Understanding Investment Incentives at Nam Trang Cat Industrial Park

🏭 For manufacturers considering a new investment in Hai Phong, investment incentives can materially improve project economics—particularly during the first years of operation. However, the incentive framework in Vietnam is not a single package automatically granted to every investor. The applicable treatment depends on the location, industry, technology and legal status of each individual project.

📍 Located within the Dinh Vu – Cat Hai Economic Zone, Nam Trang Cat Industrial Park provides investors with access to an attractive baseline incentive framework, while projects in priority and high-technology sectors may qualify for enhanced incentives.

🔍 Three factors determine the applicable incentives

🧭 As illustrated in the diagram above, an investor's potential incentive package is generally assessed across three dimensions:

• 📌 Location: eligible new investment projects within the Economic Zone may qualify for location-based incentives.

• ⚙️ Industry and technology: projects involving priority technologies and industries—including semiconductors, electronics, software, AI data centers and supporting industries—may be eligible for more favorable treatment.

• 🏅 Recognition or investment status: additional benefits may apply where a project qualifies under specific regimes such as high-tech enterprises or export processing enterprises.

💰 Depending on the project profile and applicable conditions, the main Corporate Income Tax (CIT) reference frameworks may range from a 17% preferential rate for 10 years to a 10% preferential rate for 15 years, while qualifying strategic or high-tech projects may potentially access a 10% rate for up to 25 years. Tax exemption and subsequent 50% tax reduction periods may also apply under the relevant incentive category.

📦 Import duty exemptions for qualifying machinery and equipment, certain land rental support mechanisms, and the 0% VAT / Export Processing Enterprise (EPE) framework may further support eligible projects.

🧩 How should investors approach the process?

⏱️ The most effective approach is to assess incentives early in the investment planning process, rather than after the project structure has already been finalized.

📝 Investors should first define their proposed products, technologies, investment scale and production process. These characteristics can then be reviewed against the applicable location, sector and technology criteria. Where specific recognition or certification is required, the necessary documentation should be prepared before seeking confirmation from the relevant authorities.

🤝 Nam Trang Cat supports investors through the process

🛠️ The Nam Trang Cat team can support prospective investors with preliminary incentive screening, coordination with relevant authorities and preparation of the required documentation, helping investors understand the potential incentive framework before making their final investment decision.

Planning a manufacturing, technology or logistics investment in Hai Phong? Contact the Nam Trang Cat team to discuss your project requirements and assess the incentive framework that may apply to your investment.

⚠️ Disclaimer: Investment incentives are assessed on a case-by-case basis and remain subject to applicable Vietnamese laws, project-specific conditions and confirmation by the competent authorities.