The decision is applicable to individuals and organizations that have been permitted to rent land for implementing their investment projects in hi-tech park. It will take effect on Feb 25.
The land lease rate of 1% of land value is valid for 5 years from the day of signing land lease contract by the Authority of Da Nang’s Hi-Tech Park and Industrial Parks.
However, for individuals and organizations that have signed land lease contracts with the Authority before the date when the above-mentioned city decision come into effect, the existing rate will continue to be applied for 5 years.