According to the ESOMAR research report:
Vietnam Updates Criteria for High-Tech Investment Projects
New criteria for high-tech investments in Vietnam have come into effect since December 23, 2024,
following the implementation of a new circular. These criteria specifically address projects related to
high-tech research and development facilities, as well as high-tech applications in producing high-tech goods.
This article examines the updated requirements for the reference of businesses and investors.
Principles for high-tech investment projects
Under Circular 08/2024/TT-BKHCN, projects involving high-tech research and development facilities and
high-tech applications in producing high-tech goods must adhere to the principles outlined in
Article 28 of Decree 10/2024/ND-CP. These principles include:
Compliance with laws: The objectives and operations of an investment project must align with the tasks
designated for the hi-tech park as defined in the Law on High Technologies.
Environmental Protection: Respective projects must be implemented with environmentally friendly practices
and measures to promote resource efficiency.
Alignment with Planning: Respective projects must conform to the planning and capacity for providing
technical and social infrastructure of the hi-tech park, as well as comply with relevant laws.
Financial Capacity: Investors proposing investment projects must demonstrate their financial capacity or
secure other legal funding sources to meet the capital requirements for the project’s construction, maintenance, and operation.
Technological and Managerial Capacity: Investors must possess the necessary technological and
managerial skills to ensure that the construction and implementation of investment projects
adhere to the established schedule and plan.
Circular 08/2024/TT-BKHCN, detailing clear criteria for high-tech investment projects,
is a significant addition to Decree 10/2024/ND-CP. Investors participating in these initiatives will benefit from several advantages,
such as exemptions from land lease payments and reimbursement for costs related to land clearance.
They will also have access to favorable interest rates on loans and available capital within established legal guidelines to support their projects.
Moreover, Decree 10/2024/ND-CP mandates that local governments develop appropriate living spaces and
social infrastructure near high-tech parks to accommodate the workforce. These developments can be financed
through public-private partnerships (PPP) or private investments, making these areas more attractive to potential investors.
Additionally, manufacturing and export companies operating in these parks will receive export tax exemptions
or reductions comparable to the benefits offered in non-tariff zones.
ESOMAR Global Research Company will continue to update the latest news in the global market.
ESOMAR Vietnam Representative Office:
Address: 82 Nguyen Xi, Ward 26, Binh Thanh, Ho Chi Minh City
zalo: +84918082815
Contact Phone: 0918082815
Email: ESOMAR084@outlook.com.vn
Official website (https://www.researchworld-vnm.com/)
Esomar VNM (https://esomarvnm.com/)
