• Decree No. 06/ND-CP, 6 March/2000 of the Government on Investment Co-operation With Foreign Entities in the Fields of Medical Examination and Treatment of Diseases, Education and Training, and Scientific Research
• Decree No. 07/NQ-CP, 5 June 2000 of the Government On the Building and Development of the Software Industry
During the Period 2000 – 2005
• Decree No. 10/ND-CP, 23 January 1998 of The Government on A Number Of Encouragement and Guarantee Measures for Foreign Direct Investment Activities in Vietnam.
• Decree No. 12/CP, 18 February 1997 of the Government on Setting Forth Detailed Regulations for Implementing The Law on Foreign Investment in Vietnam
• Decree No. 24/ND-CP, 31 July 2000 of the Government on Regulating in detail the implementation of the Law on Foreign Investment ("FIL") in Vietnam
• Decree No. 36/CP, 24 April 1997 of the Government on Industrial Zones, Export Processing Zones and High-Tech Zones
 
• Decree No. 02/ND-CP, 15 August 2000 of the Government on Investment in The Basis of Build-Operate-Transfer Contracts, Build-Transfer Contracts Applicable to Foreign Investment in Vietnam
• Circular No. 02/TT-NH7, 18 February 1997 of the Government on regulating details in implementing the Law on foreign investment in VN, the state bank of Vietnam issues the guideline in foreign exchange control of foreign invested enterprises and foreign parties of business cooperation contracts.
• Decree No. 62/ND-CP, 15 August 2000 of the Government on Promulgating The Regulations on Investment in The Basis of Build-Operate-Transfer Contracts, Build-Transfer-Operate Contracts and Build-Transfer Contracts Applicable to
Foreign Investment in Vietnam.
• Decision No.21/2001/QD-UB:
DECISION OF THE  CHAIRMAN OF THE CITY PEOPLE'S COMMITTEE
Regarding a number of preferential policies and measures for encouraging investments in Quang Trung Software Park
• Decree No.45/2000/ND-CP: DECREE OF THE GOVERNMENT Setting Forth Regulations on Representative Offices and Branches in Vietnam of Foreign Merchants and Foreign Tourism Enterprises

DECREE NO 24

CHAPTER I GENERAL PROVISIONS
CHAPTER II FORMS OF INVESTMENT
CHAPTER III DEVELOPMENT OF PROJECT AND ORGANISATION OF BUSINESS
CHAPTER IV TAX AND FINANCIAL ISSUES
CHAPTER V ACCOUNTING SYSTEM, STATISTICS AND INSURANCE
CHAPTER VI FOREIGN EXCHANGE CONTROL
CHAPTER VII EXPORTS / IMPORTS, TECHNOLOGY TRANSFER, ENVIRONMENTAL PROTECTION
CHAPTER VIII LABOUR RELATIONS
CHAPTER IX LAND USE, CONSTRUCTION, TENDERING, ACCEPTANCE OF PROJECTS, FINALISATION OF THE VALUE OF INVESTED CAPITAL
CHAPTER X PROCEDURES FOR ISSURANCE OF INVESTMENT LICENCES
CHAPTER XI STATE MANAGEMENT OF FOREIGN INVESTMENT
CHAPTER XII INVESTMENT GUARANTEES AND SETTLEMENT OF DISPUTES
CHAPTER XIII DEALING WITH BREACHES AND REWARD
CHAPTER XIV IMPLEMENTATION PROVISION
APPENDIX 1 APPENDIX 1
APPENDIX 2 APPENDIX 2

No. 24/2000/ND-CP

THE GOVERNMENT SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
--------- * ---------

Hanoi, 31 July 2000

DECREE OF THE GOVERNMENT
Regulating in detail the implementation of the Law on Foreign Investment ("FIL") in Vietnam

 

APPENDIX 1

>> I. LIST OF PROJECTS WHERE INVESTMENTS ARE SPECIALLY ENCOURAGED

  • Projects for production, processing and export of 80% or more of products
  • Projects for processing of agricultural, forestry products (except wood) and aquatic products for export of more than 50% of products from domestic material sources
  • Projects for production of new breeds of high quality and high economic efficiency
  • Projects for culture of agricultural, forestry and aquatic products
  • Projects for production of new or rare and precious materials, projects for application of new biological technology, new technology for manufacturing communication and telecommunication equipment
  • High-tech industrial enterprises
  • Projects for research and development
  • Production of waste treatment equipment
  • Projects for manufacturing antibiotic materials
  • Project for treatment of environmental pollution and protection, and treatment of waste
  • Investment projects under BOT, BTO, BT contracts
TOP
 

