The Government of Vietnam encourage foreign individual, and organization to invest in the following six sectors: Fundamental Natual Science research; Research and Development for applied information technology, biotechnology, new material technology, automaton and electronic-mechanical, atomic energy and new energy sources, space technology, mechanical-machinery fabrication technology, agricultural product processing and storaging technology, waste treatment technology; High-tech human resource R&D; Development of high tech company in Vietnam; Technological transferring and Scientific-Technological services; Establishing or contributing to Scientific-Technological development funds in Vietnam.

To establish representative office, branch in Vietnam, foreign Scientific-Technological organization must operated at least one year (for representative office) or at least five years (for establishment of branch)… The operational term for Rep Office and Branch is not exceeding 5 years and not more than the remaining operational term of the foreign Scientific-Technological organization.

Apart from the regulations stipulated by the law on direct foreign investment, foreign investment project in Scientific-Technologial sectors must also satisfy the three following conditions: Must have plan for foreign investment in Scientific-Technological sector; to have consent from the Ministry of Science and Technology and rewarded investment license by the Ministry of Planning and Investment. However, there is no restriction on the contribution from foreign investor.

The items stipulated at Decree no. 80/2010/NĐ-CP regulating foreign cooperation and investment in Scientific-Technological sectors. The Decree shall come into effect on 1st September 2010.

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