Vietnam Launches New FDI Investment Support Fund
New FDI investment support fund in Vietnam could provide up to 50% of eligible project costs
Vietnam has introduced a new investment support fund aimed at attracting foreign direct investment (FDI), particularly from major technology firms. The fund, established under a recently signed government decree (182/2024), will offer cash grants and subsidies to businesses that meet specific investment criteria, with a focus on high-tech industries. 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;
Initial investment subsidies for businesses establishing R&D centers in semiconductors and artificial intelligence (AI).
SNAPSHOT
Vietnam launches investment support fund to attract high-tech investors.
Support up to 50% of initial investment costs for semiconductor and AI R&D projects.
The fund will offer cash grants and subsidies to businesses that meet specific investment criteria, with a focus on high-tech industries.
The first applications will be accepted until July 10, 2025.
EVALUATION CRITERIA
Eligible recipients include high-tech enterprises and those involved in projects related to high-tech products and R&D centers, subject to specific investment and revenue criteria.
The R&D investment must have an investment capital of at least VND3 trillion ($117.9 million) and the disbursement must reach at least VND1 trillion in three years from the licensing date.
Enterprises must have no overdue tax debts and meet the conditions outlined in the decree.
The project must positively impact the innovation ecosystem and foster the development of breakthrough technologies and products.
POTENTIAL VALUE
Companies investing in R&D projects in semiconductors and AI may receive financial support of up to 50% of their initial investment costs.
The fund will cover a range of costs, including training, R&D, fixed assets, high-tech manufacturing, and infrastructure development.
CONNECT WITH THE HICKEY’S INCENTIVES TEAM
The Hickey & Associates incentives team has advised companies navigating clients through incentive programs in Vietnam. Contact us for more specifics, including eligibility criteria, application details, and funding requirements ahead of the application deadline of July 10, 2025. If you’d like our support throughout the application process, we are here to help!