Subjects eligible for receiving funding, donation, loans and loan guarantees from the Fund in Vietnam

Subjects eligible for receiving funding, donation, loans and loan guarantees from the Fund in Vietnam

The model Charter issued along with Circular 03/2015/TT-BKHCN stipulates five categories of beneficiaries of the Science and Technology Development Fund's financial support, sponsorship, loans, and loan guarantees in Vietnam. To be specific:

1. Financial support beneficiaries:

- National science and technology projects managed directly by ministries (or provinces);

- Ministerial (or provincial) science and technology projects.

2. Sponsorship beneficiaries: certain grassroots science and technology projects proposed by organizations and individuals for socio-economic development of ministries (or provinces).

3. Loan beneficiaries: projects applying scientific and technological research results into production and life for socio-economic development of ministries (or provinces) as requested by Ministers, Heads of ministerial-level agencies, Heads of agencies under the Government of Vietnam (hereinafter referred to as Ministers), Chairpersons of Provincial People's Committees, centrally-affiliated cities (hereinafter referred to as Chairpersons of Provincial People's Committees).

4. Support beneficiaries: activities enhancing scientific and technological capacities within ministries (or provinces), talented young scientists not affiliated with public scientific and technological organizations.

5. Loan guarantee beneficiaries: science and technology projects assigned by Ministers (or Chairpersons of Provincial People's Committees).

Additionally, the model Charter issued with this Circular also stipulates the conditions for registering for sponsorship, loans, support, and loan guarantees as follows:

- Organizations and individuals proposing scientific and technological projects must have sufficient professional capacity and technological infrastructure suitable for each type of scientific and technological project. Organizations proposing scientific and technological projects must be scientific and technological organizations or scientific and technological enterprises.

- Organizations and individuals proposing to borrow from the Fund or being guaranteed loans by the Fund must comply with the Fund's regulations and relevant legal provisions.

- Organizations and individuals registering for support to enhance scientific and technological research capacities must have expertise appropriate to the type of support being requested.

- Scientific and technological projects registered for sponsorship or loans must not overlap with those already being or have been implemented with state budget sources.

More details can be found in Circular 03/2015/TT-BKHCN which comes into force in Vietnam from April 23, 2015.

Ty Na

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