- Issuance of Outward Investment Registration Certificate - projects subject to the Prime Minister's decision on investment guidelines

AUTHORITY
Ministry of Planning and Investment - MPI.
PROCEDURE

Step 1:
Investors proceed to register investment information on the National Investment Information System;
Step 2:
Investors submit the application dossier for issuance of the Outward Investment Registration Certificate at the MPI;
Step 3:
MPI sends dossier to get appraisal opinions of relevant agencies;
Step 4:
The consulted agency shall reply to the contents under its assigned management competence and shall send it to the MPI;
Step 5:
MPI organizes appraisal and prepares appraisal report to submit to the Prime Minister. During the appraisal process, if there is any content that needs to be clarified, MPI will notify the investor in writing. If the project is not eligible to submit to the Prime Minister for consideration and approval of the outward investment policy after having explained and supplemented, the MPI shall send a notification to stop considering the dossier;
Step 6:
The Prime Minister shall have the final decide on the outward investment policy;
Step 7:
MPI returns results to individuals/organizations.
SUBMISSION OF DOSSIER
Directly at the Ministry of Planning and Investment.
DOSSIER

Number:
08 (eight) dossier sets, including 01 (one) original set.
Element:
1.    Outward investment registration documents;

2.    Documentation of investor's legal status;

3.    Investment project proposal;

4.    Documents proving the financial capacity of the investor include at least one of the following documents: financial statements of the last 2 years of the investor; commitment to financial support of the parent company; financial institution's commitment to financial support; guarantee on the financial capacity of the investor; other documents proving the financial capacity of the investor;

5. Commitment to self-balancing foreign currency sources or a written commitment to arrange foreign currency for investors of an authorized credit institution. In case the investor chooses to submit a written commitment to self-balancing foreign currency sources, it shall be enclosed with the written confirmation of the investor's foreign currency account balance by a credit institution;

6.   The investor's decision to invest outward;

7. For offshore investment projects in the fields of banking, insurance, securities, press, radio and television, real estate business, investors shall submit documents from competent state agencies to satisfy the conditions for outward investment in accordance with relevant laws (if any);

8. The tax authority's document certifying the investor's fulfillment of tax payment obligations;

9. Documents certifying the location of the outward investment project;

10. Documents determining the form of outward investment;
11. Report on lending to outward economic organizations in case the outward investment project included this content;

12. Documents identifying the performance of guarantee obligations arising in the case of an outward investment project with the content that the investor lends a loan to an outward economic organization for the implementation of the investment project;

13. Other relevant documents.
ADMINISTRATIVE FEES
None.
DURATION
Investors submit dossier on MPI;
15 days after the date of registration on the National Investment Information System;
MPI sends a dossier of appraisal of opinions of relevant agencies;
03 working days from the date of receiving complete dossiers;
The consulted agency has an appraisal opinion on the contents under its management;
15 days from the date of receiving the dossier;
MPI organizes appraisal and reports to the Prime Minister;
30 days from the date of receiving the dossier;
The Prime Minister decides the policy;
10 days from the date of receipt of the MPI appraisal report;
MPI issues an outward investment registration certificate (in case the Prime Minister approves the policy);
05 working days from the date of receiving the investment policy approval from the Prime Minister;
MPI refuses to issue an offshore investment registration certificate (in case the Prime Minister does not approve the policy);
03 working days from the date of receipt of the written disapproval of the investment policy.
SUBJECT
Investors investing in projects in the fields of banking, insurance, securities, press, radio, television and telecommunications with outward investment capital of 400 billion VND or more;
Investors investing in projects other than those mentioned above have an outward investment capital of VND 800 billion or more.
RESULT
Valid dossier: Outward investment registration Certificate;
Invalid dossier: Notice of completion of application/rejection of IRC.
LEGAL BASIS
-  Law on Investment 2020;
- Decree 31/2021/ND-CP detailing and guiding the implementation of a number of articles of the Law on Investment.

