• The Government of Vietnam ensures favorable conditions and guarantees legal rights & benefits of parties involved in technology transfer, including the contribution of capital in the form of technology in order to carry out investment projects in Vietnam according to the law on intellectual properties and the law on technology transfer.
• The value of the contributed or transferred technology is determined by the involved parties and regulated in the contract of technology transfer.
• The government encourages the transfer of advanced technology, source technology and technology to develop new products into Vietnam, thereby enhancing the production and competitiveness, product quality, efficient use of fuels, materials, and natural resources. The government especially stimulates investment into technology innovation, heightening the capacity of technology management and uses.
• Given the goals of socio-economic development, the government has built policies supporting small and medium enterprises (SMEs) and collectives to invest in the research, development, and transfer of technology.
• The rights and obligations of parties involved in technology transfer as well as process and procedures for the transfer are subject to the law on technology transfer.

TRAINING SUPPORT

The government encourages and supportS investors to raise funds for training from contributed capitals and supports of individuals, organizations in and out of the country as follows:

• The establishment of funds for training not for the profit purpose shall be tax-exempted, tax-deductible under the tax law.
• The training costs covered by economic enterprises are recognized as a reasonable expense, which will be deducted in the calculation of their taxed revenue.

Besides, the government also spends part of the state budget on supporting the labor training in the economic organizations through the supporting program of human resource training. The government has had plans and programs to support the human resource training for SMEs.

SUPPORT FOR DEVELOPMENT INVESTMENT AND INVESTMENT SERVICES

• Government gives supports of development investment to projects which satisfy the following requirements:
• Projects in key industries and fields in the major economic program, which directly affect the economic re-structuring and boost up the sustainable economic growth but do not receive granting from the state budget grants and cannot get a loan under the usual conditions from commercial banks due to risks involved.
• Projects in line with legal regulations.
• Projects compatible with international conventions of which Vietnam is a member.
• The supports of investment credit shall be given based on the legal regulations on state credits for development investment.
• The government encourages and supports individuals and organizations, regardless of their economic components, to supply the following investment support services:
• Investment and management consultancy
• Intellectual properties and technology transfer consultancy
• Vocational training, training of engineering and management capacity
• Provision of information about markets, science and technology, and socio-economics as required by investors.
• Marketing and promoting investment and trade.
• Establishment and participation in social organizations, social-occupational organizations by legal regulations
• Establishment of piloting and designing centers to support the development of SMEs.

SUPPORT FOR INVESTMENT IN FORMING THE INFRASTRUCTURE OUTSIDE THE BARRIERS OF INDUSTRIAL, EXPORT PROCESSING AND HI-TECH ZONES.

• The government stimulates and has preferential policies for economic components to invest in the construction of engineering and social infrastructure outside the barriers of industrial, export-processing, hi-tech, and economic zones.
• Given the overall development planning of those mentioned zones approved by the Prime Minister, ministries, agencies and city and provincial–level People’s Committees will formulate the investment plans and organize the construction.
• Provincial–level People’s Committees should balance the local budget to support the construction.

SUPPORT FOR INVESTMENT IN THE CONSTRUCTION OF THE INFRASTRUCTURE SYSTEM INSIDE THE BARRIERS OF INDUSTRIAL AND EXPORT PROCESSING ZONES

§ The Prime Minister sets regulations on the conditions, principles, constraints and items of the construction supported by the central budget for some local areas with disadvantaged socio-economic conditions and geographies, and coupled with investors, invest in the development of technical infrastructure system inside the industrial and export-processing zones’ barriers.

§ The provincial–level People’s Committees should balance their local budget to support the construction.

METHOD OF INVESTMENT IN THE TECHNICAL INFRASTRUCTURE SYSTEM OF THE INDUSTRIAL AND EXPORT PROCESSING ZONES.

• The investment and operation of the technical infrastructure system of the industrial and export processing zones can be carried out by one or many investors. This must certainly be in line with the industrial and export processing zones’ detailed planning already approved by the relevant authorities. There should be clear regulations on the rights & duties of each investor involved.
• For areas with especially disadvantaged socio-economic conditions, given the specific situations of each area, the provincial–level People’s Committee will submit to the Prime Minister for decision on the establishment of the profit unit(s), being the contractor of investment projects in the construction and operation of the technical infrastructure system of the industrial and export processing zones.

SUPPORT FOR THE DEVELOPMENT INVESTMENT IN THE TECHNICAL INFRASTRUCTURE SYSTEM OF ECONOMIC AND HI-TECH ZONES.

• The government shall spare an investment source from theh state budget to support the followings:
• Development investment in other social and technical infrastructure systems apart from important functional areas and key public service construction sites in the economic park.
• Compensation of site clearance for functional, re-settlement, and re-farming areas for households deprived of land
• Investment in sewage and waste treatment for functional areas.
• The Government shall stimulate and have preferential policies for investors of all economic components to invest in the development of the social and technical infrastructure system of the economic zone.
• The Prime Minister shall decide on the measure to mobilize other capital sources to invest in this development.
• The support for this investment is given under legal regulations on the hi-tech zones.