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This research aims to introduce a new mode of operation based on Michael Porter’s model of value chain with some adjustments to the operational mode of public science and technology (S&T) organizations in Vietnam. | 76 The adjusted value chain model for the public S&T organizations THE ADJUSTED VALUE CHAIN MODEL FOR THE PUBLIC SCIENCE AND TECHNOLOGY ORGANIZATIONS IN LINE WITH THE CONDITIONS OF VIETNAM Dr. Bui Tien Dung1 Management Technology Institute Abstract: This research aims to introduce a new mode of operation based on Michael Porter’s model of value chain with some adjustments to the operational mode of public science and technology (S&T) organizations in Vietnam. The new mode of operations illustrates the relationships between activities within the research, business and production associated organizations and their approaches to create values. Besides, the model could be a basis for the managers to evaluate and provide decisive considerations to outsource for their partners some of these activities in the value chain. Keywords: Value chain; Public S&T organizations. Code: 16120801 1. Introduction The nature of the public S&T organizations is of the competent management government-owned agencies’ decision for establishment. Regulated by Vietnamese laws, a public S&T organization is either a scientific research institute, a R&D organization or a S&T service unit, which is organized in one of the following forms such as institutes, research centres, laboratories, research stations, monitoring stations, testing stations or any other R&D units; whose authority belongs to either the Government, the Prime Minister, related ministries, ministerial-equivalent agencies, governmental agencies, the People Committee of provinces and cities under the central government, universities, academies, colleges and state corporations. In terms of legitimate aspects, the public S&T organisations have currently been operated in the shape of regulations guided by governmental administrative agencies. The Circular No. 10/2005/TT-BKHCN dated on 24th August 2005 provided the guideline on conditions for establishment and operational registration of S&T organizations. This is the .