Up to 16/7, India 47 valid projects with registered capital of more than $ 206 million in the No. 29/92 countries and territories have invested in Vietnam.
Regarding the structure of the industry: the Indian project is most concentrated in the field of industrial processing and manufacturing with 22 projects, total investment of $ 94.4 million, up 45% on invested capital. Followed by the mining sector has three projects, total investment of 86 million USD, accounting for 41.7% of total investment.
- In the area of investment: 3 exploration projects, oil and gas, investment in India at Local 16, but investment focusing in Tuyen Quang province in the mining Alliance project, the total $ 15 million investment and Ninh Thuan in Dhampur sugar production project in Vietnam, a total investment of $ 22 million.
- In the form of investment: the majority of India's capital in the form of 100% foreign, 32 projects with a capital of $ 103.6 million accounted for over 50% of total investment. The remaining capital in the form of joint ventures and business cooperation contracts.
Investment to India by Vietnamese enterprises.
Up to now, the new Vietnamese enterprises invest to India first project is the project development company from India's technology development company FPT technology investment, total investment of $ 150,000 to produce software development, implementation of information technology services
Latest information about the field of economics, business, foreign investment in Vietnam
Thứ Ba, 26 tháng 3, 2013
Situation investment cooperation between Vietnam and Africa
Up
to now, Vietnam has 11,807 foreign-invested projects (FDI) granted
investment licenses with a total registered capital of U.S. $ 188.3
billion. In
total 91 countries and territories investing in Vietnam, Africa is 6
countries and territories investing in Vietnam with 13 projects, total
investment of $ 11.48 million. The
average size of a project under $ 2 million, this rate is relatively
low compared with the national average rate is: $ 16 million / project.Investment by the country:
There were six countries and regions of Africa have direct investment in Vietnam. Led by the Republic of Seychelles has two projects with a total capital of U.S. $ 6 million, Morocco has two projects with a total registered capital of U.S. $ 2 million, Nigeria to invest in Vietnam 5 but registered capital projects only $ 1.2 million, Guinea Bissau 1 project with a total investment capital of U.S. $ 1.19 million, Maurice has 1 projects with a total registered capital of U.S. $ 1 million and South African investment into Vietnam 2 projects with a total registered capital of U.S. $ 79.7 trillion.
Investment by sector:
African countries' investment in Vietnam is mainly distributed in 5 main areas: the head of the manufacturing and processing industry with 5 projects, with a total registered capital of U.S. $ 9.19 million accounted for 38, 5% of the projects and 80.1% of total investment, followed by the wholesale and retail sector repair has 4 projects, with an investment of $ 1.2 million, the scientific field of professional activity technology has two projects totaling $ 1.02 million, two investment projects in two areas accommodation and catering services; communication and information.
By venue:
African countries to invest in Vietnam mainly on the local good infrastructure, convenient transportation and travel, including: Vinh Phuc, Dong Nai, Binh Duong, Ho Chi Minh City, Tra Vinh province Quang Nam.
Vinh Phuc Province has one project with a total investment of U.S. $ 5 million, then the Dong Nai province has 2 projects totaling $ 2.1 million, Binh Duong 2 project with a capital investment of $ 2 million, followed by Ho Chi Minh City has six investment projects with total registered capital of U.S. $ 1.23 million, Tra Vinh province and Quang Nam each province has one investment project.
- A large number of investment projects of African countries into Vietnam:
- Industrial Projects Ltd. Cheng Dian Vietnam specializing in manufacturing and processing of products in the field of industrial springs with a total registered capital of U.S. $ 5 million by the company Create Smooth Investment Ltd of the Republic of Seychelles is granted on 08/2/2010 locations performed in Vinh Phuc province.
- Project CN painted Best Products Co., Ltd. specializes in producing synthetic paints and solvents with a total registered capital of $ 1.19 million by the company Tsai Hung Ming - Guinea Bissau Guinea Bissau. Licensed investment on 08/3/2002 execution site in Dong Nai province.
- Project production company Ltd Sun Metallury specialized sx processing all kinds of products in slabs, ingots of aluminum, with total registered capital of U.S. $ 1 million by marketing companies ZXCHEM Limited of the Republic of Seychelles. Investment on 21/07/2009 licensed locations conducted in Dong Nai Province ....
- Partnerships Vietnam - Africa:
To strengthen cooperation in the areas of professional and promote a positive role, active in international cooperation August 17, 2010 at the new National Convention (My Dinh, Hanoi), the Ministry of Public Trade in cooperation with other ministries, agencies and related businesses organized into thematic sessions: "Cooperation in trade, industry, energy and investment between Vietnam and other countries in Africa".
In this thematic session focused group discussed three main topics: trade and industrial cooperation; energy cooperation; investment cooperation. The opinions stated in thematic sessions highlighted the significance of the theme of cooperation, reviewing the cooperation between Vietnam and African countries since the first meeting, special emphasis to the areas of: commercial, industrial, energy and investment.
Delegates Vietnam and African countries also evaluate the results achieved, the need to continue to implement activities; opportunities and challenges, propose one solution initiatives to promote cooperation in the fields of concerned, determine the priority areas in the action plan in the coming period as well as strengthen ties between Vietnam and African partners and international organizations.
In the framework of the thematic session on "Cooperation commercial, industrial, energy and investment" at the International Conference on Vietnam Africa 2nd on 17/8/2010. On behalf of the Ministry of Planning and Investment, Deputy Director of the Foreign Investment Department, Trung has all the speeches. "Experience attract foreign investment into Vietnam and Vietnam's overseas investment."
The situation of the Vietnamese investment to Africa
Up to now, Vietnam has 518 investment projects in 52 countries and territories, with a total registered investment capital of over U.S. $ 8.4 billion. In Vietnam alone investment into Africa now has 13 projects in seven countries and territories in Africa, with total registered capital of U.S. $ 777.4 million. In particular, the head of the capital investors is Angeri, with 01 investment projects in the oil and gas sector with a total investment of 562 million USD; followed by Madagascar has 01 projects in the oil and gas sector with total investment $ 117.3 million; Camaroon have 2 projects with a total investment of $ 42.7 million; Tunisia has one project with a total investment of $ 33.2 million; Congo has one project with a total investment of $ 15.3 million; Angola has six projects with total registered capital of $ 5.3 million and South Africa have one project with a total investment of nearly $ 0.95 million.
African countries have huge potential for cooperation with Vietnam in the fields of agriculture, forestry and fishery products; industrial crops; exploration and mining; development of energy resources; development of infrastructure; construction of food processing plants, food and consumer goods production. This is an opportunity to invest enormous cooperation between Vietnam and other countries in Africa in the near future.
There were six countries and regions of Africa have direct investment in Vietnam. Led by the Republic of Seychelles has two projects with a total capital of U.S. $ 6 million, Morocco has two projects with a total registered capital of U.S. $ 2 million, Nigeria to invest in Vietnam 5 but registered capital projects only $ 1.2 million, Guinea Bissau 1 project with a total investment capital of U.S. $ 1.19 million, Maurice has 1 projects with a total registered capital of U.S. $ 1 million and South African investment into Vietnam 2 projects with a total registered capital of U.S. $ 79.7 trillion.
Investment by sector:
African countries' investment in Vietnam is mainly distributed in 5 main areas: the head of the manufacturing and processing industry with 5 projects, with a total registered capital of U.S. $ 9.19 million accounted for 38, 5% of the projects and 80.1% of total investment, followed by the wholesale and retail sector repair has 4 projects, with an investment of $ 1.2 million, the scientific field of professional activity technology has two projects totaling $ 1.02 million, two investment projects in two areas accommodation and catering services; communication and information.
By venue:
African countries to invest in Vietnam mainly on the local good infrastructure, convenient transportation and travel, including: Vinh Phuc, Dong Nai, Binh Duong, Ho Chi Minh City, Tra Vinh province Quang Nam.
Vinh Phuc Province has one project with a total investment of U.S. $ 5 million, then the Dong Nai province has 2 projects totaling $ 2.1 million, Binh Duong 2 project with a capital investment of $ 2 million, followed by Ho Chi Minh City has six investment projects with total registered capital of U.S. $ 1.23 million, Tra Vinh province and Quang Nam each province has one investment project.
- A large number of investment projects of African countries into Vietnam:
- Industrial Projects Ltd. Cheng Dian Vietnam specializing in manufacturing and processing of products in the field of industrial springs with a total registered capital of U.S. $ 5 million by the company Create Smooth Investment Ltd of the Republic of Seychelles is granted on 08/2/2010 locations performed in Vinh Phuc province.
