02 ADDITIONAL ADMINISTRATIVE PROCEDURES IN THE FIELD OF OUTBOUND INVESTMENT
DIRECTLY SPREADING UNTRUTHFUL INFORMATION ABOUT OTHER ENTERPRISES WILL BE FINED UP TO VND 300 MILLION
13/01/2020
THE PERMISSIBLE EXPOSURE LIMIT VALUE OF 50 CHEMICALS AT THE WORKPLACE ISSUED BY MINISTRY OF HEALTH
13/01/202002 ADDITIONAL ADMINISTRATIVE PROCEDURES IN THE FIELD OF OUTBOUND INVESTMENT
According to Decision No. 1967/QD-BKHDT in 2019 issued by the Ministry of Planning and Investment and coming into effect on December 13, 2019:
– 02 new administrative procedures in the field of outbound investment under the management of the MPI are supplemented, including:
(i) Notice of outbound investment activities:
It is required that within 60 days from the date the investment project is approved or licensed per the laws of the host nation, the investor must send a written notice of and attach a copy of the written approval of the investment project or documents proving such investor has the right to invest in the host nation to the Ministry of Planning and Investment, the State Bank and the foreign mission of Vietnam in the host nation. The agencies in charge will receive and oversee.
(ii) Extension of transfer of profits to Vietnam:
Investors, whose outbound investment projects incur profits which have not yet been transferred to Vietnam and have not retained to increase the project capital, shall submit a dossier directly or via public post to the Ministry of Planning and Investment for receiving and processing.
Best regards,
