Some highlights of Decree No. 31/2021/ND-CP
Decree No. 31/2021/ND-CP regulates the following issues:
- Detailed regulations and instructions for implementing a number of articles of the Investment Law on business investment conditions; industries, occupations and market access conditions for foreign investors; ensuring business investment; investment incentives and support; Investment procedures; investment activities abroad; investment Promotion; State management of business investment activities in Vietnam and investment abroad.
- Investment activities abroad in the forms specified in Point d, Clause 1, Article 52 of the Investment Law; overseas investment activities in the oil and gas sector; Procedures for approving investment policies of the National Assembly and investment monitoring and evaluation are prescribed in separate Decrees of the Government.
This Decree applies to investors and competent state agencies; Organizations and individuals involved in business investment activities in Vietnam and investment activities abroad.
According to Decree 31, investors must deposit a deposit or have a guarantee from a credit institution or foreign bank branch established under Vietnamese law regarding deposit obligations to ensure the implementation of investment projects. are allocated land, leased land, and allowed to change land use purposes by the State. The investment project implementation guarantee level is calculated as a percentage of the investment project's investment capital as follows: The guarantee level is 3% for capital up to 300 billion VND; 2% for capital above 300-1000 billion VND; over 1,000 billion VND, the guarantee level is 1%...