Process of issuing investment licenses:
1. Timeline:
- Projects subject to registration for issuance of investment licenses : 10 days.
- Projects to be evaluated for issuance of investment licenses: 20 days.
- Providing information, receipt of project dossier, evaluation and issuance of investment licenses (Hanoi Authority for Planning and Investment);
- Suggestion of project site, providing guidelines of architectural plan (Office of Chief Architects )
- Signing contract of land lease (Department of Land and Housing Management)
- Compensation and land clearance (The City’s Board of Land Clearance)
- Evaluation of construction work’s technical design and issuance of construction permit (Department of Construction)
- The application dossier will be submitted by investors to the Hanoi Authority for Planning and Investment and evaluated for issuing investment licenses (after having received written opinions of relevant ministries and submitted to Hanoi People’s Committee for approval).
2. Aspects to be evaluated:
- The legal status and financial position of foreign and Vietnamese investors
- The conformity of the project with the planning
- The socio-economic benefits
- The applied technical and technological level
- The appropriateness of land use
Documents required for foreign investment license:
1. Application for foreign investment license
2. For joint venture enterprises : Joint venture Contract and Charter
- For 100% foreign owned enterprises: Charter of the enterprise
- For Business Cooperation contracts: Business Cooperation Contract
3. Documents stating the legal status and the financial capacity of the foreign and the Vietnamese parties
4. Feasibility study of the project
5. Documents relating to the transfer of technology (in case there is a transfer of technology)
6. Documents relating to environment protection:
- Registration to meet Vietnamese environment standards
7. Legal documents concerning housing and land