In the context of today’s economic integration, there are many popular types of foreign-invested enterprises and companies, causing many inadequacies for many people. Therefore, the issue of finding foreign investment companies is of great interest to many people. So about the matter “Looking up foreign-invested enterprises in Vietnam” Let’s find out with LSX in the article below.
Legal ground
- Investment Law 2020
- Decree 01/2021/ND-CP and Article 5 of Circular 01/2021/TT-BKHDT
National portal on foreign investment
Over the years, foreign investment has been assessed as one of the important parts of the economy, making great contributions to the socio-economic development of Vietnam. Improving the efficiency of capital sources through improving the quality of foreign investment management is an issue that needs to be focused on in the coming time.
The current national information system on foreign investment is managed and operated by the Ministry of Foreign Investment and the Ministry of Planning and Investment in accordance with the Law on Investment. This system is being operated in all localities and FDI enterprises from the stage of submitting, receiving and processing online dossiers, synthesizing reports, and collecting reports from enterprises.
The implementation of the project will help to comprehensively upgrade the functions of the System to support state management agencies in charge of investment from central to local levels to effectively manage tools for investment activities foreign investment, monitoring and policy formulation. At the same time, it will shorten the investment procedure time of private investors, contribute to improving the investment environment of Vietnam and enhance the attraction of foreign investment for socio-economic development.
Objectives of the national information system on investment
Strengthen the capacity of the National Investment Information System to improve the efficiency of investment state management and support the business community and investors in finding opportunities and developing business in Vietnam.
– Upgrade and develop the national investment information system to provide online public services to investors; online issuance of investment certificates.
– Building a national database system on foreign investment in Vietnam and investment from Vietnam to abroad, thereby providing reports and quality assessment on investment situation and trends of the country. foreign investors in Vietnam and invest Vietnam abroad, as a basis for formulating foreign investment policies in Vietnam and Vietnam abroad.
– Integrate and share data with other national information systems on the basis of the Ministry’s integrated and shared platform for the purpose of exchanging and exploiting information and analyzing MPI’s reports and providing provide information to other organizations and individuals.
– Developing information search and analysis tools to assist investors and businesses in discovering investment and business development opportunities in Vietnam.
– Develop search engine, information analysis to support investors to make investment decisions.
– Building a system that meets the requirements of ensuring information security for national information data on investment, ensuring the integrity of data for business processing as well as mining statistical reports. D
Ensuring information security is essential in this day and age when the trend of cyber attacks is increasing in many ways such as cyberattacks targeting users’ data increasing with data encryption, blackmail. , attack to steal personal information, change the integrity of data.
The construction of an information security assurance system includes human resource development and policy factors in parallel with technological factors such as system development from basic technology solutions, communication systems, etc. communication and then develop innovative solutions.
– Upgrade the system to ensure compatibility with the e-Government architecture of the Ministry of Planning and Investment. This system is installed and operated at the data center of the Ministry of Planning and Investment, located in the information technology application system of the Ministry, designed and built according to the architecture of e-government. The system ensures the connection and integration with other systems of the Ministry as well as the systems of ministries, branches and Government Offices.
The national investment information system will promote the effectiveness of policies, technology transfer and achieve socio-economic efficiency.
* Effective in terms of policy:
– Simplify and standardize the investment registration process, procedures and steps.
– Reduce risks in conducting business activities by searching for information about businesses on the National Investment Portal.
– Support the institutional apparatus of investment registration agencies from central to local levels to effectively implement investment licensing.
– Unify and improve the quality and efficiency of public administration related to investment registration and management of information on activities of FDI enterprises and projects.
With the aim of innovating in both quantity and quality in the administrative processes related to investment of the private sector in Vietnam.
The Vietnamese government ensures the transparency and efficiency of private investment-related affairs, while investors can contribute to national competitiveness and economic development by providing administrative procedures simplify as well as eliminate many costs related to administrative procedures.
