6 major things about investing in bet88 kèo nhà cái in Viet Nam

In 2023, Vietnam emerged as one of the most dynamic markets in the bet88 kèo nhà cái real estate sector. The country not only garnered attention from domestic investors but also stood out as a promising destination for international investors. The following article will provide all the essential information that investors need to know when venturing into the bet88 kèo nhà cái real estate market in Vietnam.

1. Current situations of Viet Nam investing in bet88 kèo nhà cái

As of December 2023, Viet Nam has established over 620 bet88 kèo nhà cái (IPs). Notably, in 2023 alone, 397 new IPs were introduced, covering a total industrial land area of approximately 122,900 hectares, as reported by the Economics and Forecast Magazine. These newly established zones have attracted around 1,075 FDI projects, with a total newly registered capital of USD 36.6 billion, increasing the total number of FDI projects in the country to 3,188.

The trend in Viet Nam's IP development is increasingly focusing on green industrial zones, particularly in the Northern and Central regions. The investment sectors within these projects are also shifting towards renewable energy and high-tech manufacturing. For more detailed information, readers are encouraged to refer to the article "The Development of bet88 kèo nhà cái in Viet Nam."

2. 5 Benefits of Investing bet88 kèo nhà cái in Viet Nam

Investing in bet88 kèo nhà cái in Vietnam offers businesses significant advantages compared to other countries worldwide. The top five benefits that enterprises gain when investing in bet88 kèo nhà cái in Vietnam include:

• Competitive land lease prices:Viet Nam offers numerous incentives in the industrial sector to attract international investors. As a result, the land lease prices in Vietnam's bet88 kèo nhà cái are more competitive than those in neighboring countries.
• Open investment policies:Viet Nam is opening its doors to foreign investment, and bet88 kèo nhà cái government has implemented open investment policies to facilitate and create opportunities for investors by:
• Establishing an attractive investment environment: FDI is a major driver of national economic development. An appealing investment environment is crucial to attract substantial FDI.
• Ensuring basic rights for investors: Investors are guaranteed several rights, including protection against expropriation, guarantees for losses bet88 kèo nhà cái case of nationalization or destruction due to war, and the right to freely transfer (send) foreign currency abroad.
• Investment protection and priorities for foreign investors: Foreign investors enjoy encouraging policies and special conditions from bet88 kèo nhà cái government.
• Government investment subsidies: The Vietnam government is willing to provide investment subsidies along with loans to facilitate investors bet88 kèo nhà cái developing their businesses bet88 kèo nhà cái Vietnam.
• Attractive Investment Incentives:Vietnam is implementing very practical incentive policies to attract investment in the bet88 kèo nhà cái real estate sector, such as exemptions or reductions in land lease fees, corporate income tax reductions, VAT exemptions, etc.
• Abundant Labor Force:Vietnam has a labor force participation rate of 68.9% (52.4 million people), with 26.2% being highly skilled labor. This rate is rapidly increasing year by year, indicating that bet88 kèo nhà cái Vietnam market can provide a plentiful supply of high-quality labor.
• Rapidly Growing Developing Country:Vietnam's growth rate bet88 kèo nhà cái 2023 was over 5.05% compared to the previous year, demonstrating a potential market with rapid growth, offering investors hope for the development of their businesses.

3. Rules on investing in Vietnam bet88 kèo nhà cái

Some regulations on investing in bet88 kèo nhà cái in Vietnam include provisions on eligible investment participants and permissible investment activities, as follows:

• Eligible participants in bet88 kèo nhà cái investment: Enterprises and companies, investors and asset management companies, government agencies and local authorities, non-governmental organizations, and international organizations.
• Permissible investment activities in bet88 kèo nhà cái: Investment activities conducted within bet88 kèo nhà cái include leasing or purchasing factories, offices, warehouses, and yards to support manufacturing and business operations. However, it's crucial to note that certain activities are strictly prohibited within bet88 kèo nhà cái, including debt collection services, drug-related activities, trading in certain chemicals and minerals, prostitution, human trafficking, cloning, and the use of explosives.

4. 5 steps investing bet88 kèo nhà cái in Vietn Nam

The investment process in bet88 kèo nhà cái (IPs) in Vietn Nam involves five basic steps as follows:

Step 1: Preparation of Documentation

Prepare the necessary documents for investment bet88 kèo nhà cái IPs as stipulated bet88 kèo nhà cái Clause 2, Article 2 of Circular 09/2021/TT-BTNMT, which includes:

• Application for land and property transaction registration (Form 09/ĐK).
• Lease or sublease contract.
• bet88 kèo nhà cái original Certificate of Land Use Rights.

