Detailed Regulations on Overseas Investment

The decree specifies five types of overseas investment projects which need documents validating the project sites, including those in energy; agro-forestry-fisheries farming, exploitation and processing; mineral survey, exploration, exploitation and processing; manufacturing, processing and engineering; real estate and infrastructure.

 

Investors are able to transfer abroad foreign currencies, goods and machinery before getting overseas investment certificates to meet expenses for their investment projects such as market and field surveys, international biddings, deposit or other financial guarantees, as well as asset purchase or hiring and other requirements by bid solicitors, the host countries or territories.

 

Investors in overseas projects are allowed to transfer abroad an amount of foreign currencies not exceeding 5 percent of their total investment capital, or no more than US$300,000, as payment for activities related to their projects before getting investment licenses from foreign local authorities.

 

Decree 83/2015/ND-CP took effect on the date of signing and replaced Decree 78/2006/ND-CP dated August 9, 2006 of the Prime Minister on overseas direct investment.