Tech Transfer Straightened Out

For the first time, definitions of “high technology”, “new technology” and “advanced technology” have been issued.

The new Law on Technology Transfer is set to paint technology issues with an even brush.
When the seven-chapter, 61-article law dated November 29, 2006 by the National Assembly (the “Law”) comes into force from July 1, 2007, superseding Decree No. 11 dated February 2, 2005 (“Decree 11”), technology transfer (TT) activities will be governed by a higher level legal document and this is expected to create more unification of TT regulations with other Vietnamese laws, in particular, the Civil Code of 2005. Read more...