According to a decision recently made by the Da Nang People's Committee, the annual land lease rate in the city’s High-Tech Park is 1% of the specific land value.

The decision will take into effect on 25 February, and it is applicable to organisations and individuals that have been permitted to rent land for the deployments of their investment projects in the park.

The above-mentioned percentage rate is applicable for 5 years since the signing of a land lease contract by the Authority of Da Nang’s Hi-Tech Park and Industrial Parks.

It is noticeable that organisations and individuals that have signed land lease contracts with the Authority before the date when the above-mentioned city decision came into effect, still pay the existing rate within the 5-year period.