CORPORATE INCOME TAX INCENTIVES UNDER CURRENT VIETNAMESE LAW

Corporate Income Tax (CIT) incentives for investment projects situated within industrial zones (IZs) are regarded as a crucial legal instrument for attracting investment capital, stimulating business and production development, and furthering the process of industrialisation and modernisation in Vietnam. This article elucidates the prevailing legal framework governing CIT incentives applicable to enterprises operating in IZs, critically assesses the limitations and inconsistencies encountered in practice, and advances policy recommendations with a view to refining the legal regime. The overarching objective is to ensure a balanced reconciliation of interests between the State and investors, thereby fostering the sustainable development of IZs.