- Project CN painted Best Products Co., Ltd. specializes in producing synthetic paints and solvents with a total registered capital of $ 1.19 million by the company Tsai Hung Ming - Guinea Bissau Guinea Bissau. Licensed investment on 08/3/2002 execution site in Dong Nai province.
- Project production company Ltd Sun Metallury specialized sx processing all kinds of products in slabs, ingots of aluminum, with total registered capital of U.S. $ 1 million by marketing companies ZXCHEM Limited of the Republic of Seychelles. Investment on 21/07/2009 licensed locations conducted in Dong Nai Province ....
- Partnerships Vietnam - Africa:
To strengthen cooperation in the areas of professional and promote a positive role, active in international cooperation August 17, 2010 at the new National Convention (My Dinh, Hanoi), the Ministry of Public Trade in cooperation with other ministries, agencies and related businesses organized into thematic sessions: "Cooperation in trade, industry, energy and investment between Vietnam and other countries in Africa".
In this thematic session focused group discussed three main topics: trade and industrial cooperation; energy cooperation; investment cooperation. The opinions stated in thematic sessions highlighted the significance of the theme of cooperation, reviewing the cooperation between Vietnam and African countries since the first meeting, special emphasis to the areas of: commercial, industrial, energy and investment.
Delegates Vietnam and African countries also evaluate the results achieved, the need to continue to implement activities; opportunities and challenges, propose one solution initiatives to promote cooperation in the fields of concerned, determine the priority areas in the action plan in the coming period as well as strengthen ties between Vietnam and African partners and international organizations.
In the framework of the thematic session on "Cooperation commercial, industrial, energy and investment" at the International Conference on Vietnam Africa 2nd on 17/8/2010. On behalf of the Ministry of Planning and Investment, Deputy Director of the Foreign Investment Department, Trung has all the speeches. "Experience attract foreign investment into Vietnam and Vietnam's overseas investment."
The situation of the Vietnamese investment to Africa
Up to now, Vietnam has 518 investment projects in 52 countries and territories, with a total registered investment capital of over U.S. $ 8.4 billion. In Vietnam alone investment into Africa now has 13 projects in seven countries and territories in Africa, with total registered capital of U.S. $ 777.4 million. In particular, the head of the capital investors is Angeri, with 01 investment projects in the oil and gas sector with a total investment of 562 million USD; followed by Madagascar has 01 projects in the oil and gas sector with total investment $ 117.3 million; Camaroon have 2 projects with a total investment of $ 42.7 million; Tunisia has one project with a total investment of $ 33.2 million; Congo has one project with a total investment of $ 15.3 million; Angola has six projects with total registered capital of $ 5.3 million and South Africa have one project with a total investment of nearly $ 0.95 million.
African countries have huge potential for cooperation with Vietnam in the fields of agriculture, forestry and fishery products; industrial crops; exploration and mining; development of energy resources; development of infrastructure; construction of food processing plants, food and consumer goods production. This is an opportunity to invest enormous cooperation between Vietnam and other countries in Africa in the near future.
Thứ Tư, 20 tháng 3, 2013
Foreign investment in 2012 reached $ 16 billion
Foreign investment in 2012 increased 4.7% compared to 2011
For both new and rising capital, in 2012, foreign investors registered to invest in Vietnam $ 16.3 billion, up 4.7% compared with 2011.
According to reports from local synthesis of the attraction of foreign investment, from 01/01/2012 to 31/12/2012, there were 1,287 new foreign investment projects granted investment certificate with a total registered capital 8.6 billion, or 71.2% compared with 2011. In 2012 550 projects registered to increase investment with a total registered capital increased by $ 7.7 billion, an increase of 2.3 times compared with 2011. For both new and rising capital, in 2012, foreign investors registered to invest in Vietnam $ 16.3 billion, up 4.7% compared with 2011.
Investment by sector:
Processing industry sector, manufacturing sector attracted the attention of foreign investors with 549 projects registered, the total number of new and additional capital was $ 11.7 billion, accounting for 71.6% of the total registered capital in 2012. Real estate sector ranked second with 13 registered projects, total investment of new and increased by $ 1.9 billion, accounting for 12.1%. No. 3 is in the field of wholesale and retail, repair, with 220 registered projects, total investment of new and increased $ 772.8 million, up 4.7%.
Investment partners:
In 2012, there were 59 countries and territories investing in Vietnam. In particular, Japan leads with total newly registered capital and the increase of $ 5.59 billion, accounting for 34.2% of total investment in Vietnam; Taiwan ranked second with a total capital from newly registered and additional U.S. $ 2.6 billion, accounting for 16.3% of total investment; Singapore ranked third with total newly registered capital and increase of $ 1.9 billion, accounting for 11 , 9% of the total investment. Followed by Korea Korea, Samoa, BritishVirginIslands, Hong Kong.
Investment areas:
Local Pacific is attracting most FDI to $ 2.79 billion increased registered capital and 17.1% of the total capital investment. Followed by Ha Tinh with 5 projects, total investment of 2.14 billion USD. Hanoi ranks third with $ 1.3 billion of registered capital. Followed by the local Ho Chi Minh City ($ 1.3 billion), Hai Phong, Bac Ninh and Dong Nai.
Accumulated to date 31/12/2012, Vietnam 14 522 valid projects with a total registered capital of $ 210.5 billion, of which the processing industry, manufacturing accounted for the highest proportion with 50, 3% of the total investment, followed by the real estate sector (23.6%), eating accommodation services (5%). Up to now, there are 100 countries and territories investing in Vietnam, of which Japan is the largest investor with a total registered capital of $ 28.6 billion, followed by Taiwan, Singapore and Korea. Ho Chi Minh City is the local leader in attracting FDI with $ 32.2 billion, followed by Ba Ria-Vung Tau, Hanoi, Dong Nai and Binh Duong.
The implementation and results of operations of FDI in 2012.
Implementation of FDI capital in Vietnam in 2012 was estimated at 10.46 billion U.S. dollars, equivalent to 95.1% of the implementation of 2011. In 2012, although the economy faced many difficulties but disbursement of FDI is nearly equivalent to the same period in 2011.
Exports of FDI sector (including crude oil) in 2012 reached U.S. $ 72.2 billion, an increase of 33.8% compared to the same period in 2011 and accounting for 55.9% of the country's exports.
Regional imports of foreign investment in 2012 reached 59.943 billion U.S. dollars, up 22.7% compared to the same period in 2011 and accounting for 52.7% of imports. Overall in 2012, foreign investment sector trade surplus of 11.9 billion dollars.
3 measures to promote foreign investment
According to the Foreign Investment Agency, is expected to total investment abroad by Vietnamese enterprises in 2008 will reach 500 million, up 20% compared to 2007
By the end of 2007, Vietnamese enterprises have invested in 35 countries and territories, which are mainly in Asia, including 167 projects with a total investment of $ 751.03 million, accounting for 67 % of projects and 54% of the total registered capital.
The project has disbursed about $ 927 million, accounting for 66.6% of total foreign investment. In the industrial sector accounted for approximately 58.6% of total implemented capital and 60% of the total registered capital.
According to the Foreign Investment Agency, the period 2008 to 2010, foreign investment of Vietnamese businesses will average about $ 500 million / year.
Ministry of Planning and Investment has launched three solutions to promote foreign investment of Vietnamese businesses in the coming period.
First, the State urgently elaborate schemes of support mechanisms, incentives to promote foreign investment activities of enterprises in the country under the direction of the Prime Minister. Strengthening investment promotion in 2008 and the years to come in the key markets that Vietnam has advantages such as Laos, Russia, the United States, Cambodia ...
Accordingly, the programs must be conducted in investment promotion and market research, legal, policy, explore the environment and investment opportunities to drive Vietnamese businesses to invest effectively in the market this field.
In the near future the specialized agencies will submit to the Government for the decentralization of foreign investment to the foreign investment enterprise to operate. Also ask the business made regular statistical reporting as a basis for evaluating the implementation of investment projects abroad to have appropriate policies and timely.
Second, the state management agencies will continue to collect information about the investment environment in the country to provide local businesses are intending to invest abroad such as: policies to attract investment, the investment projects calling for laws and policies related to investment, production and business activities of the enterprise, potential and investment opportunities in some sectors particular in countries where businesses want to invest in Vietnam. Disclose information on specific investment projects signed by the Government of Vietnam and foreign countries ...
Third, the State will support capital investment for projects done in foreign countries that have an impact on the economic development of our country, such as: the project to export electricity to Vietnam, to the project mineral production to replace imports for domestic production and processing ...
Under which the project will be the State's borrowing through the Bank for Investment and Development of Vietnam (BIDV) with a loan of at least 30% of the total investment of the project with a preferential interest rate and exemption form loan guaranteed by assets.
