The Ministry of Science and Technology has issued a circular on criteria for projects investing in high-tech research and development facilities, and in producing products at high-tech parks.

Accordingly, projects producing products at high-tech parks are required to meet regulations set by the Government Decree No. 10/2024/NĐ-CP (the Decree) on high tech parks.

Under the Decree,  products to be produced by such a project must be included in the List of High-Tech Products Encouraged for Development with the annual revenue ratio generating from the project accounting for at least 80% of its total annual revenue.

Additionally, the number of workers holding vocational education diplomas or university degrees must account for at least 75% of the total number of workers of the project.

The project must have a capital investment scale from VND6 trillion ($234 million) upwards and at least 3,000 workers.  

Projects investing in high-tech research and development facilities are also required to earmark at least 80% of their operation cost for research and development activities. They also need to have enough equipment and machines in service of research and development activities.

The circular takes effective from December 23, 2024.