Authority of the Prime Minister of Vietnam to make decision on investment policy

Authority of the Prime Minister of Vietnam to make decision on investment policy

Hi DMS Law office in Vietnam! What projects subject to the authority of the Prime Minister of Vietnam to make decision on investment policy ?

Hi!

Except for the projects subject to the authority of the Prime Minister of the Government to make the decision on the investment policy in accordance with the law on public investment and the projects prescribed in article 30 of this Law, the Prime Minister of the Government shall make the decision on the investment policy in respect of the following projects:

Projects regardless of sources of capital in one of the following cases:

Relocation and settlement of 10,000 people or more in mountainous areas and 20,000 people in other areas;

Construction and commercial operation of airports; and air transportation;

Construction and commercial operation of national seaports;

Exploration, production and processing of petroleum;

Business of betting and casinos;

Production of cigarettes;

Development of infrastructure in industrial zones, export processing zones and functional areas in economic zones;

Construction and commercial operation of golf courses.

Projects which are not in the cases prescribed in Clause 1 of this Article and have a scale of investment capital from 5,000 billion Dong or more.

Projects of foreign investors in the following sectors: business of sea transportation; business of telecommunications services with network infrastructure; afforestation; publication, press; and stablishment of a scientific and technological organization or a scientific and technological enterprise with one hundred per cent  (100%) foreign owned capital.

Other projects subject to the authority of the Prime Minister of the Government to make the decision on the investment policy or to make an investment decision as stipulated by law (Article 31 Law on Investment No. 67/2014/QH13 dated November 26, 2014)

Consulting Services:

Phone: 0914 165 703 or Email: dmslawfirm@gmail.com 

Authority of the Prime Minister of Vietnam to make decision on investment policy

Prepared by:
Thi-Ha Nguyen, ACCA
DMS Law firm in Vietnam
Director
(Signed)
Lawyer Do Minh Son

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