Vietnam: What are the responsibilities of the Management Council of the National Technological Innovation Fund?

Vietnam: What are the responsibilities of the Management Council of the National Technological Innovation Fund? (Illustrative image)

Under Circular 06/2014/TT-BKHCN, the responsibilities of the Management Council of the Fund and the executive body of the Fund in the selection of scientific and technological tasks under the National Technological Innovation Fund of Vietnam are as follows:

1. The Management Council of the Fund is responsible for:

- Stipulating the process and procedures for organizing the selection and management of tasks funded, preferentially lent, interest-subsidized, and loan-guaranteed by the Fund;

- Establishing scientific and technological councils, and advisory councils, and deciding to hire independent consultants for selecting tasks;

- Deciding the funding, and lending methods for each content of the tasks.

2. The executive body of the Fund is responsible for:

- Organizing the implementation of the decisions of the Fund Council on organizing the selection and management of tasks as stipulated in this Circular;

- Submitting to the Minister of Science and Technology to consider and decide on projects and the norms of projects eligible for preferential loans, interest assistance, and loan guarantees.

In addition, the Supervisory Board of the Fund has responsibilities in the selection of scientific and technological tasks under the National Technological Innovation Fund as follows:

- Inspecting and reporting to the Management Council of the Fund about the implementation of the decisions of the Management Council in organizing the selection and management of tasks;

- Reviewing and submitting to the competent authorities for settlement of complaints and denunciations from organizations and individuals regarding the selection and management of tasks as per the decisions of the Management Council.

Details can be found in Circular 06/2014/TT-BKHCN effective from June 09, 2014.

Ty Na

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