Currently, Da Nang City is one of the most dynamic economic development centres in Central Vietnam, attracting a growing number of foreign investors. In addition to the establishment of new investment projects, the adjustment of existing investment projects has also become increasingly common, leading to a rising demand for amending the Investment Registration Certificate. In the article below, Việt An Law provides legal consultation on the amended Investment Certificate in Da Nang City after merging.
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According to the current policy on reorganising provincial-level administrative units, Quang Nam Province and Da Nang City have been merged into a new administrative unit, retaining the name Da Nang City. The political and administrative centre is located in the current Da Nang area.
The combined potential of Quang Nam and Da Nang is substantial, especially as both localities have established comprehensive master plans. This provides a crucial foundation for more effective and integrated exploitation of the region’s strengths.
As of December 31, 2024, the city had attracted over VND 75,000 billion in domestic investment capital. This figure represents a 35.2% increase compared to the same period in 2023, which recorded VND 55,439 billion.
Among the investment activities, 10 new projects were granted decisions on investment policy approval and investment registration certificates, with a total investment capital of VND 24,393 billion, representing an increase of over 220% compared to the same period in 2023, which had only 13 projects with VND 7,609 billion in total capital.
Additionally, 6 projects underwent capital adjustments with an additional VND 50,613 billion in investment.
Several notable new projects received investment policy approval, including:
The Commercial Centre, Office for Lease, and High-rise Residential Project by Thanh Lam Real Estate JSC, with an investment capital of over VND 1,167 billion.
The Red Star Commercial Complex, Office Tower, and Apartment Project by Red Star Da Nang JSC, with a total investment of over VND 3,430 billion.
On March 5, 2025, Quang Nam Province granted Investment Registration Certificates to six notable projects, with a total investment capital exceeding VND 1,071 billion.
Among them are several key projects, including:
In addition to ongoing projects, Quang Nam is also prioritizing investment attraction in strategic sectors such as: Mineral industries (including gold, soil, gravel, and sand); Renewable energy; Medicinal herb development through the project titled “Development and Establishment of a Medicinal Herb Industrial Center in Quang Nam Province with Ngoc Linh Ginseng as the Key Crop”; Silica projects; Cooperative economy and cooperatives associated with OCOP products, among others.
The Investment Registration Certificate is a physical or electronic document recording the investor’s registered information regarding the investment project. The certificate includes specific contents as stipulated under Article 40 of the Law on Investment 2020.
During the implementation of an investment project, investors have the right to adjust project objectives, transfer part or all of the project, merge projects or split one project into several, use land use rights and on-site assets as capital contributions to establish an enterprise or engage in business cooperation, among other matters.
According to Article 41 of the Law on Investment 2020, if the adjustment of the investment project results in changes to the contents of the Investment Registration Certificate, the investor must carry out procedures to adjust the certificate.
Specifically, the following cases result in changes to the content of the Investment Registration Certificate:
Under Article 39 and Clause 2, Article 41 of the Law on Investment 2020, the competent authorities responsible for receiving the dossier for adjustment of the Investment Registration Certificate in Da Nang City include:
The Department of Finance of Da Nang City is responsible for adjusting the Investment Registration Certificate for investment projects outside industrial parks, export processing zones, high-tech parks, and economic zones.
Note: This authority previously belonged to the Department of Planning and Investment. However, this department has now been merged into the Department of Finance.
The Da Nang Hi-Tech Park and Industrial Zones Authority is responsible for adjusting the Investment Registration Certificate for investment projects located within industrial parks, export processing zones, high-tech parks, and economic zones.
The procedure for adjusting the Investment Registration Certificate for projects not subject to investment policy approval shall be carried out by Article 47 of Decree No. 31/2021/ND-CP, specifically as follows:
Adjustment of Investment Project Involving Change of Project Name or Investor Name on the Investment Registration Certificate:
For adjustments not involving changes to the project name or investor name:
According to Article 39 of Decree No. 31/2021/ND-CP, the procedure for adjusting the Investment Registration Certificate (IRC) can be carried out online as follows:
For investment projects not subject to investment policy approval, investors may choose to submit the application for adjustment either in hard copy or online via the National Investment Information System, using either a digital signature or no digital signature.
The online application dossier for IRC adjustment must include the required data and be presented in electronic document format, with legal validity equivalent to the hard copy.
An online dossier is considered valid when it meets the following conditions:
According to Clause 2, Article 43 of Decree No. 31/2021/ND-CP, for projects that have already been granted investment policy approval, the investor must follow these procedures:
The above is a legal consultation on the adjustment of the amended Investment Certificate in Da Nang City after merging. If you have any questions or require legal assistance regarding investment procedures, please contact Viet An Law Firm for the most effective support and guidance!
