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Information about Scale of the project

 

Hwang Daeshim
(@daeshim)
New Member
Joined: 8 tháng ago
Posts: 2
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To: Cantho Promotion Agency

 

My name is Hwang Daeshim from Korea, our company is planning to invest in a project of Can Tho city with a capital scale of 3,000 billion VND.

Could my project be under the authority to decide on investment policies of the People's Committee of the province / city?

 

Sincerely thank!

H. Daeshim

This topic was modified 6 tháng ago by Hwang Daeshim
This topic was modified 6 tháng ago by Phan Như Nguyệt

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Trần Chí Nguyện
(@jakemask)
Eminent Member
Joined: 1 năm ago
Posts: 23
 

Dear Mr. Daeshim,

 

Regarding the authority to decide on investment policies, in addition to the scale of investment capital, there must be some specific requirements on business lines, immigration, land area,... To determine which project your company is planning to invest in is under the authority to decide on investment policies of the National Assembly, the Prime Minister or the People's Committee of the province, you need to provide more detailed information. about the project.

You can refer to articles 30, 31, 32 of the 2014 Law on Investment as below:

 

Article 30. The National Assembly's authority to issue decisions on investment policies

Except for the projects subject to legal of decisions on investment policies by the National Assembly according to regulations of law on public investment, the National Assembly shall issue decisions on investment policies of the following projects:

  1. Projects that have significant effects on the environment or potentially have seriously affect the environment, including:
  2. a) Nuclear power plants;
  3. b) Projects that change purposes of land in national parks, wildlife sanctuaries, landscape sanctuaries, experimental forests of 50 hectares or larger; headwaters protective forests of 50 hectares or larger; protection forests meant for protection against wind, sand, waves, land reclamation, environmental protection of 500 hectares or larger, production forests of 1,000 hectares or above;
  4. Projects that change purposes of land meant for rice cultivation with two or more crops of 500 hectares or larger;
  5. Projects that require relocation of 20,000 people or more in highlands; 50,000 people or more in other areas;
  6. Projects that require special policies decided by the National Assembly.

Article 31. The Prime Minister's authority to issue decisions on investment policies

Except for the projects subject to complete of decisions on investment policies by the Prime Minister according to regulations of law on public investment and the projects mentioned in Article 30 of this Law, the Prime Minister shall issue decisions on investment policies of the following projects:

  1. The following projects of capital sources:
  2. a) Projects that require relocation of 10,000 people or more in highlands; 20,000 people or more in other areas;
  3. b) Construction and operation of airports; air transport;
  4. c) Construction and operation of national seaports;
  5. d) Petroleum exploration, extraction, and refinery;
  6. dd) Betting and casino services;
  7. e) Cigarette production;
  8. g) Development of infrastructure of industrial parks, export-processing zones, and specialized sectors in economic zone;
  9. h) Construction and operation of golf courses;
  10. Projects not mentioned in Clause 1 of this Article in which investment is VND 5,000 billion or above;
  11. Projects of investment of foreign investors in sea transport, provision of telecommunications services with network infrastructure; afforestation, publishing, journalism, the establishment of wholly foreign-invested science and technology organizations or science and technology companies;
  12. Other projects subject to the right of decisions on investment policies by the Prime Minister as prescribed by law.

Article 32. Authority to issue decisions on investment policies of the People's Committees of provinces

  1. Except for the projects subject to court of decisions on investment policies by the People's Committee of the provinces according to regulations of law on public investment and the projects mentioned in Article 30 and Article 31 of this Law, the People's Committees of provinces shall issue decisions on investment policies of the following projects:
  2. a) Projects that use land allocated or leased out by the State without auction or bidding or transfer; projects that require changes of land purposes;
  3. b) Projects that use technologies on the List of technologies restricted from transfer prescribed by regulations of law on technology transfers.
  4. The investment policies of investment projects in Point a Clause 1 of this Article executed at industrial parks, export-processing zones, hi-tech zones, and economic zones in conformity with planning approved by competent authorities are not subject to approval of the People's Committees of provinces.

 

Please provide more details about the project to us for consultation.

 

Best regards

Department of Investment Promotion


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