Support for the Manufacturing Industry Serving the Energy Sector
The government has issued a new decree determining the incentives offered to the manufacturing industry for the development of the electricity sector and technology applications.
The government has issued Decree No. 344/2026/ND-CP regulating the application of science and technology in the electricity sector and the development of manufacturing industries. This regulation comprehensively outlines preferential policies, investment incentives, ordering mechanisms, and supports for manufacturing industries serving the energy sector.
Scope and General Principles of the Decree
The new decree issued by the government aims to apply science and technology in the electricity sector and develop related manufacturing industries.
The regulation contains important policies and various mechanisms aimed at supporting industrial branches serving the energy sector.
Policies for Production and Supply Processes
Critical regulations are being implemented to ensure continuous electricity supply and secure national energy security.
Manufacturing enterprises included in the list of important items, equipment, and consulting services are required to carry out certain stages of production and supply domestically.
Ordering Mechanisms and Incentives
Special ordering mechanisms and various incentives for electrical equipment products have been clearly established with this decree.
The process of procuring domestically produced items, equipment, and services is supported by state policies.
Technology, Digital Transformation, and Human Resources
Financial and administrative support is provided for product testing, evaluation, and certification processes in the energy sector.
Additionally, research, science and technology applications, digital transformation efforts, and the development of highly qualified human resources are supported.
Effective Date
This regulation, which includes general preference policies for electrical equipment manufacturing enterprises in the energy sector, has been finalized.
The relevant decree will officially enter into force on October 20, 2026.