Many new tax incentives for investment projects in Hoa Lac Hi-Tech Park

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The perspective of Hoa Lac High-tech Park.

The Government has just issued a Decree on special mechanisms and policies for Hoa Lac Hi-Tech Park. Accordingly, investment projects in the Hi-Tech Park are entitled to the highest incentives in accordance with the investment law and tax law.

New investment projects from 4 trillion in the Hi-Tech Park shall be subject to corporate income tax rate of 10% within 30 years.

Investment projects licensed by the provincial People's Committee prior to the approval of the Prime Minister on adjustment of master construction planning for Hi-Tech Park (date 23 May 2008) and projects in operation at Hi-Tech Park shall enjoy tax incentives according to regulations in the issued Investment Certificates / Investment License/ Investment Incentive Certificates

Regarding housing development policy for employees working at the Hi-Tech Park, the Hanoi People's Committee will prioritize the allocation of sufficient land fund for employees working at the High-Tech Park. The State encourages and supports organizations and individuals investing in the housing construction and development (including technical infrastructure, social infrastructure, and housing).

Organizations and individuals carrying out housing projects for employees working at the Hi-tech Park will be entitled to incentives on tax, land rental fee and land use fee in accordance with the current law and regulations in this Decree.

The Decree stipulates that investors who are foreign Vietnamese experts and employees or foreigners and their family's members (including parents, spouse, offsprings or adopted children under 18) are considered for issue of multi-entry or exit visa with expiry dates suited with working duration at the Hi-tech Park.

In addition to above investment incentive and support policies, the organizations and individuals and foreigners investing and working at the Hi-tech Park also receive other incentive and support policies according to the law if they meet full requirements on incentive and support entitlement.

Proposal to establish a Customs Branch at Hoa Lac High-tech Park VCN - Based on the actual situation of import and export activities and implementation of Customs procedures, ...

For projects which require special investment in the Hi-Tech Park, the Ministry of Science and Technology shall submit to the Government or the Prime Minister a decision on additional investment incentives and support.