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Draft decree on supportive industry
24 February, 2020
Decree 111/2015/ND-CP was issued on 3 November 2015 regarding “supportive industries”. This regulation provided some attractive support schemes and incentives to entities performing activities to develop certain key industries which Vietnam is keen to promote, such as textile and garment, footwear and leather, electronics, automobile, etc. While this is a favourable regulation, as ever the devil is in the detail, as the procedures and conditions to secure such incentives are convoluted and in some cases unclear.
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