Chennai Stock:Vietnam plans to introduce low -tax funds incentive policies to increase investment in science and technology

Vietnam plans to introduce low -tax funds incentive policies to increase investment in science and technology

China 80 Urban Park Factory Investment Promotion 4000123021

Recently, Vietnam has said it will introduce new policies related to low taxes around the world to attract more foreign investment, especially high -tech projects.

▲ Vietnam and other countries must respond to the new global tax system this year.

In July of this year, the Vietnamese government Prime Minister Fan Mingzheng, the president of the Vietnamese government, met with Li Zaiyu, who visited South Korea.Li Zaiyu said that Samsung Electronics plans to invest in Vietnam in the next three years, making the latter the production base of Samsung Electronics in the world’s big display module.

Although the specific amount has not been disclosed, in recent years, Samsung, as a foreign investor in Vietnam, has a total investment of 22.4 billion US dollars, and each decision is often worth billions of dollars.

Other Korean giants also have a big plan to invest in Vietnam. CHEOLDONG JEONG, CEO of LG Display, said that Vietnam is LG’s major global production base in the world.Among the total registered capital of more than $ 8 billion, LG has invested more than $ 5 billion and plans to invest more funds in the future.

▲ Vietnam actively invests in the field of semiconductor and artificial intelligence to build industrial talents and ecosystems (click to view more details)

In order to improve its competitiveness, the Vietnam Planning Investment Department (MPI) is formulating a policy to establish an investment support fund.Based on fund surplus).The fund will operate in the form of direct cash payment to support training costs, human resources development, research, fixed asset investment, high -tech product production and social infrastructure investment.Chennai Stock

MPI emphasized: "Fiscal support and investment subsidies will not be paid immediately to enterprises, but with some conditions based on the results of the project implementation (payment progress and income)."Nagpur Investment

Du Qingzhong, deputy minister of the Vietnam Planning Investment Department, said: "Through flexible incentive policies, we hope to attract more high -tech projects."

In addition, An Ling Technology Singapore Holdings will raise 1.07 billion US dollars to build a factory that manufactures, assembles and test semiconductor materials and equipment. The head stage of the factory will be put into operation at the end of 2023.Nearly, many Korean companies also confirmed the expansion plan after investing billions of dollars in Vietnam.CJ is still investing in the food field. Pu Xiang iron hopes to participate in the mining and processing of Rare earth in Vietnam. Daewoo Construction Group plans to develop a new urban area in Taiping in the northern province.

Xiaoxing Group also plans to develop data center services in the Saigon High-tech Park. It is expected to be 1,500-4,000, which meets strict international standards and meets the specific needs of large customers.

▲ Anmedon City Industrial Park is becoming one of Vietnam’s leading industrial park that attracts high -tech investment

Ho Chi Minh City has become a very attractive destination in the eyes of technology giants, and its investment plans in the semiconductor and data centers are endless.At the beginning of July, the Aitimate Dada delegation arrived at Ho Chi Minh City to inspect the investment destination with Etikaka Calupia, the chief technical officer of the Asia -Pacific region.This is Nvidia’s second meeting this year.The delegation discusses the possibility of future cooperation with a number of science and engineering universities and enterprises, and meets with the Ho Chi Minh Municipal People’s Council to discuss artificial intelligence training and development, support artificial intelligence startups, and establish an artificial intelligence and excellence center.Kolkata Wealth Management

Karuppiah said: "The goal of NVIDIA is to establish an artificial intelligence research and development and training center; install the supercomputer system; and transfer the production of some supercomputers processing units to Vietnam."

Another American technology giant Marvell Group is also accelerating the expansion of chip design centers in Vietnam.In May this year, the company announced that it will open another chip design center in Laang, central Vietnam. Previously, the company had opened two centers in Ho Chi Minh City.Lucknow Wealth Management

Le Quang Dam, CEO of Vietnam, said that since the beginning of this year, Marvell’s integrated circuit (IC) designers have increased by more than 30% since the beginning of this year.

DAM said: "Marvell’s goal is to become the third largest IC design center in Marvell in the next few years, after major US centers and Indian branches."

Vietnamese design centers will focus on designing new integrated circuit technology chips, such as light connection, storage, simulation, and hybrid semiconductor technology. These are key technologies to accelerate the construction of new infrastructure to meet the performance and artificial intelligence of the cloud data center and artificial intelligence.The growing demand for speed.

Source: Compiled from Vietnam Investment Review

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