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- 16 / 09 / 2019 -
Deceptive enterprises that receive technology transfer incentives are fined up to VND 40 million

On June 13, 2019, the Government issued Decree No. 51/2019 / ND-CP stipulating sanctions against administrative violations in science and technology activities and technology transfer. The Decree takes effect from August 1, 2019.
Accordingly, the Government retains the maximum fine in science and technology activities, technology transfer for individuals is VND 50 million, and organizations is VND 100 million. However, with new penalties will increase with each specific violation. For cases of committing frauds or deceit to receive State supports and preferences according to the provisions of the relevant technology transfer legislation, the maximum fine level of up to VND 40 million will be increased. 10 million compared to current regulations.
Individuals who transfer technology from Vietnam to abroad or from abroad to Vietnam on the List of technologies banned from transfer will be fined up to VND 50 million.
For acts of violations occurring before August 1, 2019 which are later discovered or being considered and settled, the provisions that are beneficial to organizations and individuals shall apply.
The new regulations of the Government have raised the responsibilities of organizations and individuals when committing acts of violation in scientific and technological activities, technology transfer, further enhancing the building of a healthy environment in this field.