A comprehensive guide to Vietnam’s high-tech enterprise certification: process, standards and tax incentives

Against the backdrop of rapid global economic development and continuous technological progress, high-tech enterprises have become the core force driving national innovation and development. The Vietnamese government has a deep understanding of this and has listed the cultivation and development of high-tech enterprises as an important part of the national strategy. The recognition of high-tech enterprises is not only an honor, but also an important way for enterprises to obtain government support and preferential policies.

For enterprises, obtaining high-tech enterprise qualification means many strategic advantages:

First, tax incentives are the most direct economic benefit. High-tech enterprises can enjoy significantly lower corporate income tax rates, which greatly reduces the tax burden of enterprises and provides more financial support for their R&D investment and business expansion.

Secondly, preferential policies in land use and talent introduction have created favorable conditions for the long-term development of enterprises. These policies support enterprises to better attract high-end talents and obtain key resources.

Furthermore, the recognition of high-tech enterprises brings brand effect and market recognition to enterprises, which helps enterprises stand out in market competition and attract more business cooperation opportunities and investments.

Finally, as the objects of key government support, high-tech enterprises are often more likely to obtain support from various government projects and the favor of industrial funds, which provides strong backing for the continuous innovation of enterprises.

Vietnam’s strategy to promote the development of high-tech is based on its deep insight into the country’s long-term development. In recent years, Vietnam’s economy has maintained rapid growth, but it is also facing the challenges of industrial structure optimization and economic transformation. In this context, the development of high-tech industries has become a key choice for Vietnam to achieve sustainable development.

First, Vietnam is trying to get rid of its dependence on labor-intensive industries. By developing high-tech industries, Vietnam aims to improve its position in the industrial chain, increase economic added value, and thus occupy a more advantageous position in the global value chain.

Secondly, facing increasingly fierce international competition, Vietnam realizes that only by mastering core technologies can it maintain competitiveness in the future economic landscape. The cultivation of high-tech enterprises is an important way to enhance the country’s overall innovation capabilities.

Furthermore, Vietnam is actively responding to the challenge of the gradual disappearance of the demographic dividend. The development of high-tech industries will help improve labor productivity and ease the pressure brought by rising labor costs.

In addition, the Vietnamese government recognizes that the development of high-tech plays an important role in attracting foreign investment and promoting international cooperation. By providing preferential policies, Vietnam hopes to attract more multinational companies to set up R&D centers and high-tech production bases in Vietnam.

Finally, the development of high-tech industries is also an important measure for Vietnam to cope with climate change and promote sustainable development. Many high-tech technologies, such as new energy and new materials, are closely related to environmental protection and sustainable development.

In this context, the Vietnamese government has formulated a series of policies, including the “2021-2030 Economic and Social Development Strategy under the Vision 2030” and the “Science and Technology Innovation Development Strategy to 2030”, which clearly propose to vigorously develop high-tech industries and build Vietnam into a regional innovation center. The high-tech enterprise certification system is an important part of this series of policies, which aims to identify and support enterprises with real innovation capabilities and development potential.

By implementing the recognition of high-tech enterprises, the Vietnamese government hopes to create a good innovation ecosystem, encourage more companies to increase R&D investment, promote technological innovation, and ultimately achieve the goals of industrial upgrading and high-quality economic development.

For companies that intend to invest in Vietnam or are already operating in Vietnam, a deep understanding of the importance and background of high-tech enterprise recognition will not only help them seize policy dividends, but also better integrate corporate development strategies with Vietnam’s national development strategies to achieve mutual benefit and win-win results.

