Policies on support and incentives for investment in building centralized information technology zones in Vietnam

Policies on support and incentives for investment in building centralized information technology zones in Vietnam
Le Truong Quoc Dat

Below are the support and incentives for investment in building centralized information technology zones in Vietnam.

1. What are policies on support and incentives for investment in building centralized information technology zones in Vietnam?

According to Article 21 of Decree 154/2013/ND-CP, investors building centralized information technology zones are entitled to the following support and incentives:

- The State supports investment in the provision of technical infrastructure systems inside and outside the zone (transportation roads, electricity, clean water, drainage and other infrastructure), and organizes public passenger transportation systems to the centralized information technology zone;

- The State supports the land clearance work for building the centralized information technology zone;

- Facilitated procedures for land allocation and land leasing;

- A reduction of 50% in the land levy and land rent required to be paid to the state budget depending on the choice of land allocation or land leasing;

- Permitted to decide on the land lease price, the sub-leasing price of land with constructed technical infrastructure; allowed to transfer land use rights, lease land, sub-lease land with constructed technical infrastructure in the centralized information technology zone to other investors in accordance with land law and real estate business law;

- Beneficial electricity, water, and telecommunications incentives from the State as per legal regulations;

- Eligible for state investment credit policy incentives according to legal provisions;

- Allowed to raise funds in the form of project bonds as per legal regulations;

- Permitted to mobilize capital from land funds according to land law to implement technical infrastructure development projects and shared social infrastructure services in the centralized information technology zone;

- Allowed to mobilize capital through having investors (excluding those stipulated in point d clause 4 Article 3 of the Investment Law 2020) with financial capability and experience on attracting investment to re-lease part or entire unleased land area for investment and sub-leasing to implement projects on building and business of infrastructure within the functional zones of the centralized information technology zone;

- Exempt from land levy for the land area used for constructing non-business-related technical and social infrastructure projects as per legal provisions;

- Allowed to include investment costs for construction and operation of social infrastructure works servicing the centralized information technology zone into reasonable expenses for determining taxable income of enterprises;

- Eligible for other state preferential policies applicable to investment activities in high-tech zones.

2. What are regulations on investment capital for building centralized information technology zones in Vietnam?

Investment capital for building centralized information technology zones is stipulated in Article 25 of Decree 154/2013/ND-CP as follows:

- For centralized information technology zones invested by state funds, the funds are allocated for the following tasks:

+ Establishment of detailed planning and investment preparation activities;

+ Land clearance, detonation, mine, explosive materials clearing, site leveling, and relocation;

+ Construction of general technical infrastructure of the centralized information technology zone including: Traffic infrastructure, communication, electricity, water, and environmental treatment;

+ Construction of the headquarters of the management organization of the centralized information technology zone;

+ Building technical infrastructure in the training sub-zone, research and development information technology sub-zone;

+ Other costs serving the management work of implementing construction investment by the management organization of the centralized information technology zone;

- Construction of technical infrastructure for the remaining areas is to be conducted using state budget funds and other sources of capital, with priority given to mobilizing alternative sources of funds for implementation.

- For centralized information technology zones invested using non-state budget funds, depending on the actual conditions of each zone, the State may consider supporting a part of the funding for the contents from points a to c, clause 1, Article 25 of Decree 154/2013/ND-CP.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem



  • Address: 19 Nguyen Gia Thieu, Vo Thi Sau Ward, District 3, Ho Chi Minh City
    Phone: (028) 7302 2286
    E-mail: info@lawnet.vn
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
P.702A , Centre Point, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, HCM City;