KPMG Tax and Legal Institute

On 3 November 2015, the Government issued Decree 111/2015/ND-CP (“Decree 111”) guiding the development of supporting industries (“SI”), focusing on a number of business sectors such as textiles – garment industry, shoe – leather industry, electronics industry, automobile manufacturing and assembly industry, mechanical engineering industry and supporting products serving for high-tech industry.

Currently, the Government and the Ministry of Industry and Trade are drafting a Decree amending Decree 111 (“the Draft Decree”) with the aim to clarify some regulations on determination of SI incentives, expanding the list of SI products, and also adding more criteria for entitlement of SI incentive.

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