The National Assembly on February 19 passed a resolution on pilot special mechanisms and policies for a breakthrough development of science, technology, innovation, and national digital transformation.

Under the resolution, Vietnamese enterprises investing in a project for building the first factory which is selected to manufacture small-scale, high-tech chips for research, training, design, test manufacturing, technology verification, and production of specialized semiconductor chips for Vietnam as required by the Prime Minister, will receive financial support from the State budget up to 30% of the total investment capital, but not exceeding VND10 trillion (over $391 million), if the projected factory is accepted and put into production before December 31, 2030. 

The resolution also stipulates that land can be allocated for the project without requiring for an auction of land use rights or bidding for the selection of investors for projects that use land for the tasks specified in this resolution.

The Prime Minister shall decide on selection of a local enterprise to perform the tasks specified in the resolution and determine the specific level of support for the selected enterprise.

The support policies specified in this resolution shall be applied until the end of December 31, 2030.