The Ministry of Justice on June 15 printed the appraisal file for the second draft of a Decree detailing and implementing a number of articles of the Law on High Technology.
In this model, the Ministry of Science and Technology (MoST) reviewed and proposed incentive mechanisms and insurance policies on the highest stage to facilitate enterprise investment, analysis, and improvement of science and know-how. The draft goals to promote the expansion of excessive know-how, strategic applied sciences, and strategic technological merchandise.
Notably, Article 44 of the draft stipulates laws on land use charges and land rent to complement incentive insurance policies for exemptions and reductions. Accordingly, the MoST proposed a further incentive: a “total land rent exemption for the entire lease term for strategic technology R&D centers, high-tech R&D centers, and strategic technology enterprises.”
Explaining this proposal, the submission report acknowledged that these facilities are key entities that require prioritized incentive insurance policies and help to conduct analysis and improvement (R&D) actions and manufacture strategic technological merchandise. This transfer is meant to institutionalize the Party’s instructions in Resolution No. 57-NQ/TW concerning “fast and sustainable development, and gradually achieving technological autonomy, especially in strategic technologies.”
However, below present land incentive insurance policies, these facilities will not be but handled equitably in contrast to comparable entities, corresponding to institutes and innovation facilities for the digital know-how business or analysis services of science and know-how enterprises. Therefore, to guarantee coverage consistency and equity between these facilities and company scientific analysis services, and to keep away from negatively impacting investment attraction, the draft provides the aforementioned laws.
Additionally, the draft stipulates a “full land rent exemption for the entire lease term for land areas subleased to investment projects involving high-tech or strategic technology activities.”
For different land areas, the proposal features a 15-year land rent exemption adopted by a 50% discount for the rest of the lease time period (excluding land used for shared infrastructure in high-tech zones as regulated in Clause 5, Article 95 of Decree No. 102/2024/ND-CP, dated July 30, 2024, which gives detailed laws on the implementation of the Land Law).