Incentives for industrial investment support
The policy support and incentives for industry wide support from the stage will cover research and development for the next stitch applications, transfer of technology and production, according to the Decree on Development Industry supports the Government has been issued on 3-11 and then.
(Saigon Times Online) - The policy support and incentives for industry wide support from the stage will cover research and development for the next stitch applications, transfer of technology and production, according to the Decree on Development Industry supports the Government has been issued on 3-11 and then.
The most noteworthy point is the content on the establishment of industrial investment funds supported with a capital of 30,000 billion as previous draft had not even mentioned in the decree, instead of many preferential policies on capital , technology transfer, research and development, marketing support, land ...
Specifically, according to this decree, organizations and individuals to research and develop industrial production support will be considered part of the funds to support research and development of programs to support the industrial development of with case studies and investments as technological developments have resulted app brings high efficiency; state support up to 50% funding for projects producing test products supporting industries.
Production of Honda motorcycle components Vietnam - Artwork: Quoc Hung
The project to build research facilities and develop industrial production supported by the State allocated or leased land and enjoy the preferential use of land; be considered to support upto 50% investment funding research equipment from industrial development program support.
At the stage of the application and transfer of technology, the cost of testing manufactured products supporting industries on the list of products supporting industry development priorities are supported up to 50%.
The state also supports up to 75% on transfer of technology for manufacturing projects that use materials more than 85% of raw materials are the product of deep processing of minerals including metal ores , non-metal ores and petroleum products to cater for the industrial manufacture of products supported.
The decree also stated that projects produce industrial products supported on the list of products supporting industry development priorities are funded from industrial development program to support the training of human resources.
In addition, industrial products supported on the list of products supporting industry development priorities take precedence involved in trade promotion program countries; support part of the costs registered trademarks, funding exhibitor fair domestic and foreign funds market information access and service fees from industrial development program support.
Currently the country has nearly 1,400 local companies produce components and spare parts related to the field of supporting industries such as electrics, electronics, metal, plastic, rubber, textile industry excluding own Sewing also to over 600 enterprises producing products supporting materials for the industry.
For years the investment in the industrial sector support have a long payback period, high-risk makes investors reluctant to invest in production of industrial products supported. Currently the capacity of SI firm still very poor, partly because there are not enough financial resources.
The weakness in the supply capacity of products supporting industries also forced businesses to search the main production supply from the outside, and this is partly the cause of the trade deficit in industrial production more last year. .
Attached to the Decree, the Government also issued lists of products and supporting industry development priorities, including six product groups in the sector: Textiles, leather, electronics, automobile assembly and production, engineering manufacturing, high-tech industry.