In a strategic move to position Vietnam as a global hub for high-tech innovation, the government has issued Decree No. 182/2024/NĐ-CP on 31st December 2024[1], which establishes the framework for the investment support fund. Effective on January 1, 2025, this fund aims to foster investment in key technological areas, particularly semiconductors and artificial intelligence (AI).

Subjects and Categories Eligible for Investment Support

The Investment Support Fund serves as a crucial tool to foster research and development (R&D) within companies, encouraging further investment in high-tech sectors. Additionally, it aims to promote enterprise investment and development in the fields of AI and semiconductors. This initiative represents a significant milestone in Vietnam’s socio-economic and development strategy. Managed by designated government agencies, the fund operates with transparency, efficiency, and alignment with national priorities, ensured through regular audits and oversight.

The beneficiaries of this policy include: (1) High-tech enterprises; (2) Enterprises with investment projects in the production of high-tech products; (3) Enterprises implementing projects that apply high technology; (4) Enterprises with investment projects for R&D centers.

Investment Support Fund

来源： Decree No. 182/2024/NĐ-CP

Moreover, the level of support funding will vary depending on each company’s expenditure, with stricter conditions required to qualify for higher levels of funding. These initiatives are also tied to requirements for reporting, financial management, accounting, auditing, and compliance with applicable regulations. By supporting enterprises in these sectors, the government aims to strengthen domestic production of high-tech products, attract foreign investment in advanced technologies, and create high-skilled jobs, ultimately enhancing economic resilience.

结论

Decree No. 182/2024/NĐ-CP marks a significant step in Vietnam’s journey toward technological self-reliance and global competitiveness. With its clear focus on semiconductors and AI, this decree solidifies Vietnam’s commitment to innovation and economic growth. Enterprises and investors alike are poised to benefit from the country’s visionary policies, ensuring a bright future for Vietnam’s high-tech ecosystem.

[1] Thu Vien Phap Luat (2024). Decree No. 182/2024/NĐ-CP: Vietnam Investment Support Fund <使用权>

[2] Supported costs: Long-term, short-term training domestically or abroad; other training and workforce development expenses, salaries for Vietnamese engineers and managers; Costs for implementing training, research, and business incubation programs for Vietnam at universities, innovation centers, and enterprises

[3] Social Infrastructure include: Social housing for workers to rent, schools, daycare centers, medical facilities, cultural establishments, and sports facilities

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