Approval for Adjusting Investment Policy in Which Cases?

According to Clause 2, Article 41 of the Investment Law 2020 (effective January 1, 2021), investors with investment projects that have been approved for investment policy must carry out procedures for approval of adjustments to the investment policy if they fall into one of the following cases:

- Changes to the objectives stipulated in the document approving the investment policy; addition of objectives subject to investment policy approval;

- Changes to the land use scale by more than 10% or over 30 hectares, changes to the investment location;

- Changes to the total investment capital by 20% or more that alter the scale of the investment project;

- Extending the project implementation schedule where the project's total investment time exceeds 12 months compared to the project implementation schedule stipulated in the initial investment policy approval document;

- Adjustment of the operation duration of the investment project;

- Changes to the technology that was appraised and consulted during the investment policy approval process;

- Changes to the investor of the investment project that is approved for investment policy simultaneously with the approval of the investor before the project is exploited, operated, or changes to the conditions for investors (if any).

Sincerely!