Expected to add many preferential policies for NIC

The Ministry of Planning and Investment proposes adding regulations on preferential tax exemptions for land and related taxes and fees for the area of public assets used to provide revenue-generating services, and exemption from infrastructure usage fees for land allocated or leased within the facilities of the National Innovation Center (NIC).

Dự kiến bổ sung nhiều chính sách ưu đãi đối với NIC

The Ministry of Planning and Investment is seeking feedback on a proposed draft Decree to replace Government Decree No. 94/2020/ND-CP, which stipulates the mechanisms and preferential policies for the National Innovation Center.

Amend and supplement the preferential policies for the National Innovation Center.

According to the draft, the proposed amendments and additions include:

Supplementing regulations on the organizational structure, functions, tasks, and operations of the National Innovation Center; and regulating the relationship between the National Innovation Center and other innovation centers.

Amend and supplement the procedures for receiving and utilizing aid and funding from foreign governments, non-governmental organizations, and domestic organizations and individuals for the National Innovation Center, aiming to enhance the Center's autonomy in receiving and utilizing funding, simplifying and specifying the process for receiving and utilizing funding in the form of money or other assets.

The regulations aim to strengthen decentralization of authority, simplify the procedures for approving projects using public assets; and implement innovation support services by facilitating the National Innovation Center's use of spaces at its facilities for leasing, business operations, and supporting innovation partners within the Center, thereby generating revenue to support its autonomy and fulfill its mission of promoting the national innovation ecosystem.

The regulations stipulate that the Center is provided with co-working spaces, product display areas, and spaces for setting up laboratories and pilot production facilities, along with office amenities to support innovation and entrepreneurship activities. These space provision services by the Center fall under the category of business development support services, not real estate business.

The regulations provide preferential tax exemptions on land and related taxes and fees for the portion of public property used to provide revenue-generating services, and exemption from infrastructure usage fees for land allocated or leased within the facilities of the National Innovation Center.

Preferential policies for innovation centers that are partners.

The draft also amends and supplements the mechanisms and preferential policies for other innovation centers that are partners or have operational links with the National Innovation Center.

Specifically, innovation centers that are partners and have activities linked with the National Innovation Center are entitled to: (1) Receive funding, support, loans and loan guarantees from the National Technology Innovation Fund, the National Science and Technology Development Fund, the Small and Medium Enterprise Development Fund and development investment funds, science and technology development funds of provinces and centrally-administered cities; (2) Receive and use aid and funding from foreign governments and non-governments, domestic organizations and individuals in a way that strengthens the proactive right to receive and use; (3) Meet some specific criteria to enjoy a part of the preferential mechanisms and policies stipulated in the Decree.

Support policies for organizations and individuals operating at the Center.

In addition, the draft amends and supplements the mechanisms and policies to support innovation for organizations and individuals operating at the National Innovation Center.

Accordingly, regulations are added regarding support for individuals, organizations, and businesses operating at the National Innovation Center in carrying out administrative procedures related to market entry, intellectual property, tax procedures, etc.

The entry visa regulations stipulate that the visa is valid for multiple entries and its validity period corresponds to the duration of on-site work at the National Innovation Center.

The regulations have been amended to exempt foreign workers employed at the National Innovation Center from requiring work permits.

Simplify and streamline certain investment and business procedures for organizations and individuals establishing businesses at the facilities of the National Innovation Center.

Please read the full draft and give your comments here.

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