Vietnam: 03 criteria for scientific and technological tasks to be eligible for final product- based fund assignment

According to the Decree No. 95/2014/NĐ-CP of Vietnam’s Government, fund assignment means the grant of financial autonomy in the use of funding amounts approved by competent agencies in connection with the responsibility for guaranteeing results of assigned tasks according to set objectives and requirements to organizations and individuals in charge of scientific and technological tasks.

Concurrently, final product means the product turned out by a scientific or technological task, which is approved by the agency competent to manage the scientific or technological task and stated in the contract on the performance of the scientific or technological task.

According to the Decree No. 95/2014/NĐ-CP of Vietnam’s Government, State budget-funded scientific and technological tasks are eligible for final product- based fund assignment when fully meeting the following criteria:

- Having final products with specified names, primary quality criteria, units of measurement, degree of quality or scientific requirements to be met, quantity or scale, and places of application; being confirmed by the task-selecting science and technology council as having satisfied the criteria for eligibility for final product-based fund assignment; and being accepted by the task managers and agencies in charge of these tasks;

- Having their estimates of total funds correctly and fully calculated on the basis of current economic-technical norms; if no economic-technical norms are available, state agencies competent to approve fund explanations and estimates for performance of scientific and technological tasks shall make decision and take responsibility for their decision;

- Having fund explanations and estimates approved by competent state agencies.

View more details at Decree No. 95/2014/NĐ-CP of Vietnam’s Government, effective from December 01, 2014.

Le Hai

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