Attracting foreign investment in

the high-tech sector

HIGH-TECH INVESTMENT PROMOTION FORUM

30 September 2024
Main content

1. Investment trends of high-tech FDI enterprises

2. The main factors determining investment of high-tech FDI enterprises
3. EY's support for enterprises investing in Vietnam
4. Overview of Hoa Lac Hi-Tech Park

Page 2 30 / 09 / 2024 Attracting foreign investment in the high-tech sector

Investment trends of high-tech FDI enterprises

Main trends: focus on areas with advantages in: Some key trends:

Synchronous and
advanced technical
infrastructure
Supply Chain Transformation

Investing in smart manufacturing and

green technology

High-quality Effective and

human appropriate
resources support policies Research and Development (R&D)

Page 3 30 / 09 / 2024 Attracting foreign investment in the high-tech sector

The main factors determining investment of high-tech FDI enterprises
• Political stability: Vietnam is one of the countries with
• Vietnam has a favorable strategic location, which stable politic in the region, with a one-party political
plays an important role in the international shipping institution and focusing on economic development.
network. Legal • Improved legal environment: The system of investment
• Vietnam's logistics market is growing rapidly policies & and business regulations is more and more completed.
• Vietnam has shown its strong commitment to environment • Investment incentives and support policies: tax
integration and demonstrated its new and prestige incentives, forms of investment support for high-tech
position in the international market. In more than sector.
three decades of renovation and integration,
Vietnam has signed 15 free trade agreements,
including many new-generation free trade
agreements such as CPTPP, EVFTA, EVIPA,
UKVFTA, RCEP. Supply
Chain &
Factors
network
partner
determining Infrastructure

investment?
• The Vietnamese Government prioritizes investment
in the development of technical and transport
infrastructure to attract FDI
• Power infrastructure has a strong shift from
• The advantage of human resources with a traditional energy to renewable energy
working-age population of about 50.6 million people,
Quality • The coverage and quality of information
of human technology infrastructure are focused on and
labor costs are competitive compared to the other resoures
regions and the world. prioritized for development
• The trend of converting from employing unskilled
workers to focusing on training skilled and highly
qualified workers

Page 4 30 / 09 / 2024 Attracting foreign investment in the high-tech sector

EY's support for enterprises investing in Vietnam

Legal and Compliance

Advice
Tax Analysis and Advisory Legal Advisory Service;
Assistance in ensuring tax Legal Compliance Regulatory
compliance; Support.
Consulting on tax issues during
operation;
Assistance in working with tax
authorities.

Audit
Financial Audit Services;
Investment and Strategy Support to ensure
complianc;
Consulting Risk Assessment Services;
Forensics Services.
Evaluate and complete the
investment strategies on the basis
of regulations and practice;
Consult on building and
implementing business strategies

EY accompanies the investors right from the investment research and learning process and throughout the operation process
with professional consulting services and solutions.

Page 5 30 / 09 / 2024 Attracting foreign investment in the high-tech sector

 Overview of Hoa Lac Hi-Tech Park

The first technology park in Vietnam, with a convenient location near Thang Long
Location Boulevard and in the future, there will be Metro line No. 5 directly connecting to the
city center.

Investment
incentives •Investors in Hoa Lac Hi-Tech Park are entitled to tax incentives.

•The investor group has the ability to support in researching, development and
Chain of connecting the research with production. The presence of technological
connection
universities and research institutes forms a chain of training, research and
production connections.

Infrastructure •Infrastructure is developed synchronously and modernly

Page 6 30 / 09 / 2024 Attracting foreign investment in the high-tech sector

EY Contacts

Mrs. Huong Vu
General Director
[email protected]
+84 979 645 888

Mr. Michael Beckman

Managing Director – Law Leader of Vietnam
[email protected]
+84 917 455 972

Mr. Linh Hoang Anh Nguyen

Senior Manager
[email protected]
+84 975 810 239

Page 7 30 / 09 / 2024 Attracting foreign investment in the high-tech sector

THANK YOU
VERY MUCH!
EY│Audit│Taxation│Financial Transactions│Advisory

About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality
services we deliver help build trust and confidence in the capital markets and in economies the world
over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders.
In so doing, we play a critical role in building a better working world for our people, for our clients and
for our communities.

EY refers to the global organization and/or one or more of the member firms of Ernst & Young Global
Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited
by guarantee, does
not provide services to clients. For more information about our organization, please visit ey.com.

© 2023 EY Consulting Joint Stock Company.

All Rights Reserved.

In line with EY’s commitment to minimize its impact on the environment, this document has been
printed on paper with a high recycled content.

