ANNOUNCEMENT FOR INVESTMENT LICENSE RE-REGISTRATION, CONVERSION, AND CONVERSION REGISTRATION TIMELINE OF FOREIGN-INVESTED ENTERPRISES

Pursuant to the Ministry of Planning and Investment (MPI)’s guidelines regarding investment licence re-registration, conversion, and conversion registration timeline of foreign-invested enterprises (FDI) and/or Business Cooperation Contract (BCC) according to the Enterprise Law and Investment Law 2005; and MPI’s guidelines regarding conducting Government Resolution No. 06/2008/NQ-CP dated March 3rd, 2008 for the purpose of resolving resolve obstacles to enhance the implementation process of FDI projects in Vietnam, Ho Chi Minh City - Department of Planning and Investment (HCMC – DPI) hereby announces as follows:

1. The deadline for re-registration is due on July 1st, 2008, as stipulated in Item a, Provision 2, Article 170 of the Enterprise Law.

2. The rights and obligations of re-registered foreign invested enterprises are stipulated in Article 9 of Decree No. 101/2006/NĐ-CP dated September 21th, 2006, issued by the Government, regarding the investment licence re-registration, conversion and conversion registration of foreign-invested enterprises in accordance to the Enterprise Law and Investment Law.

3. As stipulated in Item b, Provision 2, Article 170 of the Enterprise Law, failure to re-register means an enterprise is to comply with the business scope and duration of operation certified in its investment license and continues to be eligible for investment incentives as stipulated by the Government.

4. The procedures and dossiers required for re-registration are stipulated in Article 7, Decree No. 101/2006/NĐ-CP dated September 21th, 2006 issued by the Government.

5. To support and resolve difficulties encountered by FDI enterprises in their operation, DPI proposes that FDI enterprises and/or BCC submit a form including information on the progress of investment projects and feedback for the purpose of statistics and administrative reforms in Ho Chi Minh City.

Please access the Information form, fill in the relevant information and submit it to HCMC – DPI, Division of Foreign-Invested Enterprises, at 32 Le Thanh Ton St., Ben Nghe Ward, Dist. 1, HCMC. Soft-copies of “Information Form on Progress of Investment Projects by [name of company]” are required to email to ipdpi@hcm.vnn.vn for reference. The deadline for submitting this form to HCMC – DPI is prior to June 30th, 2008.

For more information on the procedures and dossiers for investment licence re-registration, conversion, and conversion registration, please contact HCMC – DPI, Division of Cooperation and Investment Promotion, via phone number: (08) 8227495 – (08) 8272192.