THE PRIME MINISTER
 
 
No. 19/2015/QD-TTg
THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
 
Hanoi, June 15, 2015
 
DECISION
Prescribing criteria for identifying hi-tech enterprises
 
Pursuant to the December 25, 2001 Law on Organization of the Government;
Pursuant to the November 13, 2008 Law on High Technologies;
Pursuant to the November 26, 2014 Investment Law;
At the proposal of the Minister of Science and Technology,
The Prime Minister promulgates the Decision prescribing criteria for identifying hi-tech enterprises.
Article 1. Criteria for identifying hi-tech enterprises
A hi-tech enterprise is that satisfying the criteria prescribed at Point a and b, Article 75 of the Investment Law, and the following specific criteria:
1. The enterprise’s revenue from hi-tech products must account for at least 70% of its total annual net revenue.
2. The enterprise’s total expenses for research and development activities conducted in Vietnam must account for at least 1% of its total annual net revenue, for small- and medium-sized enterprises, or 0.5%, for enterprises with a total capital of over VND 100 billion and more than 300 employees.
3. The number of research and development staff members holding a university or higher degree must account for at least 5% of the enterprise’s total number of employees, for small- and medium-sized enterprises. For enterprises with a total capital of over VND 100 billion and more than 300 employees, the number of research and development staff members holding a university or higher degree must account for at least 2.5% of the total number of employees and be not less than 15.
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