Vietnam proposes chip incentives from tax breaks to faster visas

HO CHI MINH CITY -- Vietnam is drawing up a list of perks for chip companies, from tax breaks to fast-track export processes, as the fast-growing communist country draws increasing attention from global players like Nvidia and Besi.

The proposed Digital Technology Industry Law lists additional incentives like letting businesses write off 150% of their research expenses, grants and expedited visas, and 10 years of rent-free land use.