What are regulations on support from the Science and Technology Development Fund in Vietnam?

What are regulations on support from the Science and Technology Development Fund in Vietnam?

The model charter issued in conjunction with Circular 03/2015/TT-BKHCN stipulates that the Fund supports certain activities to enhance scientific and technological capabilities within the scope of ministries or provinces in Vietnam as follows:

- Organizing international scientific conferences and seminars in Vietnam; attending and presenting scientific reports (oral presentation) at international scientific conferences and seminars held abroad;

- Short-term internships and research collaborations (less than 6 months) for scientists and PhD students conducting projects funded by the Fund at foreign scientific organizations and laboratories where domestic conditions are insufficient;

- Publishing research results in reputable international scientific journals; registering intellectual property rights;

- Publishing high-value scientific works that are both scientifically and practically valuable, resulting from projects funded by the Fund or other State budget sources; supporting costs for using laboratories of leading scientists;

- Supporting talented young scientists not affiliated with public scientific and technological organizations.

Note: The total annual support funding for activities to enhance scientific and technological capabilities shall not exceed 10% of the Fund's charter capital.

In addition, the model charter issued in conjunction with the Circular also stipulates the financial and accounting regime of the Science and Technology Development Fund as follows:

- The Fund implements financial, accounting, asset management, and use policies according to the provisions of the law on budgets and accounting.

- Annually, the Fund prepares revenue estimates and expected expenditures for funding, lending, loan guarantees, support, and management activities of the Fund, reporting to the Minister (or Chairman of the Provincial People's Committee) for approval;

- Annually, the Fund prepares financial settlement reports for review and inspection by the ministry (or province) as prescribed;

- The Fund is allowed to carry over unspent funds from one fiscal year to the next;- Management expenses of the Fund are used for the operation of the Fund's management and executive apparatus according to current State regulations;

- The Fund is subject to financial inspection and supervision by the Minister (or Chairman of the Provincial People's Committee).

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

Ty Na

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE