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|It will soon be clear which products will be prioritised for Vietnam's digital transformation|
The list will follow the criteria for technology products and services prioritised for investment, leasing and purchasing issued by the MIC in Circular No.40/2020/TT-BTTTT in late 2020.
The priority will be given to IT applications such as projects on investment, and purchase of technologies using state funding for development and investment activities; leasing and purchase of IT applications using regular state expenditures, IT application projects using mixed funding with state funding making up at least 30 per cent or the biggest part in a project's total investment.
Accordingly, businesses with technology products and services meeting the criteria stated in Articles 5, 6, 7, 8, 9 of Circular 40 will enjoy priority in procurement and leasing by state agencies.
Regarding Article 6, the specific criteria applied to prioritised hardware products include:
- Its functions and specifications conform to business requirements or regulations/guidelines of regulatory bodies (if any).
- It is created or designed or produced in Vietnam by a Vietnamese organisation, enterprise, or individual. The creation and design are expressed through a patent or utility solution patent or industrial design patent or another document evidencing the creation or design specified in Appendix II of the circular.
- Satisfy criteria regarding standards for quality, safety, and security of the product.
- The ratio of the cost of research and development of a product to the enterprise’s total revenue from the sale of that product within the last three years is 1 per cent or more.
For prioritised software products, specific criteria applied include the ratio of the cost of research and development of a product to the enterprise’s total revenue from the sale of that product within the latest three years is 3 per cent or more; the criteria on quality standards, safety, and security of the product.
The specific criteria are applied to prioritised digital contents who are produced in Vietnam by a Vietnamese organisation, enterprise, or individual; satisfy criteria regarding quality standards, safety and security of the digital content; have the ratio of the cost of research and development of a product to the enterprise’s total revenue from the sale of that product within the latest three years at 3 per cent or more; and others.
Digital transformation is being accelerated at state agencies, industries, and sectors and the business community, increasing demand for technology products and services.
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