Tax Incentives for Investors in DEEP C Industrial Zones
Vietnam continues to strengthen its position as one of Asia’s most attractive investment destinations through a comprehensive package of tax incentives and investment-friendly policies. These incentives, combined with ongoing regulatory reforms, help foreign investors reduce operating costs, accelerate market entry, and expand efficiently within Vietnam’s dynamic manufacturing landscape.
Across the DEEP C Industrial Zones ecosystem, investors benefit from a variety of incentive schemes depending on the zone’s location, including Free Trade Zone (FTZ) incentives and Economic Zone (EZ) incentives.
Hai Phong
Free Trade Zone
The establishment of the Hai Phong Free Trade Zone (FTZ) represents a cornerstone in Vietnam’s next-generation economic development vision. Formulated by National Assembly’s Resolution No. 226/2025/QH15 (“Resolution 226”), the FTZ is expected to become a new growth driver for Vietnam’s economy, accelerating industrial transformation, driving innovation, and strengthening Vietnam’s integration into global supply chains.
Total area |
6,292 ha |
Associated Economic Zones |
Dinh Vu – Cat Hai Economic Zone, Southern Hai Phong Coastal Economic Zone |
Key sectors for investment |
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Special Incentives
Hai Phong Free Trade Zone offers an unparalleled combination of financial, administrative, and operational incentives, especially for investment projects in innovation, logistics, AI, semiconductors, and high-tech manufacturing, etc.
Thanks to this framework, Hai Phong is now set to become a center for innovation and high-tech manufacturing, offering competitive operating costs, investor-friendly administration, and unmatched connectivity.
Financial Incentives
Corporate Income Tax (CIT) Incentives
Investment projects in key sectors under Article 10 of Resolution 226 are entitled to:
- Preferential CIT rate of 10% for 30 years;
- Full tax exemption for four years, followed by a 50% CIT reduction for the next nine years;
- Preferential CIT rate of 15% after 30 years.
Personal Income Tax Incentives
To attract and retain global expertise, the FTZ grants a 50% reduction on payable PIT for experts, scientists, talents, managers, and high-quality labor. This policy strengthens Hai Phong’s competitiveness for world-class human resources.
Other Incentives
- Land rent: Businesses enjoy 100% exemption for the entire term, excluding commercial/service land.
- R&D expense deduction: Businesses may deduct 200% of actual R&D costs from taxable income, a strong financial mechanism to encourage innovation, higher than the current 100%.
- Import/Export Tax: Goods and services traded between functional zones, between foreign entities and functional zones, or between functional zones and other non-tax zones are taxed as in a non-tax zone to optimize the movement of goods.
Administrative Incentives
- Special investment procedures: Investors may undertake special investment procedures for projects in key sectors such as R&D, high-tech (semiconductors, AI), supporting industries, logistics, etc.
- Streamlined procedures for foreign investors: Foreign investors are allowed to establish an economic entity within the FTZ without needing a project yet and without having to obtain an Investment Registration Certificate (IRC) before establishment. The process is similar to domestic investors, significantly shortening market entry time.
- Priority customs mechanism: Enterprises in the FTZ are granted preferential customs treatment for import/export activities if conditions are met, especially exemption from export/import value thresholds.
- Exemption from sectoral inspections: Goods that are certified as meeting applicable standards or recognized under international agreements will be exempt from sectoral inspections, except in cases of safety or health alerts.
- Breakthrough visa policy: Visa exemption and a 10-year temporary residence card for foreigners who are experts, scientists, talents, managers, or highly skilled workers (codes UĐ1) and their accompanying family members (codes UĐ2) when working at enterprises in the FTZ. This policy is highly competitive and aims to address the shortage of high-quality human resources.
Operational Incentives
- Transit business: Foreign investors are allowed to engage in transit operations for goods.
- Foreign currency transactions: Companies in the FTZ may quote, price, and settle transactions in foreign currencies via interbank transfers for intra-zone trades.
- Opening foreign bank branches: Foreign bank branches are allowed to open service desks within the FTZ besides their main offices.
DEEP C Hai Phong 2 & 3 – Your Strategic Base Inside the FTZ
Within the FTZ, DEEP C offers 800+ ha of investment-ready industrial land , supported by plug-and-play utilities, resilient infrastructure, and a strategic location for semiconductors, AI, logistics, and advanced manufacturing.
DEEP C Hai Phong 2
Uniquely positioned within the Hai Phong Free Trade Zone, DEEP C Hai Phong 2 offers the most attractive tax incentives package available in Vietnam, making it an ideal destination for high-tech, innovation-driven, logistics industries and more.
DEEP C Hai Phong 3
Investment projects in DEEP C Hai Phong 3 benefit from the Hai Phong Free Trade Zone tax incentive scheme, which is widely regarded as one of the most attractive and competitive incentive packages currently available in Vietnam.