(VEN) – A new Law on Technology Transfer will come into force on July 1, 2018, including a chapter on technology imports for investment projects designed to prevent the import of machinery, equipment and technological lines that waste energy and raw materials, and cause environmental pollution. Currently, the import of technologies for foreign-invested projects is controlled by provisions of the Law on Investment, the Law on Technology Transfer, the Commercial Law and the Construction Law. In addition, the import of used equipment and technological lines is controlled through provisions such as Decision 46/2001/QD-TTg on the management of goods import and export, and Decree 12/2006/ND-CP detailing the implementation of the Commercial Law regarding international goods sale and purchase. Circular 23/2015/TT-BKHCN of the Ministry of Science and Technology also addresses the import of used machinery, equipment and technological lines. According to the Ministry of Science and Technology, since 2011, it has commented on 284 investment projects in accordance with the existing laws and decisions. During the 2010-2017 period, 115 technology transfer contracts valued at an estimated VND447 trillion were signed. In order to enhance the technology appraisal of investment projects, the new law stipulates that in the stage of investment policy decisions,… Read full this story
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