LG CNS Company explores investment environment in Da Nang

Standing Vice Chairman of the City People's Committee Ho Ky Minh (5th from left) with city leaders and representatives of LG CNS Vietnam Co., Ltd. Photo: M.QUE

Standing Vice Chairman of the City People's Committee Ho Ky Minh said that the city has approved the plan to exploit the information infrastructure assets of the Danang Software Park - Software Park No. 2 (phase 1); in which specific regulations are made on the rental price through asset auction or without auction for strategic partners in the fields of semiconductor chips and artificial intelligence.

In case of being a strategic partner of the city according to the provisions of Resolution No. 136/2024/QH15 of the National Assembly on the organization of urban government and piloting a number of specific mechanisms and policies for the development of Da Nang city, enterprises will enjoy many incentives and diverse support.

Currently, enterprises operating in the information technology sector are given the highest incentives: preferential tax rate of 10% for 15 years, tax exemption for 4 years, and 50% reduction of tax payable for the next 9 years. Regarding import tax, enterprises are exempted from import tax on imported goods to create fixed assets; imported raw materials, supplies, and components for production according to the provisions of the law on export tax and import tax.

Da Nang also has the best infrastructure preparation with High-Tech Parks and Concentrated Information Technology Parks in operation, implementing investment policies, along with fiber optic, internet, electricity, data infrastructure... to best serve businesses and investors.

Working session scene. Photo: MQ

According to a representative of LG CNS Vietnam Co., Ltd. (LG Group - Korea), LG CNS provides cloud computing services and solutions to help businesses expand their computing and storage capabilities, provide automation solutions and digitize production processes in the industry; and develop smart city and Internet of Things (IoT) solutions to improve the quality of life and sustainable growth.

In Da Nang, LG CNS is studying investment environment conditions to establish a Research and Development Center at Da Nang Software Park No. 2.

CINNAMON

Source: https://baodanang.vn/kinhte/202504/cong-ty-lg-cns-tim-hieu-moi-truong-dau-tu-tai-da-nang-4004753/