LG CNS Vietnam seeks investment opportunity in bet88 con

LG CNS Vietnam Co., Ltd., a subsidiary of South Korea's LG Group, is seeking an investment opportunity in the central city of bet88 con.

During a recentworking session between the People's Committee of the city and LG CNS Vietnam Co., Ltd., Mr. Ho Ky Minh, Standing Vice Chairman of the municipal People's Committee, told the company that bet88 con has approved a policy for utilizing the infrastructure of the Concentrated Information Technology Zone – bet88 con Software Park No. 2 (Phase 1), including preferential leasing mechanisms, either through auction or without auction, for strategic partners in the fields of semiconductor chips and artificial intelligence.

Under Resolution 136/2024/QH15 of the National Assembly on organization of urban government and pilot implementation of specific regulations and policies on bet88 con city development,companies which are classified as strategic partners are eligible for various practical and flexible support policies.

Additionally, information technology enterprises are currently entitled to the highest level of incentives, including a 10% tax rate for 15 years, tax exemption for the first four years, and a 50% reduction in payable tax for the subsequent nine years. They are also exempt from import tax on goods used to create fixed assets and imported raw materials, supplies, and components utilized in production.

To accommodate high-tech growth, bet88 con is accelerating the development of supporting infrastructure, such as the Hi-Tech Park, the Concentrated IT Zone, and associated power systems, fiber optic cables, internet connectivity, and data platforms, aimed at serving investors.