Vietnam will appeal to extra international funding in high-tech business

HANOI (Vietnam Information / ANN): Vietnam will appeal to extra international funding within the high-tech sector by offering extra incentives and altering necessities for high-tech corporations.

Vietnam’s high-tech business has seen a brand new wave of funding. Final week, the northern coastal province of Quảng Ninh held a licensing ceremony for Hong Kong’s Jinko Photo voltaic Expertise Ltd to put money into a US $ 500 million photovoltaic cell know-how challenge. .

Austrian circuit board maker AT&S has surveyed a number of websites in Vietnam to construct two factories value 1.5 billion euros ($ 1.78 billion).

The corporate will make a location choice in mid-April and start development on the finish of this 12 months. He hopes to finish the work inside a 12 months.

Đỗ Nhất Hoàng, director of the Overseas Funding Company (Ministry of Planning and Funding), stated the brand new wave of funding within the high-tech sector was on account of the truth that tech giants like Samsung, Foxconn, Luxshare and Intel had elevated their funding and manufacturing capability. In Vietnam.

Hoàng stated a lot of the international tech giants have already invested in or sought out funding alternatives in Vietnam.

He stated that to welcome this new wave of funding, the Vietnamese authorities has drawn up a collection of essential necessities. In the midst of final month, Prime Minister Nguyễn Xuân Phúc formally launched the brand new necessities for high-tech corporations.

In consequence, high-tech corporations with a complete funding capital of VNĐ 6 trillion ($ 260 million) and plenty of 3,000 or extra workers should decide to commit at the very least 0.5% of their capital to analysis and growth (R&D).

Firms with a complete capital of VNĐ100 billion and 200 or extra workers should pledge at the very least one p.c of their whole web revenue.

An nameless investor stated that below the brand new necessities, international buyers would keep away from the “heavy burden” of commitments for R&D actions. In accordance with the brand new necessities, R&D expenditure can even embrace depreciation of investments in infrastructure, mounted property, vocational coaching, recurrent expenditure and royalties.

Previously, after the entry into pressure of the Excessive Tech Legislation on July 1, 2009, buyers more and more complained in regards to the excessive necessities for funding initiatives to be acknowledged as “excessive tech initiatives. “.

Regularly cited complaints relate to the restricted variety of merchandise listed as high-tech merchandise, high-tech corporations should commit at the very least one p.c of their annual revenue to (R&D) and at the very least 5 p.c of the entire staff to be concerned. in R&D actions.

Hoàng stated the Ministry of Planning and Funding (MPI) is gathering feedback from ministries and businesses earlier than submitting them to the federal government for approval on particular funding insurance policies.

Hoàng stated that below the brand new rules, particular incentives will likely be given to innovation hub initiatives, together with the nationwide innovation middle, R&D initiatives and large-scale initiatives.

“We’ve proposed 4 standards to find out who’s eligible for particular incentives or not which embrace know-how, know-how switch, participation of Vietnamese corporations in worth chains and worth addition in Vietnam,” Hoàng stated. .

With particular incentives, preparation of premises, power, high-quality human sources and enhancements within the enterprise local weather, Vietnam would appeal to extra funding in high-tech initiatives sooner or later, Hoàng stated. . – Vietnam Information / Asia Information Community

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