Certification Standards for High-tech Enterprises

In order to promote national technological innovation and industrial upgrading, the Vietnamese government has formulated a set of strict and comprehensive high-tech enterprise certification standards. These standards cover multiple aspects such as technology field, R&D investment, talent structure, and income structure, aiming to ensure that the certified enterprises truly have high-tech strength and innovation capabilities. The following is a detailed analysis of each standard:

1. Technical field requirements

The Vietnamese government has clearly defined the technical fields that are eligible for recognition as high-tech enterprises, mainly including:

a) Information technology and communications

b) Biotechnology

c) New material technology

d) Automation technology

e) Aerospace Technology

f) New and renewable energy technologies

g) Environmental protection technology and resource efficient utilization technology

h) Nanotechnology

Enterprises must prove that their core technology belongs to one or more of the above fields and that the technology is at an advanced level in Vietnam or internationally. It is worth noting that the Vietnamese government will regularly update this list to reflect global technology development trends.

2. R&D investment ratio

R&D investment is an important indicator to measure the innovation capability of enterprises. Vietnam’s R&D investment ratio requirements for high-tech enterprises are as follows:

For companies with annual turnover not exceeding VND100 billion (approximately USD4.3 million): R&D investment shall not be less than 3% of turnover

Enterprises with annual turnover between VND100 billion and VND300 billion: R&D investment shall not be less than 2% of turnover

For enterprises with annual turnover exceeding VND 300 billion: R&D investment shall not be less than 1% of turnover

R&D investment includes direct expenses for R&D activities, such as R&D staff salaries, equipment purchases, material costs, etc. Enterprises need to have detailed records of R&D expenditures and related financial vouchers.

3. Proportion of high-quality talents

High-tech enterprises need to have a sufficient proportion of high-quality R&D talents. The specific requirements are as follows:

The proportion of employees directly engaged in R&D activities in the total number of employees in the enterprise is not less than 5%

Educational requirements for R&D personnel: At least 70% must have a bachelor’s degree or above

The person in charge of the enterprise or the project leader must have relevant professional background and at least 5 years of R&D or management experience

In addition, companies also need to demonstrate that they have a sound talent training and introduction mechanism to ensure continued innovation capabilities.

4. Income requirements

The proportion of revenue from high-tech products or services is an important indicator for measuring an enterprise’s technology commercialization capabilities. The requirements are as follows:

The proportion of high-tech product or service revenue in the total enterprise revenue is not less than 70%

For newly established enterprises that are less than 5 years old, this ratio can be appropriately reduced, but shall not be less than 50%

Enterprises need to clearly distinguish between revenue from high-tech products/services and other revenue, and keep relevant sales records and financial statements.

5. Other relevant standards

In addition to the above main criteria, enterprises must also meet the following conditions:

a) Intellectual Property Protection: The enterprise must have valid intellectual property rights related to its high-tech products or services, such as patents, trademarks or copyrights.

b) Quality management system: The enterprise needs to pass ISO 9001 or equivalent quality management system certification.

c) Environmental and energy management: Enterprises are encouraged to obtain ISO 14001 environmental management system and ISO 50001 energy management system certification.

d) Technological innovation mechanism: Enterprises should establish a sound technological innovation mechanism, including R&D management system, innovation incentive policy, etc.

e) Industry-University-Research Cooperation: Encourage enterprises to establish long-term cooperative relationships with universities and research institutions and carry out joint R&D projects.

f) Social responsibility: Companies need to prove that they have fulfilled their social responsibilities in terms of environmental protection, employee rights protection, etc.

These standards comprehensively reflect the comprehensive strength of enterprises in terms of technological innovation, talent cultivation, business management, etc. It is worth noting that the Vietnamese government will regularly adjust and update these standards based on national development strategies and global technological trends. When applying for high-tech enterprise certification, enterprises need to pay close attention to the latest policy requirements and be fully prepared.

Meeting these standards is not only a necessary condition for obtaining high-tech enterprise certification, but also an important way for enterprises to enhance their innovation capabilities and competitiveness. Enterprises should regard meeting these standards as part of their long-term development strategy, not just for the sake of obtaining certification and related preferential policies.

Detailed Explanation of the Identification Process

The certification process of Vietnam’s high-tech enterprises is a systematic process that requires enterprises to make adequate preparations and precise execution. The following is a detailed analysis of the process:

1. Preparation

self assessment:Enterprises should first conduct self-assessment against the high-tech enterprise certification standards to ensure that they meet the basic requirements. This includes checking the technical field, R&D investment, talent structure, income structure and other aspects.

