The power to issue investment registration certificates in Vietnam

by BichNgoc

The State treats investors equally, adopt policies to encourage and create favorable conditions for investors to conduct business investment activities and to develop sustainably economic sectors. Then, one of the most popular forms of investment in Vietnam for foreign investors is: Capital contribution; share purchase, purchase of capital contribution to an enterprise. Let’s find out The power to issue investment registration certificates in Vietnam with LSX Law firm in the following article.

Law on investment 2020

What does “Investment registration certificate” means?

Accordingly, “Investment registration certificate” means a physical or electronic document bearing information registered by an investor about an investment project.

Related article: What is an investment certificate?

Contents of investment registration certificate

Procedures for application of the investment registration certificate

The power to issue investment registration certificates in Vietnam

Accordingly, management boards of industrial parks, export-processing zones, hi-tech zones and economic zone shall issue investment registration certificates with regard to the investment projects located therein.

Then, Departments of Planning and Investment shall issue investment registration certificates with respect to the investment projects outside industrial parks, export-processing zones, hi-tech zones and economic zones.

The investment registration authority of the administrative division where the investor executes the investment project, places or intends to place the head office or operating office to execute the investment project shall issue investment registration certificates with respect to the following investment projects:

a) Investment projects executed in at least 02 provinces.

b) Investment projects executed both inside and outside industrial parks, export processing zones, hi-tech zones and economic zones related to the power to issue investment registration certificates in Vietnam.

c) Then, Investment projects executed inside industrial parks, export processing zones, hi-tech zones or economic zones where the industrial park, export processing zone, hi-tech zone or economic zone management boards does not establish or which are not under the management of the industrial park, export processing zone, hi-tech zone or economic zone management boards.

Finally, the authority that receives investment project dossiers is the one that has the power to issue investment registration certificates, except for the cases specified in Investment Law.

Related questions about “The power to issue investment registration certificates in Vietnam”

Are there any restrictions for foreign investors when investing in Vietnam? 

Then, investors are required to meet the investment conditions of WTO commitment, international treaties on investment that Vietnam has signed or acceded to and domestic laws.
Who do regard to the investment projects located therein?

Then, management boards of industrial parks, export-processing zones, hi-tech zones and economic zone shall issue; adjust and revoke investment registration certificates with regard to the investment projects located therein
Are foreign investors’ nationality restricted when contributing capital in Vietnamese companies?

Currently, investor nationality is no longer restricted from receiving investment; except for a few nationalities who are not receive investment because it affects national defense; security; politics and social order, etc.

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Hope this article: “The power to issue investment registration certificates in Vietnam” is useful for you.

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