1. Cooperation mechanism for investment registration and enterprise registration
This content is detailed in the Circular No. 02/2017/TT-BKHDT on guiding the mechanism for cooperation in processing of applications for investment registration and enterprise registration submitted by foreign investors. To be specific:
- The investor that applies for investment registration and enterprise registration is entitled to decide whether to apply the cooperation mechanism stipulated in this Circular or follow the separate procedures under regulations of law.
- The investor shall prepare the application and be legally responsible for the legality, truthfulness and accuracy of the information declared in the application for investment registration and enterprise registration.
- When applying the cooperation mechanism, the investor shall only submit one copy of the following documents if it is required in both the application for investment registration and the application for enterprise registration:
+ The passport or personal identification papers with the same value as a passport if the investor is an individual;
+ The Decision on establishment or the Enterprise Registration Certificate or papers with the same value as these documents if the investor is an organization;
+ The document authorizing another entity to follow procedures for investment registration and/or enterprise registration.
The Circular No. 02/2017/TT-BKHDT shall come into force as of June 15, 2017.
2. Amendments to the List of high technologies given priority and the List of recommended hi-tech products
Decision No. 13/2017/QD-TTg on amendments to the List of high technologies given priority and List of recommended hi-tech products promulgated together with the Prime Minister’s Decision No. 66/2014/QD-TTg shall come into force as of June 15, 2017 and includes the following outstanding points:
The following high technologies are added to the List of high technologies given priority:
- Internet of Things (IoT);
- Virtual reality; Augmented reality;
- Smart television;
- 3D printing.
Sixteen products are added to the List of recommended hi-tech products:
- Embedded IoT solutions, modules, equipment, software;
- Virtualization and cloud computing software, equipment, solutions and services;
- Virtual reality and augmented reality software, equipment, solutions and services;
- Smart television software, equipment, solutions and services;
- Automatic software testing software, equipment, solutions and services; and others as prescribed in the Decision No.13/2017/QD-TTg.
3. Regulations on grant of land levy exemption to investors in economic zones
Decree No. 35/2017/ND-CP provides the regulations on grant of land levy exemption to investors in economic zones. To be specific:
- The investors who implement housing construction projects for workers according to the approved plan on land allocated by the State with collection of land levy in economic zones are entitled to exemption of land levy.
- The investor who has land allocated by the State shall carry out procedures for land levy exemption as follows:
+ The investor shall submit the application for land levy exemption as prescribed in Point b Clause 1 Article 7 of this Circular to the Economic Zone Authority within 10 days from the date on which the Decision on land allocation is granted.
+ Within 15 working days from the receipt of the valid application for land levy exemption, the Economic Zone Authority shall consider the application and promulgate a decision on grant of land levy exemption to the investor as regulated by law.
Decree No. 35/2017/ND-CP shall come into force as from June 20, 2017.
4. Reporting methods on public investment plan
This content is provided for in the Circular No. 03/2017/TT-BKHDT which provides regulations on reports on formulation, inspection and assessment of public investment plans and comes into force as from June 15, 2017.
According to regulations in the aforesaid Circular, reports on public investment plan may be submitted by adopting either of the following methods:
- Online report: When adopting this method, attaching files on the System shall replace for submission of written documents.
- Written report: Reports on programs or projects which must be kept confidential should adopt this reporting method.
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