In addition, this project if the investment in Russia, Laos, Cambodia will be government guaranteed business loans at commercial banks in the country with loans exceeding 15% of the charter capital of commercial banks lending.
In some special projects now can also request the State capital contribution. These projects are also exempt from corporate income tax on profits repatriated corporate income tax has been paid in the country where business investment.
Currently the government is going to agree the contents of the agreement to encourage and protect investment, avoidance of double taxation agreement in Vietnam with a number of countries that have signed the agreement, it will be the basis for investment activities Vietnamese enterprises to invest abroad.
Besides, the Government is also considering making mechanisms and policies to support domestic investment into Laos and Cambodia to train the workers by the workers in these two markets can not meet the quantity and quality of demand.
Thứ Ba, 19 tháng 3, 2013
Investment in Vietnam: Singapore, "champion" in the region
Singapore investors are present in almost all economic sectors in Vietnam, from oil and gas exploration, production, processing of agricultural, forestry and fisheries.
Despite the fluctuations of direct investment flows from ASEAN to Vietnam over the years, Singapore maintains top spot leading to a continuous increase in both the number of projects, the number and scale of capital for each project in Vietnam.
Singapore is one of the four ASEAN countries pioneered the exploration of Vietnamese investment market since the 1990s. Even then, the amount of capital from the country in Vietnam has increased rapidly, even at the time of the Asian economic crisis in 1997, when most other countries there is a sharp decline .
Foreign Investment Department (Ministry of Planning and Investment) released the latest figures indicate, the first 7 months of this year, there were 44 projects Singapore is licensed investment in Vietnam, with a total capital over $ 1.3 billion. At the same time there are 8 projects of licensed Singapore investors capital increase for a total of $ 13.3 million. Singapore ranked second out of 39 countries and territories investing in Vietnam.
Thus, since Vietnam promulgated the Law on Foreign Investment, 1988 to the end of July / 2007, Singapore has licensed 503 projects with a total capital of U.S. $ 9.6 billion, continues to lead the ASEAN and ranked 2 in 79 countries and territories have invested in Vietnam.
An average capital project from Singapore totaled $ 18.7 million, higher than the average of the national project, even up to 2-3 times with an average capital of a project some countries and regions, such as South Korea, Taiwan, Hong Kong, Malaysia.
An expert of the Foreign Investment Agency, said Nguyen Thuy Huong, Singapore investors are present in almost all economic sectors in Vietnam, from exploration and exploitation of oil and gas, industrial production, to processing Agro-forestry-fishery products; but most focus is the service sector with more than $ 5.5 billion.
Recently, the Singapore investors are taking great interest in the field of infrastructure of Vietnam with a large amount of capital into the construction project population housing, offices, and hotels.
In this regard, an official of the Singapore Consulate-General in Ho Chi Minh City said that, due to limited area, ensuring adequate housing for people is always a matter of attention in Singapore. Therefore, investors will provide Vietnam a lot of experience in the field of infrastructure construction.
According to the Foreign Investment Agency, Joint Venture Vietnam Singapore Industrial Park, the company Ltd. Nasteelvina, Limited Corporation Vedan is the first project from the effective deployment of Singapore in English South.
In a document prepared for the visit of Prime Minister Nguyen Tan Dung to the upcoming 6th ASEAN countries, the Foreign Investment Agency made clear, Singapore is always a potential partner in the region that Vietnam should focus on first call from.
However, the general context is the disbursement of FDI in Vietnam over time is quite slow, disbursements of Singapore is just over $ 4 billion.
Therefore, the resolution of these problems in order to speed up disbursement of this project are the Ministry of Planning and Investment as important urgent measures to continue to attract investors from Singapore to Vietnam.
Accordingly, the Vietnamese authorities are implementing the Prime Minister's direction in the review and classification of projects from country to take measures to support, solved the problems of procedures administrative clearance.
In addition, the two sides also begun to adjust "Quick approval mechanism in the investment certificate" between the Vietnamese Ministry of Planning and Investment and the Economic Development Authority of Singapore to suit the new conditions.
Investment license for the largest real estate project in Da Nang
Many real estate projects looking for investors
Da Nang People's Committee signed certificate allows investment fund investment VinaCapital VinaCapital Square urban projects with a total investment of $ 325 million, on an area of 9 hectares in the East Han River Quay. This is a real estate project is considered to be the largest ever in Da Nang.
By design, this urban area will have two shopping centers (30,000 m2) with a 5-star hotel (300 rooms) and a 4-star hotel (300 rooms), conference exhibition center (25,000 m2) , 42-story office buildings, luxury apartments, service apartments and villas ...
According to Danang Investment Promotion Centre, if this project is always far, Da Nang has attracted 106 FDI projects with total registered capital of more than $ 1.3 billion. In seven months, the city has attracted 13 foreign investment projects with a total investment of more than $ 420 million.
By: nguoilaodong
Thứ Hai, 18 tháng 3, 2013
Workshop and the first international energy fair in Vietnam
Seminars and fairs and international exhibitions on energy (VE Expo 2007) will take place end of October, at the National Conference Center.
This is fair International exhibition on energy first to be held in Vietnam, with the chairmanship of the Energy Association (VEA), the Chamber of Commerce and Industry (VCCI), Electricity Group (EVN ), Coal and Mineral group (Vinacomin) and Oil and Gas Group (PVN).
Fair is expected to attract over 100 corporations, corporations, businesses, organizations and economic activities in the energy sector in the country, with more than 200 booths on display.
According to the organizers, this event will bring many opportunities for scientists, managers, entrepreneurs, and foreign investment in research and development market search, consumer products energy (electricity, coal, oil and gas, nuclear power for peaceful purposes, other forms of energy, etc.).
Notably, during the fair, the organizers will spend two days of workshops around issues and potential energy development strategy of Vietnam, introduced development planning Vietnam's electricity sector in the period 2006 to 2015, introduced development planning coal, minerals, oil and gas in the period 2006 - 2015 to outlook 2025, the introduction of clean energy projects, wind energy and the application of modern technologies in energy exploration in Vietnam ...
More than $ 50 billion into Vietnam
A list of the major projects are exploring investment promotion in Vietnam continually updated by the Ministry of Planning and Investment. Earlier this year, the list of projects worth $ 20 billion, between $ 35 billion and now the updated list of 50 projects with a total capital of $ 50 billion.
In the list of the leading large scale projects is proposed to build a technology park specializing in producing high-tech products electronic field with a total capital of U.S. $ 5 billion of Foxconn - Taiwan. It now booted two first factory in Bac Ninh.
Foxconn is promoting investment in Bac Ninh, Bac Giang a high-tech city. Another project ranked high technology with capital of up to $ 500 million of Compal Electronics, Taiwan propose to invest in Vinh Phuc laptop manufacturer.
Field of energy and basic industries are also many large projects. Specifically, the Mong Duong Thermal Power Plant Project 2 AES Corporation - U.S. joint venture with the Vietnam Coal and Mineral Group worth $ 1.4 billion Van Phong Thermal Power Plant coal worth $ 3.8 billion USD investment by Sumitomo, Japan. The refinery project like petrochemical combination of three joint venture between chemical group Thailand and Vietnam Oil and Gas Group to invest in Ba Ria - Vung Tau province $ 1.5 billion, Petrochemical Industrial Park in Phu Yen by SPC chemical company - Singapore proposals worth more than $ 5 billion. Mining and steel project in Ha Tinh Tata (India) invested $ 3.5 billion ...
Real estate and travel services are emerging strong with the largest project ever in this area. These include proposals to build new urban An Phu Hung joint venture between General Maritime Corporation in Vietnam with Chinese partners have invested $ 1 billion. The Pearl of Asia investment project of Swiss investors in Phu Quoc worth $ 2 billion. Urban Project International University Vietnam in Ho Chi Minh City's Malaysian investors worth $ 3.5 billion ...
Besides, the Ministry of Planning and Investment also update the disbursement of large projects have been licensed for that big project be disbursed investors quite good. It is expected that in 2007, Vietnam attracted $ 13 billion and disbursed $ 4.5 billion.
Will correct the regulations on the distribution of foreign enterprises
Ministry of Industry and Trade, the Ministry will amend the provisions in the circular of the agency relating to the distribution of foreign-invested enterprises are implementing investment projects in Vietnam
Accordingly, foreign-invested enterprises has been granted the right to import will be selling goods they import for many distributors, traders in the country with business registration or right to distribute goods .
In 2007, the Ministry of Trade (now the Ministry of Industry and Trade) has issued Circular 09 guiding the Government's Decree No. 23, according to foreign-invested enterprises are only a group to be allowed to enter a distribution business in the country.
