Overseas Vietnamese investing in IT favoured in house purchases
VietNamNet Bridge 鈥?Overseas Vietnamese who invest in or participate in IT activities in Vietnam will be given favourable conditions to buy houses and land under the national laws on land and housing.
According to the circular guiding the implementation of some articles of the Law on Information Technology, organisations and individuals investing in IT will be allowed to enjoy preferences on land use tax and their products will enjoy the highest preferences on value added tax and export tax. The State will give priority of investment to agencies participating in research and development of key IT projects. The circular says that IT zones with clear geographical borders must have at least 300 workers and at least 500 for those located in Hanoi and HCM City.
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