The Da Nang administration has recently adopted Resolution No. 63/2021/NQ-HDND on offering reductions on infrastructure use fees for enterprises financially affected by COVID-19 to lease or sub-lease land in the Da Nang Hi-Tech Park and industrial parks (IPs).

Enterprises that are eligible for the above-mentioned supportive schemes must be operating ones, excluding those that have ceased operations or are undergoing procedures for dissolution and bankruptcy.

In detail, a 50% reduction of infrastructure use fees in 2021 is set for businesses that lease or sub-lease land in the Da Nang Hi-Tech Parks and IPs in the city.

Supportive funds are arranged in the city’s budget expenditure estimates.

Particularly for enterprises operating in the expanded Hoa Khanh and Lien Chieu IPs, the Sai Gon - Da Nang Investment Corporation offers them a 25% subsidy on the use of infrastructure whilst the remaining 25% is supported by the city budget.

Small and medium-sized enterprises are allowed to access loans with a 50% reduction on interest rates from the Da Nang Development Investment Fund to carry out projects in certain aspects prescribed in the Decision No. 1568/QD-UBND dated May 7, 2021 adopted the Da Nang People's Committee

The amount of support is calculated on the total disbursed capital.

The interest rate support period is not more than 24 months from the date of signing the credit contract, with the total disbursed capital receiving the maximum interest rate support not exceeding VND200 billion.
The maximum amount of disbursed capital supported by the maximum interest rate per enterprise is not more than VND10 billion.

Funding for interest rate support comes from the municipal budget and will be included in its annual expenditure estimates.

Reporting by TRIEU TUNG – Translating by A.THU