Enacts Decree Establishing Investment Support Fund for High-Tech Enterprises, Products
31 Dec 2024
On December 31, 2024, Viet Nam issued Decree No. 182/2024/NÐ-CP (Decree 182) on the establishment of the Investment Support Fund. The new decree provides a legal framework for government investment support targeting enterprises operating in the high-tech sector and those undertaking investment projects in research and development (R&D) centers. Effective from December 31, 2024, the decree applies to fiscal years starting from 2024 onward.
The fund provides cash grants or subsidies for enterprises in eligible sectors, covering costs such as human resource development, R&D, fixed asset investments, and high-tech manufacturing. Financial support is also available for initial investment in R&D centers for semiconductors and AI. Support is provided for up to 5 years, extendable by the Prime Minister.
Eligibility criteria include minimum capital investment, annual project revenue, or employment targets. High-tech projects require at least VND 12,000 billion ($470 million) in capital or VND 20,000 billion ($790 million) in annual revenue. Microchip design projects are exempt from capital and revenue requirements but must employ at least 300 Vietnamese engineers and train 30 high-quality engineers annually within 5 years.
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Promotion and facilitation (Investment incentives)
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