Establish a special team:It is recommended to set up a dedicated application team, including representatives from multiple departments such as technology, finance, and legal affairs. This team will be responsible for the coordination and execution of the entire application process.

Create a schedule:Based on the actual situation of the enterprise and the government’s acceptance time, a detailed application timetable will be formulated to ensure that each link is carried out in an orderly manner.

Initial consultation:Conduct preliminary communication with the local science and technology department or high-tech park management committee to understand the latest policy requirements and application considerations.

2. Preparation of application materials

Application Form:When filling out the “Application Form for Recognition of High-tech Enterprises”, attention should be paid to the accuracy and completeness of the details.

Basic information of the company:Prepare basic certification documents such as business license, organization code certificate, tax registration certificate, etc.

Intellectual Property Certificate:Organize the intellectual property certification documents such as patents, software copyrights, integrated circuit layout designs, etc. owned by the enterprise.

R&D Description:Prepare detailed R&D activity reports, including R&D project descriptions, R&D investment details, R&D results, etc.

Financial Information:Prepare financial documents such as audit reports for the past three years, high-tech product (service) revenue details, etc.

Talent qualification certificate:Organize the academic certificates, professional title certificates, etc. of senior technical personnel and R&D personnel.

Proof of technological innovation capability:Prepare relevant supporting documents for technological innovation projects, scientific and technological awards, participation in standard setting, etc.

Other supporting documents:Such as quality management system certification, environmental management system certification and other related certificates.

3. Submit your application

Material review:Before formal submission, an internal review is conducted to ensure that all materials are complete, accurate and consistent.

Online Application:Submit electronic application materials through the online platform designated by the Ministry of Science and Technology of Vietnam.

Paper materials submission:Submit paper application materials as required, usually originals and copies.

Pay the application fee:Pay the application fee as required and keep the payment receipt.

4. Review process

Formal Examination:The science and technology department will first conduct a formal review of the application materials to ensure their completeness and standardization.

Expert Review:The review committee is composed of industry experts who conduct a comprehensive assessment of the company’s technical level, innovation capability, etc.

On-site inspection:For some enterprises, the review committee may conduct on-site inspections to understand the enterprise’s situation first-hand.

Comprehensive review:The review committee discusses the company’s situation and forms review opinions.

Announcement:The evaluation results will be announced on the designated platform and subject to public supervision.

5. Announcement of results and issuance of certificates

Result notification:The science and technology department will notify the enterprise of the review results in writing.

Objection handling:If there is any objection, the enterprise may apply for reconsideration within the specified time.

Certificate issuance:Enterprises that pass the certification will receive the “High-tech Enterprise Certificate”.

Information Announcement:The recognition results will be announced on the official website of the Ministry of Science and Technology and other designated media.

Follow-up service:Relevant departments will provide policy consultation and service support to recognized enterprises.

The entire certification process usually takes 3-6 months, depending on the completeness of the application materials and the progress of the review. Enterprises need to note that after obtaining certification, they need to continue to maintain their innovation capabilities and apply for re-certification in a timely manner before the expiration of the validity period.

In addition, enterprises should pay close attention to policy changes, as the recognition standards and processes may be updated according to the adjustment of the national innovation strategy. It is recommended that enterprises maintain good communication with local science and technology authorities and keep abreast of the latest policy trends to ensure the smooth progress of the recognition process.

Tax Preferential Policies

After being recognized as a high-tech enterprise, the enterprise can enjoy a series of preferential policies provided by the Vietnamese government. These policies cover corporate income tax, land use, import and export taxes and other financial support measures, aiming to encourage enterprises to continue to invest in research and development, enhance technological innovation capabilities, and thus promote the development of Vietnam’s high-tech industry.

