Vietnam: Policy initiative to incentivize AI and semiconductor investment projects – GlobalComplianceNews
The government and Ministry of Plan and Investment (MPI) is currently working on the draft resolution of the National Assembly (NA) to amend the NA’s existing Resolution No. 119/2020/QH14 on “the pilot implementation of the urban governance model and various mechanisms and policies for the development of Da Nang city.”
Below is our summary on the incentive policies for semiconductor and AI industries under the draft resolution:
As a next step, the MPI and the government will submit the draft resolution to the NA (for review and approval) in the NA’s upcoming plenary meeting session in May 2024, following an expedited procedure.
While the draft resolution focuses on Da Nang, this marks a significant milestone in the policymakers’ determination to promote the semiconductor and AI industries in Vietnam. Following this pilot scheme, broader policies covering other cities/provinces in Vietnam may also be rolled out.
We are closely monitoring the progress of the relevant matter and will update you on the latest developments.
Hung Tran is the practice group leader of the Intellectual Property (IP) and Technology Practice Groups of Vietnam offices. For years, he has been constantly ranked as a leading IP lawyer by numerous researchers such as Chambers Global and Chambers Asia.
He regularly writes articles concerning pressing legal issues in both English and Vietnamese, and his works have been published regularly in various reputable publications. He has assisted the government in reviewing and revising the IP Law, the IP provisions under the country’s criminal code, the draft e-Transaction Law, and the first draft Personal Data Protection Decree, etc.
He is also a respected presenter in the area of IP, Franchising, Data Privacy, and Entertainment Laws. In addition to authoring many publications, Mr. Tran has lectured at Waseda University School of Law (Japan), Vietnam-German University, Hanoi Law University, Diplomatic Academy of Vietnam, Foreign Trade University, an international MBA Program (CFVG) and IP laws for the Professional Training School of the Ministry of Industry and Trade. He used to serve as the Chairman of the Legal Committee of Hanoi American Chamber of Commerce.
Huu Tuan Nguyen is a Senior Associate in BMVN International LLC, Ho Chi Minh City office.
Huyen Minh Nguyen is a Senior Associate in BMVN International LLC, Hanoi office.
Tuan Linh Nguyen is a Government Affairs Manager in in BMVN International LLC, Hanoi office.
You must be logged in to post a comment.
© Copyright 2024 – Global Compliance News