On January 6th 2020, the Prime Minister issued Decision
no.27/QD-TTg on establishing the information technology zone in Danang – Stage
1, effective from January 6th 2020. Specifically, the Danang
information technology (IT) zone – Stage 1 has an area of 131 hectares, located
in Hoa Lien commune, Hoa Vang district, Danang city.
The Ministry of
Information and Communications shall assume the prime responsibility and
coordinate with the ministries, branches, Danang People’s Committee and
concerned units in guiding the implementation of the decision; The Ministry of
Planning and Investment was assigned to assume the prime responsibility for,
and coordinate with the Ministry of Finance and the Ministry of Information and
Communications in, balancing the allocation of investment capital to support
investment in and construction of infrastructure of Danang centralized IT Park
according to law provisions.
Besides, the People’s
Committee of Danang has 5 tasks including approving the organizational
structure and operational regulations of the Danang central IT Management
Group, then performing the state management function for the investment
projects in the centralized IT zone, and prioritizing the allocation of
development investment capital from the state budget for investment in
infrastructure development connecting to Danang centralized IT Park – phase 1
and non-business social infrastructures in the area. Therefore, developing the
plans and synchronously deploy solutions to attract foreign corporations and
large domestic enterprises in the fields of IT, electronics and telecommunications
to invest in Danang centralized IT Zone and set up company, apply for
investment registration certificate. Finally, directing and organizing the levels
of local governments and functional agencies of Danang city in cooperation with
Danang IT Park development joint stock company to implement the construction,
management to IT zone focus on Danang to develop in the fast and sustainable
way.
Danang IT Park is
entitled to preferential policies for centralized IT zone as stipulated in the
Article 22 Decree no.154/2013/ND-CP to attract the investors to invest and set
up business in Da Nang IP park, such as: Preferential corporate income tax for
15 years with tax exemption policy for the first 4 years, 5% for the next 9
years, 10% for the next 2 years and tax incentives after 15 years of operation
is 20-22%. Moreover, exemption of import tax for imported goods to create fixed
assets, raw materials, machinery and equipment that cannot be domestically
produced to serve the production of IT products and IT services of enterprises;
50% reduction of payable personal income tax on income from salaries and wages
of high-tech human resources working in IT. In addition, site clearance and
infrastructure investment in Danang IT Park- stage 1 will be supported by
government and local budgets in accordance with the law, master plan on
development of centralized information technology zone approved by the
Government. The Danang IT Park – stage 1 will also receive investment credit
loans at Vietnam Development Bank for investment.
In the future, domestic
and international investors need to update the progress when making investment
in the IT sector as well as seizing the investment opportunity, to be able to
enjoy the best incentives that Danang set for IT sector in the city with aim to
develop a green city to attract the investment that need talents in IT.
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