- published: 27 Feb 2015
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District 12 (Vietnamese: Quận 12) is an urban district (quận) of Ho Chi Minh City, the largest city in Vietnam.
As of 2003 the district had a population of 239,610. The district covers an area of 53 km².
The goal of the city is to offer a living and workplace to people particularly interested in software development as an economic incentive system to spur the growth of the software industry in Vietnam. It is sponsored by the Japan External Trade Organization and United States Agency for International Development
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.
In order to facilitate use of this resource a number of laws have been set up.
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.