Conditional investment fields
INVESTMENT LIST OF FIELD CONDITIONS APPLY TO FOREIGN INVESTORS
(Issued together with Decree No. 108/2006/ND-CP of September 22, 2006 of the Government)
Radio and television.
Production, publication and distribution of cultural products.
Field of insurance business
Banking sector
Mining and mineral processing.
Set up network infrastructure telecommunications, broadcasting, telecommunications service providers and internet.
Construction of the public postal network; provide postal services, delivery services.
Construction and operation of river ports, sea ports, airports, airfields.
Transportation of goods and passengers by rail, air, road, sea, inland waterway.
Fishing.
Tobacco production.
Real estate business.
Investment in the field of export, import and distribution.
Education and training.
Hospitals and clinics.
The areas of investment in the international treaties to which Vietnam is a member which restrict market access for foreign investors.
Investment conditions applicable to foreign investors with investment projects under this category must comply with the provisions of the international treaties to which Vietnam is a member.
Banned investment fields
LIST OF BANNED SECTOR INVESTMENT
(Issued together with Decree No. 108/2006/ND-CP of September 22, 2006 of the Government)
I. The projects which are detrimental to national defense, national security and the public interest
1. Production and processing of drugs.
2. Investment services business secret investigation infringe upon the interests of the State, the legitimate rights and interests of organizations and individuals.
3. Investment in the field of private detective and investigation.
II. The project detrimental to the historical, cultural, ethical, habits and customs of Vietnam
4. The project built on the campus of the historical, cultural and national; projects negatively affect the architecture and landscapes of historical, cultural and national.
5. Production of depraved cultural products superstition.
6. Production of dangerous toys, educational toys harmful to the character and health of the child or to the security, social order and safety.
7. Business of prostitution; trafficking in women and children.
8. Experimental reproductive cloning in humans.
III. Projects harmful to people's health, destroying our natural resources, destruction of the environment
9. Manufacturing of chemicals in Table 1 (the Convention).
10. Production of veterinary drugs, plant protection drugs banned or not permitted for use in Vietnam.
11. Production of medicines for human use, vaccines, biologicals, cosmetics, chemicals and pesticides, bacteria which are not permitted for use in Vietnam.
IV. The hazardous waste treatment projects brought from overseas into Vietnam; produce toxic chemicals or toxic agents are prohibited by the provisions of international treaties
12. The hazardous waste treatment projects brought from overseas into Vietnam; production of toxic chemicals or the use of toxic agents are prohibited by international treaties to which Vietnam is a member.
V. Other projects that are prohibited investment under the provisions of law
General provisions
REGULATIONS ON DEVELOPMENT PROJECTS INVESTMENT AND BUSINESS ORGANIZATION OF INVESTMENT PROJECTS Investors are responsible for implementing investment projects according to the objectives, content, schedule commitments and Investment in certificates; comply with the provisions of the land law, environmental, labor, business registration, registration of investment and the relevant law in the process of implementing investment projects.
IMPLEMENTATION PROJECTS ASSOCIATED WITH CONSTRUCTION
When investors implement investment projects of construction must comply with the provisions of the law on construction management.
RENTAL MANAGEMENT
- Investors may hire organizations and individuals for investment management and business activity management according to their operational requirements.
- The hiring of organizations and individuals is done through management contract signed between investors and institutions and individuals.
- Rights and obligations of investors, organizations and individuals that are specified in the contract.
- Management fee agreed upon by the parties in the contract and are included in the cost of business management.
- The hiring of organizations and individuals performing services management to ensure compliance with the provisions of international treaties to which Vietnam is a member.
- Organizations and individuals to perform management services to taxpayers and implementing their financial obligations under the provisions of the tax law and the relevant law.
TRANSFER OF CAPITAL
- Economic organization may transfer their capital in the business and implement procedures register, register of shareholders in the register of members, register of shareholders in accordance with the Enterprise Law and legal relevant laws.
- For enterprises with foreign investment, when corporate capital transfer to inform the investment certificate-granting agency for the transfer of capital to adjust the investment certificate.
Capital transfer conditions:
- To ensure that the requirements according to the provisions of the Enterprise Law, this Decree and relevant laws;
- To ensure the rate and conditions in accordance with the provisions of international treaties to which Vietnam is a member;
- The transfer of the capital value of land use rights must be consistent with the land laws and the relevant law.
TRANSFER PROJECT
- Investors may transfer their projects done for other investors. Conditions for transfer project shall comply with the provisions of Clause 2, Article 65 of this Decree.
- In case of transfer of project economic organizations not associated with the termination of the economic activities of the organization to transfer, the transfer of the project will comply with the conditions and procedures for the transfer of capital provided for in Article 65 this Decree.
- In case of transfer of the project associated with the termination of investment business activities of economic organizations transfer, the transfer of the project to comply with the conditions and procedures for mergers, acquisitions Article 56 of this Decree.
- In case of transfer of investment projects associated with the termination of the operation of economic institutions assignor and assignee established economic institutions to continue to implement the investment project, then perform the procedure from the provisions of this Decree.
- File transfer investment projects, including: project transfer registration documents; transfer contract projects; writing on the legal status of the transferee; report on project activities .
- The level of new investment certificates (in case of no investment certificate) or adjust the investment certificate within 10 working days after receiving complete and valid dossiers.
SUSPEND, CONSEQUENTIAL PROGRESS INVESTMENT PROJECTS
- Investors suspension or extension of the implementation of investment projects that alter the progress of implementation of investment projects committed shall be notified in writing to the state agency managing investment and the temporary suspension, extension of project progress at least 15 working days before the date of suspension or extension of the project investment.
- Where the investment certificate-granting agency does not accept the suspension or extension of the project, there must be a written reply to the investor within 15 working days from the date of receipt of notice of investors.
Where work again, investors notice in writing to the investment management agencies.
Terminate PROJECT ACTIVITIES
- The termination of activities of investment projects shall comply with the provisions of Article 65 of the Law on Investment.
- The investment certificate-granting agency may decide to terminate the activities of the project in the following cases:
+ The project has been granted an investment certificate that after 12 months, investors do not implement the project or delayed more than 12 months compared to the progress of the projects specified in the investment certificate, unless suspended or extension of the project in accordance with Article 67 of Decree No. 108/2006/ND-CP;
+ Serious violations of the provisions of law which by law must stop activities.
+ Where the judgment or decision of a court, arbitration of the termination of project activities due to serious violations of the law, the investment certificate based on the decision, the court's judgment , referee to decide to terminate the operation.
+ The decision to terminate the investment project to be sent to investors and kept at the investment certificate.
Investment certificate-granting agency based investment decision to terminate the project in order to recover the investment certificate and notify the relevant authorities.
LIQUIDATION OF INVESTMENT PROJECTS
- In the process of investment if the investment project terminated in accordance with the conditions specified in paragraphs 1, 2 and 3 of Article 65 of the Investment Law, investors informed investment certificate-granting agency , procedures for liquidation of investment projects and investment return certificate.
- Procedures for liquidation of investment projects as follows:
+ In case of liquidation of investment projects that are not associated with the dissolution of economic organization, the liquidation shall comply with the regulations on disposal and liquidation of the contract;
+ In case of liquidation of projects associated with the dissolution of economic organization, the investor can perform procedures to economic organizations under the provisions of the Enterprise Law and relevant laws.
+ Length of liquidation of investment projects shall not exceed six months from the date of decision to terminate the activities of investment projects. Where the competent State agencies allow the time limit to liquidate investment projects be extended but shall not exceed 12 months.
After the completion of the liquidation, the investor must notify the investment certificate-granting agency and return granted investment certificates.
+ In case of investors in the economic organization disputes lead to failing the liquidation of investment projects within the time limit specified in paragraph 3 of this Article shall be used to resolve disputes in a court judgment, arbitration in accordance with the law.
+ In the process of liquidation of investment projects, if economic organizations do not have the ability to pay debts, the liquidation shall terminate and be handled in accordance with the provisions of the bankruptcy law.
Bonded warehouses
- For export processing zones, industrial parks, economic organizations producing goods for export was established bonded warehouse to cater to the export and import. Goods brought into bonded warehouses are not subject to import tax.
The establishment of such warehouses and conditions for setting up bonded warehouses shall comply with the provisions of Decree No. 154/2005/ND-CP of December 15, 2005, detailing a number of articles of the Customs Law regarding customs procedures agencies, inspection and supervision.
- Goods brought into a bonded warehouse is not sold in the Vietnamese market. Where goods are not banned from import, temporary import stop, if sold in the Vietnamese market, investors have to import procedures at customs and pay import duties and perform its obligations financing in accordance with the law.
- Goods brought into a bonded warehouse are damaged, deteriorated not meet production requirements, they must be re-exported or destroyed. The destruction must be made in accordance with the provisions of the customs law, tax law and environmental law.
