Home Legal services Investment consultant Corporate Law Corporate Legal Services

Investment project to build the factory in Vietnam

Investment project to build the factory

Investment project to build the factory

Investment project to build the factory in Vietnam. Under Vietnam Law on Investment, foreign investor firstly make an investment in Vietnam must prepare a project submitted to relevant competent authority.
A project is defined as a collection of proposals for the expenditure of medium and long-term capital in order to carry out an investment activity in a specific geographical area and for a specific duration. In such project, the foreign investor is required to detail issues relating to target markets, land use demands, project implementation schedule and environmental solution, so on.
It is important that the investment project must be compliant with master planning for land use, construction and utilization of natural resources and other resources that prepared by relevant competent authorities. Otherwise, the investment project shall be rejected. For avoiding non-compliance with above said master plan of competent authority, it is required for Foreign Investor to obtain an in-principle approval or agreement on land use right from competent authority or existed enterprises in Vietnam.
For the above purpose, foreign investor may contact with provincial competent authority to lease land use right (herein after referred to as “LUR”). Otherwise, foreign investor may work with infrastructure development companies for leasing land lot in Industrial and Processing Zones or work with other local companies for leasing warehouses or existing factory, etc.
As to our practical experience, generally foreign investors prefer locating their companies in Industrial and Processing Zones because of its convenience in utilization of labor and other resources as well as developed infrastructure.
When the factory is setup in Vietnam, the new company is entitled to import raw material and/or semi products from other countries for producing goods in Vietnam. Also, the company can distribute such products in Vietnam or export them to Asian Countries.
 
Our services in this regard will include:
SCOPE OF SERVICES
Pre-Licensing Procedure
  • Reviewing Land Use Right Lease Agreement/Warehouse, Factory Lease Agreement
  • Reviewing legal documents of Lessor to check legal right of Lessor to lease LUR or Warehouse/Factory
Preparation of the application documents:
  • Notifying application documents required in accordance with Vietnamese law;
  • Drafting application documents required for submission purpose including application, a feasibility study, power of attorney, board resolutions in English language;
  • Liaising with Client to discuss the draft application documents;
  • Amending the application documents based on Client’ comments;
  • Obtaining preliminary comments from the licensing authority on the draft application documents;
  • Finalising the application documents following comments from the licensing authority; and
  • Translating the final version of the application documents into Vietnamese for execution.
Licensing procedures:
  • Submitting the application dossier to the licensing authority on client’s behalf;
  • Monitoring and following up with the relevant authorities on the approval process;
  • Keeping Client updated on the developments and additional requirements, if any; and
  • Assisting Client in obtaining the amended investment certificate.
Post-licensing procedures:
  • Placing an announcement on the amendment of Investment Certificate in the newspaper.
Contact: Law Firm - SB Law in Vietnam
Complete contact request: Contact Form
Or Tel: 0983367068 / Send request email: dongtaylaw@gmail.com
- Consulting business law, investment advisory, litigation attorney representing
- Representatives of intellectual property, copyright protection
 

Newer articles

Older articles

 

Law firm in Vietnam

Corporate Social Responsibility (CSR)

S&B Law focus on the Corporate Social Responsibility by the practical contribution to the community and society.The Lawyer of S&B Law, with high qualification and experience, attended in the education and training. Lawyer Nguyen Thanh Ha and Lawyer Tran Trung Kien usually gave a lecture on legal...

Updated news

Advertising

Tim Kiem google

Login site