On March 15, 2024, the Government issued Decree 32/2024/ND-CP regulating the management and development of industrial clusters. Decree 32/2024/ND-CP, upon its effectiveness on May 1, 2024, will replace Decree 68/2017/ND-CP and Decree 66/2020/ND-CP amending and supplementing a number of articles of Decree 68/2017/ND-CP. The following are some notable regulations set forth in Decree 32:
(i) Adjusting the industries, business lines, and business and production establishments encouraged to make their investment in and relocate to industrial clusters;
(ii) Supplementing regulations related to the selection of investors to build the industrial cluster’s technical infrastructure;
(iii) Amending and supplementing the obligations of investors to build industrial cluster infrastructure;
(iv) Amending regulations on incentives and support policies for the development of industrial clusters.
