State management agencies would inspect
foreign-invested projects periodically or unexpectedly in a bid to guarantee
the effects of legal regulations under a draft circular newly released by the
Ministry of Planning and Investment.
The
circular was composed to provide guidelines for the implementation of Decree No
113/2009/ND-CP, issued in late 2009, on investment assessment and supervision.
The
move would make sure that every phase of each project complied with the law and
that project goals and their social effects were performed, the ministry
specified.
According
to the draft, authorities would check that foreign-invested enterpises/projects
conform to investment licences, development plans, investment incentives as
well as regulations related to capital attraction, land use, site clearance and
compensation.
They
would also inspect such matters as capital contribution, project progress, tax
duty performance, wage mechanisms, labour treatment and environmental
protection.
The
ministry said authorities would classify foreign-invested projects into
different groups to take appropriate actions, from giving firms more
preferential policies, helping them solve difficulties, to revoking land use
rights or investment licences.
Meanwhile,
the State Bank of Vietnam said it was building a scheme to enhance the
country's foreign direct investment infux management efficiency.
VNS
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Healthcare and Life Science with expertise in ASEAN. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programmes. Many thanks for visiting www.yourvietnamexpert.com and/or contacting us at contact@yourvietnamexpert.com
No comments:
Post a Comment