Chương 1 Nghị định 10/1998/NĐ-CP: Những quy định chung

Chapter I

GENERAL PROVISIONS

Article 1.-

1. The Government of Vietnam guarantees to implement a persistent and long-term policy on foreign direct investment in Vietnam; and, at the same time, to amend and supplement the foreign direct investment policy on the principle of creating more favorable conditions for investors.

2. The Government of Vietnam encourages and gives special preferences to investment projects which produce goods for export and use high technologies and to investment projects on the list of projects where investment is specially encouraged and the list of geographical areas where investment is encouraged, which are provided for in Appendix 1 attached to this Decree.

3. In cases where any new provisions of law adversely affect the interests of foreign-invested enterprises and parties to business cooperation contracts (hereafter referred to as enterprises) which have been already stipulated in the investment licenses, such provisions shall not apply to the already licensed investment projects.

If new and more preferential provisions are issued after the enterprises have been granted investment licenses, the investment license- granting agency shall make adjustments so that the enterprises can benefit therefrom in accordance with the provisions of this Decree.

Article 2.-

1. The ministries, the agencies attached to the Government, the People's Committees of the provinces and cities directly under the Central Government (hereafter referred to as provincial People's Committee) shall have to guide foreign investment activities in the fields and territories under their respective management; improve their managerial work, revise investment procedures so as to ensure simple and rapid investment procedures on the principle of "one door" and "one stop."

The heads of the concerned agencies shall have to supervise, inspect and take responsibility for the activities of the agencies and personnel under their management and promptly handle all violations in accordance with the provisions of law.

2. Before issuing legal documents relating to foreign direct investment activities, the ministries, the agencies attached to the Government and the provincial People's Committees should consult the Ministry of Planning and Investment; any diverse opinions should be promptly reported to the Prime Minister.

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