LG CNS Vietnam Co., Ltd., a subsidiary of South Korea's LG Group, is seeking an investment opportunity in the central city of Da Nang.

During a recent working session between the People's Committee of the city and LG CNS Vietnam Co., Ltd., Mr. Ho Ky Minh, Standing Vice Chairman of the municipal  People's Committee, told the company that Da Nang has approved a policy for utilizing the infrastructure of the Concentrated Information Technology Zone – Da Nang Software Park No. 2 (Phase 1), including preferential leasing mechanisms, either through auction or without auction, for strategic partners in the fields of semiconductor chips and artificial intelligence.

Under Resolution 136/2024/QH15 of the National Assembly on organization of urban government and pilot implementation of specific regulations and policies on Da Nang city development, companies which are classified as strategic partners are eligible for various practical and flexible support policies.

Additionally, information technology enterprises are currently entitled to the highest level of incentives, including a 10% tax rate for 15 years, tax exemption for the first four years, and a 50% reduction in payable tax for the subsequent nine years. They are also exempt from import tax on goods used to create fixed assets and imported raw materials, supplies, and components utilized in production.

To accommodate high-tech growth, Da Nang is accelerating the development of supporting infrastructure, such as the Hi-Tech Park, the Concentrated IT Zone, and associated power systems, fiber optic cables, internet connectivity, and data platforms, aimed at serving investors.