What is high technology? Regulations on hi-tech parks in Vietnam

What is high technology? Regulations on hi-tech parks in Vietnam (Internet image)

1. What is high technology?

High technology means a technology which has a high scientific research and technological development content; is integrated from modern scientific and technological achievements; can turn out environmentally friendly products of superior quality and utilities and high added value; and plays an important role in the formation of a new production or service industry or the modernization of an existing production or service industry.

(Clause 1, Article 3 of Law on High Technologies 2008)

2. Regulations on hi-tech parks in Vietnam

Pursuant to Article 31 of the Law on High Technologies 2008, hi-tech parks are defined as follows:

2.1. What are hi-tech parks?

Hi-tech park is a place where hi-tech research, application and development; hi-tech incubation or hi-tech enterprise incubation; hi-tech human resource training; hi-tech product manufacture and trading; and hi-tech service provision activities are concentrated and connected.

2.2. Tasks of a hi-tech park in Vietnam

Tasks of a hi-tech park:

- To conduct hi-tech research, application and development; hi-tech incubation or hi-tech enterprise incubation; hi-tech human resource training; hi-tech production; or hi-tech service provision activities;

- To connect hi-tech research and application, hi-tech human resource training, and hi-tech production activities;

- To train hi-tech human resources;

- To organize fairs, exhibitions and displays of hi-tech products turned out as a result of hi-tech research and application;

- To attract domestic and overseas resources for promoting hi-tech activities.

2.3. Conditions for establishment of a hi-tech park in Vietnam

Conditions for establishment of a hi-tech park include:

- Such establishment must be compliant with the State’s policies on hi-tech and hi-tech industrial development and tasks defined in Clause 2 of this Article;

- The park must have an appropriate area and a location favorable for transport and linkage with high-level research and training institutions;

- The park must have favorable technical and service infrastructure meeting the requirements of hi-tech research, application and development; hi-tech incubation or hi-tech enterprise incubation; hi-tech trial production; or hi-tech service provision;

- The park must have professional human resources and managerial staff.

Note: The Ministry of Science and Technology shall assume the prime responsibility for, and collaborate with concerned ministries, ministerial-level agencies and provincial-level People’s Committees in, submitting to the Prime Minister to decide to set up, and promulgate operation regulations of, hi-tech parks.

3. State policies towards hi-tech activities in Vietnam

In Article 4 of the Law on High Technologies 2008, the State policies towards hi-tech activities are as follows:

- To mobilize investment resources and apply in a coordinated manner mechanisms and measures to offer the highest land, tax and other incentives for hi-tech activities with a view to promoting the leading role of high technologies in scientific and technological development for socio-economic development, defense and security maintenance, environmental protection, and improvement of the quality of people’s life.

- To speed up the application, research, mastering and creation of high technologies and hi-tech products: to form and develop a number of hi-tech industries; to raise the competitiveness of products, and participate in stages creating high added value in the global supply system.

- To concentrate investment in developing hi-tech human resources up to regional and international level: to apply special incentive mechanisms and policies for training, attracting and effectively employing hi-tech human resources at home and abroad and talented youth in hi-tech research, teaching and incubation, hi-tech enterprise incubation and other hi-tech activities.

- To encourage enterprises to raise their hi-tech application capacity and invest in hi-tech development; to facilitate the formation of a network of medium- and small-sized enterprises providing support products and services for the hi-tech industry.

- To allocate state budget funds and apply a special financial mechanism for hi-tech tasks, programs and projects and the import of high technologies which are important to socio-economic development and defense and security maintenance.

Ngoc Nhi

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