This material has been prepared for general informational purposes only and is not intended to be
relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific
advice.

ey.com
 About Mrs. Huong Vu

Huong Vu
General Director

Tel : +84 979 645 888

Email : [email protected]

Introduction and relevant experiences : Qualifications:

► Huong is a managing partner of Consulting and Tax EY Vietnam. She has nearly 30 years experience in Tax & ► Master of Business Administration, Western Pacific
Accounting industries. University (2007)
► She has been actively involved in assisting clients on tax and investment matters, including corporate taxation, ► Bachelor's Degree in Economics, Vietnam Maritime
value added tax, foreign contractor tax, customs, foreign exchange, investment structure, and other financial University (1985)
matters. With her profound knowledge and industry experience, she has supported clients from a diverse range of
industries, including electronics, energy, automobile, retails, real estates, among others. ► Fellow of the Australian Association of Chartered
Certified Accountants
► She specializes in the provision of transaction tax and tax structuring, tax due diligences, and international tax &
accounting services in areas such as tax effective acquisition and transfer pricing planning. ► ExCom Member and Chief Auditor
► Huong has regularly worked with various Government agencies including the Government Office, Ministry of Trade ► Member of Standing Committee of Vietnam Tax
and Industry, Ministry of Finance, General Taxation Department, local tax and other governmental offices to Consultants Association, Deputy Director of Vietnam
provide solutions on tax and customs matters for many clients. CFO Club
► Huong plays an important role in different working groups to facilitates the communication with the regulators and ► ACCA tax courses teacher, speaker in the Vietnam
policy-makers, providing comments on taxation regulations, as well as contributing her voices to improve the tax Business Forum and various seminars, publications
system and financial environment in Vietnam towards greater transparency and attraction to foreign investors. in Vietnam Investment Magazine, Capital Investment
► She is usually invited by different Government authorities to participate and provide comments on draft regulations Management, etc.
on tax/ customs.

Page 10
About Mr. Michael Beckman

Michael Beckman
Managing Director, Law Leader Vietnam

Tel: +84 28 3824 5252

Mail: [email protected]

Introduction and relevant Experiences

Qualification
► Mr. Michael Beckman is a Managing Director of EY Law Vietnam and focuses on various legal issues,
including but not limited to M&A and corporate, finance, capital market, energy, securities transactions. ► Yale Law School, JD
He has served as the Vice Chairman of the Board of Governors of the American Chamber of Commerce
in Vietnam, and a member of the Vietnam Business Forum Consortium’s Management Board. ► Princeton University, MA
► Prior to joining EY Law Vietnam, he worked at Sullivan & Cromwell in New York, Los Angeles, and ► Cornell University , BA magna cum laude
London, Debevoise & Plimpton in New York, managed his own hedge funds for a decade and has been a
Management consultant with McKinsey & Company in the Pharmaceutical and Medical Products practice ► Studied in Cambridge University, UK, and
group. Georg-August Universität, Germany.

► Michael is fluent in English and German. Bar Admission

Professional experiences ► A member of New York Bar

► Project management office services and legal implementation services during the carving out of a ► A registered foreign lawyer in Vietnam.
business unit to a separate legal entity by a Japanese manufacturing company.
Technical Experience
► Project management office services and legal implementation services during the transition of business
from a branch to a fully-licensed foreign bank in Vietnam for a Singaporean bank. ► Mergers & acquisitions
► Health check on a 6-star hospitality project, and legal advisory service on feasible options for investor to ► Securities
exit the project for a foreign-invested company.
► Corporate
► Legal implementation services for transfer of labor in an asset purchase deal for a Japanese automotive ► Investment
manufacturing company.

Page 11
About Mr. Linh Hoang Anh Nguyen

Linh Hoang Anh Nguyen

Senior Manager – Law
Tel: +84 28 3629 7093
Mail: [email protected]

Professional experiences Qualifications

► Linh has 10 years of experience in the field of legal consulting, including 7 years of experience
► LLB in International Law, Diplomatic Academy of
working at VILAF. Mr. Linh has extensive experience in M&A, corporate matters, finance,
Vietnam
capital markets, energy and other corporate matters related to the Company's operations in
Vietnam. ► Master of Finance, Banking in Insurance (for Southeast
► Advising Siam Cement Group on its US$440 million acquisition of Cosevco and Vietnamese Asia region), Joint Program between Université de
building materials company, which at the time of the transaction owned most of the cement Nantes and National University of Vietnam
factories in Central Vietnam ► LPC Short-term Training Course, BPP University Law
► Advising Siam City Cement on its acquisition of a 65% stake, equivalent to US$560 million, of School
LafargeHolcim Group in Holcim Cement Vietnam
► Advising Vingroup in its merger of Vincommerce retail chain business with Masan Group.

► Advising Grab in relation to its acquisition of the Southeast Asia business of Uber Technologies Technical Experience
Inc. in Vietnam, Malaysia, Indonesia, Philippines and Thailand.
► Mergers & acquisitions
► Advising Alibaba Group Holding Ltd. on its funding US$578 million into Ninja Van Group
► Securities
► Advising BIM Land JSC in its offering and listing of US$200 million 7.375% Senior Notes due
2026 (quoted and listed on the SGX). ► Corporate
► Investment