Support and preferences for organizations and enterprises operating in the concentrated information technology parks in Vietnam

According to Decree No. 154/2013/NĐ-CP of Vietnam’s Government, organizations and enterprises performing new investment projects in the information technology field at the concentrated information technology parks are enjoyed the following supports and preferences:

1. To be entitled to select form of land assignment with collection of land levies, renting ground or subleasing land which has been built the infrastructure as prescribed by law;

2. To be applied the tax rates of enterprise income tax of 10% for 15 years, exempted tax 04 year, reduced 50% of the payable tax for 09 next years for enterprise incomes from implementation of new investment projects at the concentrated information technology park. For enterprises established newly from investment projects in the information technology field with big scale, and need special investment attraction, duration applied the preferential tax rates may be prolonged but total duration applied tax rate of 10% does not exceed 30 years. The Prime Minister shall decide the expansion of duration applied the preferential tax rate of 10% as prescribed at this Clause at request of Minister of Finance;

3. To be exempted import tax for goods imported to create fixed assets and serve for production of information technology products and services of enterprises, including:

- Equipment and machinery;

- The special-use means of transport in the technological chain that cannot be produced domestically; means of transport for workers including automobiles of 24 seats or more, and means of waterway transport;

- Components, details, separate parts, spare parts, fittings, molds and accessories enclosed to assemble synchronously with special-use equipment, machinery, and means of transport specified at point a and point b this Clause;

- Raw materials, supplies that cannot be produced domestically, used for manufacture of equipment, machinery placed in technological chains or for manufacture of components, details, separate parts, spare parts, fittings, molds and accessories enclosed to assemble synchronously with equipment, machinery specified at point a of this Clause;

- Construction supplies that cannot be produced domestically.

4. To be enjoyed preferences of export tax for information technology products and services as prescribed by law;

5. To be facilitated for customs procedures in course of export and import of machinery, equipment and information technology products and services;

6. To be enjoyed preferences on investment credit and export credit of State, the national fund for science and technology development and other credit institutions as prescribed by law;

7. To be enjoyed other incentive policies of the State applicable to enterprises operating in the hi-tech parks. If an enterprise is subject to be enjoyed many preferential levels as prescribed by law, it will be applied the highest preferential level.

View details at Decree No. 154/2013/NĐ-CP of Vietnam’s Government, effective from January 01, 2014.

Ty Na

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