is determined by the Government for each project but shall not exceed
50 years unless special permission is obtained from the Standing Committee
of the National Assembly which may approve a period up to 70 years
in specific cases.</i><p>
<a name=)
Go top
 in :</i><p>
<ul>
<li> foreign currencies.
<li> plant, buildings, machinery, equipment, components.
<li> patents, know-how or other technical services.<p>
</ul>
<li><i>b. The Vietnamese partner to a joint venture enterprise may contribute to the joint venture prescribed capital (also known as legal cpital) in:</i><p>
<ul>
<li> Vietnamese or foreign currencies.
<li> natural resources as per stipulations of the Vietnamese Government.
<li> buildings, materials and other kinds of fixtures and furnishings.
<li> the value of the rights to the use of land, water or sea surfaces as per stipulations of the government.
<li> machinery, equipment, tools and components.
<li> the supervision of construction and commissioning of plants, patents, know-how, technological processes and technial services.<p>
Subject to agreement with the Vietnamese party, there is no litmit on the proportion of prescribed capital which may be capitalised by the foreign party. Such contribution must, however, be at least 30 per cent of the total prescribed capital.
The prescribed capital of a joint venture enterprise must not be less than 30 per cent of the total investment capital. In special cases, the SCCI may approve less than 30 per cent.
Prescribed capital could be contributed once in full at the time of establishment of the joint venture enterprise or by instalments as agreed upon by the parties.<p>
</ul>
</ul>
<li><h4><i>2. 100% foreign Owned Enterprise</i></h4><p>
The prescribed capital of a 100% foreign owned enteprise should be equivalent to at least thirty (30) per cent of the total investment capital of the enterprise. In special cases, this proportion may be less than thirty (30) per cent if approved by the SCCI.
</ul>
<a name=)
 per cent foreign
owned capital shall include the following principal matters:</i>
<ul>
<li> The nationality, address, and authorized representative of the foreign
investor
<li> The name of the enterprise, its address and its activities.
<li> The invested capital, the prescribed capital, the timetable for capital
contribution and any construction project.
<li> The representatives of the enterprise before the law courts, arbitration
and Stare bodies of Vietnam.
<li> The principles governing financial matters, accounting standards, and
statistics, and the insurance of the assets of the enterprise.
<li> The duration of the enterprise, termination and dissolution.
<li> Labour relations in the enterprise
<li> Training plans for executives, technical and business persons and
employees.
<li> The procedure for amending the charter of the enterprise.
</ul>
<li><h4>c. Information evidencing the foreign investors' juridical person
status and financial positon.
<li>d. A feasibility study.</h4>
</ul>
</ul>
<a name=)
, usually
within three months of an application being made.<p>
fees payable for a business licence (business co-operation contract) and
investment licence (joint venture contract and 100 per cent company) are
between US$50 and US$10,000 depending on the value of the project. The fees
is 0.01 per cent of the total invested capital so that the US$10,000 fee
cuts in at a project value of US$100 million.</i><p>
<a name=)
for projects of Group A:The Chairman of the State Committee for Co-operation and Investment shall undertake to gather the opinions of the State Planning Committee and the concerned Ministries, submitting them to the Prime Minister for consideration and decision. In case of disparity in the Ministries' opinions on significant matters of the projects, the Chairman of the State Committee for Co-operation and Investment shall set up a consultative council consisting of the competent representatives from State Planning Committee and from concerned Ministries and experts for project consideration before submitting them to the Prime Minister. for each special specified situation, the Prime Minister will ask the National Council for project evaluation to research and consult for Prime Minister's reconsideration and decision.
for projects of Group B:The Chairman of the State Committee for Co-operation and Investment shall consult the State Planning Committee and concerned Ministries before consideration and decision.
The concerned Ministries shall be liable to assign their personnel to work with the State Committee for Co-operation and Investment for evaluation of invested projects.
Duration of investment project evaluation
Implementation of invested project
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