07:00 30/04/2025

Government proposes land rent fee exemption for digital technology projects

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These projects involving in production of key products such as software, semiconductors and AI products.

The Government has proposed the National Assembly (NA) to exempt and reduce land rent for projects involved in the production of key digital technology products such as software, semiconductors and artificial intelligence (AI).

The Government presented the proposal during at a recent session of the NA Standing Committee.

The policy is also proposed for innovation centers and research institutes, digital technology research and development centers, concentrated digital technology zones, and the National Innovation Centers.

Additionally, the Government proposed a 30 per cent reduction in land rent payable in 2025, with broader application than in 2024. The aim was to support citizens and businesses in developing production and business activities, striving to achieve an economic growth target of 8 per cent in 2025.

After hearing the report, the NASC agreed in principle to allow the Government to issue a decree stipulating additional cases eligible for land use and land rent exemptions and reductions in 2024, and to expand the scope further in 2025.