03:51 | 22/04/2022

Vietnam: What notice forms will the investment registration agency notify the departments, branches and localities to implement the procedures on land, tax?

Investors decide to terminate the investment project under the provisions of Clause 1, Article 48 of the Law on Investment 2020. What notice forms will the investment registration agency notifylo the departments, branches and localities to implement the procedures on land, tax? Looking forward to Lawnet answer. Thank you!

What notice forms will the investment registration agency notify the Departments, branches and localities to implement the procedures on land, tax?

Pursuant to Official Dispatch 2541/CV-TCT dated April 18, 2022 guiding the implementation of business investment projects under the law by the Prime Minister's Special Working Group on reviewing and removing difficulties and obstacles and promoting the implementation of issued investment projects as follows:

According to Clause 2, Article 57 of Decree 31/2021/ND-CP, the procedures for termination of investment projects are prescribed as follows:

Article 57. Conditions and procedures for termination of investment projects
...
2. Termination procedures are as follows:
a) If the investor decides to terminate the investment project himself/herself/itself as prescribed in Point a Clause 1 Article 48 of the Law on Investment, such investor shall send the termination decision to the investment registration authority within 15 days from the date of making the decision together with the investment registration certificate (if any);
b) If the investment project is terminated according to the conditions set out in the contract or enterprise's charter or upon the expiration of the project’s duration as specified in Points b and c Clause 1 Article 48 of the Law on Investment, the investor shall notify and return the investment registration certificate (if any) to the investment registration authority within 15 days from the date of termination together with a copy of the document recording the termination. The investment registration authority shall notify the project termination to relevant authorities;
c) If the investment project is terminated according to Clause 2 Article 48 of the Law on Investment, the investment registration authority shall decide to terminate the project and revoke the investment registration certificate in the case of the project issued with the investment registration certificate. The investment registration certificate shall be invalidated from the effective date of the decision on project termination.

Thus, the investment registration agency shall notify the termination of the investment project to the relevant agencies and enclose the decision or notice of the investor on the termination of the investment project and the investment registration certificate (if any).

What are the regulations on form of Decision on total termination of investment project in Vietnam?

According to the content of Circular 03/2021/TT-BKHDT, the Form of Decision on total termination of investment project is prescribed as follows:

What are the regulations on the form of Investment Registration Certificate in Vietnam?

According to the content of Circular 03/2021/TT-BKHDT, the form of Investment Registration Certificate is prescribed as follows:

The above contents base on Official Dispatch 2541/CV-TCT dated April 18, 2022 guiding the implementation of business investment projects under the law by the Prime Minister's Special Working Group on reviewing and removing difficulties and obstacles and promoting the implementation of issued investment projects.

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