Tasks and entitlements of management boards of industrial parks, export-processing zones and economic zones in Vietnam

Duc Thao

14:30, 11/01/2021

This is a notable content of the Circular No. 12/2020/TT-BKHĐT dated December 28, 2020 on guidelines for functions, tasks, entitlements and organizational structures of management boards of industrial parks, export-processing zones and economic zones in Vietnam.

According to the Circular No. 12/2020/TT-BKHĐT of the Ministry of Planning and Investment of Vietnam, every Management Board shall carry out its tasks and entitlements regarding investment management as follows:

- Register investment; issue, adjust and revoke investment guideline documents and investment registration certificates; agree upon the payment of deposits for execution of investment projects under its management;

- Inspect and supervise the fulfillment of the investment objectives specified in investment guideline documents and investment registration certificates, the capital contribution, the execution of investment projects and the fulfillment of commitments by projects eligible for investment incentives; carry out periodic assessments of efficiency of investment activities and submit reports thereon to the Ministry of Planning and Investment of Vietnam;

- Resolve difficulties facing investors in industrial parks, export-processing zones and economic zones and request the Prime Minister, ministries concerned and provincial People’s Committee to address the issues that are beyond its power;

- …

More details at the Circular No. 12/2020/TT-BKHĐT of the Ministry of Planning and Investment of Vietnam, effective from February 16, 2021.

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