Duties of the Investor in Constructing Vietnam's Representative Offices Abroad

Responsibilities of the Investor for the Construction of Vietnam's Representative Agencies Abroad (Illustration)

Circular 03/2008/TT-BNG stipulates that the investor for the construction of Vietnam's representative agencies abroad has the following duties and powers:

- Investor: A Vietnamese entity abroad that is directly assigned the responsibility for managing and using funds to implement the project, and managing and using the facility after the investment.- In cases where the Vietnamese entity abroad is not capable of performing the investor's tasks, the ministry or sector managing the Vietnamese entity abroad shall undertake the investor's responsibilities for the project. The investor's team includes personnel directly working at the Vietnamese entity abroad to perform the investor's tasks abroad and manage construction activities.- If the investor is abroad, the ministry or sector managing the Vietnamese entity abroad may establish an organization to represent the investor to perform the investor's tasks domestically.- The investor has the duties and rights under Vietnamese law and must comply with the regulations of the host country from the project preparation phase through project implementation and acceptance for use. The investor is responsible for the tasks and powers assigned under Vietnamese law and the regulations of the host country.

More details can be found in Circular 03/2008/TT-BNG, effective from February 22, 2009.

Ngoc Tai

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