The provincial-level Planning and Investment Department shall terminate the project approved by the provincial-level People's Committee.

Procedures for approval for investment policies by People's Committees of provinces

According to Article 36 of the Law on Investment 2020:

"Article 36. Procedures for approval for investment policies of People's Committees of provinces

1. The documents mentioned in Clause 1 and Clause 2 Article 33 of this Law shall be sent to the registry office.

Within 35 days from the day on which the application is received, the registry office shall notify the investor of the result.

2. Within 03 working days from the day on which the satisfactory application is received, the registry office shall send written requests for opinions from the relevant regulatory agencies as prescribed in Article 33 of this Law.

3. Within 15 days from the receipt of the application, the receiving authority shall send a written response to the registry office.

4. Within 25 days from the day on which the application is received, the registry office shall make an appraisal report which contains the contents prescribed in Article 33 of this Law, and submit it to the People's Committee of the province.

5. In case of rejection, a written response specifying reasons thereof shall be given.

6. The People's Committee of the province shall consider approving the investment policies in accordance with Clause 1 Article 3 of this Law."

The provincial-level Planning and Investment Department shall terminate the project approved by the provincial-level People's Committee.

Accordingly, the application for approval for investment guidelines shall be sent to the Department of Planning and Investment. The provincial Departments of Planning and Investment shall send dossiers to relevant agencies for appraisal of contents of dossiers. After receiving the opinions from relevant agencies, the Service of Planning and Investment shall make a report on the assessment and submit it to the People's Committee of the province. Pursuant to this assessment report, the People's Committee of the province has decided whether to approve the investment in Vietnam policies.

The provincial-level Planning and Investment Department shall terminate the investment project with the investor being decided by the provincial-level People's Committee.

According to Clause 3 Article 48 of the Law on Investment 2020:

"Article 48.- Termination of operation of investment projects

…

3. If the project is subject to approval of investment policies, the registry office shall terminate the operation of the project after receiving opinions from the agency that grants approval for investment policies.

…"

Accordingly, for projects in which investment in Vietnam is approved, the registry office shall terminate the operation of the project after receiving opinions from the agencies that approve the investment in Vietnam policies. Assigning an investment in Vietnam registration agency to terminate the operation of the approved investment policy in order to simplify administrative procedures and facilitate the State management of investment.

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