At the "Vietnam - Asia Smart City" Conference, the seminar "Semiconductor Industry Strategy, New Driving Force for Vietnam and Hanoi" recently held, Mr. Nguyen Tran Quang, Deputy Director of the Center for Investment, Trade and Tourism Promotion of Hanoi City said that the development of the semiconductor industry has been oriented and clearly regulated in the Resolutions of the Politburo, Hanoi Party Committee, and in the Capital Law 2024 (effective on January 1, 2025).
In particular, in Article 42 of the Capital Law 2024, Hanoi "attracts strategic investors: Manufacturing industry, production of semiconductor integrated circuits, manufacturing of components, integrated electronic microcircuits, flexible electronics, semiconductor chips. Development of innovation centers, research and development centers".
Incentive policies are stipulated in Article 43 of the 2024 Capital Law. This is an important condition for Hanoi city to have a strong and effective orientation to attract investment and develop the semiconductor industry in the area.
In recent years, Hanoi has been perfecting appropriate mechanisms and policies; encouraging the attraction of high-tech, high-value-added investment. Along with that, Hanoi has reformed administrative procedures, improved the business investment environment, developed transport infrastructure, technical infrastructure, etc.
Mr. Quang affirmed that semiconductor technology is a priority field for investment attraction, so the city focuses on attracting projects in research and development (R&D), chip design, chip manufacturing with high added value and low labor intensity. Hanoi also promotes international cooperation, implements investment promotion activities, and contacts with businesses and investors from other countries.
