INVESTMENT IN ESTABLISHMENT OF ECONOMIC ORGANIZATIONS
(Law on Investment 2014 Law No. 67/2014/QH13 Decree 118/2015/ND-CP Guiding the implementation of a number of articles of the Law on Oil and Investment 2014)
1. Establishment of economic organizations of foreign investors
Investors may establish economic organizations in accordance with law. Before establishing an economic organization, a foreign investor must have an investment project, carry out the procedures for issuance of an investment registration certificate according to the provisions of Article 37 of the Investment Law, and must satisfy the following conditions:
a) The prescribed rate of ownership of charter capital;
b) Form of investment, scope of activities, Vietnamese partners participating in the implementation of investment activities and other conditions under the provisions of international treaties to which the Socialist Republic of Vietnam is a signatory.
2. Foreign investors establishing economic organizations shall carry out the following procedures:
a) Carry out the procedures for granting the Investment Registration Certificate according to regulations;
b) After being granted the Investment Registration Certificate as prescribed in Point a of this Clause, the investor shall carry out the procedures for establishing an economic organization to implement the investment project and business activities.
c) The charter capital of an economic organization established by a foreign investor to execute an investment project is not necessarily equal to the investment capital of the investment project.