5 contents of appraisal for projects for manufacturing of supporting products in Vietnam

On December 30, 2015, the Ministry of Industry and Trade of Vietnam issued the Circular No. 55/2015/TT-BCT regulating procedures for incentive certification and verification of projects for manufacturing of supporting products on the list of prioritized supporting products.

5 Nội dung thẩm định đối với dự án sản phẩm công nghiệp hỗ trợ, Thông tư 55/2015/TT-BCT

According to Article 6 of the Circular No. 55/2015/TT-BCT of the Ministry of Industry and Trade of Vietnam, scope of appraisal for projects for manufacturing of supporting products on the list of prioritized supporting products includes:

1. The observance of regulations of the Decree No. 111/2015/ND-CP on development of supporting industry dated November 11, 2015 of the Government.

2. Legal proceedings

3. Project feasibility and rationality of technological-technical solutions that apply to the project.

4. Financial ability, and the effectiveness of the project.

5. The viability of the environmental protective measures.

Besides, according to Article 7 of the Circular No. 55/2015/TT-BCT, power to certify incentive for the above-mentioned projects is as follows:

- The competent authority of a local government where the project is located or the Ministry of Industry and Trade shall carry out the incentive certification of such project of SMEs.

- The Ministry of Industry and Trade shall carry out the incentive certification of projects for manufacturing of supporting products that are invested by other type of businesses.

View more details at the Circular No. 55/2015/TT-BCT of the Ministry of Industry and Trade of Vietnam, effective from January 01, 2016.

Le Vy

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