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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.

Content provided by Picture: HKTDC Research
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