Recently, the Ministry of Foreign Affairs of Vietnam issued Circular 03/2008/TT-BNG providing guidelines for the implementation of regulations on the management of projects for investment and construction of Vietnam representative offices located overseas and other overseas agencies.
Vietnam: Dossiers on investment projects on overseas Vietnamese missions (Illustrative image)
Circular 03/2008/TT-BNG stipulates the dossiers on investment projects on overseas Vietnamese missions in Vietnam as follows:
- Investment guideline decision.
- Approved bidding plan if the project involves bidding.
- Capital registration.
- Appraisal results of project and design.
Investment project for real estate trading:
- Investment project accompanied by the investment decision of the competent authority, project adjustment decisions (if any).
- Diplomatic Note from the host country on approval of the real estate purchase.
- Principle agreement on the purchase and sale of the house and land as the basis for payment of the deposit (if any).
- House and land purchase contract (conditions for buying and selling houses must comply with the laws of the host country; house and land ownership certificate accompanied by design drawings and house location), other related consulting contracts.
- Deposit guarantee note (if the contract stipulates a deposit).
Construction investment project:
- Investment project accompanied by the investment decision of the competent authority, project adjustment decisions (if any).
- Construction permit.
- Detailed design of construction works approved by the competent authority in accordance with the host country’s laws.
- Cost estimate and decision approving the total cost estimate of the project.
- Decision approving bidding results or direct contracting by the competent authority.
- Construction contract between the investor and the contractor.
- Construction supervision consulting, legal consulting, and project management consulting contracts under the host country’s laws (if any).
More details can be found in Circular 03/2008/TT-BNG effective from February 22, 2009.
Ngoc Tai
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