Vietnam launches investment support fund to attract high-tech investors

The fund, established under a recently signed government decree, will offer cash grants and subsidies to businesses that meet specific investment criteria, with a focus on high-tech industries.

On December 31, 2024, the Vietnamese government issued Decree No. 182/2024/ND-CP, outlining the structure, management, and funding of the investment support fund.

The fund will be financed by the state budget and operated by the Ministry of Planning and Investment.

The initiative includes two types of subsidies: annual expense subsidies for high-tech enterprises and research and development (R&D) projects and initial investment subsidies for businesses establishing R&D centers in semiconductors and artificial intelligence (AI).

The fund will cover a range of costs, including training, R&D, fixed assets, high-tech manufacturing, and infrastructure development.

Source: TUOITRENEWS