiaries  
Individuals and organizations participating in the investment and development of wind power 
projects in Viet Nam.  
b. Ways of receiving subsidies  
Enterprises are entitled to purchase all electricity outputs at the price of 8.5 UScents/kWh and 
9.8 UScents/kWh at the delivery point of onshor e and offshore wind projects respectively.  
6. Subsidy value per unit  
Statistical data not available.  
7. Duration of subsidies  
From 1 November  2018 to 1 November  2021.  
8. Subsidy impacts on trade  
Not assessable.  
9  FISHERY DEVELOPMENT POLICIES  
1. Program title  
Fishery Dev elopment Policies  
2. Program objective  
- Upgrade and build fishing ports, fishing wharves, vessel anchoring areas, and other 
infrastructure and facilities at fishing ports so as to improve capability of management, monitoring, 
supervision, and inspection of f ishing activities;  
- Upgrade and modernize rudimentary vessels, converting from wooden to steel vessels to 
increase safety and minimize risks for fishermen participating in activities on the sea;  
- Promote poverty alleviation;  
- Maintain and develop tradi tional fisheries in a sustainable manner;  
- Support the conversion of fishing gears, with the aim to eliminate completely the use of 
destructive gears.  
3. Legal rationale and responsible bodies for the program  
a. Legal rationale  
− 2003 Law on Fisheries;  
− 2002 Law on State Budget;  
− 2010 Law on Credit Institutions;  
− 2013 Law on Corporate Income Tax;  
− 2013 Law on Personal Incomes Tax;  G/SCM/N/343/VNM  
 
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  − 2013 Law on Tax Management;  
− Government 's Decree  No. 67/2014/ND -CP dated 7 July 2014 on a number of fishery 
development policies;  
− Gover nment 's Decree  No. 89/2015/ND -CP dated 7 October 2015 amending and 
supplementing a number of articles of Decree  No. 67/2014/ND -CP; 
− Government 's Decree  No. 172/2016/ND -CP dated 2 7 December  2016 amending 
Government 's Decree  No. 67/2014/ND -CP on a number of fishery development policies;  
− Government 's Resolution No. 113/NQ -CP dated 3 1 December  2016 allowing extension of 
implementing Decree  No. 67/2014/ND -CP until 3 1 December  2017.  
b. Responsible bodies  
Ministry of Agriculture and Rural Development (MARD).  
4. Form of subsidies  
Preference in investment policies;  
Preference in credit policies;  
Preference in insurance policies;  
Preference in tax policies;  
Other relevant policy preferences for fishery development.  
5. Beneficiaries and ways of  receiving beneficiaries  
a. Beneficiaries  
− Owners of fishing vessels, fishermen, and establishments of vessel -building, vessel -
repairing, and logistical services for fishing in coastal provinces;  
− Organizations and individuals involved in infrastructure investm ent projects for fishing 
purposes.  
b. Ways of receiving subsidies  
− Investment policy: Investment in essential infrastructure at fishing ports and storm 
shelters shall be made from the state budget.  
− Credit policy:  
• For building new fishing vessels: this credit policy focuses on owners of fishing vessels, 
who order newly built steel vessels with a main engine capacity of 400CV or above, so 
as to serve offshore fishing activities and to provide logistics services for offshore 
fishing;  
• Working capital lendin g policy: this credit policy focuses on owners of fishing vessels, 
who fish and provide logistics services for fishing. They shall operate in an effective 
manner, and have a stable financial capacity as well as specific business plans.  
− Insurance policy: Th e government shall support 100% of the annual cost to purchase 
accidental insurance for each crew member working on board; hull insurance, equipment 
insurance, and fishing gear insurance of each vessel (insurance for all kinds of risks), in 
accordance with  the cost norms specified in Government 's Decree  No. 67/2014/ND -CP 
dated 7 July 2014 on fishery development policies.  G/SCM/N/343/VNM  
 
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  − Tax policy:  
• Exemption from natural resource tax for wildly caught seafood;  
• No registration fee imposed on vessels fishing marine and aquatic products;  
• Exemption from personal income tax for individuals and households directly fishing 
seafood;  
• Exemption from corporate income tax upon income generated from seafood fishing 
activities; income generated from logistics services directly servi ng offshore fishing 
activit ies; and income generated from newly built and upgraded fishing vessels with a 
main engine capacity of 400CV or above and in service of fishing activities;  
• Exemption from import duties upon machineries, equipments, raw materials,  and 
components, which have yet to be locally produced, in order to newly build or to 
upgrade vessels with a main engine capacity of 400CV or above.  
− Other support policies:  
• Support 100% of training cost for crew members operating vessels with hulls made of  
steel or of new material; Provide guidelines on utilization and maintenance of products 
with new technology, which applies for vessels with a main engine capacity of 400CV 
or above;  
• Support 100% of design cost for models of steel vessels for fishing and l ogistics service 
vessels for offshore fishing, which have the main engine capacity of 400CV or above;  
• Support 100% of periodic maintenance and reparation costs not exceeding 1% of the 
cost for a newly -built steel vessel whose capacity of the main engine is  400CV or 
above, on the basis of economic and technological cost norm for periodic maintenance 
and reparation.  
6. Subsidy value per unit  
Data not available.  
7. Duration of subsidy  
From 2015 to 2018. At the moment, this Program is under evaluation before taking f urther actions.  
8. Subsidy impacts on trade  
Not assessable.  
 
__________