Adjust Investment Registration Certificate in Chanh Hung Ward, Ho Chi Minh City

After the reorganization of administrative units in Ho Chi Minh City, Chanh Hung Ward was established on the basis of mergers from the areas of Ward 4 (District 8), Rach Ong, Hung Phu Ward and part of the natural area and population size of Ward 5 (District 8). This change means that the addresses of businesses and investment projects operating in the area no longer match the actual administrative name. Therefore, investors need to carry out the procedures for adjusting the Investment Registration Certificate to update the address information for accuracy. Viet An Law would like to guide customers on the procedures for adjusting the investment registration certificate in Chanh Hung Ward after the merger of administrative boundaries through the article below.

Situation of foreign investment projects in old wards before merging into Chanh Hung Ward

The investment environment here is dominated by domestic investors, especially in the real estate sector. Large, pioneering apartment projects in the region are all developed by domestic capital, for example:

• Topaz Elite / Topaz City Project: Investor Van Thai Land (headquartered in Ward 4).
• The Pegasuite project: Investor Phuong Viet Investment Joint Stock Company.

The absence of FDI is not a coincidence. The region has long been unattractive for FDI inflows. However, with two key projects that have been underway in the near future, it promises to be a lever to attract FDI investment in this area.

Now is the golden time for investors to look for investment opportunities. Potential areas for FDI inflows in the next period include:

• Mixed-use real estate: Developing large-scale projects in clean land banks along the Double Canal, integrating commercial, high-end apartments with river views and offices.
• Transportation of goods and passengers: Exploiting the advantages of the inland waterway terminal and the connection location of the Double Canal to develop new-generation logistics centers, serving the distribution of goods in the city by waterway.

Cases of mandatory adjustment of the Investment registration certificate in Chanh Hung Ward

According to the provisions of Article 41 of the Law on Investment 2020, investors are obliged to carry out procedures for adjusting the Investment Registration Certificate when the adjustment of the project leads to changes in any recorded contents. Specific adjustment cases include:

• Identifiers:
  • Name of the investment project.
  • Investor information.
  • Investment project code.
• Project scale and scope:
  • Project implementation location, land area used.
  • Objectives and scale of the investment project.
• Financing and Terms:
  • The investment capital of the project (including the investor’s contributed capital and mobilized capital).
  • Duration of operation of the investment project.
  • Progress of investment project implementation.
• Other terms and conditions (if any):
  • Forms of investment incentives and support, grounds and conditions for application.
  • Conditions for investors implementing projects.

Thus, any changes related to the above-mentioned items give rise to legal obligations for investors to adjust the Investment Registration Certificate. However, is it mandatory to adjust the Investment Registration Certificate immediately after the merger of administrative boundaries? In the spirit of Official Letter 4370/BKHDT-DKKD, the guidance on business registration has clearly stated two principles:

• The legality of old papers remains the same: Certificate of registration of enterprises, business households, and cooperatives (including branches and representative offices) issued before the time of merger continue to be legally valid for use in all transactions.
• Not required to update: The business registration authority is not required or obliged to carry out the procedure for changing address information individually and instantly. Businesses are allowed to actively update new address information at the most convenient time.

Preparation of dossiers to adjust investment registration certificate in Chanh Hung Ward

According to Clause 16, Article 1 of Decree 239/2025/ND-CP amending Decree 31/2021/ND-CP guiding the Law on Investment, a dossier to carry out procedures for adjusting the Investment registration certificate includes the following documents:

• Written request for adjustment of the investment project (Form A.I.1 according to Circular 25/2023/TT-BKHDT);
• Report on the implementation of the investment project up to the time of adjustment;
• The investor’s decision on the adjustment of the investment project for the institutional investor;
• Copy of identity card/ID card/passport (for individual investors) or certificate of establishment/equivalent documents (for institutional investors);
• Proposal of the investment project, clearly stating the contents of adjustment (objectives, scale, investment capital, location, duration, schedule, labor, investment incentives);
• Financial statements of the last 02 years or commitment to financial support from the parent company/financial institution;
• Documents related to the content of the adjustment (e.g. land lease contract if the project location is changed).

Submit a dossier to adjust investment registration certificate in Chanh Hung Ward

Pursuant to Article 39 and Clause 2, Article 41 of the Law on Investment 2020, the competent authority to receive dossiers of adjustment of investment registration certificate in Ho Chi Minh City includes:

Department of Finance of Ho Chi Minh City

The Department of Finance of Ho Chi Minh City shall adjust the Investment Registration Certificate for investment projects located outside industrial parks, export processing zones, hi-tech parks and economic zones.

• Address: 32 Le Thanh Ton, Saigon Ward, Ho Chi Minh City.
• Phone: (028).38.293.179 – (028).38.227.495
• Email: stc@tphcm.gov.vn

Currently, the Department of Planning and Investment has been merged into the Department of Finance.

Management Board of Hi-Tech Parks and Industrial Parks of Ho Chi Minh City

The Management Board of Hi-Tech Parks and Industrial Parks of Ho Chi Minh City shall adjust the Investment Registration Certificate for investment projects in industrial parks, export processing zones, hi-tech parks and economic zones.

• Address: 35 Nguyen Binh Khiem Street, Saigon Ward, Ho Chi Minh City, Vietnam
• Phone: 84-28.38290.414 – 38290.405
• Email: hepza@tphcm.gov.vn

All difficulties and problems related to the adjustment of investment registration certificate in Chanh Hung Ward after the merger, please contact the legal consultancy department of Viet An Law Firm for detailed advice and the most effective support