>> II. LIST OF PROJECTS WHERE INVESTMENT IS ENCOURAGED

  • Projects for production, processing and export of 50% or more of products
  • Projects for production, processing and export of more than 30% of products using a large quantity of domestic materials (having value of 30% or more of production expenses)
  • Projects employing a high number of labourers and effectively utilising natural resources available in Vietnam
  • Processing of agricultural, forestry products (except wood) and aquatic products
  • Preservation of food, preservation of post-harvest agricultural products
  • Exploration, exploitation and intensive processing of minerals
  • Development of petrochemical industry, construction and operation of oil and gas pipelines, oil storage, oil port
  • Production of equipment and component’s pack for exploitation of oil and gas, energy and mines; manufacture of large-size lifting equipment
  • Production of high quality steel, alloy, non-ferrous metal, special metal, billet and sponge iron for industries
  • Manufacture of machine tools for metal machining and equipment to be used in metallurgy
  • Manufacture of precision mechanical equipment, safety test equipment, manufacture of moulds for metal and non-metal products
  • Manufacture of electrical middle and high-voltage device
  • Manufacture of diesel engines with advanced technique and technology, manufacture of machinery and spare parts for dynamics and hydraulics and compressing machine
  • Manufacture of spare parts for automobile and motorbike, manufacture and assembly of equipment, vehicle and machinery for construction, manufacture of technical equipment for transportation sector
  • Building of ships, and manufacture of equipment and spare parts for cargo ships and fishing boats
  • Manufacture of communication and telecommunication devices
  • Production of agricultural machines, spare parts, equipment, irrigation equipment
  • Production of materials for insecticides
  • Production of basic chemicals, pure chemicals, dyer and specialised chemicals
  • Production of materials for detergents and additives used in chemical industry
  • Production of special cement, composite materials, sound insulating materials, electrical insulating materials, heat insulating materials, wood-substitute synthetic materials, refractory materials, plastic materials used for construction, crystal fiber
  • Production of light construction materials
  • Production of powder of papers
  • Production of silk, fiber of various kinds, special fabric used in industries
  • Production of high quality materials for production of foot-ware and garment for export
  • Production of high quality packages for exports
  • Production of medical equipment used in analytical technology and extractive technology in medicine
  • Production of materials for medicines, production of medicines meeting the GMP international standards
  • Projects for reformation and development of energy sources
  • Public transportation
  • Building and reformation of bridges, roads, airports, railway stations, parking places, railway networks
  • Building of water plants, water supply and drainage system
  • Building and operating infrastructure of industrial parks, export processing zones and high tech zones
TOP
 

>> III. LIST OF AREAS WHERE INVESTMENT IN ENCOURAGED

 

Province/ City

Section A
Areas with specially difficult socio-economic conditions

Section B
Areas with difficult scio-economic conditions

1

Ha Giang

All districts and townships

 

2

Cao Bang

All districts and townships

 

3

Lai Chau

All districts and townships

 

4

Lao Cai

All districts and townships

 

5

Son La

All districts and townships

 

6

Bac Kan

All districts and townships

 

7

Tuyen Quang

All districts and townships

 

8

Lang Son

All districts and townships

 

9

Yen Bai

All districts and townships

 

10

Thai Nguyen

All districts and townships and Thai Nguyen city

 

11

Bac Giang

All districts and townships

 

12

Vinh Phuc

Districts: Lap Thach, Tam Duong, Binh Xuyen

Excluding districts mentioned in Section A

13

Phu Tho

All districts and townships and Viet Tri city

 

14

Hoa Binh

All districts and townships

 

15

Bac Ninh

 

Districts: Que Vo, Yen Phong, Gia Binh, Luong Tai, Thuan Thanh

16

Ha Noi

 

Soc Son district

17

Ha Tay

 

Districts: Ba Vi, My Duc, Phuc Tho, Quoc Oai, Thach That, Ung Hoa

18

Quang Ninh

Districts: Ba Che, Binh Lieu, Quang Ha, Hoanh Bo, Tien Yen, Dong Trieu and Mong Cai township

Yen Hung district and Cam Pha, Uong Bi townships

19

Hai Phong

 

Districts: Vinh Bao, Tien Lang

20

Hai Duong

Chi Linh district

Other districts not included in Section A

21

Hung Yen

 

All districts and townships

22

Thai Binh

 

All districts and townships

23

Ha Nam

 

