1. The Management Board of Phu Yen Hi-tech Application Agricultural Park is a revenue-earning unit under the People's Committee of Phu Yen province, entitled to use the capital specified at Point a, Clause 1, Article 6 of the Operation Regulation of Phu Yen Hi-tech Application Agricultural Park promulgated together with Decision No. 2292/QĐ-TTg dated November 27, 2013 of the Prime Minister; invest, associate investment or call for investment capital to build each part, each infrastructure item or some other items in the Hi-tech Application Agricultural Park.
The trading name in English is Management of Agricultural Hi-Tech Park of Phu Yen Province.
Abbreviated name: MATPY.
2. The Management Board of Phu Yen Hi-tech Application Agricultural Park shall have legal status, its seal, and accounts as prescribed by law; under the direction and management of the organization, payroll, and work of the Provincial People's Committee.