High-tech zones contribute many practical values to the development of science, technology and the Vietnamese economy. So what is a high-tech zone, and what industries are encouraged to invest in high-tech zones?
What is a high-tech park?
A high-tech park is a multi-functional economic-technical zone with defined boundaries, established by decision of the Prime Minister, for the purpose of researching, developing and applying high technology, incubating high-tech enterprises, training high-tech human resources and manufacturing and trading high-tech products. In a high-tech park, there may be export processing zones, bonded warehouses, tax-free zones and residential areas. According to Clause 3, Article 2, Chapter 1 of the Regulations on High-tech Zones.
List of high-tech industries prioritized for investment and development
The list of high technologies prioritized for investment and development and the list of high-tech products encouraged for development have been listed in great detail in Decision No. 38/2020/QD-TTG of the Prime Minister dated December 30, 2020.
Incentives enjoyed by businesses in high-tech parks
Incentives in high-tech zones are the content that investors are often interested in. Understanding these incentives, investors will build more effective financial plans and operating roadmaps for their businesses. According to Decree No. 99/2003/ND-CP dated August 28, 2003 of the Government, businesses will enjoy the following incentives:
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Prioritize capital allocation and investment budget to build high-tech zones and external technical infrastructure items directly serving the operation of high-tech zones.
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Organizations, businesses and individuals are treated equally and given the best development conditions when investing in high-tech zones.
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Enterprises are protected in terms of ownership of investment capital, patents, assets, etc.
In particular, enterprises investing in the technology park also enjoy preferential tax policies. Enterprises in the high-tech park will enjoy a preferential tax rate of 10%; corporate income tax exemption and reduction up to 50%. In addition, enterprises will be exempted from import tax if they meet the regulations under Decision No. 10/2021/QD-TTg on Regulations on criteria for determining high-tech enterprises issued by the Prime Minister on March 16, 2021.
Some high-tech parks in Vietnam
Vietnam owns 3 high-tech zones, which play a big role in the economic and scientific development of the country. Let's name the 3 high-tech zones: Ho Chi Minh City, Hoa Lac and Da Nang.
Ho Chi Minh City Hi-Tech Park
Ho Chi Minh City Hi-Tech Park (SHTP) possesses outstanding strengths with a strategic geographical location and great potential for economic development.
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Located at the intersection of major highways: SHTP is 15km from the city center, Tan Son Nhat airport is 18km and Cat Lai port is nearly 15km.
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Located in the key economic zone of the South: Concentrating more than 40 industrial parks and export processing zones.
Ho Chi Minh City Hi-Tech Park has become an ideal investment place for domestic and foreign enterprises thanks to its prime location.
Ho Chi Minh City Hi-Tech Park focuses on promoting projects that use clean, environmentally friendly energy. The areas attracting investment here are:
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Precision mechanics – Automation.
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Microelectronics – Information Technology – Telecommunications.
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Biotechnology in pharmaceuticals and environment.
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New energy – New materials – Nanotechnology.
Hoa Lac High-Tech Park
Hoa Lac High-Tech Park was established with the goal of being the center of the country's "science and technology satellite city".
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Located in a strategic area: About 30km from Hanoi Capital.
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Convenient geographical location for trade: About 100km from Hai Phong port, Cai Lan port, about 60km from Noi Bai international airport.
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Convenient for connecting and attracting human resources: Urban railway project No. 5, bus routes No. 107 and 74 connecting the high-tech park with the capital.
The fields that are attracting investment in Hoa Lac High-Tech Park are:
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Research and production: Automation technology, materials technology, biotechnology, information technology.
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Infrastructure development.
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Finance and investment.
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Business and commerce.
Danang High-Tech Park
Da Nang High-Tech Park has an area of 1128.40 hectares, located in Hoa Vang district, Da Nang city, this geographical location is extremely strategic because:
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Location connecting key economic zones in the Central region: Located on the Da Nang - Dung Quat and Da Nang - Quang Ngai expressways.
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The high-tech park is 17km from Da Nang International Airport, 22km from the city center and 25km from the port.
Da Nang High-Tech Park has many policies and investment incentives for businesses. The fields and industries that are attracted here are:
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Biotechnology in agriculture, aquaculture and medicine.
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Micro, mechanical, optoelectronic technology.
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Information technology, communications, informatics.
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Environmental technology, serving petrochemicals.
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Automation technology and precision mechanics.
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New materials and energy technology.
According to VKI
https://vki.vn/khu-cong-nghe-cao-va-danh-muc-nganh-nghe-cong-nghe-cao-duoc-uu-tien-dau-tu/