In accordance with the Decree No. 118/2015/ND-CP dated November 12, 2015 of the Government guiding a number of Articles of the Law on Investment, takes effect on December 27, 2015, the investor must pay a deposit when receiving land, leasing land, or permitted to repurpose land by the State to execute the investment project…

The deposit shall be paid under a written agreement between the investment registration authority and the investor after a decision on investment policies is issued and before the time of land transfer, land lease, or land repurposing. If the investment project is not required to have a decision on investment policies, the time for paying the deposit is the time of land transfer, land lease, or land repurposing. The deposit is a progressive percentage of the project capital written on the decision on investment policies or Investment Registration Certificate. If the capital does not exceed VND 300 billion, the deposit is 3%; the deposit on the amount of capital in surplus of VND 300 billion but not exceeding VND 1,000 billion is 2% and the deposit on the amount of capital in surplus of VND 1,000 billion is 1%.

The investor shall receive a deposit reduction of 25% reduction of deposit for investment projects in business lines eligible for investment incentives; investment projects in disadvantaged areas, investment projects in industrial parks and export-processing zones, including projects for construction and operation of infrastructure in industrial parks and export-processing zones; and of 50% reduction of deposit for investment projects in business lines eligible for special investment incentives; investment projects in extremely disadvantaged areas, investment projects in business lines eligible for investment incentives located in disadvantaged areas; investment projects in hi-tech zones and economic zones, including projects for construction and operation of infrastructure in hi-tech zones and economic zones.

Each investment project has a single code which remains unchanged throughout the operation of the project and must not be given to another project. The code of an investment project expires when the investment project is shut down. A code of an investment project is a 10-digit number automatically generated by National Foreign Investment Information System and written on the Investment Registration Certificate.

This Decree replaces the Decree No. 108/2015/ND-CP dated September 22, 2006.

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