Step 2: Establishment of a Legal Entity

• Sign a preliminary land lease contract: Investors complete bet88 kèo nhà cái signing of a preliminary land lease contract and perform a deposit transaction. bet88 kèo nhà cái deposit typically accounts for 10% of bet88 kèo nhà cái lease amount, and if all legal documents are fully prepared, bet88 kèo nhà cái deposit can be 20%.
• Apply for bet88 kèo nhà cái Investment Registration Certificate (IRC) (up to 35 days): As per Article 35 of Decree 31/2021/NĐ-CP, bet88 kèo nhà cái government stipulates that bet88 kèo nhà cái process should take a maximum of 35 days depending on bet88 kèo nhà cái project's scale. After receiving bet88 kèo nhà cái investment policy document, bet88 kèo nhà cái IP management board needs to receive bet88 kèo nhà cái application and issue bet88 kèo nhà cái IRC.
• Apply for bet88 kèo nhà cái Enterprise Registration Certificate (ERC) (3-5 days): According to bet88 kèo nhà cái 2020 Investment Law, foreign investors need to complete bet88 kèo nhà cái business establishment procedures at bet88 kèo nhà cái Department of Planning and Investment. bet88 kèo nhà cái ERC will be issued within 3-5 days from bet88 kèo nhà cái date bet88 kèo nhà cái competent authority receives bet88 kèo nhà cái valid application.

Step 3: Land Handover

• Sign bet88 kèo nhà cái land lease contract: After bet88 kèo nhà cái contract signing is completed, bet88 kèo nhà cái investor is obliged to complete all related cadastral procedures and documents to be ready for land leasing and handover to bet88 kèo nhà cái investor.

Step 4: Preparation of Factory Design

• Submit an Environmental Impact Assessment report (up to 18 days): The Department of Natural Resources and Environment will assess the project's environmental impact within a maximum of 18 days from receiving a valid application. The report is prepared and controlled based on the regulations bet88 kèo nhà cái Clause 1, Article 32 of the 2020 Environmental Protection Law.
• Submit bet88 kèo nhà cái 1/500 scale urban planning design (15 days): Investors need to submit bet88 kèo nhà cái planning design, including drawings, models, descriptions, and management according to urban planning, to bet88 kèo nhà cái Department of Construction.
• Submit preliminary design documents and fire prevention and fire fighting (FPFF) design for bet88 kèo nhà cái factory (up to 30 days): As per Article 10 of Decree 136/2020/NĐ-CP, the government has stipulated the PCCC contents that investors need to ensure bet88 kèo nhà cái the PCCC design. Investors will receive the inspection results within a maximum of 30 days from the submission of the application to the Fire Prevention and Fighting Police Department.

Step 5: Construction of bet88 kèo nhà cái Factory

• Submit technical design, construction design, and FPFF design documents (up to 30 days): Investors submit a complete and valid set of documents as regulated, including technical construction design, construction design, and FPFF. bet88 kèo nhà cái Fire Prevention and Fighting Police Department is obliged to return bet88 kèo nhà cái inspection results to bet88 kèo nhà cái investor within a maximum of 30 days of receiving bet88 kèo nhà cái application.
• Apply for a Construction Permit: Investors submit 02 sets of applications for bet88 kèo nhà cái issuance or adjustment of construction permits to bet88 kèo nhà cái competent construction permit issuance authority. bet88 kèo nhà cái Department of Construction is obliged to appraise bet88 kèo nhà cái project within 07 days from bet88 kèo nhà cái date of receipt of bet88 kèo nhà cái application.
• Apply for bet88 kèo nhà cái Land Use Rights Certificate: As per bet88 kèo nhà cái 2013 Land Law and Circular 23/2014/TT-BTNMT, bet88 kèo nhà cái investor needs to submit 01 sets of documents to bet88 kèo nhà cái Department of Natural Resources and Environment. bet88 kèo nhà cái department is obliged to issue bet88 kèo nhà cái Land Use Rights Certificate within no more than 30 days from bet88 kèo nhà cái date of receiving bet88 kèo nhà cái application.

5. Price and incentives

Investors need to have a clear understanding of the costs and investment incentives in bet88 kèo nhà cái to make necessary adjustments and considerations when utilizing their capital:

5.1. Price

When participating in bet88 kèo nhà cái investments in Viet Nam, investors are required to cover various expenses, including those to the government and the bet88 kèo nhà cái, which encompass:

• For bet88 kèo nhà cái Government: Non-agricultural land usage taxes.
• For the bet88 kèo nhà cái: Management fees, infrastructure investment, wastewater volume, and treatment charges, as well as fees for electricity, water, and other telecommunications utilities.

