Officials and experts discussed amendments on several investment laws to more favourable conditions for investors, highlighting the need for simplifying and speeding up procedures.
Individuals will no longer be allowed to invest in real estate abroad if a new draft decree issued by the Ministry of Planning and Investment is approved.
Access to resources was vital for the development of of small- and medium-sized enterprises (SMEs), according to the Ministry of Planning and Investment.
The amendments to enterprise and investment laws should be aimed at promoting the development of the private sector, a conference held in Ha Noi was told on Wednesday.
More than 170 foreign direct investment (FDI) projects have been revoked licences due to slow progress of implementation in the southern province of Dong Nai since the Foreign Investment Law came into effect in 1988.
The finance ministry issued Circular No. 83/2016/TT-BTC ("Circular 83")
on June 17, 2016. It guides the implementation of investment tax
incentives prescribed in the Investment Law and Government decree No.
118/2015/ND-CP, which details and regulates several articles of the
Investment Law.
Tran Thi Hong Minh, director of the Business Registration
Management Agency under the Ministry of Planning and Investment (MPI),
talks about how the new regulations can be made effective in an
interview with Government portal chinhphu.vn.
Prime Minister Nguyen Xuan Phuc urged ministries to hasten the process
of drafting decrees providing guidelines for investment and business
activities, under Dispatch 789/TTg-PL that he signed last weekend.
The 2014 Investment Law, which has taken effect
since July 1, 2015, has made three significant modifications regarding
the procedures for capital contribution registration, share purchase,
policy request and investment registration.
The Ministry of Planning and Investment has publicised norms for 267
conditional business areas to help enterprises meet requirements under
the revised Investment Law which takes effect from July 1
The planning and investment ministry is finalising a draft decree for
building an adequate, transparent and consistent legal framework for the
implementation of the 2014 Investment Law.