I. Legal basis 

• Investment Law 2025 (Law No. 143/2025/QH15)
• Decree No. 239/2025/ND-CP
• Investment Law 2020

II. Some new policies on investment incentives and investment support effective from 1 March 2026

1. Eligible beneficiaries of investment incentives

• Investment projects in sectors and trades eligible for investment incentives as prescribed in Article 15 of the Investment Law 2025;
• Investment projects located in areas eligible for investment incentives as prescribed in Article 15 of the Investment Law 2025;
• Investment projects of large capital scale, projects employing a large number of employees, or key and nationally important investment projects in line with the socio-economic development orientation for each period as prescribed by the Government.

2. Forms of investment incentives

• Corporate income tax incentives, including the application of corporate income tax rates lower than the standard rate for a specified period or for the entire duration of the investment project; tax exemptions, tax reductions, and other incentives in accordance with the law on corporate income tax;
• Exemption from import duty on goods imported to create fixed assets, and on raw materials, supplies, and components imported for production, in accordance with the law on export and import duties.
• Exemption from or reduction of land use fees, land rents, and land use tax;
• Accelerated depreciation and increased deductible expenses when determining taxable income;
• Other forms of investment incentives as prescribed by the Government.

3. Forms of investment support

• Support for the development of technical infrastructure and social infrastructure inside and outside the boundaries of investment projects;
• Support for training and development of human resources;
• Credit support;
• Support for access to production and business premises; and support for production and business establishments required to relocate pursuant to decisions of competent state authorities;
• Support for science and technology and technology transfer;
• Support for market development and information provision;
• Support for research and development;
• Support for green transition, emission reduction, climate change adaptation, and digital transformation;
• Other forms of investment support as prescribed by the Government.

4. Sectors and trades eligible for investment incentives as from 1 March 2026

Sectors and trades eligible for investment incentives are those prioritized for investment attraction in order to achieve the following objectives:

• Development of science and technology, innovation, digital transformation, the digital technology industry, and the semiconductor industry;
• Development of the green economy, circular economy, sharing economy, digital economy, and new economic models;
• Development of industrial clusters and value chains, and attraction of investment in modern governance with high added value, strong spillover effects, and linkages to global production and supply chains;
• Development of renewable energy, new energy, and clean energy, and assurance of national energy security.
• Development of agriculture and forestry; protection of the environment and natural resources; and development of the marine economy;
• Construction and development of infrastructure;
• Development of education and training, healthcare, high-performance sports, and national culture;
• Development of key chemical industries, key mechanical engineering industries, and supporting industries; and development of the pharmaceutical industry;
• Achievement of other objectives as prescribed by the Government.

5. Investment incentive areas effective from 1 March 2026

• Areas with difficult socio-economic conditions and areas with extremely difficult socio-economic conditions;
• Industrial parks, industrial clusters, export processing zones, high-tech parks, high-tech agricultural zones, centralized digital technology zones, free trade zones, international financial centers, and economic zones.

III. Conclusion

It can be seen that, as from 1 March 2026, the system of investment incentive and investment support policies under the Investment Law 2025 has been refined in a more coordinated, transparent, and targeted manner compared with previous regulations. The new provisions not only expand and clarify the eligible beneficiaries and forms of investment incentives and support, but also provide clear guidance for attracting investment into sectors, fields, and areas aligned with the socio-economic development strategy, digital transformation, green transition, and the enhancement of national competitiveness in the new phase.

The flexible combination of tax, land, and financial incentives with support policies on infrastructure, human resources, science and technology, innovation, and sustainable development reflects a shift from a mindset of “across-the-board incentives” to one of “selectivity, screening, and enhancement of investment quality.” Through this approach, the State encourages projects with high value added, strong spillover effects, value chain linkages, and substantive contributions to long-term development objectives.

In the context of numerous new provisions in investment legislation and their imminent entry into force, investors should proactively study and assess the conditions for applying investment incentives and support to each specific project, while also reviewing their consistency with the prioritized sectors, locations, and policy orientations of the State. Timely awareness of and proper compliance with the new regulations will provide an important basis for investors to optimize their lawful benefits, minimize legal risks, and enhance the effectiveness of project implementation from 2026 onward.

IV. About Us, Hankuk Law Firm

■ Hankuk Law Firm – Introduction

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