AUTHORITY		Ministry of Planning and Investment - MPI.
PROCEDURE
	Step 1:	Investors proceed to register investment information on the National Investment Information System;
	Step 2:	Investors submit the application dossier for issuance of the Outward Investment Registration Certificate at the MPI;
	Step 3:	MPI sends dossier to get appraisal opinions of relevant agencies;
	Step 4:	The consulted agency shall reply to the contents under its assigned management competence and shall send it to the MPI;
	Step 5:	MPI organizes appraisal and prepares appraisal report to submit to the Prime Minister. During the appraisal process, if there is any content that needs to be clarified, MPI will notify the investor in writing. If the project is not eligible to submit to the Prime Minister for consideration and approval of the outward investment policy after having explained and supplemented, the MPI shall send a notification to stop considering the dossier;
	Step 6:	The Prime Minister shall have the final decide on the outward investment policy;
	Step 7:	MPI returns results to individuals/organizations.
SUBMISSION OF DOSSIER		Directly at the Ministry of Planning and Investment.
DOSSIER
	Number:	08 (eight) dossier sets, including 01 (one) original set.
	Element:	1. Outward investment registration documents;
		2. Documentation of investor's legal status;
		3. Investment project proposal;
		4. Documents proving the financial capacity of the investor include at least one of the following documents: financial statements of the last 2 years of the investor; commitment to financial support of the parent company; financial institution's commitment to financial support; guarantee on the financial capacity of the investor; other documents proving the financial capacity of the investor;
		5. Commitment to self-balancing foreign currency sources or a written commitment to arrange foreign currency for investors of an authorized credit institution. In case the investor chooses to submit a written commitment to self-balancing foreign currency sources, it shall be enclosed with the written confirmation of the investor's foreign currency account balance by a credit institution;
		6. The investor's decision to invest outward;
		7. For offshore investment projects in the fields of banking, insurance, securities, press, radio and television, real estate business, investors shall submit documents from competent state agencies to satisfy the conditions for outward investment in accordance with relevant laws (if any);
		8. The tax authority's document certifying the investor's fulfillment of tax payment obligations;
		9. Documents certifying the location of the outward investment project;
		10. Documents determining the form of outward investment;
		11. Report on lending to outward economic organizations in case the outward investment project included this content;
		12. Documents identifying the performance of guarantee obligations arising in the case of an outward investment project with the content that the investor lends a loan to an outward economic organization for the implementation of the investment project;
		13. Other relevant documents.
ADMINISTRATIVE FEES		None.
DURATION		Investors submit dossier on MPI;	15 days after the date of registration on the National Investment Information System;
		MPI sends a dossier of appraisal of opinions of relevant agencies;	03 working days from the date of receiving complete dossiers;
		The consulted agency has an appraisal opinion on the contents under its management;	15 days from the date of receiving the dossier;
		MPI organizes appraisal and reports to the Prime Minister;	30 days from the date of receiving the dossier;
		The Prime Minister decides the policy;	10 days from the date of receipt of the MPI appraisal report;
		MPI issues an outward investment registration certificate (in case the Prime Minister approves the policy);	05 working days from the date of receiving the investment policy approval from the Prime Minister;
		MPI refuses to issue an offshore investment registration certificate (in case the Prime Minister does not approve the policy);	03 working days from the date of receipt of the written disapproval of the investment policy.
SUBJECT		Investors investing in projects in the fields of banking, insurance, securities, press, radio, television and telecommunications with outward investment capital of 400 billion VND or more;
		Investors investing in projects other than those mentioned above have an outward investment capital of VND 800 billion or more.
RESULT		Valid dossier: Outward investment registration Certificate;
		Invalid dossier: Notice of completion of application/rejection of IRC.
LEGAL BASIS		- Law on Investment 2020;
		- Decree 31/2021/ND-CP detailing and guiding the implementation of a number of articles of the Law on Investment.