Sign up | Log in



Home  >>   Daily News  >>Vietnam>>Investment>>Decree eases foreign investment red tape
NEW UPDATES Asean Affairs  26  November 2015  

Decree eases foreign investment red tape

HA NOI (VNS) — Foreign investors who buy shares in or contribute capital to economic organisations won't have to deal with procedures involved in investment certification.

This is in accordance with Decree No 118/2015/ND-CP, which was issued on November 12 and takes effect on November 27, providing guidelines for the Investment Law 2014.

Quach Ngoc Tuan, the deputy head of the Ministry of Planning and Investment's (MPI's) legal department, said the decree would ease procedures for foreign direct investment (FDI) enterprises.

The economic institutions, with foreign investors' stakes or capital contribution, will be responsible for registering changes in shareholders or members with business registration agencies, if any.

This process is to conform to the laws on enterprises and economic institution-related legislation.

However, foreign investors will have to register with planning and investment departments themselves, in localities where the economic organisations are headquartered, in the following cases:

- The economic institutions deal in business areas that are accompanied by certain conditions for foreign investment, as stipulated by the authorities.

- The stake acquisition or capital contribution increases the share of foreign investors in the economic institutions from below 51 per cent to 51 per cent or more; or from 51 per cent to higher levels.

After receiving foreign investors' registration documents, the planning and investment departments will notify them whether they are qualified for their investments or not, within 15 days.

Tuan said foreign investors who are set to establish companies in Viet Nam would also be able to get investment certificates for their projects within 15 days with one-stop shop procedures.

The MPI will coordinate with other ministries and relevant agencies to review business sectors with conditions for foreign investment, in conformity with domestic and international laws, and release them on the national portal on foreign investment.

Following the new decree, the Government said it would provide support and incentives to investment projects involved in high-tech nursery, biotechnology development, information technology software manufacturing, and recycle and clean energy production.

The announcement has reportedly excited domestic startups, many of them told Deputy Prime Minister Vu Duc Dam recently that there was inadequate government support for the startup community.

There was a lack of tax incentives for internet-based service providers, while barriers in receiving foreign capital remained significant, they said. — VNS

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           November 26 , 2015 Subsribe Now !
• Decree eases foreign investment red tape Subcribe: Asean Affairs Global Magazine
• Singapore revises Q3 GDP growth to 1.9% but lowers growth forecast for the year
• Bullet train construction to start in Q2 next year
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Singapore exports down 3% in Q3, growth forecast for the year trimmed
For festival, any water will do
Asean Analysis                   November 20, 2015
• Asean Analysis November 20, 2015
TPP: a fair Free-Trade Agreement?
Advertise Your Brand

Asean Stock Watch  November 25,  2015
• Asean Stock Watch-November 25, 2015
The Biweekly Update
• The Biweekly Update November 13, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand