From January 15, 2025, special investment procedures for a number of technology fields prescribed in Law amendments to Law on Planning, Law on Investment, Law on Public-Private Partnership Investment and Law on Bidding (Law No. 57/2024/QH15) will come into force.
Accordingly, special investment procedures are specifically regulated as follows:
- Applicable objects:
+ The projects in industrial zones, export-processing zones, hi-tech zones, centralized IT zones, free trade zones and functional sections inside the perimeter of economic zones in the following sectors;
+ Investment in construction of innovation centers, research and development (R&D) centers; investment in semiconductor integrated circuit industry, and technologies used in design and manufacturing of integrated circuits (IC) and their components, components and circuits of printed electronics (PE), chips and semiconductor materials;
+ Investment in high technologies given priority for investment and development, and manufacturing of products on the list of recommended high technology products as decided by the Prime Minister.
- Application for investment registration shall include:
+ The documents specified in points a, b, c, d, dd, g and h clause 1 Article 33 of Law No. 57/2024/QH15
+ Commitments document on satisfaction of relevant conditions, standards and technical regulations as prescribed by laws on construction, environmental protection, and firefighting and prevention;
+ The proposal for investment project includes identification and forecasting of environmental impacts, and measures for minimizing negative environmental impacts instead of preliminary assessment of environmental impacts.
- Procedure:
+ The application for investment registration shall be submitted to the management board of the relevant industrial zone, export-processing zone, hi-tech zone or economic zone.
+ Within 15 days from its receipt of the application, the management board of the relevant industrial zone, export-processing zone, hi-tech zone or economic zone shall carry out assessment of the received application and issue an investment registration certificate.
- Related procedures:
Investors that have successfully completed procedures for investment registration as prescribed shall not be required to follow:
+ Procedures for approval for investment guidelines.
+ Carry out technology appraisal.
+ Formulate environmental impact assessment report and detailed planning.
+ Follow procedures for issuance of construction permit.
+ Other procedures for approval or permission in the fields of construction, and firefighting and prevention.
- Management boards of industrial zones, export-processing zones, hi-tech zones or economic zones are responsible for inspecting, supervising and assessing project execution in accordance with regulations of law; dealing within their competence or requesting competent authorities to deal with project-related issues.