ENTITIES APPLIED FOR PERMITS OF ACCESS TO GENETIC RESOURCES
The Government issued the Decree No. 59/2017/ND-CP dated May 12, 2017 of the Government on management of access to genetic resources and benefit sharing arising from their utilization.
Within that, the most is important content is the entities shall register and apply for permits: Vietnamese organizations and individuals that seek access to genetic resources for commercial purposes and commercial product development purposes; foreign organizations and individuals that seek access to genetic resources in Vietnam for any purposes; and Vietnamese organizations and individuals that wish to take genetic resources abroad.
The validity period of the permit shall be determined by the permitting authority according to the objective and the plan for access to genetic resources specified in the application for the permit but not exceeding 3 years.
The monetary benefit for each product developed from utilization of genetic resources shall be at least 1% of the total annual revenue earned from such product. The monetary benefit paid to the Provider for transfer of genetic resources and derivatives thereof; use of intellectual property rights to each achievement in utilization of genetic resources shall be at least 2% of the total value of the transfer or the total amount of money collected from the use of intellectual property rights.
This Decree takes effect on July 01, 2017.
The Government issued the Decree No. 59/2017/ND-CP dated May 12, 2017 of the Government on management of access to genetic resources and benefit sharing arising from their utilization.
Within that, the most is important content is the entities shall register and apply for permits: Vietnamese organizations and individuals that seek access to genetic resources for commercial purposes and commercial product development purposes; foreign organizations and individuals that seek access to genetic resources in Vietnam for any purposes; and Vietnamese organizations and individuals that wish to take genetic resources abroad.
The validity period of the permit shall be determined by the permitting authority according to the objective and the plan for access to genetic resources specified in the application for the permit but not exceeding 3 years.
The monetary benefit for each product developed from utilization of genetic resources shall be at least 1% of the total annual revenue earned from such product. The monetary benefit paid to the Provider for transfer of genetic resources and derivatives thereof; use of intellectual property rights to each achievement in utilization of genetic resources shall be at least 2% of the total value of the transfer or the total amount of money collected from the use of intellectual property rights.
This Decree takes effect on July 01, 2017.
The Government issued the Decree No. 59/2017/ND-CP dated May 12, 2017 of the Government on management of access to genetic resources and benefit sharing arising from their utilization.
Within that, the most is important content is the entities shall register and apply for permits: Vietnamese organizations and individuals that seek access to genetic resources for commercial purposes and commercial product development purposes; foreign organizations and individuals that seek access to genetic resources in Vietnam for any purposes; and Vietnamese organizations and individuals that wish to take genetic resources abroad.
The validity period of the permit shall be determined by the permitting authority according to the objective and the plan for access to genetic resources specified in the application for the permit but not exceeding 3 years.
The monetary benefit for each product developed from utilization of genetic resources shall be at least 1% of the total annual revenue earned from such product. The monetary benefit paid to the Provider for transfer of genetic resources and derivatives thereof; use of intellectual property rights to each achievement in utilization of genetic resources shall be at least 2% of the total value of the transfer or the total amount of money collected from the use of intellectual property rights.
This Decree takes effect on July 01, 2017.
