According to the General Statistics Office, total foreign investment capital in Vietnam reached 14 billion USD at the end of May 20th, 2021, up 0.8 percent compared to the same time in the previous year. This includes newly registered capital, adjusted registered capital, and the amount of capital contribution and share purchased by foreign investors.
The Minister of Planning and Investment issued Decision No.701/QD-BKHDT announcing new and abolished administrative procedures in the field of investment in Vietnam under the management function of the Ministry of Planning and Investment.
Accordingtly, the list of administrative procedures to be abolished in the field of investment in Vietnam includes: 56 administrative procedures announced in Decision No. 1038/QD-BKHDT dated July 28, 2017 of the Minister of Planning and Investment with the following contents: Decision on investment policy of the People’s Committee of the province (for projects that are not subjected to the issuance of an Investment Registration Certificate); Decision on investment policy of the Prime Minister (for projects that are not subjected to issuance of Investment Registration Certificate); Decision on investment policy of the National Assembly (for projects that are not subjected to investment registration certificate)… and two administrative procedures announced in Decision No. 814/QD-BKHDT dated May 25, 2020 of the Minister of Planning and Investment, including: Orders and procedures for deciding investment policy investment in golf course projects under the authority of the Prime Minister (for projects that are subjected to the issuance of an Investment Registration Certificate); The orders and procedures for deciding on investment policies for a golf course project are under the authority of the Prime Minister (for projects that are not subjected to the issuance of an Investment Registration Certificate).
In addition, the Ministry of Planning and Investment promulgated new administrative procedures in the field of investment in Vietnam, including: 10 administrative procedures at central level (Procedure for approval of investment policy of the Prime Minister; Procedures for adjusting investment projects falling under the Prime Minister’s authority to approve investment policies; Procedures for extending the operation duration of investment projects falling under the Prime Minister’s authority to approve investment policies ;…) and 55 administrative procedures at the provincial level (22 administrative procedures implemented by the Department of Planning and Investment; 23 administrative procedures by the Management Board of industrial parks, export processing zones, high-tech zones, and parks. economic (Management Board).