On April 19, 2018, the Prime Minister issued Decision No.19/2018/QD-TTg regulating the criteria, competence, order and procedures for recognition of high-tech agricultural enterprises. The Decision took effect since June 05, 2018.
Accordingly, Decision No.19/2018/QD-TTg sets criteria for determining high-tech agricultural enterprises as follows:
- Apply high technology on the List of high technologies shall be prioritized for development investment in the production of agricultural products.
- Produce agricultural products of high quality, yield, value and efficiency; turnover from high-tech agricultural products shall account for at least 60% of the total net turnover.
- Have researches and experiments on high-tech application, technology transfer for the production of agricultural products, total expenditures for research and development activities conducted in Vietnam on the total net turnover of goods at least 0.5%; number of employees with professional qualifications from university or higher directly conducting research and development on the total number of employees of the enterprise is at least 2.5%.
- Apply environmentally-friendly and energy-saving measures in the production and quality control of agricultural products up to Vietnamese standards or technical regulations or international standards.
With detailed and specific regulations, Decision No.19/2018/QD-TTg plays an important role in setting specific criteria for recognition of high-tech agricultural enterprises, providing a base that the State promulgating appropriate forms of encouragement and support.