Investment in Hi-Tech, IT, software industries in Da Nang, Viet Nam

Investment in Hi-Tech, IT, software industries in Da Nang, Viet Nam

DMS Law firm service covers advice about applicable legal framework in Vietnam for foreign investor in Hi-Tech, IT, software industries and implementation of registration and other administrative procedures

Da Nang is a good destination for investment in Hi-Tech, Information Technology

Da Nang is targeting one of the large economic centers of Vietnam and the Southeast Asia, directing as a Science and Technology Center, a smart city (Source: Decision No. 393/QĐ-TTg dated March 18, 2020: Approval of adjusted master plan of economic - social development of Da Nang city to 2020, vision to 2030).

Da Nang city is ready to attract the new wave of foreign direct investment (FDI) in the post Covid-19 period. The city prefers to attract FDI inflows to Hi-Tech activities, Information Technology.

Hi-Tech activities mean the research, development, seeking, transfer and application of high technologies (Article 3, Law on High Technologies No.21/2008/QH12, dated November 13, 2008).

Information Technology (IT) means a combination of scientific and technological methods and modern technical tools for the production, transmission, collection, processing, storage and exchange of digital information (Article 4, Law on Information Technology, dated June 29, 2006). Examples: Software products and services, digital products, information security services.

Da Nang invests heavily in infrastructure for Hi-Tech and IT to establish itself a good destination for investment, such as: Da Nang Hi-Tech Park, Da Nang Software Park, Da Nang IT Park.

Da Nang Hi-Tech Park is located in Hoa Lien and Hoa Ninh communes, Hoa Vang district. It is aiming to attract hi-tech resources, a destination for both domestic and foreign investors, to promote the science and technology development of Da Nang city and the central region of Vietnam. Da Nang Hi-Tech Park offers land rental exemption or land lease preferential price prescribed in Decree No. 04/2018/ND-CP dated January 04, 2018 by the Government and Decision No.12-2019/QD-UBND dated February 14, 2019 by Da Nang People’s Committee.

Da Nang Software Park consists of two buildings located in Thach Thang ward, Hai Chau district, in the city’s downtown. It is equipped with IT and telecommunication infrastructure to offer office lease to software companies, digital companies.

Also, the city is continuing to establish the second Software Park at Thuan Phuoc ward, Hai Chau district and Da Nang IT Park in Hoa Lien commune, Hoa Vang district.

The Hi-Tech and IT human resource in Da Nang consists of the existing work force and the fresh supply from various Universities, Colleges, ICT training centers, vocational training centers, such as: Da Nang university: Faculty of Information and Communication Technology, University of Science and Technology, FPT university, FPT Polytechnic Da Nang, Aptech Computer Education, etc.

Tax incentives for investments in Hi-Tech, IT, Software 

Business lines eligible for special investment incentives in Vietnam

Business lines eligible for investment incentives in Vietnam

DMS Law firm service for foreign investor in Hi-Tech, IT, Software in Da Nang, Vietnam

If you are foreign investor planning to invest, set up business in Hi-Tech, IT, software industries in Da Nang city, it would be to your advantage to approach DMS Law firm service at the beginning stage.

DMS Law firm service covers advice about applicable legal framework in Vietnam for foreign investor in Hi-Tech, IT, software industries and implementation of registration and other administrative procedures on behalf of client.   

Our attorney and chartered certified accountant will recommend form of investment (LLC or joint-stock company, 100% FDI company or partly foreign owned company, BCC…), select Central Product Classification codes, for examples: R&D services on natural sciences (CPC 851), Computer and Related Services (CPC 841-845, CPC 849…), advise on tax and other investment incentives available to foreign investor in Hi-Tech, IT sector in Da Nang city, Vietnam.

For Consultancy:

Call: +84 989 157 682 or Email: dmslawfirm@gmail.com

Investment in Hi-Tech, IT, software industries in Da Nang, Viet Nam

Prepared by:
Thi-Ha Nguyen, ACCA
DMS Law firm in Vietnam
Director
(Signed)
Lawyer Do Minh Son

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