Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
Issue 1 - Jan/Feb/Mar 2024
 

Enactment of New Regulations on High-Tech Parks (Decree 10/2024/ND-CP)

On 1 February 2024, the Government passed Decree 10/2024/ND-CP on regulations on high-tech parks ("New Decree"), replacing the decree on the same subject (Decree 99/2003/ND-CP) passed over 20 years ago. The New Decree came into effect from 25 March 2024.


The New Decree provides new regulations on the establishment and expansion of high-tech parks, as well as incentives and support policies for investors in this field. For example, investors will be entitled to land lease fee exemptions, reimbursements for land clearance costs, and preferential policies in access to capital.


As a comprehensive regulation on high-tech parks, the decree also sets out details concerning the conditions, requirements and procedures that investors need to comply with when establishing high-tech parks in Vietnam.



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

Rajah & Tann LCT Lawyers
Ho Chi Minh City Office
Saigon Centre, Level 13, Unit 2&3
65 Le Loi Boulevard, District 1
HCMC, Vietnam

Hanoi Office
Lotte Center Hanoi - East Tower
Level 30, Unit 3003, 54 Lieu Giai Street., Ba Dinh Dist.,
Hanoi, Vietnam
http://vn.rajahtannasia.com


Contacts:

Dr Chau Huy Quang
Managing Partner
D +84 28 3821 2382
F +84 28 3520 8206
quang.chau@rajahtannlct.com

Vu Thi Que
Partner/Chairwoman
D +84 28 3821 2382
F +84 28 3520 8206
que.vu@rajahtannlct.com

Lim Wee Hann
Executive Committee Member
D +65 62320606
wee.hann.lim@rajahtann.com

Rajah & Tann Asia is a network of legal practices based in Asia.

Member firms are independently constituted and regulated in accordance with relevant local legal requirements. Services provided by a member firm are governed by the terms of engagement between the member firm and the client.

This update is solely intended to provide general information and does not provide any advice or create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on this update.