In terms of corporate income tax, high-tech enterprises can enjoy very attractive benefits. First, a preferential tax rate of 10% is applied for 15 years, which can be extended to a maximum of 30 years for projects that are particularly significant or have a significant impact on the country’s social and economic development. Secondly, enterprises can enjoy a 4-year tax exemption period, followed by a 50% reduction in tax for the next 9 years. In addition, qualified R&D expenses incurred by enterprises can be deducted by 50% when calculating taxable income. For fixed assets used for R&D, enterprises can also use accelerated depreciation.

In terms of land use, high-tech enterprises can also enjoy significant benefits. Enterprises can enjoy land rent exemption for up to 15 years, and can enjoy a 50% reduction in land rent for a period of time thereafter. In high-tech parks, high-tech enterprises can also enjoy priority site selection rights. For enterprises investing in designated high-tech parks, the government may provide infrastructure construction subsidies.

To support the international development of high-tech enterprises, Vietnam provides a series of import and export tax incentives. Raw materials, parts and equipment used for the research and development and production of high-tech products that cannot be produced in Vietnam are exempt from import tax. High-tech products can enjoy export tax exemptions. Certain high-tech products and services can also enjoy VAT exemptions or zero tax rates.

In addition to the above major benefits, high-tech enterprises can also receive a number of financial supports. Enterprises can apply for low-interest or interest-free loans from the National Science and Technology Development Fund, and certain key projects can receive direct government funding. Enterprises can receive partial subsidies for the cost of training highly skilled personnel. In terms of intellectual property rights, enterprises can receive application fee subsidies and fast-track services for protection. Partial subsidies can also be received for the cost of participating in international exhibitions, and priority can be given to participating in trade promotion activities organized by the government. In terms of financing, high-tech enterprises can receive priority for commercial loans guaranteed by the government, and certain high-tech fields can also receive special venture capital support.

It should be noted that these preferential policies may change according to Vietnam’s economic development and industrial policy adjustments. When applying for high-tech enterprise certification, enterprises should understand the latest policy regulations in detail and continue to pay attention to policy updates after obtaining certification to maximize the use of these preferential policies.

At the same time, enterprises should also realize that the purpose of these preferential policies is to encourage continuous innovation and technological progress. Therefore, enterprises should not only regard obtaining high-tech enterprise certification as a means to enjoy tax incentives, but should use it as a driving force to improve their own technological strength and enhance market competitiveness. Only by organically combining policy incentives with the company’s own innovation and development strategy can long-term success be achieved in Vietnam’s high-tech industry.

Application Strategies and Notes

Applying for high-tech enterprise certification is a complex process that requires companies to be fully prepared and pay attention to a series of key issues. This section will explore common problems in the application process and their solutions, focus on key points in application preparation, and provide suggestions for maintaining high-tech enterprise qualifications.

1.Common Problems and Solutions

In the process of applying for high-tech enterprise certification, enterprises often encounter some common challenges. The most common one is the problem of insufficient R&D investment ratio. Many enterprises find it difficult to achieve the required R&D investment ratio. The solution to this problem is to plan ahead and gradually increase R&D investment while ensuring the authenticity and relevance of R&D activities. In addition, enterprises can consider cooperating with universities or research institutions to improve R&D efficiency.

Another common problem is that the proportion of high-quality talents does not meet the standard. In response to this, companies can adopt active talent recruitment strategies, while strengthening internal training to improve the skills of existing employees. At the same time, they can consider setting up talent introduction plans to attract high-level overseas talents.

Inadequate document preparation is also a common problem. When preparing application materials, many companies find that the usual technical document management is not standardized. To solve this problem, companies need to establish a sound technical document management system and regularly organize and update relevant materials.

2.Key points for application preparation

Successfully applying for high-tech enterprise certification requires enterprises to be fully prepared at several key points. First, enterprises should carefully study the certification standards to ensure that all indicators meet the requirements. This includes technical fields, R&D investment, talent structure, intellectual property rights and other aspects.

Secondly, enterprises need to establish a sound financial accounting system, especially the separate accounting of R&D expenses. This not only helps to accurately calculate the R&D investment ratio, but is also an important review point in the application process.

