Licensing Small Investment Projects
Ho Chi Minh City’s People’s Committee has allowed the Department of Planning and Investment to consider, granting, renewing and amending investment certificates for projects with investment capital less than VND300 billion (US$18.5 million).
The Department will check and submit projects with investment capital of VND300 billion upwards. The People’s Council Office and People’s Committee Office will advise the People’s Committee to grant the investment licences within five working days from the reception of the application by the Department.
Besides, the Director of the Department of Planning and Investment is entitled to give permits to foreign companies to open transaction offices and change business locations within the territory of Ho Chi Minh City. He/she is also allowed to approve organisation charters of independent state-owned firms, state-run corporations and state-run holding companies.
H.Binh
Vietnamese
