Viet Nam - A Guide for Business and Investment - asean-korea centre

Land rental applied to FDI ProjectsUrban landUS$0.32 – US$13.4 m2/yearNon-urban landUnit: US$/m2/yearType of commune Minimum rate Maximum rate1. Commune with boundary adjoining the inner areas ofHCMC and Hanoi2. Commune with boundary adjoining the inner areas ofVung Tau, Bien Hoa and Hai Phong Cities3. Other regions- In deltas- In midlands- In mountainous regions0.16 1.130.09 1.250.062 0.460.038 0.350.025 0.26Source: Ministry of Natural Resources and EnvironmentLand rental applicable to projects locating in IZ and EPZ:The rent is subject to the agreement between investors and IZ infrastructure development companies dependingon location, facilities, duration of rent and other terms. The following is the typical cost prevailingin 2006 and reflects a number of examples only:Unit: US$/m2/yearLocation Minimum rate Maximum rateSurrounding area of Hanoi Negotiable 1.3Surrounding area of HCM- Land only- Built in factoryOther provinces(Da Nang, Hai Phong, etc.)Office Space RentalInternational class office buildings cost from US$15-34/m2/month, while local standard office costs fromUS$3-16/m2/month in the central business areas inHanoi and Ho Chi Minh City.NegotiableTelephone CostsDomestic CallsInstallation Fee: From VND600,000 to 800,000(including VAT)(Equivalent to approximately US$37.5 to 50)Subscription Fee: VND27,000/month (equivalent toapproximately US$1.7)0.822.5Negotiable 1.18Communication Fee (intra-city, to landline telephone):PART V. INVESTMENT COSTS IN VIETNAMViet Nam - A Guide for Business and Investment 53