Third, enterprises should pay attention to the accumulation and protection of intellectual property rights. This includes not only patent applications, but also various forms of intellectual property rights such as software copyrights and integrated circuit layout designs. Establishing a systematic intellectual property management system is crucial to the success of applications.

In addition, enterprises should also prepare detailed technical innovation materials to clearly demonstrate the company’s technical innovation capabilities and future development plans. These materials should be persuasive and fully reflect the company’s technological advantages.

3.Requirements for maintaining eligibility

After obtaining the high-tech enterprise certification, it is equally important to maintain this qualification. The enterprise needs to continue to meet the certification standards and submit an annual report every year. This requires the enterprise to maintain a stable R&D investment and continuously improve its technological innovation capabilities.

Enterprises should also pay attention to maintaining good financial and tax records. Any major financial problems or tax violations may lead to disqualification. Therefore, standardized financial management and tax planning are essential.

Continuous talent training and introduction is also the key to maintaining qualifications. Enterprises should establish a long-term talent development mechanism to ensure that the proportion of high-quality talents always meets the requirements.

Regular self-evaluation and improvement are also important. Companies should establish internal monitoring mechanisms to regularly check the achievement of various indicators and promptly identify and resolve problems.

Finally, companies need to pay close attention to policy changes. The high-tech enterprise certification policy may be adjusted over time, and companies should keep abreast of the latest policies and make corresponding adjustments.

In general, applying for and maintaining high-tech enterprise qualifications is a continuous process, which requires enterprises to maintain long-term investment and attention in many aspects such as technological innovation, talent training, financial management, etc. Only in this way can enterprises truly benefit from the high-tech enterprise certification and maintain continuous competitiveness in Vietnam’s high-tech industry.

Case Analysis

In order to better understand the practical application of Vietnam’s high-tech enterprise certification, we will analyze several successful enterprise cases and summarize the lessons learned. These cases cover enterprises of different industries and sizes, providing valuable references for other companies interested in applying.

1. Cases of companies that have successfully obtained certification

VinSmart Research and Manufacturing Joint Stock Company

VinSmart is a leading smart device manufacturer in Vietnam and was successfully recognized as a high-tech enterprise in 2020. The company focuses on the research and development and production of smartphones and smart home appliances.

Success factors:

Sustained high R&D investment: The company invests more than 5% of its annual revenue in R&D activities.

Strong intellectual property portfolio: more than 100 patents applied for in a short period of time.

High-quality talent team: More than 60% of employees have a college degree or above, including many PhDs who returned from overseas.

FPT Software

FPT Software is one of the largest IT service providers in Vietnam. It was recognized as a high-tech enterprise as early as 2015 and has successfully renewed it many times.

Success factors:

Innovative corporate culture: The company has established an innovation reward mechanism to encourage employees to come up with innovative ideas.

Industry-University-Research Cooperation: We have established long-term cooperative relationships with many universities to jointly carry out R&D projects.

Internationalization strategy: Actively expand overseas markets and improve technology level and innovation capabilities.

Nanogen Pharmaceutical Biotech AG

Nanogen is a leading company in Vietnam’s biotechnology field and was recognized as a high-tech enterprise in 2019. The company focuses on the research, development and production of biosimilars and vaccines.

Success factors:

Focus on core technologies: The company concentrates its resources on several key biotechnology areas.

Perfect R&D system: A complete R&D chain from basic research to clinical trials has been established.

International standard quality management: Strictly implement international GMP standards to improve the international competitiveness of products.

2. Sharing of Experience and Lessons

Planning ahead is crucial:Successful cases show that obtaining high-tech enterprise certification is not achieved overnight, but requires long-term planning and preparation. Enterprises should start to adjust their strategies 2-3 years in advance, gradually increase R&D investment, and cultivate and introduce high-quality talents.

Focus on substantive innovation:It is not enough to just meet the numerical indicators, enterprises need to make breakthroughs in substantive technological innovation. Successful enterprises often have unique technological advantages or innovative achievements in their fields.