Up a representative office, branch
PROCEDURES ESTABLISHED BRANCH REPRESENTATIVE OFFICE LOCATIONS BUSINESS ENTERPRISES IN VIETNAM BRANCH REGISTRATION RECORDS REPRESENTATIVE OFFICE: Within 10 (ten) working days from the decided to set up branches, representative offices, enterprises must send a notice to set up branches, representative offices to the provincial-level business registration office where the branch or representative office. Such notice shall include:
Name and address of the head office of the enterprise;
The lines of business of the enterprise;
The name of the branch, representative office intends to establish. Name of branches and representative offices to bring business name and accompanied by the term "branch" for registration of a branch, the phrase "representative offices" for the establishment of a representative office registration ;
Address of the branch or representative office;
The content and scope of activities of a branch or representative office;
Full name, place of residence, number of the identity card or passport or other lawful personal identification provided for in Article 18 of this Decree of the head of a branch or representative office;
Full name and signature of the legal representative of the enterprise.
Documents attached notification must include:
A copy of the business registration certificate of the enterprise;
Copies of the charter company to a limited liability company, joint stock company, partnership;
Decision in writing and a copy of the minutes of the meeting of the Council members for limited liability companies with two or more members, the owner of the company or board member or chairman of the company for the company Limited a member of the Board of Directors of the joint-stock company, of the partners to the partnership on the establishment of branches and representative offices;
A copy of the decision to appoint the head of the branch or representative office.
For business branch lines must have a practicing certificate must have a valid copy of a practicing certificate of the head or deputy head of the branch.
If the branch or representative office to be set up in the provinces and cities directly under the Central Government where the enterprise is headquartered businesses do not have to submit a copy of the business registration certificate, a copy of the charter business companies active in the registration dossier.
NOTICE BUSINESS LOCATION:
Place of business of the enterprise may be in addition to the registered office address. In this case, the place of business of the enterprise is located in the province or city where the business headquarters or a branch. Within 10 (ten) working days from the date the decision established place of business, now notice where business locations to the provincial-level business registration office. Such notice shall include:
Name and address of the head office of the enterprise, branch name and address (if the place of business under the branches);
Name and address of the business location. Business location name to the name of the enterprise and the attached organizational forms of business location;
Scope of business location;
Full name, place of residence, number of the identity card or passport or other lawful personal identification provided for in Article 18 of Decree No. 88/2006/ND-CP of the head of the business location;
Full name and signature of the legal representative of the enterprise.
Within 7 (seven) working days from the date of receipt of valid dossiers, the provincial-level business registration office certificate of registration of a branch, agency, or supplement the place business to business registration certificate or business registration certificate of the branch.
Business case to set up branches and representative offices in the province or city where the business is headquartered within 7 (seven) working days from the date of issuance of the certificate of registration details branches, representative offices, businesses must be notified in writing to the provincial-level business registration office where the business is headquartered in addition to business registration profile and granted business registration certificates business.
The establishment of branches and representative offices of foreign enterprises shall comply with the provisions of the domestic law.
Within 10 (ten) working days from the date of the official opening of branches, representative offices abroad, enterprises must be notified in writing to the business registration office where business enterprises registered . The notice must include a copy of the certificate of registration of a branch, representative office or equivalent document to supplement the record business registration and re-granting business registration certificates .
PROCEDURES ESTABLISHED BRANCH REPRESENTATIVE OFFICE
OF FOREIGN TRADERS
RECORDS REQUEST FOR ESTABLISHMENT PERMIT REPRESENTATIVE OFFICES AND BRANCHES
Licensing conditions established representative office, branch
Foreign traders license to establish a representative office in Vietnam if they meet the following conditions:
Traders is the law of the territory (hereinafter referred to as water) where it has established or recognized legitimate business registration;
It has been operating for 01 years, since the establishment or business registration legal in its country.
Foreign traders are granted a branch establishment in Vietnam if they meet the following conditions:
Traders are laws of the countries where it has established or recognized legitimate business registration;
It has been operating for 05 years, since the establishment of or legitimate business registration.
Permit establishment of representative offices, branches of foreign traders in Vietnam for 05 years but not to exceed the remaining term of the business registration certificate or papers of equivalent value of foreign traders in case of foreign law stipulated period of business registration certificate of foreign traders.
Profile for a license for the establishment of representative offices, branches include the documents specified in Article 5 of Decree No. 72/2006/ND-CP, including:
An application for a permit establishment of the branch in the form of the Ministry of Commerce by the authorized representative of the foreign traders;
Copies of the charter operations of the branch, which clearly define the scope of authorization for the head of the branch;
A copy of the business registration certificate or papers of equivalent value of foreign traders are competent agencies where foreign business establishment or business registration confirmation. In the case of the business registration certificate or papers of equivalent value specified period of operation of foreign traders, the duration must be at least 03 years;
Audited financial statements or other documents of equivalent value to prove the existence and the activities of foreign traders in the most recent fiscal year.
The papers specified at Points b and c, Clause 1 and b, c and d, Clause 2 of this Article must be translated into English, diplomatic missions, consulates of Vietnam in foreign countries and certification accomplish legalization under the provisions of Vietnamese law
Sample application for a permit to establish representative offices, branches made according to Form MD-1, Appendix I issued Circular No. 11/2006/TT-BTM September 28, 2006 of the Ministry of Trade guiding the implementation of Decree No. 72/2006/ND-CP of July 25, 2006 of the Government detailing the Commercial Law regarding representative offices and branches of foreign traders in Vietnam
;
RECORDS REQUEST FOR ADJUSTMENT OF REPRESENTATIVE OFFICE ESTABLISHMENT PERMIT, CHI NHANHHo license application for adjustment of established representative offices, branches include the documents specified in Clause 2, Article 10 of Decree No. 72 / 2006/ND-CP.
In the following cases, foreign traders to modify procedures, additional permits for the establishment of representative offices, branches with the competent authority within 10 days from the date of the change :
Change the head of the representative office or branch;
Change the location of the headquarters of the foreign traders within the country where the establishment or business registration;
Change the location of the headquarters of the representative office within the province or city directly under the Central Government;
Change the location of the branch office in Vietnam;
Change the name or the operation of representative offices and branches.
CASE ADDITIONAL PROPOSED AMENDMENT ESTABLISHMENT PERMIT REPRESENTATIVE OFFICE BRANCHES INCLUDING:
An application for amendment and supplement representative office establishment license, according to a form set by the Commerce Ministry authorized representative of the foreign traders; (Form MD-2 Appendix I attached to Circular 11/2006/TT-BTM)
Original permit established a representative office or branch level.
Within 10 days from the date of receipt of valid dossiers of foreign traders, the licensing agency shall modify, add and send a copy of the license permit has been modified, in addition to agencies specified in Clause 2, Clause 3 of Article 7 of this Decree.
RECORDS REQUEST FOR RE-ESTABLISHMENT PERMIT REPRESENTATIVE OFFICES AND BRANCHES
In the following cases, foreign business license procedures for the re-establishment of representative office, branch to the competent authority within 15 days from the date of change:
Change the location of the headquarters of the Office of the representatives from the provinces and cities directly under the central government to provinces, cities directly under the Central Government;
Change the name or change the place of establishment registration of foreign traders from one country to another country;
Change the operation of foreign traders.
In the case of the representative office establishment license branch is lost, torn or destroyed, foreign traders must request re-issuance procedures permit the establishment of representative offices, branches with the authority immediately after the event.
Profile re-establishment permit representative offices, branches
Records request for re-established a representative office license in case of change of location of the headquarters of the Office of representatives from the provinces and cities directly under the central government to provinces, cities directly under the Central Government, other , including:
An application for a license to set up a representative office in the form of the Ministry of Commerce by the authorized representative of the foreign traders;
Certified by the licensing agency of deregistration old local representative office;
Notarized copy of the representative office establishment license has been granted.
Records request for re-establishment permit representative offices, branches in the following cases:
Change the name or change the place of establishment registration of foreign traders from one country to another country;
Change the operation of foreign traders.
Include:
An application for a license to set up a representative office or branch in the form of the Ministry of Commerce by the authorized representative of the foreign traders;
A copy of the business registration certificate or papers of equivalent value of foreign traders are competent agencies where foreign business establishment or business registration confirmation. The papers mentioned at this point must be translated into Vietnamese and diplomatic missions, consular offices of foreign-based Vietnamese certified and accomplish legalization under the provisions of Vietnamese law South.
Original permit established a representative office or branch level.
Records request for re-establishment permit representative offices and branches in case of license for establishment of representative office, branch is lost, torn or destroyed, foreign traders must carry out procedures re-establishment licenses of representative offices, branches with competent authorities immediately after the event.
