Previously, foreign investment cooperation in the field of education, training and scientific research complied with Decree 06/2000/ND-CP date 06/03/2000. This is Decree implemented Foreign Investment Law in Vietnam. Now as the Foreign Investment Law is
Foreign investment cooperation in the education field is currently subject to Vietnam's WTO commitments. Accordingly, in education, Vietnam only commits to open the education market in such lines as technique, natural science and technology, business management and business science, economics, accounting, international and language training. Accordingly, foreign investors are permitted to provide services higher education […]
For fields and sectors in which business licenses are required, must investors obtain business licenses before or after the issuance of the Investment Certificate?
Business licenses are approvals from the competent State agencies to the enterprise or economic organizations before their commencement of business activities in specific fields; provisions on business licenses (including provisions on whether having to obtain the Business licenses before or after the issuance of the investment certificate) are in accordance with specialized legislations; The regulations on […]
Please specify the sectors/lines in which investment laws and relevant laws stipulate that practice permits must be available?
1.Clause 2 Article 7 of the Enterprise Law stipulates that the enterprise is only permitted to commence business if eligible for the sectors/lines which are conditional under investment laws and relevant laws, including the conditions regarding practice permits. 2.Article 6 Decree 139/2007/ND-CP dated 05/9/2007 providing guidelines on practice permits (stipulated in clause 4 Article 16, […]
Please specify those who have to submit the practice permits?
According to the regulations on the items included in the dossier relating to practice permits (clause 4 Article 16, clause 5 Article 17, clause 5 Article 18 and clause 5 Article 19 of the Enterprise Law; Article 14, 15 Decree 88/2006/ND-CP), Article 6 Decree 139/2007/ND-CP dated 05/9/2007 providing guidelines on the subjects who have to […]
Operational duration of foreign investment projects in Vietnam
The operational duration of a foreign investment project shall be compatible with the requirements on operation of the project and shall not exceed 50 years. In case of necessity, the Government shall decide on the prolongation of such duration, which, however, shall not exceed 70 years. The operational duration of a project shall be written in the investment certificate. […]
Adjustment of investment projects in Vietnam
When there is a need to adjust investment projects regarding their objectives, scales, locations, forms, capital and duration, the investors shall fill in the following procedures: a) For projects subject to investment registration, the investors shall make their own decisions and register adjustment contents with provincial-level state agencies in charge of investment within 10 days after deciding on adjustment; b) For […]
Examination of investment projects in Vietnam
1. Domestic investment projects and foreign investment projects in Vietnam capitalized at VND 300 billion or more each and those on the list of conditional investment projects must go through examination procedures in order to be granted investment certificates. 2. The investment examination time limit shall not exceed 30 days after complete and valid dossiers are received; in case of necessity, this time limit may […]
Procedure of registering investment in Vietnam applicable to foreign investment projects
For foreign investment projects capitalized at under VND 300 billion each and falling outside the list of conditional investment domains, investors shall fill in the investment registration procedures at provincial-level state agencies in charge of investment in order to be granted investment certificates. 2. An investment registration dossier shall comprise: a) Documents on contents specified in Clause 3, Article 45 of this Law; b) The report on […]
Procedures of investment in Vietnam
Procedures of registering Investment in Vietnam applicable to domestic investment projects 1. For domestic investment projects capitalized at under VND 15 billion each and falling outside the list of conditional investment domains, investors shall not have to fill in the investment registration procedures. 2. For domestic investment projects capitalized at between VND 15 billion and under VND 300 billion each and falling outside the list […]