In a draft decree replacing Decree No. 154/2013/ND-CP dated November 8, 2013, from the government, prepared by the Ministry of Information and Communications (MoIC), certain incentive policies are proposed for concentrated information technology (IT) parks, including lower land rental costs and corporate income tax rates.

MoIC proposed that investment in concentrated IT parks enjoy the same incentives available to concentrated hi-tech parks, as regulated by the Law on Investment.

Projects in building and trading infrastructure in concentrated IT parks will enjoy incentive policies in corporate income tax rates and other support regulated for hi-tech parks under relevant laws and regulations.

Land rental costs and land use fees will also be cut for such projects, in line with the Land Law, and project investors will be able to access preferential credit packages from the State and mobilize capital from other sources, as regulated by the Law on Enterprises and the Law on Credit Institutions, among others.

Furthermore, projects on building and trading infrastructure in concentrated IT parks will be included on the list of projects calling for foreign investment, and can enjoy the same incentives the State offers to hi-tech parks, among many other incentive policies from the government.