DECISION OF THE CHAIRMAN
OF THE CITY PEOPLE’S COMMITTEE

 

This Decision setting forth a number of preferential policies and measures for encouraging domestic and foreign economic organizations, social organizations [and] individuals (hereinafter referred to as investors) to invest in the Quang Trung Software Park (the "QTSP").

An investor may decide by itself on an investment project in the Quang Trung Software Park that is suitable to its capability, including in the following fields:

- Scientific research [and/or] personnel training for the information technology industry;

- Production of software products for domestic demand and for export; [and]

- Construction of buildings for use or lease out as facilities for scientific research [and/or] personnel training for the information technology industry, production of software, [and/or] provision of services to those working in the QTSP.

 

 

1. With respect to a domestic investor, when it makes an investment and is in need of using land for constructing its project, it is entitled to choose either of the two following forms:

a. The investor may be allocated land for a long-term and stable use, and shall submit a land use payment once in full in an amount equal to US$15/m² and an annual technical infrastructure maintenance charge in an amount equal to US$0.15/m²/year; [or]

b. The investor may lease land at an annual land rental price equal to US$0.4/m² and an annual technical infrastructure maintenance charge equal to 0.15USD/m²/year. The maximum land lease term is 50 years; upon expiry of the land lease term, an extension thereof will be granted if the investor so requests.

2. With respect to a foreign investor, when it makes an investment and is in need of using land for constructing its project, it may lease land at the same land rental price and land lease term as in the case of domestic investors as stipulated in point b, clause 1, Article 2 of this Decision.

 

1. Submission of land use payment: If an investor chooses the form of land allocation, it has to submit once in full the land use payment to the Tax Department of the City prior to its receipt of the decision on land allocation from the competent authority pursuant to the notice of the Land-Cadastral Department regarding the decision on land allocation has been issued. If the investor fails to submit the land use payment, within a period of 30 days, at the maximum, from the date of receipt of the notice of the Land and Cadastral Department concerning the decision on land allocation has been issued, the competent authority will revoke the decision on land allocation unconditionally.

2. Payment of land rent: If the investor chooses the form of land lease, it has to pay the annual land rent to the Tax Department of the City starting from the date of signing a land lease contract with the Land-Cadastral Department of the City in accordance with the decision on land lease of the competent authority. Land lease rent is paid every six months in an amount equal to 50% of the annual land rent. The land rent shall remain unchanged for a period of 5 years; after the [above] five-year period, if the Government makes an adjustment to increase the land rent, the [extra] amount of land rent that the investor will have to pay will not exceed 15% of the amount of land rent under the contract signed at the time of the land lease.

3. Payment of the technical infrastructure maintenance charge: The technical infrastructure in the QTSP includes transportation systems, water drainage, waste treatment, parks, etc., managed by the Quang Trung Software Park Development Company, for common use by the investors therein. Investors who use land or buildings therein must pay the technical infrastructure maintenance charge in an amount equal to US$0.15/m²/year for the entirety of the land area or building area in use. This annual technical infrastructure maintenance charge shall be paid to the Quang Trung Software Park Development Company every six months in an amount equal to 50% [of the annual amount].

With respect to the existing working building blocks managed by the Quang Trung Software Park Development Company (which have been repaired and/or upgraded and equipped with electricity, water, air conditioners and Internet lines), the rental price is US$2/m²/month.

With respect to a building block invested by an investor using a capital source not originating from the State budget, the investor can decide by itself on the rental price therefor.

- This Decision enters into force after 15 days from the date it is signed.

- The Chief of Office of the People’s Committee, Directors of relevant Departments, Offices and Branches, Chairman of the People’s Committee of District 12, Director of the QTSP Development Company and investors in the QTSP are responsible for implementing this Decision.