Government offers support to projects in Hoa Lac Hi-Tech Park
The Government has issued a decree defining special mechanisms and policies for the Hoa Lac Hi-Tech Park in Hanoi, including a 10% corporate income tax in 30 years for new projects with an investment from VND4 trillion (US$176 million).
The decree also clarifies that the Government encourages and backs organisations and individuals to invest in building and developing homes for labourers working in the park through support in tax and land rent, land use fee.
Along with the support, organisations and individuals will enjoy other preferential policies in line with the law when they satisfy all necessary conditions.
For special projects that need to be attracted to the park, the Ministry of Science and Technology shall proposes the Prime Minister decide whether to grant additional investment incentives and support.