Official letter 1884/CT-TTHT about VAT refund as follows:
The company is a newly established enterprise from an investment project, implementing the investment project in the form of dividing into phases, if the division of stages is determined by a competent state agency on the registration certificate. If the investment is adjusted in accordance with the provisions of the law on investment, and at the same time the Company implements it on schedule and is in the investment stage, the Company is entitled to deduct and refund VAT for the investment project according to the law.
