06 criteria applied to software products given investment, leasing and procurement priority in Vietnam

According to Article 7 of the Circular No. 40/2020/TT-BTTTT of the Ministry of Information and Communications of Vietnam, there are 06 specific criteria applied to software products given investment, leasing and procurement priority, specifically as follows:

1. Its functions and specifications conform to business requirements or regulations/guidelines of regulatory bodies (if any).

2. A Vietnamese organization, enterprise or individual involves in one of the two following stages in the process of manufacturing the product: Requirement determination and Analysis and design specified in Clauses 1 and 2 Article 3 of the Circular No. 13/2020/TT-BTTTT.

3. It is issued with the certificate of registration of copyright owned by a Vietnamese and is protected in accordance with Vietnam’s law.

4. Satisfy the criteria regarding quality standards, safety and security of the product

- It is produced by a Vietnamese organization or enterprise that has the certificate of conformity with ISO 9001 standard issued by the registered certification body or CMMI Level 3 or higher certification or equivalent;

- It ensures information safety in accordance with regulations of law on information safety or is manufactured or operated by the supplier issued with the certificate of conformity with ISO/IEC 27001 standard or equivalent by the registered certification body.

5. The ratio of the cost of research and development of a product to the enterprise’s total revenue from the sale of that product within the last 03 years is 3% or more.

6. Regarding the software product supplied as a service (with attached service), such software product must satisfy the criteria mentioned in Article 9 hereof.

View more details at the Circular No. 40/2020/TT-BTTTT of the Ministry of Information and Communications of Vietnam, effective from February 15, 2021.

Ty Na

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