Legal Counselling

Vietnam’s regulations on outward investment capital in petroleum industry

Anh Tú

09:35, 17/04/2018

“Outward investment capital” means the amount and assets transferred abroad by the investor to gain the right to participate in the project or contribute capital to the project and profits distributed to the investor for investment in the project.

According to Decree No. 124/2017/NĐ-CP of Vietnam’s Government, outward investment capital is represented in the following forms:

- The foreign currency account of the licensed credit institution or purchased in the licensed credit institution in foreign currencies or foreign exchange from other legal capitals in accordance with regulations of law.

- Vietnam dong in accordance with regulations on foreign exchange administration.

- Machinery, equipment, raw materials, fuel, finished and semi-finished products.

- Value of industrial property rights, technical know-how, technology process, technical services, intellectual property rights and brands.

- Other legal assets.

Revenues received by the investor and transferred back to the investor’s home country shall be offset against the total capital transferred abroad upon determination of the outward investment capital of the investor.

View more details at Decree No. 124/2017/NĐ-CP of Vietnam’s Government, effective from January 01, 2018.

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