Understanding New Technology in Legal Terms
The definition of new technology is stipulated in Clause 4, Article 2 of the Law on Technology Transfer 2017, whereby:
New technology is a technology that is created or applied for the first time in Vietnam or in the world, possessing a higher level than the existing similar technologies in Vietnam, environmentally friendly, practical application, and capable of enhancing productivity and product quality.
The above is an advisory on the definition of new technology. For more detailed information, please refer to the Law on Technology Transfer 2017. We hope that our advice will help address your concerns.
Wishing you health and success!
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