Under the Government's Decree No. 182/2024/ND-CP, dated December 31, 2024, which focuses on the establishment, management, and utilization of the Investment Support Fund, high-tech industries, particularly in the semiconductor and artificial intelligence (AI) sectors, will be encouraged to develop.

Under the decree, enterprises investing in research and development projects in these two sectors will be eligible for financial support of up to 50% of their initial investment costs.

This initiative is designed to create favorable conditions for Vietnamese businesses to seize opportunities in the global value chain. Semiconductor and AI industries are considered two key fields with significant potential to shape the future of global technology, ranging from electronic device manufacturing to the development of automation and AI-driven solutions.

The Investment Support Fund, established under Decree 182, will primarily assist businesses that meet specific conditions regarding project implementation capacity, commitment to adopting advanced technologies, and contributions to sustainable development goals.

Eligible projects must demonstrate high feasibility, a potential to generate substantial added value, and alignment with Vietnam’s socio-economic development strategy.

Notably, research and development center projects must belong to the priority list of high technologies and require a minimum investment capital of VND3 trillion ($117.8 million), with at least VND1 trillion ($39.2 million) disbursed within three years from the date of investment approval.

In addition to financial backing, enterprises will gain access to other resources, including expert consultancy, cutting-edge technologies, and tax incentives.

The government expects these policies to help Vietnam establish a strong position in the high-tech sector while attracting additional foreign investments.

Decree 182/2024/ND-CP took effect on December 31, 2024, and applies from the 2024 fiscal year onward.