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blue-check It is required to adjust investment registration certificate upon improving the capacity or applying new technologies

Official letter No. 7123/BKHDT-KTNN dated August 30th, 2023 of the Ministry of Planning and Investment regarding reply to proposals of Vietnam Association of Seafood Exporters and Producers
Posted: 13/9/2023 1:19:42 PM | Latest updated: 17/9/2023 5:27:57 PM (GMT+7) | LuatVietnam: 5784 | Vietlaw: 629
VietlawOnline

Based on clause 2 Article 41 of 2020 Law on Investment, the Ministry of Planning and Investment notes that with regard to the project of seafood processing plants that is not subject to approval for investment guidelines, upon making investments in improving the capacity or applying new technologies of the project, it is required to follow procedures for adjusting the investment registration certificate.

In case a project subject to approval for investment guidelines, when any technology that has been appraised during the process of approving the investment guidelines is changed, it is required to follow procedures for approving the adjustment to the investment guidelines according to the regulations at point e clause 3 Article 41 of the Law on Investment (the procedures for adjustment to the investment guidelines are considered to be more simple than procedures for adjustment to the investment guidelines for the first time).

According to opinions of the Ministry of Planning and Investment, the aforesaid regulations on procedures are intended to perform the state management of investment projects, strengthen environmental protection, technology transfer (with regard to technologies restricted from transfer) and applied consistently to all investment projects.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 629

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Dự án đầu tư mở rộngCập nhật đến: 30-Aug-2023

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