Authority to approve project investment policy in Vietnam? Is there authority to approve project investment policy in Vietnam? The authority to approve project investment policies in Vietnam plays a vital role in the management and operation process of investment projects. The investment policy is an important basis for shaping the project’s goals, scope, scale, and delivery method. In order to ensure the feasibility, efficiency and sustainability of projects, the power to approve investment policies is carried out by competent institutions and organizations in accordance with the law .
In the process of approving an investment policy, the relevant authorities carefully evaluate the financial viability, resource, economic, social and environmental efficiency of the project. This helps ensure that projects meet the country’s development goals without negatively impacting the environment or society.
The authority to approve investment policies represents the considerations, responsibilities, and decisions of the governing body to protect national interests and local communities. This process typically includes a review and evaluation of the project’s technical, economic, social, and environmental information, thereby creating a foundation for sustainable and effective implementation of the project.
In the context of economic development, the power to approve investment policies plays an important role in shaping the face of a country, fostering innovation and promoting sustainable development. Through this process, Vietnam is committed to ensuring consideration, transparency and efficiency in the construction and management of investment projects, contributing to improving the quality of life of the people and the overall development of the country. To better understand Vietnam’s laws and regulations regarding the authority to approve investment policies, please refer to the following articles immediately:
Begin your journey of discovery regarding investment procedures in Vietnam, where opportunities await and success is not far away !
Do you need advice or support on what you are looking for ? For help setting up a business in Vietnam, investing, applying for temporary residence cards and visas, entry permits and work permits, please contact Vietnam Contact Luật Quốc Bảo .
Please contact hotline /zalo : 0763387788 .
Address : 528 Le Van Sy , District 14 , District 3 , Ho Chi Minh City
Facebook fan page : https://www.facebook.com
Authority to approve investment policy for projects in Vietnam
– Congress
– Prime Minister
– Provincial People’s Committee
Authority to approve project investment policy in Vietnam
- Parliament’s authority to approve investment policies
Parliament approves investment policies for the following investment projects:
– Investment projects that have a significant impact on the environment or are likely to have a significant impact on the environment include:
+ Nuclear power plant.
Investment projects that require a change in land use purpose of 50 hectares or more of special purpose forests, watershed protection forests or border protection forests. More than 500 hectares of wind and sand protection forest, as well as wave and marine protection forest. More than 1,000 hectares of production forest.
– Investment projects that require a change in land use purpose for second or more paddy rice cultivation on an area of 500 hectares or more .
– Investment projects that require the relocation of more than 20,000 people in mountainous areas and more than 50,000 people in other areas .
– Investment projects that require the application of special mechanisms and policies require parliamentary approval.
( Article 30 of the Investment Law 2020 )
- Prime Minister’s authority to approve investment policy
Article 1 , the Prime Minister shall approve investment policies for the following investment projects:
– An investment project, regardless of its funding source, falls under one of the following cases:
+ Investment projects that require the relocation of more than 10,000 people in mountainous areas and more than 20,000 people in other areas .
+ New construction investment projects: airports, airfields. runway of an airport or airfield. International airport passenger terminal. An airport or airfield cargo terminal with a transport capacity of 1 million tons or more per year .
+ New investment project in air passenger transportation business.
+ New construction investment projects: wharves, port areas belonging to special seaports. Wharves and port areas belonging to first class seaports with investment capital of VND 2.3 trillion or more.
+ Investment projects related to oil and gas processing.
+ Investment projects related to gambling and casino operations, excluding award-winning electronic gaming operations for foreigners.
+ Investment projects related to the construction of housing (sale, rental, lease purchase) and urban areas with a land use size of 300 hectares or more or a population size of 50,000 people or more.
+ Investment projects related to infrastructure construction and operations in industrial parks and export processing zones.
– Investment projects of foreign investors in telecommunications service business areas such as network infrastructure, afforestation, publishing and reporting.
– Investment projects that are simultaneously subject to the investment policy approval authority of two or more provincial-level People’s Committees.
– Any other investment project that falls within the power of the Prime Minister to approve investment policies or investment decisions in accordance with the law.
( Article 31 of the Investment Law 2020, amended by Article 3, Paragraph 1 of Law No. 03/2022/QH15 )
- Authority to approve investment policy of provincial People’s Committee
– Except for the investment projects prescribed in Articles 30 and 31 of this Law , the provincial People’s Committee shall approve the investment policy of the following investment projects:
+ Investment projects that require the state to allocate or lease land without auction, tender or transfer, or that require permission to change the purpose of land use. However, this excludes cases of land allocation, land lease, and permission for changes. Land use purposes for households and individuals that do not require written approval from the provincial People’s Committee in accordance with land laws.
+ Investment projects related to the construction of housing (sale, lease or lease-purchase), urban areas with a land use size of less than 300 hectares and a population of less than 50,000 people.
+ Investment projects related to golf course (golf) construction and business.
+ Investment projects of foreign investors, foreign investment economic organizations implemented in islands, border communes, districts, townships. Coastal communes, wards and towns. Other areas affecting national defense and security.
– For investment projects specified in points a, b and d of Clause 1 of this article, which are implemented in industrial parks, export processing zones, high-tech parks and economic zones according to plans approved by the competent authorities ‘ approval authorities ; , by the management committee. Industrial parks, export processing zones, high-tech zones and economic zones shall approve investment policies.
( Article 32 of the Investment Law 2020, amended by Article 3 , Paragraph 2 of Law No. 03/2022/QH15 )
Authority to approve project investment policy in Vietnam
Legal services related to investment licenses and business establishment Quoc bao method
Legal services providing investment license or business establishment procedures under the provisions of the Quoc Bao Law is a process that assists clients in handling legal procedures related to the registration and licensing of investment projects or enterprises in Vietnam.
Setting up an investment or business in Vietnam requires compliance with local and national laws. In this case, Law Quoc Bao is an organization or individual that provides legal services and takes the necessary steps to help the client effectively obtain an investment license, establish a business, or comply with regulations. We specialize in supporting the.
Quoc Bao Law include:
- Advice on legal procedures and requirements related to investment or business establishment .
- We will assist you in gathering and preparing the necessary documents for the registration and licensing process .
- Representation and implementation of procedures related to communication with authorities and authorities.
- Verify and guarantee the validity of related documents and information .
- Coordinate and monitor the steps taken in the licensing process .
Quoc Bao Law ‘s legal services help clients create favorable conditions for business and investment processes in Vietnam by minimizing risks and ensuring full compliance with legal regulations.
Begin your journey of discovery regarding investment procedures in Vietnam, where opportunities await and success is not far away!
Do you need advice or support on what you are looking for ? For help setting up a business in Vietnam, investing, applying for temporary residence cards and visas, entry permits and work permits, please contact Vietnam Contact Luật Quốc Bảo .
Please contact hotline /zalo : 0763387788 .
Address: 528 Le Van Sy , District 14 , District 3 , Ho Chi Minh City
Facebook fan page: https://www.facebook.com
