Vietnam<\/a>‘s primary economic hub, boasts proximity to the city’s abundant workforce, vital ports, and airports.<\/p>\nThe municipal authority is diligently advancing the development of industrial parks and high-tech zones in alignment with city directives. This includes ongoing initiatives like the transformation of Danang Industrial Park into the An Don commercial center, and the establishment of a commercial center within the Danang aquaculture service industrial park.<\/p>\n
The Danang High-Tech Park and Industrial Zones Authority (DHIPIZA) offers attractive incentives, including low land lease fees and a favorable corporate income tax (CIT) policy. Businesses enjoy a low CIT rate of 10% for an initial 15-year period from their first year of revenue generation. Furthermore, they benefit from a four-year tax exemption starting from the first year of taxable income, followed by a subsequent nine-year tax reduction of 50%.<\/p>\n
As the third-largest city in Vietnam, Danang holds a strategic advantage due to its central coastal location, making it a magnet for alternative investments. The city’s business-friendly policies further enhance its appeal.<\/p>\n
By 2023, Danang had successfully attracted 515 projects to its high-tech park and industrial zones, including 128 foreign-invested ventures with a combined registered capital of nearly $2 billion.<\/p>\n\n