Vietnam's Ministry of Planning and Investment has announced the issuance of Decision 29/2021/QD-TTg of 6 October 2021, which provides for the implementation of the special investment incentive policy for eligible investment projects under the Law on Investment. The decision essentially provides for three different incentive scheme levels as follows: Scheme 1: a preferential corporate tax rate of 9% for 30 years, with an initial exemption for 5 years followed by a 50% reduction for 10 years; and a land and water surface rent exemption for 18 years, followed by a 55% reduction for the remaining period of the project; Scheme...