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| The 2024 Vietnam AI Day held on August 23 in Hanoi__Photo: VNA |
Businesses engaged in semiconductor and AI research and development (R&D) projects will receive support of up to 50 percent of initial investment costs if meeting requirements specified in Decree 182 dated December 31, 2024.
Under the Decree, businesses eligible for support must have no tax or budget-related debts. Their R&D investment projects must positively impact the innovation ecosystem and contribute to the development of groundbreaking technologies and products for Vietnam.
The R&D center projects must also align with the list of prioritized high-tech industries and require a minimum investment capital of VND 3 trillion (USD 117.78 million), with at least VND 1 trillion disbursed within three years of receiving the investment decision.
Beyond the exclusive support for semiconductor and AI giants, other tech enterprises are also eligible for general assistance. These include high-tech enterprises, firms with high-tech product manufacturing projects and those investing in R&D centers or applying advanced technology.
General support includes funding for training and workforce development, R&D costs, fixed asset investments, high-tech product manufacturing and infrastructure development. Other cases are decided by the Government.
The Investment Support Fund is a national fund managed by the Ministry of Planning and Investment. It is tasked with receiving, managing and using the State budget and other legal resources to provide financial aid to businesses.- (VLLF)
