27 June 2017
VIETNAM: Low Tax and Land Use Incentives Offered to Boost FDI in Hanoi High-Tech Park
Prospective investors in the Hoa Lac Hi-Tech Park are being wooed with the offer of a 10% corporate income tax (CIT) rate for up to 30 years. In order to qualify, companies need to commit to a project worth at least VND 4 trillion (US$176 million) within the precincts of the park, set just outside Hanoi. Any such investors will also qualify for a number of additional incentives, including concessions on rents and land use fees related to on-site accommodation for workers.
As of March 2017, the 15.86 sq km park had attracted total investment capital of more than VND 61 trillion across its 79 FDI projects.