Please tell us about the regulations on authorities to approve to issue Investment Certificates only applicable to foreign-invested project in Vietnam?

2005 laws on investment give general provisions on decentralization of the issuance of Investment Certificates to provincial People's Committees and Management Boards of Investment Zones, export-processing zones, high-tech zones and economic zones, Article 37 Decree 108/2006/ND-CP give general provisions on projects investing in some important fields, projects of big scale where the Prime minister shall approve the investment policies; in addition, Article 37.3 also provides for foreign-invested projects investing in 4 fields namely: (i) maritime shipping, (ii) development of networks and provision of postal, courier, telecom and internet services; development of broadcasting transmission networks, (iii)  printing and publication of newspapers, and publication (iv) establishment of independent scientific research institutes for which investment approval shall be made by the Prime minister