Specifically, Point b, Clause 1, Article 6 of this Decree clearly states:

“The receiving authority shall assess the validity of the application and must not require the investor to submit any documents together with the application other than those specified in the Law on Investment and this Decree”.

In addition, the investor is responsible before the law for the suitability, accuracy, and truthfulness of the content of the dossier and documents sent to competent state agencies.

If there is a request to amend or supplement the dossier, the dossier-receiving agency shall notify the investor once in writing of all the content that needs to be amended or supplemented for each set of dossiers. In particular, the notice must clearly state the basis, content and deadline for amending and supplementing the dossier.

During the time stated in the written notice of the dossier-receiving agency, the investor must be responsible for making timely amendments and supplements. If the investor does not make additions or modifications within the notified time limit, the application may be considered to stop processing.

Not only that, when requesting an investor to explain the content in the dossier, it must be notified in writing and clearly state the time limit for the explanation. If the investor does not explain, consider notifying the investor in writing to stop processing the application.

This Decree is issued and takes effect from March 26, 2021.