Authority of the National Assembly of Vietnam to make decision on investment policy

Hi DMS Law firm in Vietnam! Can you advise foreign investors on what projects subject to the authority of the National Assembly of Vietnam to make the decision on the investment policy ?

Hi!

Except for the projects subject to the authority of the National Assembly to make the decision on the investment policy in accordance with the law on public investment, the National Assembly shall make the decision on the investment policy in respect of the following projects:

Projects with a great effect on the environment or with a potentially serious effect on the environment, including:

-  Nuclear power plants;

-  Conversion of the land use purpose of a national park, natural conservation zone, landscape protection zone, forest for scientific research or experiment of 50 hectares or more; upstream protective forest of 50 hectares or more; protective forest as windbreaker, shelter from flying sand or breakwater or for reclamation from the sea or for environmental protection with an area of 500 hectares or more; and forests for production with an area of 1,000 hectares or more;

- Land use with a requirement for conversion of the land use purpose for wet rice cultivation on two harvests in an area of 500 hectares or more;

-  Relocation and resettlement of 20,000 people or more in mountainous areas or 50,000 people or more in other areas;

-  Projects which require application of a special mechanism or policy which should be decided by the National Assembly (Article 30 Law on Investment No. 67/2014/QH13 dated November 26, 2014).

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Authority of the National Assembly to make decision on investment policy in Vietnam