Q. What do the projects need to be approved by People’s Committees?
Except for the investment projects approved by The National Assembly and The Prime Minister, People’s Committees shall grant approval for investment guidelines of the following investment projects.
- Investment projects that request the State to allocate or lease out land without auction or bidding for or receipt of land use rights, and investment projects that request permission to repurpose land, except for cases of land allocation, land lease, or permission for land repurposing by family households or individuals not subject to the written approval by the provincial People’s Committee as prescribed in the law on land;
- Projects on the construction of residential housing (for sale, lease, or lease-purchase) and urban areas that use at least 50 hectares of land or less than 50 hectares of land but with a population of at least 15,000 people in an urban area; or that use at least 100 hectares of land or less than 100 hectares of land but with a population of at least 10,000 people in a non-urban area; or investment projects regardless of the area of land used or population within a restricted development area or within a historic inner area (determined in accordance with urban area planning projects) of a special urban area;
- Investment projects on construction and operation of golf courses;
- Investment projects of foreign investors and foreign-invested business entities executed on islands or in border or coastal communes; in other areas affecting national defense and security.
Important Notes: Unless projects on construction and operation of golf courses, other projects above executed in industrial parks, export-processing zones, hi-tech zones, and economic zones in conformity with planning approved by competent authorities shall be approved by management boards of such industrial parks, export-processing zones, hi-tech zones, and economic zones.
Q. What does indirect investment mean?4:17 PM|31/01/2021
Indirect foreign investment, on the other hand, is the investment made through the purchase of shares in Vietnamese companies, capital contribution, stocks, investments funds, or other similar financial vehicles. Indirect investment creates the foreigner’s presence in the management of a […]
Q. What does direct investment mean?4:16 PM|31/01/2021
Direct foreign investment indicates a 100% foreign-owned company or a joint venture company in which the foreign investor and a Vietnamese partner work together.
Q. What do the projects need to be approved by The Prime Minister?9:40 AM|12/01/2021
Except for the investment projects approved by The National Assembly, the Prime Minister shall grant approval for investment guidelines of the following investment projects. 1. Investment projects regardless of capital sources in any one of the following cases: Investment projects […]