Conditions for expanding hi-tech parks in Vietnam as of March 25, 2024

Conditions for expanding hi-tech parks in Vietnam as of March 25, 2024 (Internet image) 

Regarding this matter, LawNet would like to answer as follows:

On February 1, 2024, the Government issued Decree 10/2024/ND-CP on hi-tech parks in Vietnam.

Conditions for expanding hi-tech parks in Vietnam as of March 25, 2024

Expansion of a hi-tech park means the increase in the scale of the area of the hi-tech park, in which the expanded area has neighboring or adjacent boundaries that may be connected and used together with the technical infrastructure system of the hi-tech park established previously.

Specifically, Article 6 of Decree 10/2024/ND-CP stipulates the conditions for expanding high-tech zones from March 25, 2024 as follows:

(1) The area suggested for expansion shall satisfy the conditions prescribed in Clause 2 Article 5 in case of expanding hi-tech parks prescribed in Article 31 of the Law on High Technologies 2008 or Clause 3 Article 5 of this Decree in case of expanding hi-tech application agricultural parks prescribed in Article 32 of the Law on High Technologies 2008, specifically:

- In case of expanding hi-tech parks specified in Article 31 of the Law on High Technologies 2008:

+  Satisfying the conditions prescribed in Clause 1 of Article 5 of Decree 10/2024/ND-CP;

+ Conforming with policies of the State on the development of high technologies and hi-tech industries;

+ Satisfying the conditions for implementing tasks prescribed in Clause 2 Article 31 of the Law on High Technologies 2008;

+ Having feasible schemes to provide favorable technical infrastructures and services meeting the requirements for research, application, and development of high technologies; incubate high technologies and hi-tech enterprises; experimentally produce hi-tech products; provide hi-tech services.

- Conditions for establishing hi-tech application agricultural parks prescribed in Article 32 of the Law on High Technologies 2008:

+ Satisfying the conditions prescribed in Clause 1 of Article 5 of Decree 10/2024/ND-CP;

+ Conforming with agricultural development strategies and plans;

+ Satisfying the conditions for implementing tasks prescribed in Clause 2 Article 32 of the Law on High Technologies 2008;

+ Having feasible schemes to provide favorable technical infrastructures and services meeting the requirements for research, training, experiment, and showcase of hi-tech applications concerning agriculture.

(2) The system of social infrastructures of implemented hi-tech parks shall complete the construction investment according to the approved master planning for construction (if any) and planning for subdivision construction.

(3) The occupancy rate of implemented hi-tech parks shall reach at least 60%.

(4) The area suggested for expansion shall have a location, scale, and conditions for ensuring favorable connections to the system of technical and social infrastructures of implemented hi-tech parks.

More details can be found in Decree 10/2024/ND-CP, taking effect on March 25, 2024.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE