Responsibilities of State regulatory authorities for incentive certification of projects for manufacturing of supporting products in Vietnam

According to Article 11 of the Circular No. 55/2015/TT-BCT of the Ministry of Industry and Trade of Vietnam, responsibilities of State regulatory authorities for incentive certification and verification of projects for manufacturing of supporting products on the list of prioritized supporting products are specified as follows:

- The Department of Heavy Industry shall:

+ Process applications and consult with Ministries, departments and relevant authorities (if any) on verification;

+ Inspect and instruct entities that manufacture supporting products on the list in the implementation of this Circular and relevant laws on manufacturing of supporting products.

+ Take charge of and cooperate with relevant Ministries, departments and agencies to carry out surprise and periodic inspections of projects provided with incentives.

- The competent authority of local government where the project is located shall take charge of and cooperate with units under provinces to:

+ Process applications and consult with relevant departments on verification ;

+ Inspect and instruct entities that manufacture supporting products on the list in the implementation of this Circular and relevant laws on manufacturing of supporting products.

+ Submit one original of the certificate of incentives to the Department of Heavy Industry – Ministry of Industry and Trade and 01 duplicate to the Department of Industry and Trade (if the Department of Industry and Trade is not the competent authority of the local government where incentives are certified).

+ Annually submit an aggregate report on projects eligible for incentive certification to the Department of Heavy Industry – Ministry of Industry and Trade.

- The Departments of Industry and Trade of provinces shall take charge of and cooperate with relevant Ministries, Departments and agencies to carry out surprise or periodic inspection of projects that benefit from incentives within their provinces.

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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