TO SUPPLEMENT TAX INCENTIVES FOR THE MECHANICAL ENGINEERING SECTOR
According to the Strategy for development of Vietnam’s mechanical engineering sector through 2025, with a vision toward 2035, mechanical engineering is a fundamental industry, center on mechanical engineering serving agriculture, manufacture of automobiles, industrial work equipment, electric equipment and industries supporting…
In the coming time, continue revising policies promoting the mechanical engineering sector, including tax incentives (enterprise income tax and import duty) and investment and business support measures as provided by the Investment Law in the direction of simplifying administrative procedures.
The State shall adopt policies to support enterprises in purchasing designs and technologies, renovating technologies and production equipment, applying advanced production management technologies and models that use more efficiently energy and input natural resources as well as raise the quality and competitiveness of mechanical engineering products…
Also in accordance with the Strategy, the list of key mechanical engineering products prioritized for development investment in the 2017-2025 period including: Types of motor equipment; Categories of automobiles; Uplifting and hoisting equipment…
Within that, Categories of automobiles contain: Special-use automobiles; Medium- and short-range passenger cars with 10 or more seats for inter-provincial transport or urban routes; Fuel-efficient and environment-friendly cars.
This Strategy issued at the Decision No. 319/QD-TTg dated March 15, 2018 of the Prime Minister; take effect on the signing date.
