Useful tools for foreign investors Mr. Nguyen Noi, Deputy Director of the Foreign Investment Department (Ministry of Planning and Investment) assessed, with [...]
Mr. Nguyen Noi, Deputy Director of the Foreign Investment Department (Ministry of Planning and Investment) evaluated, with the provision of processes and procedures related to investment and business activitieso each individual step, Vietnam's Electronic Regulations System (E-regulations) is one of the useful information tools for foreign investors when wanting to invest in Vietnam.
Sir, the Foreign Investment Agency has just announced E-regulations phase III. What does this boundary mean?
Vietnam's E-regulations system has been implemented through 3 stages. Phase I, the system was built for Hanoi in 2007. In phase II, the system was built for two more large localities, Ho Chi Minh City and Da Nang, in 2009 and 2010. In phase III, the system expanded to 4 more provinces including Vinh Phuc, Hai Duong, Phu Yen and Binh Dinh (from 2013-2015).
Up to now, the E-regulations portal of the above 7 localities has been fully updated with the procedures and procedures for investment, from the time investors start coming to Vietnam to explore investment opportunities until completing the procedures to establish a business, project to invest. vào hoạt động. The system has met the conditions to be announced to potential investors and relevant agencies. The System will regularly update changes in legal documents to ensure the accuracy of investment processes and procedures on the System.
What will investors find in this system, sir?
If you enter this system, investors can know the entire process and procedures related to investment and business activities in each separate step. Investors will specifically visualize the process of conducting investment and business activities in Vietnam. For each process, there will be contact points of relevant units and organizations, required documents, time, cost and legal basis.
For example, if you want to learn about investment and business procedures in Hanoi, investors will go to the Hanoi E-regulations System to know what to prepare, which agency to go to to complete the procedures, how much time each procedure will take and the costs involved. If there are questions or concerns, investors can send them immediately on the system and will receive a response.
We had the opportunity to discuss with investors while working on this system. They all highly appreciated and affirmed that this is a very effective tool to support investors in the process of investing and doing business in Vietnam.
Procedures
