27/02/2025 11:54
Support up to 10,000 billion VND to build the first factory to serve research, training, and semiconductor chip production
On February 19, 2025, the National Assembly officially passed a Resolution on piloting a number of special mechanisms and policies to create breakthroughs in science, technology, innovation and national digital transformation.
With the majority of delegates in favor, this Resolution has contributed to laying the foundation for the development of the semiconductor industry in Vietnam, especially providing financial support for the project to build the first chip manufacturing factory.
According to the Resolution, Vietnamese enterprises investing in the construction of the first factory project selected to manufacture small-scale, high-tech chips for research, training, design, trial manufacturing, technology verification and production of specialized semiconductor chips in Vietnam according to the Prime Minister's request will be supported as follows: Support of 30% of the total project investment directly from the central budget in case the factory is accepted and put into production before December 31, 2030. The total support level shall not exceed VND 10,000 billion.
During the preparation and implementation of the project, an annual deduction of more than 10% but not exceeding 20% of the enterprise's taxable income may be made for the enterprise's Science and Technology Development Fund to supplement the project. The total amount of deduction shall not exceed the total investment of the project.
The Resolution also stipulates that land can be allocated in the form of land allocation without auctioning land use rights, without bidding to select investors to implement projects using land for the tasks specified in Clause 1 of this Article.
The Prime Minister shall decide on the selection of enterprises to perform the tasks specified in Clause 1 of this Article and decide on the specific level of support for such enterprises. The support policies specified in this Article shall apply until December 31, 2030.
Previously, on September 21, 2024, Prime Minister Pham Minh Chinh signed Decision No. 1018/QD-TTg promulgating the Strategy for developing Vietnam's semiconductor industry to 2030 and vision to 2050.
The strategy aims to build 1 small-scale semiconductor chip manufacturing factory in phase 1 (2024 - 2030); 2 semiconductor chip manufacturing factories in phase 2 (2030-2040); and 3 semiconductor chip manufacturing factories in phase 3 (2040-2050).
This goal demonstrates the Government's strong determination to develop the semiconductor industry - a field where most latecomers with similar conditions to Vietnam often focus on the downstream stages of packaging and testing of the semiconductor industry. Meanwhile, Vietnam has ambitions to participate in stages including semiconductor chip manufacturing.
Investing in building a small-scale semiconductor chip manufacturing plant with a special financial support mechanism from the State not only helps Vietnam master chip manufacturing technology but also contributes to human resource training, developing the semiconductor industry ecosystem and ensuring national security in the high-tech field.
Having explained and clarified some contents of this pilot resolution before the National Assembly, Minister Nguyen Manh Hung emphasized that the semiconductor industry is a strategic industry. Vietnam aims to fully develop all stages of this industry, of which the most difficult is the manufacturing plant.
According to Minister Nguyen Manh Hung, the first manufacturing plant is very important for research and testing of chips designed in Vietnam, very important for the production of specialized chips in Vietnam, especially for national defense and security, and very important for human resource training.
This small-scale factory, costing less than 1 billion USD, is more like a lab than a factory. The State should invest in it entirely, but to attract businesses to invest in operations, the resolution proposes to support 30% of the total investment value.
At the same time, enterprises are allowed to use the Science and Technology Fund to invest in projects, because this is a research and development activity instead of pure business.
Experts say that to avoid becoming a processing country, Vietnam needs to master semiconductor and electronics technology, take advantage of geopolitical advantages, and focus on investing in electricity and water infrastructure with appropriate incentive policies.
In the context of the global semiconductor supply chain facing many fluctuations, building a small-scale but high-tech chip manufacturing plant will help Vietnam meet domestic demand, participate in the global supply chain and ensure national security in case of supply disruptions.
This is an important step for Vietnam to move closer to its goal of becoming one of the countries with a developed semiconductor industry in the future.
Comment (0)