Vietnam Investment Consultant
23/03/2017 16:48
An investment is an asset or item that is purchased with the hope that it will generate income or will appreciate in the future. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or will be sold at a higher price for a profit
1. Types of foreign investor:
Foreign investor, pursuant to Investment Law 2014, means an individual holding a foreign nationality or an organization established under foreign laws an making business investment in Vietnam. Foreign investor includes 3 types as follow:
An individual with a foreign nationality conducting business investment activities in Vietnam; or
An organization established in accordance with foreign law conducting business investment activities in Vietnam; or
An economic organization which established in Vietnam with 51% or more charter capital directly or indirectly owned by foreign investors, where:
a) 51% of charter capital or more is held by foreign investors, or the majority of the general partners are foreigners if the business organization is a partnership;
b) 51% of charter capital or more is held by the business organizations;
c) 51% of charter capital or more is held foreign investors and the business organizations.
2. Procedures for establish of economic organizations in Vietnam
In case of in-principle decision projects of Provincial People’s Committees:
Foreign investor, pursuant to Investment Law 2014, means an individual holding a foreign nationality or an organization established under foreign laws an making business investment in Vietnam. Foreign investor includes 3 types as follow:
An individual with a foreign nationality conducting business investment activities in Vietnam; or
An organization established in accordance with foreign law conducting business investment activities in Vietnam; or
An economic organization which established in Vietnam with 51% or more charter capital directly or indirectly owned by foreign investors, where:
a) 51% of charter capital or more is held by foreign investors, or the majority of the general partners are foreigners if the business organization is a partnership;
b) 51% of charter capital or more is held by the business organizations;
c) 51% of charter capital or more is held foreign investors and the business organizations.
2. Procedures for establish of economic organizations in Vietnam
In case of in-principle decision projects of Provincial People’s Committees:
- Step 1: The investor shall submit the project dossiers to the registry office. Within 35 days from the day on which the project dossier is received, the registry office shall notify the investor of the result, where:
Within 03 working days from the day on which the satisfactory dossier is received, the registry office shall send written requests for opinions from the regulatory agencies.
Within 15 days from the receipt of the project dossier, the inquired agencies shall send written responses to the registry office.
Within 05 working days from the receipt of the registry office’s request, the land authority shall provide copies of maps, the planning authority shall provide information about planning as the basis for making appraisal.
Within 25 days from the day on which the investment project dossier is received, the registry office shall make and submit an appraisal report to the People’s Committee of the province.
Within 07 working days from the receipt of the project dossiers and appraisal report, the People’s Committee of the province shall issue the decision on investment policies. In case of rejection, a written response providing explanation shall be made.
Within 15 days from the receipt of the project dossier, the inquired agencies shall send written responses to the registry office.
Within 05 working days from the receipt of the registry office’s request, the land authority shall provide copies of maps, the planning authority shall provide information about planning as the basis for making appraisal.
Within 25 days from the day on which the investment project dossier is received, the registry office shall make and submit an appraisal report to the People’s Committee of the province.
Within 07 working days from the receipt of the project dossiers and appraisal report, the People’s Committee of the province shall issue the decision on investment policies. In case of rejection, a written response providing explanation shall be made.
- Step 2: Within 05 working days from the receipt of the decision on investment policies, the registry office shall issue the Certificate of Investment Registration to the investor.
In case of non in-principle decision projects:
- Step 1: The investor shall submit the project dossiers to the registry office;
- Step 2: Within 15 days from the receipt of sufficient dossiers, the registry office shall issue the Certificate of Investment Registration. In case of rejection, a writen response with explaination shall be made.
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