Strategic Regulatory Foundations
The new law codifies multiple directives from Politburo Resolutions No. 57-NQ/TW and No. 68-NQ/TW. These resolutions call for:
Development incentives for digital technology enterprises
Expansion of high-quality digital workforce training
Support for startups and innovative companies
Frameworks for controlled pilot programs and public-private collaboration
The law also empowers provincial authorities to streamline administrative processes, including the establishment of digital industrial zones. It introduces a “green channel” customs regime to expedite technology imports and exports.
Tax and Financial Incentives
Vietnam’s strategy to attract large-scale digital investments includes substantial fiscal support. These incentives include corporate income tax reductions for large capital projects, state-funded grants via the Development Investment Fund, and preferential tax treatment for R&D initiatives especially those involving strategic technologies like AI, big data, and blockchain. Additionally, digital technology zones will benefit from tax regimes typically reserved for economically challenged areas, enhancing their attractiveness to both domestic and international investors.
Support for SMEs and Ecosystem Growth
To reach its goal of hosting 150,000 digital technology enterprises by 2035, the new law lays out extensive support mechanisms for small and medium-sized enterprises. This includes financial assistance for digital deployment, co-investment in infrastructure, and preferential access to government procurement contracts. The state will also offer training and upskilling programs to grow the digital workforce. National promotion campaigns and sector-specific technology solutions will further enable SMEs to integrate digital tools and scale their operations effectively.
Infrastructure and Global Expansion Initiatives
The law reinforces the importance of infrastructure as a pillar of industry growth. It prioritizes state investment in essential resources like data centers and 5G networks while encouraging private companies to participate in infrastructure development. On the global front, Vietnam plans to establish networks of digital technology representatives in key markets to help domestic firms expand abroad. This approach aims to support Vietnamese enterprises in transitioning into multinational corporations, enhancing their competitiveness on the global stage.
R&D and Technology Sovereignty
To secure technological sovereignty and strengthen national security, the government will commission the development of core and strategic technologies. Research and development efforts will receive the highest level of incentives, including full corporate income tax exemptions and financial support for establishing advanced research facilities. The law also prioritizes Vietnamese-made digital products and services in public procurement, reinforcing domestic innovation and supporting companies as they pursue international growth.
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Quick Country Facts
Vietnam
Certification Body: Ministry of Information and Communications (MIC)
Certification Type: Mandatory
License Validity: 36 Months
Application Language: English
Legal License Holder: Local Representative
In-Country Testing Requirement: In-Country Testing
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