VCCI calls for greater support for R&D costs of FDI firms
The Vietnam Chamber of Commerce and Industry (VCCI) has proposed increasing the support for research and development (R&D) costs to over 50% for foreign direct investment (FDI) businesses, it said in policy feedback requested by the Ministry of Planning and Investment.
Researchers at the Ho Chi Minh City University of Technologies. (Photo: VNA)
Hanoi (VNS/VNA) - The Vietnam Chamber of Commerce andIndustry (VCCI) has proposed increasing the support for research anddevelopment (R&D) costs to over 50% for foreign direct investment (FDI)businesses, it said in policy feedback requested by the Ministry of Planningand Investment.
The VCCI said as Vietnam is to impose additional corporate incometax under the global minimum tax, it would be a good time to upgrade thecountry's investment support policies as well, saying they would provide bothchallenges and opportunities for the Southeast Asian country.
According to the VCCI, investment support policies offerflexibility, allowing the state to select the target, form and content ofsupport to guide enterprises in investment activities, aimed at producingpositive outcomes for society. Therefore, while designing investment supportpolicies, it is essential to choose options that can realise more than oneobjective, those that support business enterprises and produce positive,long-term impacts on Vietnam's socio-economic development.
The chamber said the current 50% limit on R&D costs for FDIbusinesses should be reviewed and reconsidered. The VCCI advised that thesupport level could go up as high as 75%, given that the FDI would employ asufficient number of local talents for the job. In addition to the spill-overeffect on the economy, the new incentive would help encourage closercollaboration among businesses and research institutions, enhancing theircapabilities and contributing to the scientific and technological developmentof the country.
In addition, the chamber recommended adding criteria concerningthe nationality of directly employed researchers to promote the recruitment ofVietnamese researchers and scientists to conduct R&D activities.
Regarding support for fixed asset investment costs, up to a 40%maximum, both movable and immovable assets must be made available to high-techsector R&D for at least three years. Meanwhile, the chamber suggested amore detailed classification of support levels based on asset types with a clearpreference for immovable assets.
"Such policies help incentivise businesses to make and spendin Vietnam, instead of moving production elsewhere," said the chamber in astatement./.
Prime Minister Nguyen Xuan Phuc has approved a list of priority technologies for research and development in a bid to facilitate participation in the Fourth Industrial Revolution.
Leading enterprises from the Republic of Korea (RoK) including Samsung Electronics, Naver and Revu Corporation have further promoted investment in research and development (R&D) centres in Vietnam to fully tap high-quality and low-cost human resources.
LG Electronics Inc. said on March 9 that it is scaling up its research and development operations in Vietnam to respond to a rapidly growing electric vehicle (EV) parts business.
It is critical for pharmaceutical companies to improve competitiveness with a focus on research and development (R&D), production technology and digitalisation.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
Researchers at the Ho Chi Minh City University of Technologies. (Photo: VNA) 