Include:
An application for a license to set up a representative office or branch in the form of the Ministry of Commerce by the authorized representative of the foreign traders;
Original or a copy of the permit for establishment of representative office, branch (if any).
Procedures for re-establishment permit representative offices, branches
Where the relocation of the head office specified in paragraph 1 of Article 11 of this Decree, foreign traders must terminate operation procedures Representative Office in the Department of Commerce where they are located and to re-establishment licenses of representative offices in the Department of Commerce where it plans to locate its new facility.
Within no more than 05 working days from the date of receipt of the request for relocation of headquarters to the provinces and cities directly under the Central Government, the Department of Commerce where foreign businesses are based representative office shall certify in writing of the cancellation of the registration set up a representative office has been at the local level.
Within no more than 05 working days from the date of receipt of valid dossiers of foreign traders under the provisions of Clause 1 of Article 12, the Department of Commerce where foreign traders expected based representative office shall grant a new license for a period not exceeding the remaining term of the representative office establishment license has been granted and notify the agencies specified in paragraph 2 of Article 7 of this Decree.
For a period not exceeding 10 days from the date of receipt of valid dossiers of foreign traders in accordance with paragraphs 2 and 3 of Article 12, the licensing agency shall issue the license for a period of not more than the remaining term of the license for establishment of representative office, branch level and inform the agencies specified in Clause 2, Clause 3 of Article 7 of this Decree.
EXTENSION OF PERMIT RECORDS REPRESENTATIVE OFFICE ESTABLISHMENT BRANCH
Extension conditions
Needs to continue to operate in Vietnam in the form of representative offices and branches;
Foreign traders are operating under the laws of the countries where it has established or registered business;
No serious violations of Vietnamese laws relating to the operation of representative offices and branches.
Profile for renewal of license for the establishment of representative offices, branches, including:
An application for renewal of license for establishment of representative office or branch in the form of the Department of Commerce by the authorized representative of the foreign traders;
Audited financial statements or other documents of equivalent value to prove the existence and operation of foreign traders in the most recent fiscal year. The papers mentioned at this point must be translated into Vietnamese and diplomatic missions, consular offices of foreign-based Vietnamese certified and accomplish legalization under the provisions of law Vietnam;
Report activities of representative offices and branches to date for renewal of license for the establishment of representative offices and branches.
Original permit established a representative office or branch level.
Within at least 30 days before the license for establishment of representative office, branch expired, foreign traders to extension procedures.
Length of competent state agencies license renewal procedures established representative offices, branches made as license renewal period established representative offices and branches.
PROFILE EXTENSION AND MODIFICATION OF ESTABLISHMENT PERMIT REPRESENTATIVE OFFICE BRANCH
In the case of foreign traders for extension simultaneously with the adjustment of license for establishment of representative office, branch in Vietnam, the profile for extension and adjustments made as for the case of extended . An application for renewal of license and adjusted according to Form MD-5 Appendix I issued Circular No. 11/2006/TT-BTM September 28, 2006 of the Ministry of Trade guiding the implementation of Decree No. 72/2006/ND-CP of July 25, 2006 of the Government detailing the Commercial Law regarding representative offices and branches of foreign traders in Vietnam
Construction license
PROCEDURES FOR BUILDING PERMITS (The government's decree No. 16/2005/ND-CP dated 07 January 02, 2005, on management of work construction investment projects and the Construction Ministry's Circular No. 09 / 2005/TT-BXD May 6, 2005, guiding a number of contents of a building permit)
Dossiers of application for construction permits and urban housing
1. An application for a building permit. Where temporary construction permit application deadline, in an application for a building permit must also be committed to work to dismantle the State made clearance.
2. A copy of the land use right papers prescribed by law for certified land.
3. Design drawings show the location ground, cut, the typical vertical; surface foundations of the work; placement or routing scheme works; system diagrams and technical connection and electricity supply water and drainage; snapshot status (for repair or renovation requires a building permit).
Authorized to issue construction permits
1. Provincial-level People's Committee shall authorize the Director of the Department of Construction issued a building permit for construction of special grade I work as assigned by management Decree quality construction; religion; works of historical and cultural; monuments, advertising, murals within the administrative boundaries under their management; works on routes, urban main street by the Committee provincial-level People's Committee regulations.
2. District-level People's Committee building permits remaining buildings and individual houses in urban areas within the administrative boundaries managed by the district, except for those specified in paragraph 1 of this Article.
3. Commune People's Committee granted permission to build individual houses in the rural population had approved construction plans within the administrative boundaries of communally managed in accordance with the district People's Committee.
Extension of building permit
1. Within 12 months from the date of issuance of a building permit that the work has not started, the building permit application to renew the building permit.
2. Dossiers of application for a building permit include:
An application for renewal of construction permits;
The original building permit was issued.
3. Grant extension of time building permit within 5 working days after receiving complete and valid dossiers.
4. Licensing agency construction is the extension of a building permit.
Application Documents:
1.Nghi The 16 project management construction investment
2.Thong from 09/2005/TT-BXD Content Guidelines on construction permits
Labor recruitment and management
EMPLOYMENT AND LABOR MANAGEMENT WORKING ABROAD IN VIETNAM The employer shall recruit foreign workers with no more than 3% compared to the existing number of employees of the business, but must not exceed 50 , at least hire 01 people.
CONDITIONS OF FOREIGN WORKERS
The employer hires foreign labor foreign workers who meet the following conditions:
At least 18 years of age or older.
Health accordance with job requirements.
With high technical expertise (including: engineers or equivalent qualified engineers or more; craftsmen of traditional crafts), has extensive experience in the profession, the executive producer, manager or labor management tasks that Vietnam did not meet.
No criminal record, a history of national security violations in accordance with the laws of Vietnam; does not have a criminal record, a history of criminal offenses; without being prosecuted for criminal liability, are penalty, has not been erased in accordance with the laws of Vietnam and foreign laws.
Have a work permit for foreign laborers working in Vietnam for 03 (three) months, by a competent state agency in Vietnam, except for cases that do not require a work permit the following provisions:
Foreign laborers working in Vietnam less than 03 (three) months or to handle emergencies (emergencies are defined as incidents, technical situations, complex technologies emerging affect or threaten to affect production and business that Vietnamese experts and foreign experts currently in Vietnam can not be handled).
Foreigners who are members of the Management Board, General Director, Deputy General Director, Director, Deputy Director, enterprises established under the provisions of Vietnamese law and have legal personality.
Foreigners who are head of representative office, branch head in Vietnam.
Foreign lawyers license by the Ministry of Justice lawyers practicing in Vietnam in accordance with the law.
PROFILE ORDER OF FOREIGN LABOR EMPLOYMENT.
Application for work: foreign workers to pay 02 (two) sets for the employer, a record set by the employer and a records management to the use of labor procedures for applying for a work permit. Each profile includes:
The job application;
Judicial votes by the competent authority of the country in which the employee resides. Cases, foreigners residing in Vietnam for 06 (six) months or more, in addition to judicial votes issued by the competent authority of a foreign country is a judicial certificate issued by the Department of Justice's Vietnam where the foreigner is residing;
Resume of foreigners according to the form set by the Ministry of Labor, War Invalids and Social Affairs and a photo;
Health certificate issued in a foreign country. Cases, foreigners residing in Vietnam, health certificate issued in accordance with the Vietnamese Ministry of Health;
Copies of certificates of professional qualifications and skills of foreigners, including: university degree or equivalent or higher degree, or certificate of qualification of foreign workers by the competent authority in accordance with that country.
For foreign workers are craftsmen of traditional crafts or who have experience in the profession, the executive producer, without certificate manager must have:
The comments on the qualifications, skills and management level is the competent authority of the country of which he is a national certification;
Three color photographs (3cm x 4cm in size, bare head, taken frontally, clear face, ears, without glasses), taken within 01 (one) year.
The papers mentioned above records by the agency, foreign organizations or notarization and authentication must be legalized in accordance with the laws of Vietnam and Vietnamese translation; translation, must be notarized in accordance with the laws of Vietnam.
PROCEDURE ORDER OF FOREIGN LABOR EMPLOYMENT:
For the employer:
The employer must post on the local or national newspaper 03 (three) consecutive issues of the recruitment needs and inform all the job requirements and the rights of workers and employers in the recruitment process, when to work and when to resign.
The employer must apply for a work permit for foreign laborers working in Vietnam in accordance with the above, after the filing of foreign workers is full of papers.
For foreign workers:
Foreigners wishing to work in Vietnam to study fully the provisions of Vietnamese law that employers provide; same time, to prepare the necessary documents and comply with the provisions of this Decree.
