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Aug 05, 2017

Offers various incentives to boost investment in Hanoi Hi-Tech Park

On 20 June 2017, the Government issued Decree 74/2017/ND-CP (Decree 74), which provides some preferential mechanisms and policies for the Hoa Lac Hi-Tech Park (HTP). The Decree introduces various incentives including preferential tax treatment, land use incentives, housing development for employees and favourable conditions for immigration of foreign employees. For example, a new investment project over VND 4 trillion in HTP will be subject to a 10% rate of corporate income tax for 30 years. This Decree took effect as from 5 August 2017.

Type: Promotion and facilitation (Special economic zones)

Industry: Not industry specific