Rules govern research organisations

The Ministry of Science and Technology issued Circular No 01/2011/TT-BKHCN on March 16 guiding the establishment and operation of so-called “Science and Technology Organisations (STOs) with foreign-owned capital, as well as representative offices or branches of foreign STOs in Viet Nam.

STOs include scientific universities, colleges and research institutes.

Under the circular, domestic individuals or organisations must hold no less than 10 per cent and no less than VND100 million of the registered capital in an STO established as a joint venture with foreign ndividuals or organisations. The Ministry of Science and Technology must approve the establishment and the application for a Science and Technology Activities Registration Certificate. STOs with foreign-owned capital in operation before the circular takes effect must register for re-issuance of the certificate, while representative offices and branches of foreign-invested STOs may continue operation without further procedures.

Tags: Vietnam technology

Posted by VBN on Mar 30 2011. Filed under Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry