Regulations on Overseas Investment Project Dossiers by the National Assembly

Overseas investment project file of the National Assembly - Illustrative image.

In Clause 1, Article 57 of the Law on Investment 2020, it is stipulated that the overseas investment project file requires the investor to submit to the Ministry of Planning and Investment including:

- Written registration for overseas investment;

- Documents on the legal status of the investor;

- Project proposal including the following main contents: form, objectives, scale, investment location; preliminary determination of investment capital, capital mobilization plan, capital structure; project implementation schedule, investment phases (if any); preliminary analysis of the project's investment efficiency;

- Documents proving the investor's financial capacity including at least one of the following documents: the investor's financial statements for the last 2 years; commitment of financial support from the parent company; commitment of financial support from a financial institution; guarantee of the investor's financial capacity; other documents proving the investor's financial capacity;

- Commitment to self-balance foreign currency sources or declaration of commitment for arranging foreign currency for investors from authorized credit institutions;

- Document of the representative body of the owner approving the investor's engagement in overseas investment activities and internal assessment report on the overseas investment proposal of the state enterprise in accordance with the law on the management and use of state capital invested in production and business in enterprises and other relevant laws or decision on overseas investment according to the Law on Enterprises;

- For overseas investment projects in industries and trades with conditions, the investor must submit documents from competent state agencies on meeting the requirements for overseas investment in accordance with relevant laws (if any).

In addition, Clause 2, Article 57 of the Law on Investment 2020 also stipulates that within 05 working days from the date of receipt of the complete dossier, the Ministry of Planning and Investment shall submit to the Prime Minister of the Government of Vietnam the decision to establish the State Appraisal Council.

For more details, refer to the Law on Investment 2020, effective from January 1, 2021.

Le Vy

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