Establish a sound innovation system:Successful cases all demonstrate the importance of establishing a systematic innovation management system, including R&D project management, intellectual property protection, talent training and many other aspects.

Pay attention to document management:Many companies find that their usual technical document management is not standardized during the application process, which leads to confusion during the application process. Establishing a sound technical document management system is one of the keys to a successful application.

Leverage external resources:Successful companies are generally good at utilizing external resources, such as cooperating with universities and participating in international exchanges, etc. This can not only improve the technical level, but also help meet the certification standards.

Continuous investment and improvement:Obtaining certification is not the end. Successful companies have maintained continuous R&D investment and innovation activities, which not only helps to maintain qualifications, but is also the key to maintaining market competitiveness.

Pay attention to policy changes:The high-tech enterprise certification policy may be adjusted over time. Successful companies pay great attention to tracking policy changes and adjust their strategies in a timely manner.

In general, these cases show that successfully obtaining and maintaining high-tech enterprise qualifications requires enterprises to make concerted efforts in strategic planning, R&D investment, talent training, innovation management, etc. At the same time, enterprises also need to combine obtaining high-tech enterprise certification with their own long-term development strategies and truly use innovation as the core driving force for enterprise development.

Future Trends and Policy Outlook

Vietnam’s high-tech enterprise certification policy is in a dynamic development stage. With the advancement of the national innovation strategy and changes in the global scientific and technological environment, relevant policies are also constantly being adjusted and improved. This section will explore possible policy change trends in the future and provide corresponding suggestions for enterprises.

1. Policy change trends

Dynamic adjustment of recognition standards:As Vietnam’s overall technological level improves, the recognition standards for high-tech enterprises may gradually increase. In particular, there may be stricter requirements in terms of the proportion of R&D investment and the proportion of high-quality talents. This reflects the Vietnamese government’s determination to promote industrial upgrading and innovation-driven development.

Targeted support in key areas:Future policies may pay more attention to supporting the country’s strategic emerging industries. For example, artificial intelligence, new energy, biotechnology and other fields may receive more policy support. This means that companies in these fields may enjoy more favorable policies.

Deepening of Industry-University-Research Cooperation:It is expected that the government will further encourage cooperation between enterprises and universities and research institutions. Future policies may provide more preferential measures for industry-university-research cooperation projects, such as a higher additional deduction ratio for R&D expenses.

Enhanced international orientation:In order to enhance the international competitiveness of Vietnamese enterprises, future policies may pay more attention to the internationalization of enterprises. For example, they may increase the assessment indicators of international patent applications and participation in the formulation of international standards.

Emphasis on green innovation:As the world pays more attention to sustainable development, the future high-tech enterprise certification policy may pay more attention to the green innovation capabilities of enterprises. Innovation in environmental protection technology, energy conservation and emission reduction may become important evaluation indicators.

Advancing digital transformation:The development of the digital economy will further accelerate, and future policies may place greater emphasis on the digital transformation capabilities of enterprises. The application of digital technologies such as big data, cloud computing, and the Internet of Things may become an important aspect of evaluating the innovation capabilities of enterprises.

2. Suggestions for enterprises

Maintain policy sensitivity:Enterprises should establish a dedicated team or designate a dedicated person to continuously monitor changes in high-tech enterprise certification policies, keep abreast of the latest policy trends, and conduct in-depth analysis in order to quickly adjust corporate strategies.

Increase investment in research and development:Considering that the requirements for R&D investment may increase in the future, enterprises should plan ahead and gradually increase R&D investment. They should not only focus on quantity, but also improve the quality and efficiency of R&D to ensure that R&D activities can be transformed into actual innovative results.

Focus on talent training and introduction:High-quality talents are the core of enterprise innovation. Enterprises should establish a long-term talent training mechanism and actively introduce high-end talents, especially professionals with international backgrounds.

Strengthening Industry-University-Research Cooperation:Actively establish long-term cooperative relationships with universities and research institutions. Consider setting up joint laboratories, jointly applying for research projects, etc. to enhance the innovation capabilities of enterprises.

