Vietnam: Rights and responsibilities of organizations and individuals engaged in research and development or manufacture of key information technology products

Specifically, according to Article 18 of Decree No. 71/2007/NĐ-CP of Vietnam’s Government, rights and responsibilities of organizations and individuals engaged in research and development or manufacture of key information technology products are as follows:

1. Organizations and individuals engaged in the research and development or manufacture of key information technology products are entitled to priority investment from the State and preferences prescribed by law.

2. Organizations and individuals engaged in the state-funded research and development or manufacture of key information technology products shall remit into the state budget part of their revenues from the sale of those products. The Ministry of Finance shall assume the prime responsibility for, and coordinate with the Ministry of Post and Telematics in, specifying the remittance levels.

3. Organizations and individuals may not assign, sell or transfer technologies or solutions for the development of key information technology products invested by the State without consent of agencies receiving, processing and handling dossiers of registration for participation in the research and development manufacture of those products as defined in Article 14 of this Decree.

4. Organizations and individuals engaged in the research and development or manufacture of key information technology products are subject to inspection and control and shall abide by the reporting regime prescribed by the Ministry of Post and Telematics regarding investment projects on research and development, trial manufacture and trade promotion of key information technology products.

View more details at Decree No. 71/2007/NĐ-CP of Vietnam’s Government, effective from June 08, 2007.

Ty Na

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