Việt Nam will invest about VNĐ12.8 trillion (US$501.2 million) to build a small-scale semiconductor chip manufacturing plant to serve research, design, production, packaging and testing.The information was revealed by Nguyễn Khắc Lịch, Director of the Department of Information and Communications Technology under the former Ministry of Information and Communications.He said that the Prime Minister had signed and issued the strategy for Việt Nam's semiconductor industry development until 2030, with a vision to 2050. This is the first time Việt Nam has had such long-term strategy.Lịch said that the country needed to master research and technology development in the field of semiconductors and electronics, if it did not want to become a processing country.The country should promote geopolitical advantages, follow investment trends, focus on electricity and water infrastructure as well as have preferential and supportive mechanisms and policies.In the immediate future, Việt Nam would need a small-scale but hightech chip manufacturing plant to meet domestic demand, participate in the global supply chain and ensure security and defence in case of supply chain disruption.Recently, the National Assembly voted to pass a Resolution on piloting a number of special policies and mechanisms to create breakthroughs in science, technology, innovation and digital transformation.The important point in the resolution is to allow financial support for the construction of the first plant to serve research, training and production of semiconductor chips.Enterprises investing in the plant following the PM’S request will be supported, according to Lịch.The State will support 30 per cent of the total project investment directly from the central budget in case the plant is accepted and put into production before December 31, 2030, with the total support amount not exceeding VNĐ10 trillion ($391.6 million).During the project preparation and implementation, an annual deduction of more than 10 per cent but not exceeding 20 per cent of the enterprise's taxable income can be made for the enterprise's science and technology development fund to supplement the project. The total amount of deduction must not exceed the project’s total investment. (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News