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12 AprBreaking news: Four more sectors and industries to have access to investment incentives
On March 30, 2020, the Government promulgates the Decree No. 37/2020/ND-CP, updating the List of sectors and industries having access to investment incentives which is annexed to the Decree No. 118/2015/ND-CP providing instructions about the Law on Investment.
The Decree adds business and investment activities prescribed in the Law on Support for Small and Medium Enterprises to the List of sectors and industries having access to investment incentives that is given in the Appendix I to the Decree No. 118/2015/ND-CP dated November 12, 2015, including:
- Investment in supply chains of small and medium enterprises;
- Investment in business of incubation of small and medium enterprises;
- Investment in business of technical establishments supporting small and medium enterprises;
- Investment in business of co-work spaces for small and medium startup enterprises.
These regulations will be modified as a way to ensure adherence to regulations laid down in point a of clause 1 of Article 33 in the 2017 Law on Support for Small and Medium Enterprises.
Decree No. 37/2020/ND-CP is entering into force on May 15, 2020.
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