What are requirements for receiving supports for enterprises receiving technology transfer from science and technology organizations in Vietnam?

What are requirements for receiving supports for enterprises receiving technology transfer from science and technology organizations in Vietnam?

Pursuant to Article 8 of the Decree 76/2018/ND-CP stipulating supports and incentives for enterprises that have projects in investment incentive sectors or geographical areas in Vietnam as follows: 

1. Conditions for receiving supports:

a. Having a project which belongs to a sector or a geographical area entitled to investment incentives as prescribed in the law on investment;

b. Having a technology transfer agreement or Technology Transfer Registration Certificate (if the enterprise is an entity required to register for the technology transfer);

c. Having the technology transfer which is under the project specified in point a of this clause.

2. Types of support:

a. Lending loans with preferential interest rate and/or granting interest subsidies to the enterprises for carrying out technology transfer.

b. Providing supportive fund for performing science and technology tasks or direct support.

3. The type of supports specified in point b, clause 2 of this Article is used to support the activities in developing and innovating technology, using maximum performance;  improving performance and product quality during technology transfer process, including:

a. Being prioritized to be included in the list of tasks carried out to select and provide technology directly, and being prioritized to be supported in accordance with the regulations of the program or fund through science and technology tasks.

b. Being supported for hiring counselors to evaluate the adjustments made to equipment, technology process and production line; to train and improve the enterprise's capacity to adopt and absorb technologies, applicable to direct supports

4. Funding sources:

a. The fund for performing science and technology tasks specified in point a, clause 3 of this Article is allocated from national science and technology programs; from the funds used for developing science and technology of enterprises, ministries, ministerial agencies, governmental agencies, provincial agencies or agencies of central-affiliated cities; from the state budget used for science and technology and from other funding sources.

b. The direct funding specified in point b, clause 3 of this Article is allocated from science and technology development funds of ministries, ministerial agencies, governmental agencies, provincial agencies and agencies of central-affiliated cities; from the state budget used for science and technology and other legal funding sources.

5. Levels of funding sources:

Aside from being entitled to investment incentives which are provided for a sector or a profession as prescribed in the law on investment, the enterprise shall be entitled to the following levels of funding sources:

a. The levels of funding sources prescribed in current regulations shall apply to the sources specified in point a, clause 4 of this Article.  

b. The loans used for transferring technology of the project shall be granted an interest subsidy of up to 2% per year by the National Technology Innovation Fund or Science and Technology Development Fund of the ministries, ministerial agencies, governmental agencies, provincial agencies or agencies of central-affiliated cities, 

c. If an enterprise takes out loans to transfer technology of a project, it shall receive loans with preferential interest rates as prescribed in the regulations of the funds or credit institutions which provide concessional loans.

What documents are included in the application for financial supports regarding support and incentives for technology transfer from science and technology organizations in Vietnam?

Pursuant to Article 9 of the Decree 76/2018/ND-CP stipulating authorization and procedures for assisting enterprises that have projects belonging to investment incentive sectors and geographical areas to receive technology transfer from science and technology organization in Vietnam as follows: 

1. Application documents for financial supports:

a. As for the financial support request regarding science and technology tasks carried out to transfer technology, the application documents shall include:

- Documents as prescribed in the Law on Science and Technology and the documents on providing guidelines for science and technology tasks.

- A technology transfer agreement or Technology Transfer Registration Certificate (if the entity must register for the technology transfer).

b. As for the request for receiving preferential loans or interest subsidies regarding the technology transfer of an investment project, the application documents shall include:

- The documents prescribed in the regulations of the credit institution which provides concessional loans and interest subsidies.

- A technology transfer agreement or Technology Transfer Registration Certificate (if the entity must register for the technology transfer).

- An explanation report on the expected technology transfer efficiency including the reports on the economic effects and other effects from the technology transfer (applicable to the interest subsidies provided after carrying out the investment project)

2. Authorization and procedures:

a. As for the supports from the national science and technology programs, science and technology development funds of enterprises, departments, ministerial agencies, governmental agencies, provincial agencies or agencies of central-affiliated cities; state budget fund used for science and technology, the authorization and procedures for receiving these supports shall be carried out in accordance with the Law on Science and Technology and with the documents on providing guidelines for science and technology tasks.

b. As for the funding allocated from the local budget, the authorization and procedures for receiving supports shall be carried out in accordance with the regulations of the regulatory agency of the province.

c. As for other legal funding sources, the authorization and procedures shall be carried out in accordance with the current laws.

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