* Economic and social efficiency:
– Contributing to the transparency of the business environment,
– Improve the quality of public administrative services,
– Capacity building of state administrative staff
– Create favorable conditions for businesses in the process of establishment and operation
The time and cost of completing the investment registration procedure is greatly reduced through online licensing. In addition, investors who are individuals and businesses benefit from finding information about the legal, investment environment, industry information, production and business activities in Vietnam to analyze the situation. evaluate and make sound investment decisions.
– Significantly improve the quality of the business environment.
The national investment information system has been deployed and operated at state management agencies in charge of investment nationwide. The Departments of Planning and Investment, Management Boards of Economic Zones, Industrial Parks and FDI enterprises in 63 provinces have been using the system effectively and actively in issuing IRCs, adjusting project information and submitting reports. periodic.
Looking up foreign-invested enterprises in Vietnam
Right to provide business information.
According to Clause 1, Article 33 of the Enterprise Law 2020, organizations and individuals have the right to request the state management agency in charge of business registration and the business registration authority to provide information stored on the system. national information system on business registration and must pay fees as prescribed by law.
The search for enterprise information is specified in Article 36 of Decree 01/2021/ND-CP and Article 5 of Circular 01/2021/TT-BKHDT in the following forms:
– Information is freely and publicly available on the national business registration portal at https://dangkytinhdoanh.gov.vn, including: business name; business code; head office address; business; full name of the legal representative; legal status of the business.
– Organizations and individuals who wish to provide business registration information as prescribed in Clause 1, Article 33 of the Law on Enterprises shall send a request to provide information to the national business registration portal or the Agency. management of Vietnam. The state management of business registration or the provincial business registration office will be provided with information (for a fee).
Some state regulatory agencies in charge of business registration that organizations and individuals may request for business information to include:
Ministry of Planning and Investment (Business registration support center under the Business Registration Management Department); Business Registration Office where the enterprise’s head office is located.
Fees for providing information comply with the provisions of law.
Services of LSX
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Please see more
- Regulations on foreign investment capital contribution in Vietnam
- Applying for a foreign investment certificate under Vietnam law
- Proving separate property before marriage under Vietnam law
Frequently asked questions
The Investment Law 2020 does not directly mention this type of enterprise, but rather defines it in a general way in Clause 17, Article 3 as follows: “Foreign-invested economic organization is an economic organization with foreign investors. foreign members or shareholders.”
Thus, according to this regulation, we can understand basically, FDI enterprises are enterprises with foreign direct investment capital, regardless of the percentage of capital contributed by foreign parties. Foreign direct investment enterprises include:
Enterprises with 100% foreign capital.
– Enterprises with foreign nationals, organizations established under foreign law investing (contributing capital for establishment, buying contributed capital).
Schedule of WTO commitments,
Investment Law 2020 and guiding documents;
Enterprise Law 2020 and guiding documents;
Specialized legal documents related to the field of investment.
Trade agreements with foreign investors’ nationalities.
Decree No. 09/2018/ND-CP detailing the Commercial Law and the Law on Foreign Trade Management on goods purchase and sale activities and activities directly related to the purchase and sale of goods by foreign investors. economic organizations with foreign investment capital in Vietnam;
Foreign investors must carry out procedures for issuance of an Investment Certificate when establishing a foreign-invested company, including:
The company has from 1% to 100% capital contributed by foreign investors right after its establishment;
Foreign-owned companies (which have been granted investment registration certificates in Vietnam) continue to establish more economic organizations; investment, capital contribution, purchase of shares and contributed capital of economic organizations; investment under a BCC contract in one of the following cases must carry out the procedures for issuance of an investment certificate: New establishment or capital contribution from 1% to 100% of the company’s charter capital;
Conclusion: So the above is Looking up foreign-invested enterprises in Vietnam. Hopefully with this article can help you in life, please always follow and read our good articles on the website: lsxlawfirm.com
