Criteria for identifying hi-tech enterprises
07/04/2021 11:22 204
The Prime Minister has just issued Decision No. 10/2021/QD-TTg dated 16 Macrh 2021 prescribing criteria for identifying hi-tech enterprises. This Decision takes effect from 30 April 2021. 
Accordingly, hi-tech enterprises must satisfy the criteria prescribed at Points a and b, Clause 1, Article 18 of the Law on High Technologies No. 21/2008/QH12 which is amended and supplemented by Article 75 of the Investment Law No. 67/2014/QH13 and Clause 3, Article 76 of the Law on Investment No. 61/2020/QH14, and the following specific criteria:
- The revenue from hi-tech products must account for at least 70% of the enterprise’s total annual net revenue;
- Proportion of the enterprise’s total expenses for research and development activities per total net revenue value minus input value as follows: For enterprises with a total capital of VND 6,000 billion or more and 300 employees or more: at least 0.5%, etc.;
- Portion of the number of research and development staff members holding a degree of associate or higher of the enterprise per the enterprise’s total number of workers as follows: For enterprises with a total capital of VND 6,000 billion or more and 300 employees or more: at least 1%, etc.
Hoang Le
