On 5 March, in an effort to foster innovation and support high-tech ventures, the Ministry of Planning and Investment hosted a consultation workshop on a Draft Decree on the Establishment, Management and Use of an Investment Support Fund, specifically targeting “high-tech” projects in the context of Vietnam’s adoption of the Global Minimum Tax.
The workshop was chaired by Deputy Minister of Planning and Investment Deputy Minister Nguyen Thi Bich Ngoc. EuroCham was represented by the Head of our Hanoi Office cum External Relations Manager Van Nguyen.
With the aim of soliciting insights and refining the draft decree, the meeting examined:
- Field and scope of application: Attendees scrutinized the draft decree’s coverage, ensuring its alignment with the overarching objectives of promoting high-tech ventures.
- Forms of investment support: Discussions centered on the modalities and prerequisites for accessing the fund, aiming to streamline processes and maximize impact.
- Proposal of administrative procedures: Participants explored administrative frameworks, seeking to enhance efficiency and transparency in fund allocation and management.
- Other technical matters: Fine-tuning terminologies and definitions within the decree underpinned efforts to bolster clarity and coherence.
Major chambers of commerce such as ourselves, AmCham, and KoCham, plus industry giants including LEGO and Intel shared their perspectives, grounded in practical experience and strategic foresight, enriched deliberations and steered discussions towards pragmatic solutions.