All districts and townships

24

Nam Dinh

 

All districts and townships and Nam Dinh City

25

Ninh Binh

Districts: Nho Quan, Yen Mo, Gia Vien

Tam Diep township and districts not included in Section A

26

Thanh Hoa

Districts: Lang Chanh, Thuong Xuan, Quan Hoa, Ba Thuoc, Ngoc Lac, Nhu Xuan, Cam Thuy, Thach Thanh, Quan Son, Muong Lat

Other districts not included in Section A

27

Nghe An

Districts: Ky Son, Tuong Duong, Con Cuong, Quy Chau, Que Phong, Quy Hop, Nghia Dan, Anh Son, Tan Ky, Thanh Chuong, Do Luong

Cua Lo Township and other districts not included in Section A

28

Ha Tinh

All districts

Ha Tinh City

29

Quang Binh

All districts

Dong Hoi Township

30

Quang Tri

Quang Tri Township and districts

Dong Ha Township

31

Thua Thien Hue

All districts

Hue City

32

Da Nang

 

Districts: Hoa Vang, Thanh Khe, Ngu Hanh Son, Lien Chieu

33

Quang Nam

All districts and Hoi An Township

Tam Ky Township

34

Quang Ngai

All districts

Quang Ngai Township

35

Binh Dinh

All districts

Quy Nhon City

36

Phu Yen

All districts

Tuy Hoa Township

37

Khanh Hoa

Districts: Khanh Son, Khanh Vinh

Other districts not included in Section A

38

Binh Thuan

All districts

Phan Thiet Township

39

Ninh Thuan

All districts

Phan Rang Township

40

Kon Tum

All districts and townships

 

41

Gia Lai

All districts and townships

 

42

Dak Lak

All districts and Buon Ma Thout City

 

43

Lam Dong

All districts and townships and Da Lat City

 

44

Dong Nai

Districts: Dinh Quan, Tan Phu, Xuan Loc

 

45

Binh Phuoc

All districts and townships

 

46

Binh Duong

 

Districts: Ben Cat, Phu Giao, Tan Uyen, Dau Tien

47

Tay Ninh

 

All districts

48

Ho Chi Minh City

 

Districts: Can Gio, Cu Chi

49

Ba Ria – Vung Tau

 

Districts: Long Dat, Xuyen Moc

50

Long An

All districts

Tan An Township

51

Dong Thap

All districts and townships

 

52

Tien Giang

All districts and townships

My Tho City

53

Ben Tre

All districts and townships

 

54

Vinh Long

All districts and townships

 

55

Tra Vinh

All districts and townships

 

56

An Giang

All districts and Long Xuyen City

 

57

Can Tho

All districts and townships

Can Tho City

58

Soc Trang

All districts and townships

 

59

Bac Lieu

All districts and townships

 

60

Ca Mau

All districts and townships

 

61

Kien Giang

All districts and townships

 

 

>> IV. LIST OF SECTORS IN WHICH LICENSING OF INVESTMENT IS CONDITIONAL
  1. Investment in the form of a joint venture enterprise or a business co-operation contract
    € Construction and operation of international telecommunication networks and local telecommunication networks (under a business co-operation contract only)
    € Exploitation and processing of oil and gas, and precious and rare minerals
    € Consulting services (except for technical consulting)
    € Air, railway and sea transportation, public passenger transportation, construction of sea-ports and air-ports (except for BOT, BTO and BT projects)
    € Production of industrial explosive
    € Afforestation
    € Travel tourism
    € Culture
  2. Investment projects which are required to export at a certain percentage of products
  3. The compulsory ratio of products in respect of which the requirements are satisfied by domestic production in terms of quantity and quality shall be published by the Ministry of Planning and Investment from time to time

  4. Investment projects which must be coupled with development of raw material sources
    € Production and processing of dairy
    € Production of vegetable oil and cane sugar
    € Processing of wood
  5. Projects invested in import services, domestic distribution services shall be complied with Regulations of the Prime Minister
TOP
 

>> V. LIST OF SECTORS IN WHICH INVESTMENT WILL NOT BE LICENCED

  1. Projects which are prejudicial to the national security, national defense and public interests
  2. Projects which are detrimental to the historical and cultural relics, fine customs and tradition of Vietnam
  3. Projects which are prejudicial to the ecological environment, projects for treatment of toxic waste imported from foreign countries to Vietnam
  4. Projects for production of toxic chemicals or utilisation of toxic agents which are prohibited in accordance which an international treaty.
TOP


APPENDIX II

>> I. LIST OF MACHINERY, EQUIPMENT AND MEANS OF TRANSPORT WHICH FORM PART OF FIXED ASSETS OF FIEFOREIGN INVESTED ENTERPRISES AND PARTIES TO BUSINESS CO-OPERATION CONTRACTS BEING EXEMPTED FROM IMPORTED DUTIES
  1. Main machinery and equipment which form part of the technological process shall include the following:
  2. Machinery, equipment for production, materials, components attached parts for installation of equipment system, moulds accompanied with equipment and machinery, production tools and so forth to complete activities for manufacture of the products stated in the ILs.

