Problems relating to Trade and Investment on Vietnam
7. Procedures for the operation of the Foreign Investment Law |
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Issue |
Issue details |
Requests |
Reference |
| (1) Ambiguous, Arbitrary Investment Licencing Procedures | - No written guidance is available on investment licence acquisition procedures so that the requisite steps vary by the official in charge. Moreover, it took a long time (8-months in the case of an MFS) from filing application to acquisition of approval. |
- It is requested that GOV takes step to: -- harmonise and standardise the procedures, and -- eliminate differences between the officials in charge. |
- Law on Investment |
| (Improvement) - On 29 June 2015, foreign investment agency, ministry of planning and investment opened foreign investment portal website ("eRgegulation Vietnam"). Using the flow chart, it gives the procedural flow of investment into 4-provinces, and 3-direct-controlled municipalities, complete with information in Vietnamese and in English, the relevant institutions, laws and decrees, average examination period. Each investor can confirm the contact point of each official in charge, the requisite documents, expenses, examination period, etc. [Reference]: Web address of ("eRgegulation Vietnam") [in Vietnamese and in English] is at ( https://vietnam.eregulations.org/). - On 1 November 2015, GOV enforced Decree No. 78/2015/ND-CP "enterprise registration", concerning the procedures for registration of new enterprises, aimed at furthering transparency and effectivity, by addition of penal provisions under the related legislation. |
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| (2) Delayed Negotiation on Compensation for Compulsory Factory Move | - While the municipal authority presses MFS to move its factory site for the sake of the urban planning, its negotiation has not moved forward won't advance at all. | - It is requested that GOV compensates in full the expenses incurred for the move, inclusive of those incurred on account of Japanese expatriates. | |
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