SECTION II Investment in Information Technology Article 61 Investment of organizations and individuals in information technology 1. The State encourages organizations and individuals to invest in information technology application activities in order to reform socio-economic management, to renew technology and to improve competitiveness of products. 2. The State encourages and protects the legitimate rights and interests of domestic organizations and individuals, overseas Vietnamese, and foreign organizations and individuals investing in information technology. 3. Investment items of enterprises in information technology application and development and the following expenses shall be excluded upon calculation of taxable income in accordance with the Law on Corporate Income Tax: (a) [Expenses for] establishing schools or providing information technology training courses in enterprises; (b) [Expenses for] sending trainees to learn new technologies aimed at servicing requirements for information technology application and development of enterprises. Article 62 State investment in information technology 1. Investment in information technology is development investment. 2. The State shall prioritize the arrangement for a budget for information technology, and shall ensure that the annual increase rate of budget expenditure for information technology shall be higher than the increase rate of State budget expenditure. The budget for information technology must be managed and used efficiently. 3. The Government shall promulgate appropriate regulations on investment management in respect of projects for information technology application using investment capital originated from the State budget. 4. The State Budget Index shall have a separate item of expenditure for information technology. Article 63 1. Investment for the cause of information technology application and development Expenses from the State budget for the cause of information technology application and development shall be used for the following purposes: (a) Universalizing information technology application and supporting efficient projects for information technology application; (b) Developing digital information sources; (c) Establishing national databases and databases of ministries, branches and localities; (d) Building information infrastructure for servicing public purposes and State bodies; © Allens Arthur Robinson - Vietnam Laws Online Database on www.vietnamlaws.com 24