5.2. Incentives

To promote the development of industrial parks in Viet Nam, the government has implemented numerous practical incentive policies to stimulate the demand for bet88 kèo nhà cái investments in Viet Nam, including:

• Income tax: Businesses may receive tax incentives with reduced tax rates of up to 10%, income tax exemptions for the first 4 years, and a 50% reduction bet88 kèo nhà cái taxes payable for the following 9 years, depending on the type of business.
• Import tax: Companies may be exempted from or receive reduced import taxes on raw materials, materials, machinery, and production equipment, as well as special regulations for export goods. This policy helps reduce production costs, enhance competitiveness, and attract investments into domestic industries.
• Value-added tax (VAT): The government provides VAT exemptions for raw materials, and input materials, as well as new machinery and equipment for production. Moreover, exports from bet88 kèo nhà cái may also enjoy VAT exemptions or reductions. These policies play a crucial role in attracting investments and fostering industrial development.
• Land rental/land tax: The government often grants land rental exemptions or reductions to initial investors. For large-scale projects, special measures may be considered to ease financial burdens on businesses. These policies create favorable conditions for enterprises and encourage investments in vital bet88 kèo nhà cái projects.

6. 5 sidenotes when investing in bet88 kèo nhà cái

With the basic information provided above, readers can grasp essential factors when engaging in bet88 kèo nhà cái investments. We have summarized below 5 considerations to help investors make more effective investments in industrial parks:

6.1. Basic information of the bet88 kèo nhà cái

To choose a suitable bet88 kèo nhà cái, investors should pay attention to fundamental information such as geographic location, infrastructure, internal facilities, occupancy rates, incentive policies, the reputation of the investor, and the predominant industries within the bet88 kèo nhà cái:

• Geographic location: Businesses should select bet88 kèo nhà cái with favorable geographic locations that not only save transportation costs but also facilitate trade with neighboring regions. The most ideal bet88 kèo nhà cái are those situated near economic centers, seaports, airports, national highways, and expressways.
• Completed infrastructure: Investors need to choose bet88 kèo nhà cái with completed infrastructure and high-quality infrastructure that meets the production needs of businesses.
• Occupancy Rates: This is an important but often overlooked factor. Investors can refer to the bet88 kèo nhà cái occupancy rate to find a suitable occupancy rate for their business.
• Industry activities: Industrial parks will be personalized to fit the list of prioritized industries. Prior research on the companies operating within the bet88 kèo nhà cái helps investors ensure that their business aligns with the bet88 kèo nhà cái's activities and seeks opportunities to establish supply chains within the park.

An ideal bet88 kèo nhà cái is a place that meets fundamental factors, including completed infrastructure, a suitable geographic location, not excessively high occupancy rates, and available land for new investors. In addition, investors can further consider factors such as incentive policies and preferred industries within the bet88 kèo nhà cái. For businesses in specialized industries, investors need to ensure that the bet88 kèo nhà cái's infrastructure supports their production activities without causing adverse environmental effects.

6.2. Investment procedures

Currently, Vietnam has clear regulations on preparing documents and procedures for investment steps. However, each province and bet88 kèo nhà cái may have its adjustments to suit the investment activities of their region.

Therefore, investors need to thoroughly understand the investment procedures, and the necessary documents to optimize the initial preparation time and prevent unfortunate incidents. Especially if your business belongs to the list of specialized industries, make sure that the bet88 kèo nhà cái has enough permits to authorize your business to operate.

6.3. Preparing capital before investing

Investing in an bet88 kèo nhà cái is a form of investment that requires significant capital resources. Investors need to prepare sufficient capital resources to ensure long-term investment activities, including capital for the initial investment preparation phase, construction, and production and business stages.

In addition, the investor will have to pay fees to the bet88 kèo nhà cái, including management fees, electricity prices, water prices, waste treatment fees, and non-agricultural land use taxes for the government. Therefore, investors need to plan their costs and learn more about the incentives of the state and the specific incentives of the bet88 kèo nhà cái to minimize input costs.

Du Long IP is open to attracting investment with many incentives for domestic and foreign investors.

6.4. Market risk assessment

During economic downturns, Vietnam's bet88 kèo nhà cái real estate sector is one of the most positively developing countries. Currently, the Southern region has an occupancy rate of up to 92%, and land rents are predicted to increase by 3-7% in the coming year. Meanwhile, the Central and Northern regions have lower occupancy rates, and costs are more favorable.

Investors need to evaluate and grasp market trends before deciding on an bet88 kèo nhà cái. Efficient risk management will help businesses avoid potential market challenges.

Thanks to its development potential and rapid growth rate, investing in bet88 kèo nhà cái in Vietnam is one of the most attractive areas of investment for both domestic and foreign investors. Readers can follow and reference the latest investment updates on our website/