HANOI, Nov. 22 (Xinhua) -- The Vietnamese government has approved a pilot project on constructing such establishments as schools, hospitals, cultural venues and sport facilities, and leasing them to private organizations and individuals, local newspaper Vietnam News reported Thursday.

    The government will offer incentives relating to land rental, land tax and corporate income tax to investors from different economic sectors who build the establishments that will be available for long term lease.

    Hanoi capital and southern Dong Nai province will implement the pilot project, under which each locality is authorized to build a pre-school with ten classes, a junior high school with 20 classrooms, a health clinic to provide medical checks for 100 people a day, and a 100-bed hospital.

    The domestic demand for leasing such social infrastructure works as schools and hospitals by companies engaged in health, education, training, cultural and sports sectors is growing along with Vietnam's economic growth.

    The investment for building the works is high, while it faces slow capital return, the newspaper said.