Investment in the form of BCC contract in Vietnam

Hi DMS Law firm in Vietnam! Can foreign investors, foreign enterprises participate in a BBC contract in Vietnam ?

Hi!

Business cooperation contract (BCC contract) in Vietnam:

A BCC contract signed between domestic investors shall be performed in accordance with the civil law.

A BCC contract signed between a domestic investor and a foreign investor or foreign investors shall require the procedures for issuance of an Investment Registration Certificate  (IRC) to be carried out in accordance with Article 37of this Law.

The parties to a BCC contract shall establish a co-ordinating board to perform the BCC contract. The functions, duties and powers of the co-ordinating board shall be agreed by the parties (Article 28 Law on Investment No. 67/2014/QH13 dated November 26, 2014).

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Investment in the form of BCC contract in Vietnam