Foreigners wishing to work in Vietnam must apply for work
When the work permit, the employee and the employer must conduct labor contract in writing (except for foreign workers by foreign parties sent to Vietnam to work), the employer shall send a copy of the labor contract was signed on the agency issued work permits for foreign workers. The contents of the labor contract is not contrary to the work specified in the work permit has been granted.
LABOR LICENSING.
Foreign laborers working for enterprises, agencies and organizations in Vietnam must have a work permit. Department of Labor, War Invalids and Social Affairs of provinces and cities directly under the Central Government to grant work permits to foreign workers according to the form set by the Ministry of Labor, War Invalids and Social Affairs.
Application for a work permit, including:
Written request for a work permit by the employer in accordance with the form set by the Ministry of Labor, War Invalids and Social Affairs.
Application for work of foreign workers
The duration of the work permit: the duration of the work permit be issued for the term of the labor contract (for those labor contracts) or by decision of the foreign election workers to Vietnam to work, but no more than 36 months.
For objects that do not require a work permit, the employer has the responsibility to report to the Department of Labor, War Invalids and Social Affairs (where the enterprise, agency or organization headquartered) brief list of foreigners, including: full name, age group, nationality, passport number, date of start and end dates of the work, the work undertaken by foreigners. Report 07 (seven) days before the foreign workers start working.
For foreigners working in Vietnam to perform the contract (other than a labor contract) between businesses, agencies and organizations in Vietnam with businesses, agencies and organizations overseas, in enterprises, agencies and organizations in Viet Nam also reported for foreigners to work for businesses, agencies and organizations working in Vietnam for a period of less than 03 (three) months.
LABOUR LICENSE EXTENSION
Extension of work permits in cases where the employer has planned and ongoing training Vietnamese laborers to replace the jobs that foreign workers are assumed, but the laborers English Men not replaced. Not to renew work permits for foreign workers with labor discipline as prescribed at Point b, Point c, Clause 1, Article 84 of the Labor Code is amended and supplemented.
Application for renewal of work permits:
The employer shall apply for extension of work permit in accordance with the Ministry of Labor, War Invalids and Social Affairs. Which must clearly state the reasons for training Vietnamese to replace, they name the Vietnamese people have been trained, training cost, training time, training location to replace workers abroad.
A copy of the labor contract or document of the foreign sending people abroad to continue working in Vietnam (certified by the employer).
Work permits have been issued.
Extended duration of work permits:
The extended term of the work permit depends on the working time of employees working abroad for the user specified in the labor contract or document of the foreign sending people abroad to continue work in Vietnam, extend the maximum period of 36 (thirty six) months. For the case of the expiration of the first term, which is not trained employee of Vietnam replaced the work permit be further extended if the approval of the Chairman of the Provincial People's Committee and cities directly under the Central Government where the enterprise, agency or organization headquartered.
Regulations detailed at:
Decree No. 105/2003ND-CP dated 17/09/2003 of the Government detailing and guiding the implementation of some articles of the Labor Code on labor recruitment and management of foreigners working in Vietnam
Circular 04/2004/TT- BLĐTBXH March 10, 2004 of the Ministry of Labor, Social-infantry Tthuong and guiding a number of articles of Decree No. 105/2003/ND-CP dated 17/09/2003 of the Government on labor recruitment and management of foreigners working in Vietnam (Download the form in this Circular)
Customs procedures
Customs procedures for goods export and import trade
Goods export and import trade, including:
Goods exported or imported by commercial contracts;
Goods exported or imported in the form of temporary import for re-export;
Goods exported or imported in the form of transshipment
Goods exported or imported by the import of raw materials for the production of export goods;
Goods exported or imported to make contracts with foreign traders;
Goods exported or imported for the implementation of investment projects;
Export of goods, import export business in the form of the border;
Goods exported or imported for commercial purposes of the organization but are not traders (no tax code / export), of the individual;
Goods export and import of export-processing enterprises;
Goods brought into the bonded warehouse;
Goods temporarily imported for re-export or temporarily exported for re-import for participation in fairs and exhibitions;
Goods temporarily imported for re-export or temporarily exported for re-import of machinery and equipment, transport means for construction, for construction, for investment projects, property to rent, for rent .
SUBJECT TO CUSTOMS PROCEDURE
Goods export, import or transit; materials on transport means on exit, entry or transit; foreign exchange, money Viet Nam, precious metals, gems, cultural products, relics, postal parcels export and import; luggage of people on exit and entry; other articles of export, import, transit or stored in the area of operation of the customs authorities.
Means of transport by road, rail, air, sea, river entry, exit, transit, transport.
CUSTOMS PROCEDURES
Fill in and submit the customs declaration; submit, produce documents of the customs dossiers;
Bringing goods and means of transport to the location specified for the physical inspection of goods, means of transport;
Pay taxes and fulfill other financial obligations in accordance with the law.
Customs procedures, the customs declaration submitted to the customs authorities the customs dossier consists of the following documents:
For exports:
Customs declaration: 02 original
In specific cases below, the customs records added the following documents:
Where the goods are of various kinds or heterogeneous packing: A detailed list of goods: 01 original and 01 copies;
Case must be licensed for export under the provisions of the law: the export license of the competent State management agencies: 01 (original if once or export copies when multiple export and must produce the original for comparison);
For exports by type of import of raw materials for the production of export goods: The material the use of code: 01 original (payable only once when exporting);
Other documents in accordance with the relevant laws must have: 01
For imported goods:
Customs declaration: 02 original
HIA sales contracts or papers of equivalent legal validity of the contract: 01 copies (except for goods specified in points 5, 7 and 8, Section I, Part B);
Commercial invoice (other than goods referred to in point 8, Section I, Part B): 01 original and 01 copies;
Bill of lading (other than goods referred to in point 7, Section I, Part B): 01 copies from the original or a copy of the bill of lading with the word copy;
In specific cases below, the customs records added the following documents:
Where the goods are of various kinds or heterogeneous packing detailed list of goods: 01 original and 01 copies;
In case of imported goods subject to state inspection for quality: state registration papers to check the quality of goods or written notice of exemption from state quality inspection by competent state management agencies grant 01 originals;
Where goods are released on the basis of the assessment results: Certificate of Inspection: 01 original.
Where goods subject to declaration value declaration: declaration of the value of imports: 01 originals;
Where imported goods must be licensed under the provisions of the law: Import License of the State management agencies in charge: 01 (originals if enter khaumot time import or copy multiple times and must produce the original for comparison);
Where goods owners request the preferential import tax rates in particular: Certificate of Origin (C / O): 01 original and 01 copies of the first three.
If the imported goods with a total value of shipments (FOB) does not exceed $ 200, not submit or C / O;
Other documents in accordance with the relevant legislation must be: 01.
LOCATION OF CUSTOMS PROCEDURE
Location customs border gate customs offices, customs offices outside the gate.
In case of necessity, the actual inspection of goods export and import can be done in other places by the General Department of Customs.
Regulations detailed at:
Decision 927/QD-TCHQ May 25, 2006 on viecban of customs procedures for goods export and import gate transfer
Customs Law
Customs Law Amendment
Decree 154/2005/ND-CP detailing a number of articles of the Customs Law regarding customs procedures, customs inspection and supervision
Circular 112/2005/TT-BTC Guide customs procedures, customs inspection and supervision
Immigration
Foreigners who enter and exit must have passports or passport substitute papers (hereinafter referred collectively to as passports) and must have a visa issued by competent state agencies of Vietnam, except visa exemption.
Foreigners applying for a Vietnam visa at the exit and entry management agency of the Ministry of Public Security, the consular office of the Foreign Ministry, diplomatic missions, consulates of Vietnam in the outside.
Application for a visa to be answered within no more than 5 working days from the date of receipt of valid dossiers.
Persons under the age of 14 has been declared in the application for the visa to go, they do not own procedures for visa application.
New object foreigners in Vietnam
(The provisions of Article 2 of the Ordinance on entry, exit and residence of foreigners in Vietnam)
Agencies, organizations and individuals that invite foreigners into Vietnam, including:
Party Central Committee, the National Assembly, the State President, the Government and affiliated agencies;
Supreme People's Court, Supreme People's Procuratorate;
The ministries, ministerial-level agencies, the agencies attached to the Government and People's Committees of provinces and cities directly under the Central Government and affiliated agencies;
Central agencies of the people's organizations, mass organizations;
Enterprise established under the laws of Vietnam;
Diplomatic representative offices, foreign consulates, representative offices of international organizations of the United Nations, inter-governmental and international organizations based in Vietnam;
Branches of foreign companies; representative office of economic organization, culture and other professional organizations of foreign countries based in Vietnam;
Agencies and organizations lawfully established and operating in Vietnam;
Vietnamese citizens permanently residing in the country; Vietnamese citizens residing in foreign countries who are temporarily residing in Vietnam;
Resident foreigners and foreigners temporarily residing in Vietnam for 6 months or more.
