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Decree regulates science, technology deals
The Government issued Decree No.80/2010/ND-CP on July 14, regulating investment and co-operation with foreign partners in the area of science and technology.
The decree covers co-operation with foreign partners in science and technology organisations, research and training. It requires co-operation agreements in science and technology area to be in the form of a written agreement or memorandum of understanding, the execution of which must be reported to the competent State authority within 15 days from the date of execution.
Foreign investment procedures in science and technology must be carried out in accordance with State law. Science and technology organisations established with foreign capital must be approved by competent State authorities and meet other investment conditions, including an investment certificate, a charter stating an appropriate scope of activities, specialised human resources and appropriate facilities. They must also be approved in writing by the provincial People's Committee in which the headquarters of the organisation is located and meet environmental requirements.
Foreign science and technology organisations that have been in operation for at least one year will be allowed to establish a representative office in Viet Nam. Those with five years in operation will be allowed to establish branches, consistent with Viet Nam's commitments under international agreements.
New rules govern social networking sites
The management of websites and online social net-works will be governed by Circular No.14/2010/TT-BBTTT, issued by the Ministry of Information and Communications on June 29.
Under the new regulation, websites that introduce products, services, or business lines of an enterprise or organisation and do not entail an exchange of information will not be required to have a license or other registration. However, the homepage must show the name, address, phone number and email address of the organisation managing the site, as well as the name of the webmaster in charge of maintaining the site.
The circular also extends the scope of websites that required registration to sites providing online social networking services, websites of media agencies, websites providing specialised applications or services, and sites that provide general information in the spheres of politics, economics, culture and society.
In addition to the information that must be shown on the homepages of unregistered sites, the homepage of a registered site must list the site's license number and issue date.
The procedure for granting a license is the same as those that are already in place for registering websites. Under the new rules, however, all registered sites must notify the licensing authority of the site's termination 10 working days prior to termination.
Lawyers of Bizconsult Law Firm
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