Da Nang introduces rent exemptions for public assets

Da Nang has introduced new regulations regarding the exemption and reduction of rent for public assets to optimize resource use and support specific priority groups. The policy applies to public houses and land not used for residential purposes that are managed and exploited by local authorities.

Key beneficiaries include:

- Organizations assigned by the Party and State to use houses as headquarters may receive a 100% rent exemption. - Socialized entities in education, training, vocational training, health, culture, sports, and the environment are eligible for a reduction equivalent to 100% of the land rent component. - Cooperatives and unions using premises for headquarters, warehouses, or product displays may receive a 50% reduction in the land rent component. - Small and medium-sized enterprises (SMEs), innovative businesses, and supporting industries are eligible for rent reductions to stimulate private sector economic growth.