INVESTMENT PROCEDURES

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 of conditional investment domains, investors shall fill in the investment registration procedures according to the set forms at the provincial-level state agencies in charge of investment.

3. Contents of investment registration include:

a) Legal status of an investor;

b) Objectives, scale and location of execution of an investment project;

c) Investment capital, project execution schedule;

d) Land use demand and commitment on environmental protection;

e) Petitions on investment preferences (if any).

Projects for which provincial people's committees shall issue Investment Certificates, The Department of Planning and Investment shall receive files of the investment projects. Projects for which management committees of industrial zones, export processing zones, high-tech zones and economic zones shall issue Investment Certificates, A management committee shall receive files  of the investment projects.

Investment certificates shall concurrently be business registration certificates. Foreign-invested economic organizations already established in Vietnam, if having new investment projects, may fill in procedures for execution of such projects without having to establish new economic organizations.

Domestic investment projects and foreign investment projects 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.

1. 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. With respect of investment projects capitalized at VND 300 billion or more each and falling outside the list of conditional investment domains, investors must apply The techno-economic explanations with details on investment objectives and location, land use demand, investment scale, investment capital, project execution schedule, technological solutions and environmental solutions.

(b)  A joint venture contract in the case of establishment of a joint venture economic organization between a domestic investor and a foreign investor

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 be prolonged but shall not exceed 45 days.

In respect of projects for which under the approval authority of the Prime Minister of the Government,  An investor shall submit ten (10) sets of a file, including at least one set of original copies. In respect of projects for which the provincial people’s committee issues Investment Certificates, An investor shall submit eight (8) sets of a file including one set of original copies. In respect of projects for which the management committee issues Investment Certificates, four sets of a file, including one setoff original copies.