On June 14, at the 9th Session of the 15th National Assembly, National Assembly deputies participated in voting to pass the Law on Digital Technology Industry (CCNNS) with 441/445 in favor (92.26% approval rate).
The CNCNS Law is not only a specialized law, but is also expected to be an institutional lever for the national digital transformation process.
This is a golden time for Vietnam to build a proactive legal foundation, paving the way for domestic technology enterprises to develop firmly, integrate deeply and contribute to creating a new position for Vietnam in the digital age.
Vietnam also became the first country in the world to promulgate a separate law on the field of CNCNS.
The Law on Digital Transformation has promptly institutionalized many important contents in Resolutions No. 57-NQ/TW and Resolution 68-NQ/TW of the Politburo , such as: Promoting, providing incentives and support for the development of digital technology enterprises, especially private enterprises; developing high-quality human resources and digital technology talents; developing essential and shared digital technology infrastructure...
Increasing Vietnam's share in the CNCNS industry
The CNCNS Law focuses on increasing the proportion of domestic technology products in the industry through strategic solutions and specific support policies.
Foreign-invested enterprises (FDI) are encouraged to transfer technology and cooperate with domestic enterprises through preferential corporate income tax reduction for many years if they meet this requirement.
The National Assembly passed the Law on Digital Technology Industry (CCNNS) with 441/445 votes in favor (Photo: National Assembly).
Domestic startups receive 50% funding support to purchase advanced technology and develop prototypes, helping to improve the production capacity of “Make in Vietnam” products. Domestic digital technology products are given priority for use in state budget projects, ensuring a stable and sustainable output market.
Research and development (R&D) activities enjoy maximum incentives, including tax exemptions and financial support, to promote creativity and innovation, helping Vietnamese products not only meet domestic needs but also be competitive in the international market.
Promoting Vietnamese businesses to the world
The CNCNS Law aims to bring Vietnamese digital technology enterprises to the international market, increase revenue and affirm global brands.
The “Make in Vietnam” program is standardized, implementing trade promotion activities and supporting businesses to expand foreign markets.
Projects with large investment capital enjoy preferential corporate income tax reduction for many years, financial support from the Development Investment Fund, and import tax exemption for high-tech equipment.
In particular, the State builds a network of Vietnamese CNCNS representatives in key markets, combined with international cooperation programs, helping Vietnamese enterprises gradually become multinational companies, competing equally with large technology corporations in the world.
Increase the proportion of enterprises using CNCNS
To promote digital transformation and increase the proportion of enterprises applying CNCNS, the CNCNS Law implements comprehensive solutions to improve efficiency and competitiveness.
Increase the number of CNCNS enterprises to 150,000 by 2035
In order to build a strong CNCNS business ecosystem with the goal of reaching 150,000 businesses by 2035, the Law provides comprehensive support policies.
Small and medium-sized enterprises are supported with infrastructure investment costs, high-quality human resource training, and priority to participate in bidding for public procurement projects. In terms of finance, the State supports investment capital for special projects and funding for technological innovation, helping enterprises improve their creativity and competitiveness.
CNCNS production projects and supporting enterprises receive tax incentives similar to those in particularly disadvantaged areas, while attracting foreign investment to increase production capacity.
Mastering core technology and strategic digital technology
To ensure autonomy in core technology, strategic digital technology and ensure national security sovereignty in technology, the CNCNS Law focuses on mastering core technology and strategic digital technology.
Research and development (R&D) activities enjoy the highest incentives, including corporate income tax exemption for R&D projects and financial support for building advanced research infrastructure.
The State orders enterprises to develop strategic technologies such as artificial intelligence (AI), big data, and blockchain, ensuring clear direction and abundant resources...
Forming large CNCNS enterprises
The CNCNS Law aims to create “locomotive” enterprises to lead the digital technology industry through strategic policies.
The state orders enterprises to research and develop pioneering technologies, and provides financial support and trade promotion to expand international markets.
Large enterprises implementing large projects enjoy corporate income tax reduction incentives for many years and investment capital support for key projects...
Promoting innovative startups
To encourage innovation and development of creative startups in the field of CNCNS, the CNCNS Law implements practical support policies.
Small and medium-sized enterprises are supported with infrastructure investment costs, human resource training, and priority in bidding for public projects. The State supports funding for technological innovation, helping startups easily access resources to realize their ideas. The controlled testing mechanism (sandbox) allows businesses to test new products and services within a limited scope, with State supervision.
Digital Asset Development and Management
To take advantage of the enormous economic potential of digital assets, while ensuring transparency, security and compliance with international standards, the CNCNS Law for the first time defines and regulates the legal framework for digital assets.
This includes crypto assets and virtual assets, classified by purpose of use and technology, creating a clear legal basis.
The Government is assigned to issue detailed regulations, ensuring flexibility and practicality. These solutions not only promote innovation but also build a transparent digital economy, contributing to enhancing national prestige in the global market.
In addition, the CNCNS Law also focuses on other areas such as:
- Developing the market for digital products and services and digitalizing the entire population.
- Developing CNCNS infrastructure and standardization work.
- Monitor, measure and evaluate performance.
- Building CNCNS ecosystem.
- Implement CNCNS program (Make in Vietnam)
- Developing high quality CNCNS human resources.
- Development and management of Artificial Intelligence.
Source: https://dantri.com.vn/khoa-hoc/viet-nam-chinh-thuc-quy-dinh-khung-phap-ly-tai-san-so-20250614112045448.htm
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