As of 2010, the district had a population of 427,083.[1] The district covers an area of 53.0 km².[1] The district is divided into 11 small subsets which are called wards.
The Vietnamese government has arranged for high speed internet to be wired to the area. The city opened in 2001 and housed 20,000 people in 2010.[3]
Legal Incentives
In order to facilitate use of this resource a number of laws have been set up.
Taxes
Companies are tax-exempt for their first four years after making a profit, and then only charged 50% of their normal taxes for the next nine years after their exemption. Overall taxes for the area are 10% for the first 15 years of the city, and 25% after that. Imported materials used for software production are import-tax free so long as they can not yet be used domestically. Exported software products are export-tax exempt. A Value Added Tax is also waived for exported software and domestically consumed software.[4]
Foreign Workers
Special privileges are available to foreigners who are involved in a city project, particularly in getting visas and in buying or renting houses.[4]
Cloud Service Provider
Another part of the government incentives includes a cloud computing platform for use by local companies.
