Decree on investment support fund will be issued in September 2024

According to Deputy Minister of Planning and Investment Tran Duy Dong, the decree guiding the establishment and use of investment support funds is expected to be issued next September.

Speaking at the conference "Smart Manufacturing and Global Supply Chain Vietnam (VGMF) 2024" held on the morning of March 26, at the National Convention Center (Hanoi), Deputy Minister of Planning and Investment Tran Duy Dong said that as expected, a Decree guiding the establishment and use of the investment support fund will be issued, in which it is expected that there will be appropriate support for projects in the investment incentive sector, projects of sufficiently large scale. This is one of the important moves to demonstrate the readiness and desire to welcome the new wave of investment of the Vietnamese Government.

In particular, Mr. Tran Duy Dong emphasized that the fields of electronics manufacturing, semiconductor chips, and smart manufacturing are currently one of the priority fields for attracting investment and are receiving great attention from Government leaders, ministries, and branches.

At the same time, the necessary conditions to attract investment in localities have been ensured to be ready.

Firstly , land infrastructure, localities have promoted site clearance, creating clean land to be able to supply to electronics and semiconductor businesses.

Second , strategic transport infrastructure connecting economic centers, seaports, and airports is also being strengthened. Along with that, localities are also preparing issues of information technology, electricity, water, and social infrastructure for workers in the semiconductor industry.

ĐÔNG 26.jpeg — Deputy Minister of Planning and Investment Tran Duy Dong

Assessing that the competition between countries in the region and the world in attracting FDI, especially in the electronics and semiconductor industry, is fierce because all countries see the benefits, potential and scale of this industry as very large, which could reach more than 1,000 billion USD by 2030, Deputy Minister Tran Duy Dong expressed his desire to listen to proposals and recommendations from businesses on investment incentive policies for this industry such as preferential taxes for the semiconductor industry; intellectual property protection policies for new technology industries; mechanisms for R&D research centers; digital infrastructure development...

“Based on the proposals of enterprises, we will work with ministries and branches to synthesize, research, and report to the Prime Minister in the coming time to design and issue highly competitive policies,” Mr. Tran Duy Dong committed.

Attending the above conference were more than 300 enterprises in the fields of semiconductors and electronics serving the global supply chain and potential investors in the electronic and semiconductor components manufacturing industry who are considering investing to seize the opportunity to cooperate with the "eagles" of source technology.

MR. PHUONG

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