Attach importance to intellectual property protection:To strengthen intellectual property management, we should not only focus on domestic patent applications, but also actively deploy international patents. At the same time, we should establish a sound intellectual property protection mechanism.

Advancing digital transformation:Actively apply digital technology to enhance the innovation capability and operational efficiency of enterprises. Consider introducing advanced R&D management systems, digital production lines, etc. to improve the overall technical level of enterprises.

Focus on green innovation:Integrating the concept of sustainable development into the company’s innovation strategy, developing green products, adopting clean production technologies, and improving energy efficiency will not only help obtain high-tech enterprise certification, but also enhance the company’s long-term competitiveness.

Establish an international perspective:Actively participate in international cooperation and exchanges, and pay attention to global technology development trends. You can consider participating in international exhibitions, joining international industry organizations, etc. to enhance the internationalization level of your company.

Optimize internal management:Improve the innovation management system, establish an effective incentive mechanism, and create a corporate culture that encourages innovation. At the same time, strengthen financial management to ensure that all indicators can meet the requirements of high-tech enterprises.

In general, in the face of possible policy changes in the future, enterprises need to maintain strategic focus, continue to invest in innovation, and remain flexible and able to quickly adapt to policy adjustments. Only in this way can enterprises seize opportunities in the wave of Vietnam’s high-tech development and achieve long-term development.

Conclusion

Vietnam’s high-tech enterprise certification system is an important strategic measure for the government to promote national innovation and enhance industrial competitiveness. Through the in-depth analysis of this article, we can see that this system not only provides significant tax incentives and policy support for enterprises, but more importantly, it points the way for Vietnam to build a modern, innovation-driven economic system.

Obtaining high-tech enterprise certification is both a challenge and an opportunity for enterprises. It requires enterprises to meet high standards in R&D investment, talent training, and technological innovation, which will undoubtedly bring certain pressure to enterprises. However, it is this pressure that drives enterprises to continuously improve their innovation capabilities and competitiveness. Those enterprises that successfully obtain certification can not only enjoy policy dividends, but more importantly, in the process of improving their own strength, they have laid a solid foundation for future sustainable development.

It is worth noting that the recognition of high-tech enterprises should not be regarded as a one-time honor or a simple tax incentive tool. It represents a corporate development model of continuous innovation and continuous progress. Successful enterprises often regard the recognition as a new starting point, and on this basis further increase innovation investment, expand technology fields, improve management level, and ultimately achieve leapfrog development.

For companies that intend to apply for high-tech enterprise certification, the application strategies, precautions and case analysis provided in this article hope to provide a useful reference. However, the specific circumstances of each enterprise are different, so in actual operation, it is necessary to combine its own characteristics and formulate a suitable application and development strategy.

Looking ahead, with the continued development of Vietnam’s economy and the continuous improvement of the innovation environment, the high-tech enterprise certification system will also evolve. Enterprises need to maintain a keen insight into policies and seize new opportunities brought about by policy changes in a timely manner. At the same time, enterprises should also realize that the real core competitiveness comes from continuous innovation capabilities and market adaptability, not just policy preferences.

In general, Vietnam’s high-tech enterprise certification system provides a good development platform and policy environment for enterprises. Enterprises should make full use of this opportunity and transform the policy dividends into their own innovation motivation and competitive advantage. Through continuous innovation and development, Vietnamese enterprises are expected to occupy a more important position in the global high-tech industry and contribute to the high-quality development of the national economy.

In this new era of innovation-driven and fierce competition, only enterprises that insist on innovation and have the courage to change can be invincible in the market. The recognition of high-tech enterprises is not the end, but a new starting point. Let us look forward to Vietnam’s high-tech enterprises shining more brightly on the global stage in the future.

Publications

Latest News

Our Consultants

Want the Latest Sent to Your Inbox?

Subscribing grants you this, plus free access to our articles and magazines.

Our Vietnam Company:
Enterprise Service Supervision Hotline:
WhatsApp
ZALO

Copyright: © 2024 Vietnam Counseling. All Rights Reserved.

Login Or Register