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Consultant of Business Law in Vietnam
What is the Concentrated Information Technology Park ?
The concentrated information technology park means a zone concentrating
activities of research ¨C development, training, production of and trading in
information technology products and services, infrastructure provision, information
technology service provision for organizations, enterprises and other activities related
to information technology.
Support and preferences for organizations and enterprises operating in
the Concentrated Information Technology Park
Organizations and enterprises performing new investment projects in
the information technology field at the concentrated information technology parks are
enjoyed the following supports and preferences
1. To be entitled to select form of land assignment with collection of land levies,
renting ground or subleasing land which has been built the infrastructure as prescribed
by law;
2. To be applied the tax rates of enterprise income tax of 10% for 15 years, exempted
tax 04 year, reduced 50% of the payable tax for 09 next years for enterprise incomes
from implementation of new investment projects at the concentrated information
technology park. For enterprises established newly from investment projects in the
information technology field with big scale, and need special investment attraction,
duration applied the preferential tax rates may be prolonged but total duration applied
tax rate of 10% does not exceed 30 years. The Prime Minister shall decide the
expansion of duration applied the preferential tax rate of 10% as prescribed at this
Clause at request of Minister of Finance;
3. To be exempted import tax for goods imported to create fixed assets and serve for
production of information technology products and services of enterprises, including:
a) Equipment and machinery;
http://www.b-contract.com
Consultant of Business Law in Vietnam
b) The special-use means of transport in the technological chain that cannot be
produced domestically; means of transport for workers including automobiles of 24
seats or more, and means of waterway transport;
c) Components, details, separate parts, spare parts, fittings, molds and accessories
enclosed to assemble synchronously with special-use equipment, machinery, and
means of transport specified at point a and point b above;
d) Raw materials, supplies that cannot be produced domestically, used for
manufacture of equipment, machinery placed in technological chains or for
manufacture of components, details, separate parts, spare parts, fittings, molds and
accessories enclosed to assemble synchronously with equipment, machinery specified
at point a of above;
dd) Construction supplies that cannot be produced domestically.
4. To be enjoyed preferences of export tax for information technology products and
services as prescribed by law;
5. To be facilitated for customs procedures in course of export and import of
machinery, equipment and information technology products and services;
6. To be enjoyed preferences on investment credit and export credit of State, the
national fund for science and technology development and other credit institutions as
prescribed by law;
7. To be enjoyed other incentive policies of State applicable to enterprises operating in
the hi-tech parks. If an enterprise is subject to be enjoyed many preferential levels as
prescribed by law, it will be applied the highest preferential level.
Detail information, please contact with:
Ms. Thanh Loan
Add: Kim Ma street, Hanoi City, Vietnam
Email: thanhloan.businesslaw@gmail.com
Website: www.b-contract.com

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  • 1. http://www.b-contract.com Consultant of Business Law in Vietnam What is the Concentrated Information Technology Park ? The concentrated information technology park means a zone concentrating activities of research ¨C development, training, production of and trading in information technology products and services, infrastructure provision, information technology service provision for organizations, enterprises and other activities related to information technology. Support and preferences for organizations and enterprises operating in the Concentrated Information Technology Park Organizations and enterprises performing new investment projects in the information technology field at the concentrated information technology parks are enjoyed the following supports and preferences 1. To be entitled to select form of land assignment with collection of land levies, renting ground or subleasing land which has been built the infrastructure as prescribed by law; 2. To be applied the tax rates of enterprise income tax of 10% for 15 years, exempted tax 04 year, reduced 50% of the payable tax for 09 next years for enterprise incomes from implementation of new investment projects at the concentrated information technology park. For enterprises established newly from investment projects in the information technology field with big scale, and need special investment attraction, duration applied the preferential tax rates may be prolonged but total duration applied tax rate of 10% does not exceed 30 years. The Prime Minister shall decide the expansion of duration applied the preferential tax rate of 10% as prescribed at this Clause at request of Minister of Finance; 3. To be exempted import tax for goods imported to create fixed assets and serve for production of information technology products and services of enterprises, including: a) Equipment and machinery;
  • 2. http://www.b-contract.com Consultant of Business Law in Vietnam b) The special-use means of transport in the technological chain that cannot be produced domestically; means of transport for workers including automobiles of 24 seats or more, and means of waterway transport; c) Components, details, separate parts, spare parts, fittings, molds and accessories enclosed to assemble synchronously with special-use equipment, machinery, and means of transport specified at point a and point b above; d) Raw materials, supplies that cannot be produced domestically, used for manufacture of equipment, machinery placed in technological chains or for manufacture of components, details, separate parts, spare parts, fittings, molds and accessories enclosed to assemble synchronously with equipment, machinery specified at point a of above; dd) Construction supplies that cannot be produced domestically. 4. To be enjoyed preferences of export tax for information technology products and services as prescribed by law; 5. To be facilitated for customs procedures in course of export and import of machinery, equipment and information technology products and services; 6. To be enjoyed preferences on investment credit and export credit of State, the national fund for science and technology development and other credit institutions as prescribed by law; 7. To be enjoyed other incentive policies of State applicable to enterprises operating in the hi-tech parks. If an enterprise is subject to be enjoyed many preferential levels as prescribed by law, it will be applied the highest preferential level. Detail information, please contact with: Ms. Thanh Loan Add: Kim Ma street, Hanoi City, Vietnam Email: thanhloan.businesslaw@gmail.com Website: www.b-contract.com