Criteria to identify hi-tech investment project in HHTP

a) Information Technology;

Other criteria mentioned in Decision No. 27/2006/QD-BKHCN dated December 18, 2006 by the Ministry of Science and Technology include: 

1. Products turned out under the project are on a list of hi-tech products eligible for investment and production encouragement, publicized by the concerned hi-tech park management board.

2. Expenses for research-development work under the project

a) Total expenses for research-development work carried out in Vietnam account for at least 5% of annual total turnover, or expenses for research-development activities carried out in Vietnam account for at least 1% of annual total turnover.

           b)  Spending items for research-development work and research-development activities are specified in Appendix 1 enclosed herewith.. 

3. The number of laborers who possess a university or higher degree directly engaged in the project’s research-development work accounts for at least 5% of the project’s total number of laborers.

4. The project’s technological chain is an advanced one, satisfying the following requirements: production activities are specialized and organized with automation methods, of which at least 1/3 (one-third) of automatic devices are controlled under set programs, and arranged in a working space which satisfies industrial sanitation standards required by Vietnamese law.

5. The project abides by environmental standards and technical regulations in its operation domain as required by Vietnamese law. It is encouraged to apply international environmental standards such as ISO 14000 or equivalent standards.