Vietnam: Dossiers on investment projects on overseas Vietnamese missions

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.

Investment    Project    for    Building    Vietnamese    Representative    Offices,    Circular    03/2008/TT-BNG.

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:

1. For the investment preparation stage:

- Investment guideline decision.

- Approved bidding plan if the project involves bidding.

- Capital registration.

- Appraisal results of project and design.

2. For the investment stage:

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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