The Vietnam Ministry of Planning and Investment is finalizing a decree for the introduction of an Investment Support Fund to offset the effects of the global minimum tax rules approved in November 2023 (previous coverage). Since reduced tax rate incentives for investment are effectively not allowed for in-scope groups with the introduction of the global minimum tax rules, the fund will provide incentives through other forms of support to ensure the competitiveness and attractiveness of the investment environment in Vietnam. The proposed support focuses on promoting high-tech research and development in Vietnam, including the reimbursement of up to 50% of...