FPT issue Regulation on R&D
FPT Chairman Truong Gia Binh has just signed R &D Management Regulation, which will come into force on December 12.
•
06/12/2013
The Regulation aims at making FPT become the Vietnamese Leading Global Corporation in the field of smart services, developing and applying new technologies to existing products and services as well as creating new ICT products and services.
Under this Regulation, Technology Council, Chief Technology Officer (CTO) of FPT Corp, Board of Technology and Chief Technology Officer of member units will be responsible for R&D management.
Corporation budget for R&D activities is divided into two parts including R&D Fund of FPT Corp and units’ budgets. The Regulation also adjusts R&D expenditure norms approved by CTOs.
R&D plans of the member units will be considered by Technology Council and CTO. Meanwhile, R&D plan of the Corporation will be approved by Technology Council, Chief Financial Officer, CEO of FPT and Chairman of FPT.
FPT considers technology as the only choice to implement its own strategy. In 2011, the Corp released the Regulation spending 5 % of profit before tax on R&D.
