Requirements
1.
Application for implementing investment project (original + Simple copy)
be prepared and liable for by investors and be duly signed and sealed by investor's legal representative.
2.
Preliminarily explanation on investment project (original + Simple copy)
No suggested sample. This document should be liable for and prepared by investor, clearly indicating the followings: 1) the purpose, nature, scope/scale and capital of the investment project; 2) intended investment location/area; 3) request for the People's Committee and/or related authorities to recommend appropriate location for the investment project; 4) investment items, production line and technology, investment model, project management type; 5) project schedule and implementation plan; 6) solutions on environment protection, and ensuring hygiene, and fire prevention and fighting requirements to be met; 7) any proposal/request (if any); and 8) investor's commitment to implement project upon approval.
Profile on investment capacity
1.
Legalized copy of certificate of incorporation (2 simple copies)
2.
Certified translation of certificate of incorporation (2 simple copies)
3.
Consular legalized copy of 2 latest years audited financial report (2 simple copies)
should be the latest financial statement in three years which has been audited.
4.
Certified translation of 2 latest years audited financial report (2 simple copies)
5.
Statement on the investor's experience (original + Simple copy)
This is optional requirement demonstrating investor's experience in similar/same business lines/fields/domains which investor intends to invest in Vietnam.
Time frame
The date to obtain result is indicated in the document receipt and result return slip. In principle, it is the 10th day after the date of the slip. In reality, however, the result could be issued after the 10th day in some instances where supplementary document(s) is/are required to clarify the investment projects.
Waiting time in queue:
Max. 20mn
Attention at counter:
Min. 20mn - Max. 45mn
Waiting time until next step:
Min. 10 days - Max. 15 days
Legal justification
1.
Law No.16/2003/QH11 of the National Assembly on Construction
Article 39
2.
Decree No. 12/2009/ND-CP dated 12 February 2009 on management of investment projects on the construction of works
articles 2.2, 2.3.c, 7
3.
Decision No. 41/2012/QD-UBND Regulation on “one stop service” administrative procedure settlement on direct investment projects at Vinh Phuc Investment Promotion Agency
Article 7
Additional information
The file of investment project should be prepared in Vietnamese or both in Vietnamese and a commonly used foreign language. If there is any difference between the Vietnamese version and the foreign language version, the Vietnamese version shall prevail. Investor can prepare the application file by him/herself or can require local support (e.g. from law or consultancy firms).
Prior this step, investor should learn and determine possible location of investment project in Vinh Phuc province. If failing to do so, investor may, in this step, send a request to Vinh Phuc Investment Promotion Agency (IPA) office so that the People's Committee and related authorities could suggest appropriate location(s) in the province.