  3. Supporting machinery and equipment which form part of the technological process shall include the following:
    1. Power system: all equipment, machinery and materials for installation of the complete system of power supply
    2. System of water supply and drainage: all equipment, machinery, materials, pipelines and so forth for installation of the complete system of water supply and drainage and treatment of waste water.
    3. Lighting system: all equipment, machinery and materials for installation of the complete lighting system
    4. Air-conditioning and ventilation system for production areas
    5. Equipment and instruments for the laboratory
    6. Equipment and instruments for fire fighting and prevention, anti-lightning equipment and labour safety tools
    7. Communication system
    8. Machinery and equipment necessary for design of products or management of production
  4. Specialised means of transport which form part of the technological process shall include the following:
    1. Specialised means of transport for production operation provided for in the IL
    2. Means of transport for transportation of raw materials and products in the technological process.
TOP

 

>> II. LIST OF GROUPS OF FURNITURE AND EQUIPMENT IMPORTED BY ENTERPRISED ENGAGED IN SUCH BUSINESS AREAS AS HOTELS, OFFICES – APARTMENTS FOR LEASE, HOUSES FOR RENT, COMMERCIAL CENTERS, TECHNICAL SERVICES, SUPERMARKETS, GOLF COURSES, TOURIST AREAS, SPORT CENTERS, ENTERTAINMENT CENTERS, MEDICAL EXAMINATION AND TREATMENT FACILITIES, TRAINING, CULTURE, FINANCE, BANKING, INSURANCE, AUDITING AND CONSULTANCY SERVICES, WHICH ARE ENTITLED TO EXEMPTION FROM IMPORT DUTIES.
  1. List of group of furniture and equipment which are entitled to import duty exemption in accordance with common provisions
    1. Equipment for water supply of various types (water pumps, filters, water meters, steam boilers and so forth)
    2. Air-conditioning and ventilating systems (central or local air-conditioners and materials and complete accessories and so forth)
    3. Fire prevention and fighting system
    4. Electrical and fighting systems (various types of lamps and lights and so forth)
    5. Waste and liquid waste treatment systems
    6. Communication systems
    7. Transportation systems (elevators, electrical transport vehicles and various types of trolleys)
    8. Laundering systems
    9. Security systems
    10. Furniture and equipment used in sport-rooms, swimming pools, tennis courts, hairdressing salons, dancing halls, karaoke parlours, entertainment centers and therapeutic rehabilitation centers (except for equipment mentioned in Part B of this Section, if any)
    11. Lawn machinery and equipment (lawn cutters, insecticide sprayers and so forth)
    12. Water sprinkler, irrigation and drainage systems
    13. Medical machinery, equipment and instruments and laboratory instrument
    14. Teaching and education facilities (including tables, chairs, board, teaching aids, experimental tools and so forth)
    15.Spare parts and accessories attached to the above machinery and equipment
    16. Specialised machinery and equipment of banks, financial institution (including safe, assorted personal computers, note counting machines, counterfeit note checking machines, communication systems, security equipment and cash rollers)
    17. Office furniture and equipment (computers, printers, facsimile machines, telexes, photocopiers, desks, chairs, filing cabinets and so forth)
  2. List of groups of furniture and equipment which are entitled to once-off exemption from import duties
    1. Furniture and equipment used in hotel rooms and for interior decoration (beds, wardrobes, tables, chairs, telephones)
    2. Sanitary ware (bathtubs, toilet bowls, washbasins, mirrors , materials for installation of sanitary system and so forth)
    3. Reception room furniture (tables, chairs)
    4. Furniture and equipment used in kitchens, dining rooms, restaurants, bars (various kind of cookers and kitchen wares)
    5. Pictures, statues, carpets and other decorative objects
    6. Freezers, televisions, microwave ovens, smoke ventilators, deodorizers, glasses, plates, cups, bowls
    7. Audio-visual equipment
    8. Golf articles
 
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