On March 30th,2020, the Government issued Decree No.37/2020/ND-CP on supplementing new business lines eligible for investment incentives which is annexed to Decree No.118/2015/ND-CP providing instructions on the Law on Investment. This Decree added some business investment activities as prescribed in the Law on Assistance for small and medium-sized enterprises to the business lines table in Appendix No.1 of Decree No. 118/2015/ND-CP issued on November 12th,2015, including:
– Business investment in supply chains of small and medium enterprises;
– Business investment in incubation of small and medium enterprises;
– Business investment in technical establishments supporting small and medium enterprises;
– Business investment in coworking space for small and medium start-up enterprises;
These regulations are supplemented in order to ensure adherence to regulations laid down in Point a Clause 1 Article 33 Law on Assistance for small and medium-sized enterprises 2017.
Decree No.37/2020/ND-CP shall take effect on May 15th, 2020.