The invitation of foreign agencies, organizations must be consistent with its function or operation license by the competent agencies of Vietnam. Vietnamese citizens permanently residing in the country, Vietnamese citizens residing in foreign countries who are temporarily residing in Vietnam, foreign permanent residents and foreigners staying for six months or more are invited foreigners into Vietnam to visit.
Exit and Entry Administration of the Ministry of Public Security informed of diplomatic missions, consular offices of foreign-based Vietnamese visa for foreigners within 05 working days from the date of receiving the written . If the alien is found in cases not allowed to enter the Exit and Entry Management Department notifies agencies, organizations and individuals that invite foreigners know.
Agencies, organizations and individuals wishing to apply for a visa at Vietnam's international border gates to foreigners in the cases provided for in Article 6 of the Ordinance shall submit a written request to the Department of Immigration Management context the Ministry of Public Security. The case for a visa at the border for emergency reasons, a written request must be filed at least 12 hours before the foreigner to the gate.
The value and duration of the visa:
Visas once or many times a value not exceeding 12 months, shall be granted to persons who enter Vietnam to implement projects under the investment license or cooperation contracts with other agencies and organizations in Vietnam; person to do at foreign institutions in Vietnam and close relatives of the same type;
Single or multiple visas, which are valid for no more than 6 months be granted to agencies, organizations and individuals into Vietnam and do not fall into the cases specified at Point a of this Clause;
A visa valid for 15 days be granted to the applicant for entry without any agencies, organizations and individuals in Vietnam invited.
When the visa expires, if the visa needs to continue to enter and exit Vietnam, they must apply for a new visa.
Records and procedures
After receiving the written reply of the Exit and Entry Administration of the Ministry of Public Security or the Consular Department of the Ministry of Foreign Affairs, agencies, organizations and individuals that invite foreigners into Vietnam shall notify the foreigners to file applications and photos and receive visas at the diplomatic missions, consulates of Vietnam in foreign countries; foreigners who are granted visas at Vietnam's international border gates, agencies, organizations, individuals invited to inform the foreign applicant and photos and receive visas at the immigration authorities at the border.
Diplomatic missions, consular offices of foreign-based Vietnamese notice of Exit and Entry Administration of the Ministry of Public Security or the Consular Department of the Ministry of Foreign Affairs to grant visas to foreigners as soon as they visa applications and photos.
Foreigners applying for a visa to enter Vietnam without agencies, organizations and individuals in Vietnam invited, welcome to apply for visas and photos at diplomatic missions and consular offices of the English in foreign countries and be considered by the agency, the visa is valid for 15 days.
The look, the visa is done in a period of not more than 03 working days after receiving the application and photos.
For citizens of Vietnam Immigration:
Decree 05/2000/ND-CP on immigration of Vietnamese citizens
For vessels on entry, exit, transit, transfer
Decision of the Director General of Customs Department No. 1582/QD-TCHQ 29 08, 2006 promulgated the customs procedures for vessel entry, exit, transit, transport
Customs procedures for goods, export luggage, vehicles enter and exit via border gates
Specified in Document No. 2993/TCHQ-GSQL 01/7/2002 guiding customs procedures for goods, luggage export, vehicles enter and exit via border gates
Customs procedures, the control, supervision for international trains enter and exit
Decision No. 55/2003/QD/BTC 16 June 04, 2003, Promulgating the Regulation on customs procedures, the control, supervision for international trains enter and exit
Customs procedures for road vehicles enter and exit
Dispatch of the General Department of Customs No. 4209/TCHQ-GSQL 12 09 2006 on the implementation of customs procedures for road vehicles enter and exit
Open and use the account
Open account direct investment in foreign currency
Residents are foreign-invested enterprises and foreign parties to business cooperation contracts must open an account direct investment in a foreign currency at a credit institution licensed to carry out the transactions revenues and expenditures, as well
Collection of contributed capital, capital for direct investment and foreign loans and long-term;
Foreign exchange earnings from foreign currency deposit accounts of residents are foreign-invested enterprises and foreign four minority business contracts;
Foreign currency into foreign currency deposit accounts of residents are foreign-invested enterprises and foreign parties to business rate contracts;
Payment of principal, interest and costs of the cup medium-and long-term loans out of Vietnam;
Transfer of capital, profits and income pile phop of foreign investors out of Vietnam;
The transaction revenues and expenditures related to direct investment activities.
Profile accounts including:
Certificate of registration to open an account (in the form of credit institutions specified)
Operating license (for industry law)
Document defining the general directors, directors, heads of units (appointed, contract,
...)
Investment licenses or investment certificates
Joint venture contract (in case of joint venture company)
Open account and use of indirect investment in Vietnam dong
Non-residents are foreign investors must open an account indirect investment in Vietnam dong at credit institutions licensed to make indirect investment in Vietnam. Invested in foreign currency to sell for VND to indirect investment in Vietnam. All transactions relating to portfolio investment activities are carried out through indirect investment capital account in Vietnam dong.
Indirect investment capital account in the Philippines is used to carry out the transaction revenue and expenditure following:
Revenues from the sale of foreign currency to the authorized credit institution;
Income from salary, bonuses and other lawful income of non-resident foreign investors;
Income from the transfer of equity, shares, securities, dividend and other payments arising from indirect investment activities;
Contribution of capital, buy stock, buy stocks and other expenses related to the indirect investment activities;
Purchase of foreign currency at credit institutions are allowed to transfer abroad;
Payment of the costs incurred in Vietnam;
The transaction revenues and expenditures related to indirect investment in Vietnam.
Collection of contributed capital, capital for direct investment and foreign loans and long-term;
hu exchange from foreign currency deposit accounts of residents are foreign-invested enterprises and four foreign minority business contracts;
Foreign currency into foreign currency deposit accounts of residents are foreign-invested enterprises and foreign parties to business rate contracts;
Payment of principal, interest and costs of the cup medium-and long-term loans out of Vietnam;
Transfer of capital, profits and income pile phop of foreign investors out of Vietnam;
The transaction revenues and expenditures related to direct investment activities.
Profile accounts including:
Certificate of registration to open an account (in the form of credit institutions specified)
Operating license (for industry law)
Document defining the general directors, directors, heads of units (appointed, contract, etc.)
Investment licenses or investment certificates
Joint venture contract (in case of joint venture company)
Field lines specified legal capital
LIST
OF LINES STATUTORY PROVISIONS CAPITAL
•
Trading securities
- Brokerage: 25 billion VND
- Self-trading: 100 billion VND
- Underwriting of securities: 165 billion VND
- Financial Advisory and Securities Investment: 10
billion VND
Tổ chức tín dụng
Tổ chức tín dụng
|
Type of legal capital credit institutions apply until
Commercial banks
|
2008 2010
|
|
|
Stock commercial banks 1,000
billion VND 3,000 billion
|
Bank sales of 1,000 billion VND
3,000 billion
|
|
|
Banks with 100% foreign capital 1.000 billion 3.000
billion
|
Branches of foreign banks $ 15 million $ 15 million
|
Non-bank credit institutions
|
|
Financial companies 300 billion 500 billion
|
Financial leasing companies 100 billion 150 billion
|
|
|
Type of legal capital credit institutions apply until
|
2008 2010
|
Bank
|
|
Commercial banks
|
Stock commercial banks 1,000 billion VND 3,000 billion
|
Bank sales of 1,000 billion VND 3,000 billion
|
|
Banks with 100% foreign capital 1.000 billion 3.000
billion
|
Branches of foreign banks $ 15 million $ 15 million
|
Non-bank credit institutions
|
|
Financial companies 300 billion 500 billion
|
Financial leasing companies 100 billion 150 billion
|
|
|
Type of legal capital credit institutions apply until
|
2008 2010
|
Bank
|
|
Commercial banks
|
Stock commercial banks 1,000 billion VND 3,000 billion
|
Bank sales of 1,000 billion VND 3,000 billion
|
|
Banks with 100% foreign capital 1.000 billion 3.000
billion
|
Branches of foreign banks $ 15 million $ 15 million
|
Non-bank credit institutions
|
• Business travel
- Business inbound: 50 million VND
- Business international travel: 250
million VND
After being granted the business
registration certificate, enterprises shall be deposited into the escrow
account at the bank where the enterprise open trading account during business
travel.
• Business Services job
After being granted a certificate of
business registration, business must be at least 300 million deposit at the
bank to submit the application for license to operate in the Department of
Labor, War Invalids and Social Affairs.
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