Chương 7 : Tổ chức kinh doanh

Chapter VII

BUSINESS ORGANIZATION

Article 62

Contracting parties and enterprises with foreign owned capital are fully entitled to determine their own business programs and plans.

Article 63

1. One or more import applications may be submitted for the import of equipment, machinery, transport vehicles or raw and other materials into Vietnam for the construction of the enterprise.

2. The procedure for the import of equipment, machinery, spare parts, transport vehicles, raw and other materials, and fuel, into Vietnam, which items amongst others, are required for business purposes may be carried out once each year based on the proposals of the contracting parties and of the enterprise with foreign owned capital.

3. Where necessary, additions to, or adjustments of the list of imports may be approved.

4. The contracting parties and enterprises with foreign owned capital shall give priority to the procurement, in Vietnam, of equipment and materials as substitution for imports, provided comparable commercial conditions are available.

5. The Ministry of Commerce shall issue import licenses on the basis of the investment or business license issued by the State Committee for Co-operation and Investment, and in accordance with the provisions contained in paragraphs 1, 2, 3 and 4 of t his article.

Article 64

The contracting parties and enterprises with foreign owned capital shall have the right to export directly their own products, or they may export through their agents.

In relation to the products which are permitted to be sold in the Vietnamese market, the contracting parties and enterprises with foreign owned capital may conduct sales directly, or through their agents.

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