Investment Incentives for high-tech enterprises in Danang.
In addition to tax exemptions and reductions, enterprises are also entitled to preferential treatment for immigration procedures for investors, experts and workers.
Recently, the Industrial Revolution 4.0 has created many opportunities for businesses operating in high tech and supporting hi-tech industries. In order to encourage businesses to develop, the local authority has also set incentives for enterprises in the field of high-tech production and related supporting manufacturing, especially tax preferential policies.
Specifically, the income tax rate of technology enterprises in Da Nang Hi-tech Park applies 10% for a period of 15 years, for new investment projects. Particularly, new investment projects with capital of 3 trillion VND or more that have a preferential tax rate of 10% for a period of up to 30 years. Technology enterprises also enjoy income tax exemption for 4 years and a 50% reduction of payable tax for the next 9 years.
A plant at Danang Hi-tech Park.
Enterprises will be exempt from tax on imported goods to create fixed assets in high-tech park projects such as machinery, components, transport means, construction materials ... which is applied to the entire project, both for new and expanded investment projects. Besides, enterprises also enjoy exemption from import duty within 5 years from the start of production for domestic materials, supplies and components which have not been produced locally, which imported for the purpose of investment into high-tech zones.
In addition, investors, experts and workers who are Vietnamese residing abroad, as well as foreigners working directly in high-tech zones and their family members are considered to be granted multiple entry visas with the appropriate deadline for entry purposes.
Da Nang - the first high-tech park in Central Vietnam and the third national multi-functional high-tech zone. With a strategic geographical position that adjacents to 6 industrial parks in Danang and central economic zones, located on the gateway to the East-West economic corridor, the Hi-tech Park aims to become a driving force for the development of Science – Technology, Economy - Society of the Central region and Central Highlands in particular, of nationwide in general.
Da Nang hi-tech park is just 5km away from Lien Chieu port, 25km from Tien Sa port, 17km from International airport and 22km from Da Nang city center, enterprises operating here has easy business development, convinient goods circulation, as well as workforce attraction.
Recently, Long Hau Joint Stock Company (LHC - in the top 9 best Vietnamese enterprises in 2017) has just construct the Ready-Built Factory in Da Nang Hi-tech Park. LHC representative said that the project quickly received the attention of manufacturing enterprises in the field of high technology and supporting industries in the region.
The factory model is designed according to modern standards, full office and equipment system, with a flexible area of 500-3,300m2. In addition, Long Hau also provides a full range of support services throughout the operation of enterprises in Da Nang, based on the experience and capabilities that Long Hau has implemented over the past 12 years.
"With the advantage of the experience of developing industrial park infrastructure and attracting previous FDI of LHC, Long Hau high-tech Ready Built factory - Da Nang will be the option to fully meet the needs of investors, helping investors save time and costs, quickly go into production and business activities, "said Bui Le Anh Hieu – Director of Long Hau Joint Stock Company in Da Nang Branch.
