The Prime Minister has approved the establishment of the Hanoi Software Technology Park as a concentrated information technology (IT) one in Long Bien district.
Cau Giay concentrated IT park in Hanoi (Photo: ictnews.vn)
Hanoi (VNA) – The Prime Minister has approved the establishment of the Hanoi Software Technology Park as a concentrated information ♎꧑technology (IT) one in Long Bien district.
The park invested by Hanel Company Limited will operate in line with the Law on Enterprise and functions stipulated in the Government’s Decree 154/2013/ND-CP issued in November 2013.
It will also enjoy a number of incentives under the Decree and receive State budget and investment credit loans from the Vietnam Development Bank to build infrastructure in line with the Prime Minister’s master plan on developing concentrated IT parks.
The Decree stipulates the State will support investors of concentrated IP parks to invest in technical infrastructure system such as roads, electricity, clean water, water sewages, and other facilities.
The investors are also helped with land clearance and land lease.
Organisations or businesses implementing new IT investment projects at the parks will enjoy the application of 10 percent corporate income tax within 15 years, as well as tax exemption for four years and 50 percent tax reduction in nine following years.-VNA
The establishment of the concentrated information technology park in Cau Giay district, Hanoi - one of the first three zones of its kind in the country - is on the right path, marking a remarkable turning-point for IT development in the city.
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In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
Cau Giay concentrated IT park in Hanoi (Photo: ictnews.vn)
