Vietnam is one of the fastest-growing economies in the world. The low cost of living and highly qualified population make it an ideal location for foreign companies who are looking to branch out and invest. However, expanding internationally has its disadvantages as well. Not knowing the local laws and regulations makes it a thousand times harder to open a company overseas.
Certificate for registration of technology transfer contracts |
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Purpose |
To regulate the activities involving technology transfer contracts |
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What is it | Certificate | ||||||||||||||||||||||||||||
Who should apply | 00 00: All business lines |
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Where to apply |
1. The Ministry of Science and Technology shall certify the registration of:
2. The Department of Science and Technology of the provinces or centrally – run cities where the technology transferee make registration for business activities shall certify the registration of:
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Validity of the License and application fee |
Fee: 200.000 VND; Duration: Unspecified |
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Application conditions and documents |
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The process |
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How long it will take to process the application? | 15 working days | ||||||||||||||||||||||||||||
Inspecting authorities |
Ministry of Science and Technology and the related agencies |
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Non-compliance penalty |
Penalties range from 2.000.000 VND to 5.000.000 VND. See Article 11 of Decree No. 16/2000/ND-CP dated May 10, 2000 of the Government on regulation of sanctioning administrative violation in the state management over technology transfer |
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Legal texts regulating this license |
Decree 11/2005/ND-CP of 2/2/2005 providing in detail for technology transfer
Decree No. 16/2000/ND-CP dated May 10, 2000 of the Government on regulation of sanctioning administrative violation in the state management over technology transfer Circular No. 139/1998/TTLT/BTC-BKHCNMT guiding the regime of collection, delivery, management and use of fee on assessment and fees on registration of Technology transfer contract |
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Other useful information |
The certificates relate to every business line dealing in transfer technology with some specific transfer contracts that must be registered:
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