High-tech zones and high-tech industries are prioritized for investment
High-tech zones contribute significantly to the development of science, technology, and the economy in Vietnam. So, what exactly are high-tech zones, and which industries are encouraged to invest in them? Let’s explore through the following article with VKI.
Mục lục
What is a high-tech zone?
A high-tech zone is a multifunctional economic-technical area with defined boundaries, established by the Prime Minister, aimed at researching, developing, and applying high technology, nurturing high-tech enterprises, training high-tech human resources, and manufacturing and trading high-tech products. Within a high-tech zone, there may be export processing zone, bonded warehouses, tax-free zones, and residential areas. As stipulated in Article 2, Chapter 1 of the Regulations on High-Tech Zones.
The prioritized investment and development of high-tech industries
The list of high-tech industries prioritized for investment and development, as well as the list of high-tech products encouraged for development, has been detailed in the Decision No. 38/2020/QD-TTg issued by the Prime Minister on December 30, 2020. Let’s explore the detailed content through the attached file with VKI.
The incentives enjoyed by enterprises within high-tech zones
The incentives within high-tech zones are often of great interest to investors. Understanding these incentives allows investors to develop more effective financial plans and operational strategies for their businesses. According to Decree No. 99/2003/ND-CP dated August 28, 2003, issued by the Government, enterprises are entitled to several incentives, including:
- Priority in allocating capital and investment budgets to build high-tech zones and associated technical infrastructure directly serving high-tech zone activities.
- Equal treatment and favorable conditions for development for all organizations, enterprises, and individuals investing in high-tech zones.
- Businesses are protected by intellectual property rights for their investments, patents, and assets.
Furthermore, enterprises investing in high-tech zones also benefit from tax incentives. Enterprises within high-tech zones are eligible for a preferential tax rate of 10% and a 50% reduction or exemption from corporate income tax. Additionally, enterprises may be exempt from import taxes if they meet the requirements outlined in Decision No. 10/2021/QD-TTg regarding criteria for determining high-tech enterprises, issued by the Prime Minister on March 16, 2021.
Some high-tech zones in Vietnam.
Vietnam currently possesses three high-tech zones, playing a significant role in the country’s economic and scientific development. Let’s name the three high-tech zones: Ho Chi Minh City, Hoa Lac, and Da Nang
Ho Chi Minh City High-Tech Park
Ho Chi Minh City High-Tech Park (SHTP) boasts outstanding strengths with its strategic geographical location and immense economic development potential.
- Situated at the intersection of major expressways: SHTP is located 15km from the city center, 18km from Tan Son Nhat International Airport, and approximately 15km from Cat Lai Port.
- Located within the key economic region of the South: With over 40 industrial parks and export processing zones concentrated in the area.
Ho Chi Minh City High-Tech Park has become an ideal investment destination for both domestic and foreign enterprises due to its prime location.
Ho Chi Minh City High-Tech Park (SHTP) is actively promoting projects focusing on the use of clean and environmentally friendly energy. The sectors attracting investment here include:
- Precision mechanics – Automation.
- Electronics – Information technology – Telecommunications.
- Biotechnology in pharmaceuticals and the environment.
- New energy – New materials – Nano-technology.
Hoa Lac High-Tech Park
Hoa Lac High-Tech Park was established with the aim of becoming the center of the country’s “science and technology satellite city”.
- Located in a strategic area: Approximately 30km from the capital city Hanoi.
- Convenient geographical location for trade: About 100km from Hai Phong Port, Cai Lan Port, and approximately 60km from Noi Bai International Airport.
- Convenient for connectivity and attracting human resources: The urban railway project No. 5, bus routes No. 107 and 74 connect the high-tech park with the capital city.
The sectors currently attracting investment in Hoa Lac High-Tech Park include:
- Research and manufacturing: Automation technology, materials technology, biotechnology, information technology.
- Infrastructure development.
- Finance and investment.
- Business and commerce.
Da Nang High-Tech Park
Da Nang High-Tech Park spans an area of 1128.40 hectares, located in Hoa Vang District, Da Nang City. Its geographical location is highly strategic because:
- It connects key economic zones in Central Vietnam: Situated along the Da Nang – Dung Quat expressway, and the Da Nang – Quang Ngai expressway.
- The high-tech park is 17km away from Da Nang International Airport, 22km from the city center, and 25km from the port.
Da Nang High-Tech Park offers numerous investment incentives and policies for businesses. The sectors and industries attracting investment here include:
- Biotechnology in agriculture, aquaculture, and healthcare.
- Microelectronics, mechanics, and optoelectronics.
- Information technology, telecommunications, and computing.
- Environmental technology, serving the oil and gas industry.
- Automation technology and precision mechanics.
- Materials technology and new energy.
These are insights from VKI regarding Da Nang High-Tech Park along with information about the sectors attracting investment. If investors are interested in renting factory space in leading high-tech parks in Vietnam, please leave your information or contact the hotline/Zalo 0967413186 for immediate assistance!
