On February 1st, 2019, the Government issued Decree No. 13/2019/ND-CP on science and technology enterprises. The Decree takes effect from March 20, 2019.
According to Clause 1, Article 6, Decree No. 13/2019/ND-CP stipulates that enterprises are granted certificates of science and technology enterprises when meeting the following conditions:
e)Established and operating under the Enterprise Law;
f)Being able to create or apply scientific and technological results which are evaluated, appraised and recognized by competent agencies according to the provisions of Clause 2, Article 7 of this Decree;
g)Having turnover from the production and trading of products formed from scientific and technological results, reaching a minimum rate of 30% of the total turnover.
h)Newly established enterprises under 5 years that meet the conditions specified at Points a and b, Clause 1 of this Article are certified as scientific and technological enterprises.
Thus, in addition to the conditions to establish a normal business, Decree No.13/2019/ND-CP stipulates that enterprises must ensure more specific conditions to be granted a certificate of science and technology.