Enterprises to Submit Initial Investment Support Applications by July 2025
On December 31, 2024, the Government officially issued Decree 182/2024/ND-CP on the establishment, management and use of the Investment Support Fund. This is the first time Vietnam has implemented a new breakthrough incentive mechanism, marking an important milestone in the effort to attract world-class high-tech enterprises (CNC) to invest more in Vietnam.
There are 02 main types of support supported by the Fund, including: Annual cost support and Initial investment cost support.
For the annual cost support type, the Fund aims to provide annual financial support to enterprises and investment projects in the field of CNC and Research & Development (R&D) Centers, while the initial investment cost support type will be for enterprises with R&D Centers in the fields of semiconductor industry and artificial intelligence. Determining eligible subjects may depend on the total investment capital or annual revenue generated from the project, with additional conditions required on a case-by-case basis. Some types of annual costs incurred during business operations are eligible for support from the Fund, such as: R&D costs, investment costs to create fixed assets, and CNC product manufacturing costs if certain conditions are met. The level of support may vary depending on the applicable subjects and the type of supported costs. The Decree on Investment Support Fund takes effect from fiscal year 2024 and the specific deadline for submitting annual support applications is before July 10 of the year following the fiscal year being supported.
Receiving agencies include: Management Board of Economic Zones, Industrial Parks, and High-Tech Parks (for projects in Economic Zones, Industrial Parks, and High-Tech Parks) or the provincial Department of Planning and Investment (for projects outside Economic Zones, Industrial Parks, and High-Tech Parks).
