Sci-Tech

Preferential policies designed for Da Nang hi-tech park

The Government has issued a decree on preferential policies for the hi-tech park of the central city of Da Nang.
Preferential policies designed for Da Nang hi-tech park ảnh 1Da Nang hi-tech park (Photo: baodautu)

Hanoi (VNA) – The Government has issued a decree onpreferential policies for the hi-tech park of the central city of Da Nang.

Decree 04/2018/ND-CP clarifies that the city will receive central budgetto implement projects and works in the park as well as national programmes ondeveloping the park.

Each year, if a central budget collection review finds it exceeds the plan,the Government will ask the National Assembly Standing Committee to prioritisecapital for the city to complete infrastructure for the park in 2020.

The Government will also mobilise official development assistance (ODA) forDa Nang to build technology and social infrastructure, public works, trainingand technology application and development centres, and hi-tech enterprise incubator.The city will cover corresponding capital for the projects.

The document also regulates many preferential policies in tax, land use,ground clearance, and credit for firms in the park.

Specifically, along with land use tax exemption for specific cases, the decreealso gives preferential corporate income tax of 10 percent in 15 years for newprojects in the park. Projects with capital from 3 trillion VND will enjoy atax rate of 10 percent in 30 years.

The decree will take effect from February 20.-VNA
VNA
#Da Nang hi-tech park #Da Nang #high technology #corporate income tax #ground clearance #Vietnam #Vietnam news #Vietnam News Aegncy
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