Ministry of Planning and Investment
FOREIGN INVESTMENT AGENCY
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Tuesday, 16/07/2024
Legal Document
Apply 3% of security for the capital portion of up to VND 300 billion
Saturday, 17/04/2021 05:25
Apply 3% of security for the capital portion of up to VND 300 billion

The Government's Decree No. 31/2021/ND-CP detailing and guiding the implementation of a number of articles of the Investment Law is issued on March 26, 2021.

The investors shall pay a deposit or obtain a guarantee of a credit institution or foreign bank branch established under Vietnamese laws on the obligation to make a deposit to secure the performance of an investment project that is allocated or leased land by the State or permitted to change the land use purpose. The security for implementation of an investment project shall be calculated in percentage of its investment capital as follows: For the capital portion of up to VND 300 billion, the security percentage is 3%; For the one of between over VND 300 billion and 1,000 billion, the percentage is 2%; This percentage is 1%, for the one of over VND 1,000 billion.

Besides, management boards of industrial parks, export processing zones, hi-tech parks and economic zones shall grant, modify and revoke investment registration certificates of following investment projects: Investment projects on building and commercial operation of infrastructure of industrial parks, export processing zones, hi-tech parks and functional quarters of economic zones; Investment projects implemented in such industrial parks, export processing zones, hi-tech parks and economic zones.

For investment projects implemented inside industrial parks, export processing zones, hi-tech parks and economic zones, the investors may conduct the following activities: Leasing or purchasing ready-built workshops, offices, warehouses and storing yards to serve their production and business activities; Paying for the use of technical infrastructure and service facilities; Leasing and subleasing out their workshops, offices, warehouses and storing yards and other already-built works to serve production and business activities in accordance with the laws;…

This Decree takes effect on the signing date.

Theo luatvietnam.vn
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