Vietnam: Investors in construction of the concentrated information technology parks shall be enjoyed the 13 following supports and preferences

According to Article 21 of Decree No. 154/2013/NĐ-CP of Vietnam’s Government, investors in construction of the concentrated information technology parks shall be enjoyed the following supports and preferences:

1. To be supported by State for investment in supplying the technical infrastructure system in and outside of the park (roads, electricity, clean water, drainage and other infrastructures), organization of public traffic system to transport passengers to the concentrated information technology parks;

2. To be supported by State for the work of ground clearance for construction of the concentrated information technology parks;

3. To be facilitated in performing procedures for land assignment, land rent;

4. To be reduced 50% of land levy, ground rent that must be paid to state budget, depending on form of selection of land assignment or land rent;

5. To be entitled to decide on price of leasing land, subleasing land which has build the technical infrastructure; to be entitled to transfer the right to use land, to lease land, sublease land which has build technical infrastructure in the concentrated information technology parks for other investors in accordance with legislations on land and legislations on real estate business;

6. To be enjoyed preferences of State about use of electricity, water and telecommunication as prescribed by law;

7. To be enjoyed incentive policies regarding investment credit of State as prescribed by law;

8. To be entitled to mobilize funding under form of project bond as prescribed by law;

9. To be entitled to mobilize funding from land fund as prescribed by law on land for performing projects on investment in development of technical infrastructure and social infrastructure used for general serve in the concentrated information technology parks;

10. To be entitled to mobilize funding through form in which investors (except for subjects specified in point d Clause 4 Article 3 of Law on investment) with financial ability and experiences in calling investment are leased partly or all land area that not yet be leased for investment and land sublease in order to perform projects on investment in infrastructure construction and business of functional subdivisions in the concentrated information technology parks;

11. To be exempted from land levy for land area used for construction of technical and social infrastructural constructions without business as prescribed by law;

12. To be entitled to include the cost for investment in construction, operation of the social infrastructure works in serve of the concentrated information technology parks in the rationale cost to calculate the taxable income of enterprises;

13. To be enjoyed other incentive policies of the State applicable to operation of investment in construction of hi-tech parks.

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

Ty Na

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