Bringing support policies to semiconductor enterprises

Within the framework of the workshop “From policy to practice - Driving force for the development of the business ecosystem in the field of semiconductors and artificial intelligence in Da Nang city” organized by the Da Nang Center for Research and Training in Microchip Design and Artificial Intelligence (DSAC) on the afternoon of April 26, a lot of information about support policies in the field of semiconductors and artificial intelligence (AI) was disseminated to the business community. Businesses also proposed many ideas to effectively approach support policies.

Information technology engineers work at theFPT Corporation's high-tech and semiconductor R&D Center at Da Nang Software Park No. 2. Photo: MAI QUE

According to Mr. Le Hoang Phuc, Director of DSAC Center, Da Nang has a group of policies to develop the semiconductor and AI sectors, including tax incentives and investment incentives.

Regarding tax incentives, there is exemption of corporate income tax, tax incentives in Danang Software Park No. 2, Danang High-Tech Park. According to Resolution No. 136/2024/QH15 of the National Assembly on the organization of urban government and piloting a number of specific mechanisms and policies for the development of Danang city, corporate income tax will be exempted for 5 years from the time of arising of income tax payable on income from innovative start-up activities of innovative start-up enterprises, semiconductor chip enterprises, AI, innovative start-up support activities for science and technology organizations, Center for Innovative Start-up Support and intermediary organizations supporting innovative start-ups arising in the city...

In addition, enterprises are entitled to incentives for implementing new investment projects at Danang Software Park No. 2, Danang High-Tech Park according to Decree No. 154/2013/ND-CP dated November 8, 2013 of the Government regulating concentrated information technology parks, Decree No. 04/2018/ND-CP dated January 4, 2018 of the Government regulating mechanisms and preferential policies for Danang High-Tech Park.

Regarding investment attraction, there are incentives for strategic investors; strategic partners; AI enterprises; development of a startup environment; experts and scientists working in the field of AI in the city; individuals majoring in semiconductor microchips and AI at training institutions in the city; individuals teaching and researching in the field of semiconductor microchips and AI in the city.

Engineers working at Mixel Vietnam Co., Ltd. - one of the semiconductor enterprises operating in Da Nang city. Photo: M.QUE

“The city has just recognized FPT Corporation and Marvell Vietnam Technology Company Limited as strategic partners in the field of semiconductor chips and AI of the city. Strategic investors enjoy many incentives in terms of tax, land rent, information infrastructure asset rental, equipment purchase, etc. FPT and Marvell also committed to supporting Da Nang in software, hardware, human resource training and content to develop semiconductor chips, AI, and long-term development in the city for a minimum of 5 years. The above-mentioned large enterprises are strategic investors, committing to long-term commitment, affirming the potential and attractiveness of Da Nang in developing semiconductor chips and AI,” said Mr. Phuc.

In addition to information on financial and investment policies, thematic discussion groups such as tax policies, immigration and work permit policies, technical infrastructure development and human resource training... focused on difficulties in the policy implementation process, through which delegates shared opinions and suggestions to put the policies into practice.

A representative of Renesas Vietnam Design Co., Ltd.'s branch in Da Nang asked about tax incentives for semiconductor chip enterprises, what procedures must be followed, and what activities are exempt from corporate income tax for enterprises that have a written confirmation that they are semiconductor/AI chip enterprises.

A representative of Marvell Vietnam Co., Ltd. expressed his opinion on whether the additional income of individuals working in semiconductor/AI enterprises is exempted from personal income tax and the current global minimum tax. Many other questions were also raised by enterprises such as work permits for foreign experts, visas for foreign experts, tax incentives for importing machinery and materials for semiconductor production, etc.

CINNAMON

Source: https://baodanang.vn/kinhte/202504/dua-chinh-sach-ho-tro-toi-doanh-nghiep-vi-mach-ban-dan-4005895/