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Official Gazette

Thursday, December 14, 2017

Scientific and technological research at universities to enjoy investment incentives

Updated: 16:52’ - 20/11/2014

A number of incentives will be given to tertiary institutions to encourage their involvement in scientific and technological activities and promote their science and technology potential.

Under Government Decree No. 99/2014/ND-CP of October 25, tertiary institutions having great potential and sufficient personnel for research and development, those located in regions with difficult socio-economic conditions or satisfying the prescribed conditions are eligible for incentives.

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Lac Hong University’s lecturers, students make bobbin SSR automatic assembling machines for Japan-invested Nectokin Vietnam__Photo: Minh Quyet/VNA

Specifically, a tertiary institution will be entitled to preferential investment if satisfying the following four conditions: (i) having strong research teams and one PhD from among every four lecturers, (ii) having completed annual scientific and technological tasks with good results for the last three years, (iii) having science and technology enterprises or scientific research centers for practical application of research outcomes, and (iv) undertaking effective international cooperation in science and technology and having researches published in prestigious international science magazines.

Meanwhile, lecturers conducting scientific and technological researches will enjoy personal income tax incentives for their incomes from scientific and technological research contracts in prioritized and key sectors, or contracts performed in mountainous, deep-lying and extremely difficult areas. They will also receive a bonus up to 30 times of their basic salaries if publishing articles in prestigious international scientific magazines on the Institute of Science Index, Science Citation Index or Science Citation Index Expanded list.

The State will cover half of the copyright protection registration charge and give a bonus equal to an amount paid for 20 working hours to lecturers having an article published in the top science magazine on the list of the State Council of Professor Title.

Under the Decision, individuals, organizations and enterprises investing in scientific and technological activities will be entitled to exemption from personal income and enterprise income taxes and import duty.-

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