Legal Counselling

Vietnam: How to handle when detecting inaccurate investment registration documents?

10:20, 15/11/2015

Recently, the Government of Vietnam issued Decree No. 118/2015/NĐ-CP providing guidelines for some Articles of the Law on Investment.

xu ly khi phat hien ho so dang ky dau tu khong chinh xac, Nghi dinh 118/2015/NĐ-CP

Specifically, according to Decree No. 118/2015/NĐ-CP of Vietnam’s Government, where information provided in the application for investment registration is found inaccurate, within 05 working days from the day on which the valid application is received, the investment registration authority shall request the investor to remake it.

If there are grounds to determine that an investor use fraudulent documents in the application for issuance or adjustment of the Investment Registration Certificate, the investment registration authority shall make a notification of the investor’s violations and invalidate the Investment Registration Certificate or cancel the adjustments to the Investment Registration Certificate which are based on fraudulent information and restore the original Investment Registration Certificate based on the latest valid application, and notify a competent authority.

The investor is responsible for the damage caused by provision of incorrect information or use of fraudulent documents.

View full text at Decree No. 118/2015/NĐ-CP of Vietnam’s Government, effective from December 27, 2015.

Thu Ba

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

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