investment procedures in Vietnam

INVESTMENT PROCDURES IN VIETNAM  Pursuant to:   2014 Investment Law : the National Assembly of Vietnam adopted on November 26, 2014 , took effect on July 1, 2015 Decree  of Government No.118/2015/ND- CP guideline for some articles of the law on investment PROCESS OF ISSUING INVESTMENT LICENSES 1. Timeline: Projects subject to registration for issuance […]

INVESTMENT PROCDURES IN VIETNAM 

Pursuant to:  

  • 2014 Investment Law : the National Assembly of Vietnam adopted on November 26, 2014 , took effect on July 1, 2015
  • Decree  of Government No.118/2015/ND- CP guideline for some articles of the law on investment

PROCESS OF ISSUING INVESTMENT LICENSES

1. Timeline:

  • Projects subject to registration for issuance of investment licenses: 10 days
  • Projects to be evaluated for issuance of investment licenses: 20 days.
  • Providing information, receipt of project dossier, evaluation and issuance of investment licenses (Hanoi Authority for Planning and Investment)
  • Suggestion odd project site, providing guidelines of architectural plan (Office of Chief Architects)
  • Signing contract of land lease (Department of Land and Housing Management)
  • Compensation and land clearance (The City’s Board of Land Clearance)
  • Evaluation of construction work’s technical design and issuance of construction permit (Department of Construction)
  • The application dossier will be submitted by investors to the Hanoi Authority for Planning and Investment and evaluated for issuing investment licenses (after having received written opinions of relevant ministries and submitted to Hanoi People’s Committee for approval

2. Aspects to be evaluated

•           The legal status and financial position of foreign and Vietnam investors

•           The conformity of project with the planning

•           The socio-economic benefits

•           The applied technical and technological level

•           The appropriateness and land use

DOCUMENTS REQUIRED FOR FOREIGN INVESTMENT LICENSE

1. Application for foreign investment license

2. For joint venture enterprises:  Joint venture Contract an Charter

•           For 100 % foreign owned enterprises: Charter of the enterprise

•           For Business Cooperation contract: Business Cooperation Contract

3. Documents dating the legal status and the financial capacity of foreign and the Vietnamese parties

4. Feasibility study of the project

5. Documents relating to transfer of technology (in case there is a transfer of technology)

6. Documents relating to environment protection

– Registration to meet Vietnamese environment standards

7. Legal document concerning housing and land

Other useful Information

For futher details or specials request, please contact us with:

Phone : 19006178 

or Email: lienhe@luattoanquoc.com


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