Industrial Policy & Trade Monitor· 2663 actions· ✨ 89 recent

On 22 December 2024 the Politburo of the Communist Party of Vietnam, under General Secretary Tô Lâm, issued Resolution 57-NQ/TW designating science, technology, innovation, and national digital transformation as Vietnam's "top strategic breakthrough" through 2030 with vision to 2045. The resolution targets ≥50% digital-economy share of GDP, top-30 global ranking in innovation and digital transformation, and at least 10 globally-competitive Vietnamese digital-technology enterprises by 2030. It identifies data, AI, blockchain, and IoT as priority bottlenecks and operates as the parent/umbrella authority under which all subsequent Government, National Assembly, Prime-Ministerial and Ministerial tech-industrial instruments are formulated. Operational implementation runs through Government Resolution 03/NQ-CP of 9 January 2025 (action programme).

Regulation (EU) 2024/2847 of the European Parliament and of the Council on horizontal cybersecurity requirements for products with digital elements, signed 23 October 2024 and entering into force 10 December 2024. The CRA is the first EU statutory cybersecurity regime covering all hardware and software products with a direct or indirect data connection placed on the EU market, imposing essential cybersecurity requirements, conformity assessment with CE marking, mandatory vulnerability handling, and 24-hour early-warning notification of actively-exploited vulnerabilities to ENISA. Main manufacturer obligations apply from 11 December 2027; conformity-assessment-body notification provisions apply from 11 June 2026 and reporting obligations from 11 September 2026. Penalties reach EUR 15M or 2.5% of global annual turnover.

Premier Li Qiang signed State Council Decree No. 792 on 19 October 2024 promulgating the Regulations of the People's Republic of China on Export Controls for Dual-Use Items, with effect from 1 December 2024. The regulation, organised in six chapters and 50 articles, consolidates the previously fragmented nuclear / biological / chemical / missile dual-use control regimes into a single State Council framework operationalising the 2020 Export Control Law. It introduces a control-list / temporary-control / watchlist architecture, a statutory end-user / end-use commitment regime, transit / transhipment / re-export controls, extraterritorial reach over PRC items downstream, and explicit linkage to the Anti-Foreign Sanctions Law. On 15 November 2024 MOFCOM, MIIT, GAC and SCA jointly issued Announcement No. 51 of 2024 publishing the consolidated Dual-Use Items Export Control List with a unified five-character ECCN-style coding system, also effective 1 December 2024.

The US Bureau of Industry and Security issued a final rule on 5 September 2024 (effective 6 September 2024, published in the Federal Register on the same day as 89 FR 73285) establishing multilateral export controls on four categories of emerging technologies: (1) quantum computing items including quantum computers, related cryogenic / control / measurement systems, and certain quantum software; (2) gate-all-around field-effect transistor (GAAFET) production technology — the next-node semiconductor architecture beyond FinFET; (3) advanced additive-manufacturing equipment for metals + alloys; (4) certain biotech-related items added in a parallel rule on 12 September 2024. The rule operates without country exceptions for some categories, with multilateral coordination via Wassenaar + Australia Group + Nuclear Suppliers Group frameworks.

On 26 July 2024 President Erdoğan unveiled the HIT-30 (High-Technology Investment Programme), Türkiye's largest single industrial-finance instrument since the 2018 Investment Office reform, allocating USD 30 billion in state support over 2024-2030 to attract investment across 37 priority programmes spanning electric vehicles, batteries, semiconductors, solar/wind energy, green hydrogen, hyperscale data centres, biotechnological medicine, industrial robotics, and R&D. The Ministry of Industry and Technology is the operating agency, with the Industrialization Executive Committee chaired by the President providing high-level oversight; an Industrialisation Executive Committee under the President directs sectoral allocations. Headline tools include USD 4.5bn earmarked for an 80 GWh battery-manufacturing capacity (with USD 6,000/MWh grants through 2030), USD 2.5bn for 15 GW of domestic solar-cell capacity, USD 1.7bn for wind-component manufacturing, USD 1bn for top-1000 corporate R&D centre support (covering 50% of personnel costs for 5 years), corporate tax reductions, social-security-contribution coverage, energy-cost subsidies covering 50% of bills for energy-intensive projects, customs/VAT exemptions, and free or discounted land allocation in organised industrial zones. Programme targets at least USD 20bn in private-sector co-investment.

FinCEN issued a final rule under Section 311 of the USA PATRIOT Act (31 U.S.C. § 5318A) prohibiting US covered financial institutions from opening or maintaining a correspondent account for, or on behalf of, Iraq-based Al-Huda Bank, a foreign financial institution found to be of primary money-laundering concern. Treasury determined that Al-Huda Bank exploited its access to US dollars to support designated Foreign Terrorist Organizations including Iran's Islamic Revolutionary Guard Corps (IRGC) and IRGC-Quds Force, as well as Iran-aligned Iraqi militias Kata'ib Hizballah and Asa'ib Ahl al-Haq. The rule also imposes a special-due-diligence requirement on US covered institutions to guard against indirect access via foreign correspondent accounts. Published in the Federal Register on July 3, 2024; effective August 2, 2024.

Bulgaria's National Assembly adopted on 22 February 2024 amendments to the Investment Promotion Act establishing the country's first horizontal foreign direct investment screening mechanism, published in State Gazette No. 20 on 8 March 2024 and entering into force on 12 March 2024. The regime implements EU Regulation 2019/452 by creating an Interdepartmental Screening Council with a 45-day decision window over non-EU investments meeting a 10 % equity stake or €2 million threshold in critical-infrastructure, dual-use, advanced-technology, media, and financial-infrastructure sectors, with no threshold for investments by Russian or Belarusian persons or in oil and petroleum activities. Non-compliance and false declarations carry fines of 5 % of investment value, with a minimum BGN 50,000.

The Significant Investments Review Act 2024 (Act No. 1 of 2024) is Singapore's first horizontal, cross-sector statutory FDI screening regime. The Bill was passed by Parliament on 9 January 2024, assented to by the President on 6 February 2024 and gazetted on 14 February 2024; the Act commenced on 28 March 2024 under the SIRA 2024 (Commencement) Notification (S 228/2024), together with the Significant Investments Review Regulations 2024 (S 229/2024). The Act creates an "ownership-and-control" layer over a limited number of "designated entities" the Minister for Trade and Industry has identified as critical to Singapore's national-security interests, plus an "any entity" call-in power exercisable against firms that have acted against Singapore's national-security interests, regardless of whether they are designated. Acquisitions of ≥5% require post-closing notification within 7 days; acquisitions of ≥12% / ≥25% / ≥50% and cessations of ≥50% / ≥75% controller status require prior ministerial approval. Administered by the Office of Significant Investments Review (OSIR) within MTI. SIRA is the Singaporean structural peer of US CFIUS, EU Regulation 2019/452, the German AWG §§55-62, the French Décret 2014-479, the UK NSI Act 2021, the Netherlands Wet Vifo, and the Canada ICA national-security review.