Recently, the Government Office issued Notice No. 05/TB-VPCP dated January 6, 2025, concluding the National Steering Committee on Semiconductor Industry Development at its First Session. In terms of viewpoint, the goal in the coming time will focus on developing human resources, institutions and infrastructure for the semiconductor industry as a comprehensive strategy; it is necessary to focus on implementation and investment commensurate with strategic breakthroughs.
The above conclusion also clearly states: The Party directs, the National Assembly agrees, the people support, the nation expects, so we only discuss action, not retreat, there must be specific steps and directions. The key tasks are: Promoting public-private cooperation, domestic and international cooperation; opening up and utilizing all resources for training and developing human resources to serve the semiconductor industry...
This spirit was demonstrated at the 41st Session of the National Assembly Standing Committee through a thorough discussion of the draft Law on Digital Technology Industry. After listening to the opinions on the draft Law with many new contents, receiving the attention of scientists and enterprises specializing in science and high technology at home and abroad, National Assembly Chairman Tran Thanh Man suggested: Relevant agencies must plan what contents will be adjusted when the Law is passed at the 9th Session to ensure a real breakthrough for the development of the digital technology industry; remove "bottlenecks", barriers, free up resources to complete and establish a solid legal corridor for the development of digital technology.
Members of the National Assembly Standing Committee, representatives of leaders of ministries, branches, drafting agencies and verification agencies focused on analyzing and clarifying the content of perfecting the digital technology industry development policy, regulations on digital assets, controlled testing mechanism, regulations on semiconductor industry, regulations on artificial intelligence to ensure feasibility, control risks and develop these fields to meet the country's development requirements in accordance with the Party's policies and in accordance with Vietnam's conditions.
Regarding incentives for the semiconductor industry (Article 44 and Article 59), there are opinions suggesting that it is necessary to have specific and outstanding regulations to encourage development. In order to promptly institutionalize the Party's policy and seize the opportunity to develop the semiconductor industry, many delegates agreed with the assessment of the review agency, accordingly, it is necessary to study and supplement truly outstanding and breakthrough incentive mechanisms to create competitive advantages.
Based on the opinions of National Assembly deputies, some preferential regulations for the semiconductor industry in the draft Law have been revised: Point c, Clause 3, Article 44 stipulates that actual costs for research and development activities in the semiconductor sector of enterprises are calculated at 150% when determining income subject to corporate income tax.
Point e, Clause 3, Article 44 stipulates that the State directly supports costs not exceeding 10% of the total investment of the project to invest in building factories, technical infrastructure, and machinery and equipment from the budget's development investment expenditure source. Clause 5, Article 59 stipulates additional provisions to Point c, Clause 2, Article 20 of the Investment Law on incentives and special investment support for projects to produce key digital technology products, research and development projects, design, production, packaging, and testing of semiconductor products.
The Standing Committee of the National Assembly’s Committee for Science, Technology and Environment also agreed on the viewpoint of building regulations on artificial intelligence management in the draft Law based on the principle of risk management, while encouraging development, focusing on people. This management principle is built on the basis of selective research of international experience.
Regarding the documents and procedures for granting testing licenses, the draft Law assigns the competent authority to issue testing licenses to ensure flexibility and increase decentralization and delegation of authority to ministries, branches and localities to proactively implement.
Regarding artificial intelligence (Articles 54 and 55 of the draft Law), there are opinions suggesting clearly defining the criteria for artificial intelligence systems with high risks and large impact, adding regulations on risk limitation and risk management principles; other opinions suggest adding regulations assigning the Government to provide guidance on risk management issues. Incorporating the opinions of National Assembly deputies, the draft Law stipulates the management of artificial intelligence systems with high risks and large impact systems; products created by artificial intelligence systems must have clear identification marks.
The Standing Committee of the Science, Technology and Environment Committee stated: The main goal of this regulation is to create identification marks (not labels on regular products) to help users recognize products of artificial intelligence systems in order to behave appropriately.
The draft Law has revised Clause 1, Article 55 to stipulate: Products created by artificial intelligence systems must have clear identification marks and assign specialized management ministries to regulate identification marks; adding regulations on the responsibility of suppliers to clearly show identification marks on products created by artificial intelligence systems.
Explaining at the meeting, Deputy Minister of Information and Communications Bui Hoang Phuong stated that the draft Law has proposed a number of incentive mechanisms and policies, such as building a controlled testing mechanism to provide special incentives for key digital technologies, creating conditions for innovation activities; building institutions, perfecting the legal corridor for new content such as digital assets, AI; encouraging innovation and eliminating the mindset of "if you can't manage it, then ban it".
Besides, there are preferential policies for manufacturing and producing digital technology products and services in Vietnam to help us gradually become self-sufficient in technology.
The draft Law proposes groups of special preferential policies for high-quality human resources in the digital technology industry, such as: Incentives for granting the longest visas for high-quality human resources, exemption from work permits, exemption from personal income tax, credit policies, scholarships for students...
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