Foreign-owned companies (often called as FDI companies) in Vietnam can invest in new project during their operation, for example: contribute capital to establish a new company; purchase shares, capital contributions in other companies; sign BBC contracts. Depending on the foreign ownership, the procedures applied to each case may be different. Viet An Law Firm collects and provides some basic information as follows:
The Department of Planning and Investment.
The process: Within 15 days from the receipt date of the valid application, the Department of Planning and Investment will grant the Investment Registration Certificate. If the Department of Planning and Investment refuse to grant, they will respond in notices and explain the reasons.
Other FDI companies shall not apply for Investment Registration Certificate but perform report the project, using the Form No. I.13 in Circular No. 16/2015/TT-BKHĐT. Report shall contain: name of the project, investment objective, investment scale, investment capital, place, duration, investment schedule, labor demand and investment incentives (if any).
Besides that, a FDI company may adjust the business registration information at Business Registration Office without forming new investment project. Supplement of business sectors of foreign-owned company shall comply with conditions applied to foreign investors (if any).
INVESTMENT PROJECTS RELATED
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