Page 30 - INVESTMENT INCENTIVE MECHANISMS AND POLICIES

II. REDUCTION IN LAND RENT

1 The land rents and water surface rents shall be reduced in the following cases:

a) A land rent for the land leased by a cooperative to be used as business and
production premises shall be reduced by 50%.
b) A rent for the land or water surface leased to serve the purposes of the production
of agriculture, forestry, aquaculture, and salt making shall be reduced by a
corresponding rate if less than 40% of its yield is damaged by natural calamities or
conflagration; exempted if 40% or more of its yield is damaged in such year.
c) A rent for the land or water surface leased to serve the purposes of production and
business other than the production of agriculture, forestry, aquaculture, and salt
making or the case prescribed in Clause 2 this Article shall be reduced by 50%
during the pause in production and business in the cases of natural calamities,
conflagration, or force majeure events.

2 The land rent of the economic zones and high-tech parks shall be reduced under
the regulations of the Government or the Prime Minister on the investment
incentives with regard to economic zones and high-tech parks.

3 The land rent of investment projects in agriculture and rural areas shall be reduced

under the regulations of the Government on the investment incentives for
agriculture and rural areas.

4 With regard to the construction projects on the headquarters of diplomatic

missions, foreign consular agencies, and representative agencies of international
organizations in Vietnam according to international treaties to which Vietnam is a
State party, the land rent shall be reduced according to the committed agreement
or the principle of reciprocity

LIST OF PROJECTS ATTRACTING INVESTMENT 117