What are high-tech zones in Vietnam?

High-tech zones specialize in fields of manufacturing of biotechnology, IT and green technology. They also focus on research and development, personnel training and high-tech trade. For high-tech zones located in “especially difficult socio-economic conditions”, investors thereof enjoy same tax incentives as economic and industrial zones under the same condition. For import tax, a reduced rate is applicable to importation of machinery, equipment, components and raw materials imported to create fixed assets. For export tax, reduced tax rate is also applicable, but varied from zone to zone.