Procedures for changing investment capital in Vietnam

Investment capital of a project means the capital contributed by the investor and capital raised by the investor to execute the investment project written on the decision on Investment Guidelines or Investment Registration Certificate.

For investment project that is not required to have a decision on investment guidelines and investment project required to have decisions on investment guidelines, this adjustment of capital does not fall in the case of increase or decrease of capital investment by more than 10% that changes the project’s target, scale, and capacity.

In case of changing in the total capital investment, investors need to apply the procedures in accordance with the provisions of law. Specifically, investors need submit 01 application to the investment registration authority.

1. A written request for permission for project adjustments;

2. Valid copy of Investment Registration Certificate or Investment License;

3. The amendments of company’s charter or the joint-venture contract;

4. Explanation of reasons for adjustment. In particularly, investors explain the financial ability, capital investment to ensure the increase of capital or explain the feasibility when reducing capital. Investors can demonstrate by the attached documents;

• Financial report (for investor is legal entity) (for company has the foreign issued capital more than 50%, financial report have to certified by independent audit)
• Bank account balance confirmation (for investor is individual or new legal entity)

5. Report on the implementation of the investment project to the time of adjustment;

6. Decision of the investor on the adjustment of investment capital;

Within 10 working days after receiving the valid documents by the law, investment registration authority amends the Investment Registration Certificate for investors.