Conditions for establishment of foreign-invested science and technology organizations in Vietnam

Conditions for establishment of foreign-invested science and technology organizations in Vietnam (Internet image)

Article 13 of Decree 80/2010/ND-CP stipulates the conditions for establishment and procedures for registration of operation of foreign-invested science and technology organizations in Vietnam as follows:

- Conditions for the establishment of a foreign-invested science and technology organization:

+ Possessing an investment certificate granted by a competent state management agency in charge of investment;

+ Having an operation charter which states operation domains compliant with Vietnam's law;

+ Having sufficient scientific and technological staffs who are specialized in its operation domains.

+ Having working offices and physical and technical foundations for conducting scientific research, experiments and test, providing services and carrying out other activities in conformity with its operation charter and Vietnam's law;

+ Obtaining a written agreement on the establishment of the science and technology organization, issued by the People's Committee of the province or centrally run city in which the organization is to be headquartered;

+ Meeting environmental requirements as prescribed by law.

In addition, foreign-invested science and technology organizations established under this Decree may conduct scientific and technological activities in Vietnam only after they have completed procedures for operation registration and received certificates of registration for scientific and technological activities by competent state management agencies and paid charges and fees according to law.

More details can be found in Decree 80/2010/ND-CP, which comes into force from September 1, 2010.

Nguyen Phu

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