{"id":3320,"date":"2021-11-26T09:34:01","date_gmt":"2021-11-26T02:34:01","guid":{"rendered":"https:\/\/pl-partners.vn\/?p=3320"},"modified":"2023-10-17T15:51:48","modified_gmt":"2023-10-17T08:51:48","slug":"rights-and-obligations-when-directly-making-investment-in-vietnam","status":"publish","type":"post","link":"https:\/\/pl-partners.vn\/en\/rights-and-obligations-when-directly-making-investment-in-vietnam\/","title":{"rendered":"Rights and obligations when directly making investment in Vietnam"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">N\u1ed9i dung b\u00e0i vi\u1ebft<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/pl-partners.vn\/en\/rights-and-obligations-when-directly-making-investment-in-vietnam\/#Question\" title=\"Question: \u00a0\">Question: \u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/pl-partners.vn\/en\/rights-and-obligations-when-directly-making-investment-in-vietnam\/#Answer\" title=\"Answer:\">Answer:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/pl-partners.vn\/en\/rights-and-obligations-when-directly-making-investment-in-vietnam\/#A_FOREIGN_INVESTORS_RIGHTS\" title=\"A. FOREIGN INVESTOR\u2019S RIGHTS:\">A. FOREIGN INVESTOR\u2019S RIGHTS:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/pl-partners.vn\/en\/rights-and-obligations-when-directly-making-investment-in-vietnam\/#1_Right_to_choose_business_lines\" title=\"1. Right to choose business lines:\u00a0\">1. Right to choose business lines:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/pl-partners.vn\/en\/rights-and-obligations-when-directly-making-investment-in-vietnam\/#2_Right_to_self-determination_in_business_investment_activities\" title=\"2. Right to self-determination in business investment activities:\">2. Right to self-determination in business investment activities:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/pl-partners.vn\/en\/rights-and-obligations-when-directly-making-investment-in-vietnam\/#3_The_ownership_of_assets_capital_income_and_other_lawful_rights_and_interests_of_investors_are_recognized_and_protected_by_the_State\" title=\"3. The ownership of assets, capital, income, and other lawful rights and interests of investors are recognized and protected by the State:\">3. The ownership of assets, capital, income, and other lawful rights and interests of investors are recognized and protected by the State:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/pl-partners.vn\/en\/rights-and-obligations-when-directly-making-investment-in-vietnam\/#4_Right_to_equitable_treatment\" title=\"4. Right to equitable treatment:\">4. Right to equitable treatment:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/pl-partners.vn\/en\/rights-and-obligations-when-directly-making-investment-in-vietnam\/#5_Right_to_enjoy_incentives\" title=\"5. Right to enjoy incentives:\">5. Right to enjoy incentives:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/pl-partners.vn\/en\/rights-and-obligations-when-directly-making-investment-in-vietnam\/#6_The_right_to_be_granted_a_temporary_residence_card\" title=\"6. The right to be granted a temporary residence card:\">6. The right to be granted a temporary residence card:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/pl-partners.vn\/en\/rights-and-obligations-when-directly-making-investment-in-vietnam\/#B_INVESTORS_OBLIGATIONS\" title=\"B. INVESTOR\u2019S OBLIGATIONS:\">B. INVESTOR\u2019S OBLIGATIONS:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/pl-partners.vn\/en\/rights-and-obligations-when-directly-making-investment-in-vietnam\/#PL_AND_PARTNERS_LAW_FIRM\" title=\"PL AND PARTNERS LAW FIRM\">PL AND PARTNERS LAW FIRM<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Question\"><\/span><span style=\"color: #333333;\"><span style=\"color: #ed1c24;\"><strong>Question:<\/strong><\/span> \u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"color: #333333;\"><span style=\"color: #282828;\">Dear lawyer, some of my friends who are foreigners are planning to invest in Vietnam in the form of capital contribution and directly engage in the management of investment activities. I would like to know what rights and obligations they are going to have when making investments in Vietnam. Hope to receive the answer from the lawyer soon. Thank you<\/span>.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Answer\"><\/span><span style=\"color: #333333;\"><span style=\"color: #ed1c24;\"><strong>Answer:<\/strong><\/span> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"color: #333333;\"><span style=\"color: #282828;\">PL &amp; Partners would like to thank you for trusting and sending questions to us. For your question, we would like to reply as follows:<\/span><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_FOREIGN_INVESTORS_RIGHTS\"><\/span><span style=\"color: #003366;\"><strong>A. FOREIGN INVESTOR\u2019S RIGHTS:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_Right_to_choose_business_lines\"><\/span><span style=\"color: #ed1c24;\"><strong>1. Right to choose business lines:\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #282828;\">The investors are entitled to conduct investment and business activities in one or more business lines not prohibited by the Law on Investment.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #282828;\">Particularly for conditional business lines, it is necessary to meet the conditions for business investment as prescribed by law.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Right_to_self-determination_in_business_investment_activities\"><\/span><span style=\"color: #ed1c24;\"><strong>2. Right to self-determination in business investment activities:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"color: #282828;\">To decide and take self-responsibility for business investment activities in accordance with the Law on Investment and other relevant laws.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #282828;\">To access and make use of loan capital, assistance funds, land, and other resources as prescribed by law.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #282828;\">To contribute capital, purchase shares, buy capital contributions of economic organizations.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #282828;\">To transfer all or part of an investment project to other investors when all conditions are met.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #282828;\">During the implementation of an investment project, the investors are entitled to adjust the target, transfer part of the whole investment project, merge projects or divide or separate a project into many projects, make use of land use rights and assets on land belonging to investment projects to contribute capital to establish an enterprise, business cooperation or other contents that comply with the provisions of law.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #282828;\">To terminate investment activities and investment projects.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #282828;\">To establish\/terminate the operating office in Vietnam to perform BCC contract.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"3_The_ownership_of_assets_capital_income_and_other_lawful_rights_and_interests_of_investors_are_recognized_and_protected_by_the_State\"><\/span><span style=\"color: #ed1c24;\"><strong>3. The ownership of assets, capital, income, and other lawful rights and interests of investors are recognized and protected by the State:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #282828;\">As prescribed, investors&#8217; legal assets shall not be nationalized or confiscated by administrative measures.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #282828;\">Where an asset is bought or requisitioned by the State for reasons of national defense and security, national interests, state of emergency or natural disaster management, the investor shall be reimbursed or compensated in accordance with regulations of law.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #282828;\">To be entitled to transfer assets abroad after fulfilling all financial obligations to the State of Vietnam.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Right_to_equitable_treatment\"><\/span><span style=\"color: #ed1c24;\"><strong>4. Right to equitable treatment:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #282828;\">The State of Vietnam treats investors equitably, introduces policies to encourage and enable investors to carry out business investment activities and ensure sustainable development of economic sectors.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Right_to_enjoy_incentives\"><\/span><span style=\"color: #ed1c24;\"><strong>5. Right to enjoy incentives:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #282828;\">Enjoy investment incentives when investing in sectors encouraged by the Government.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_The_right_to_be_granted_a_temporary_residence_card\"><\/span><span style=\"color: #ed1c24;\"><strong>6. The right to be granted a temporary residence card:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #282828;\">To be granted a temporary residence card with a term of three years to ten years depending on the amount of money invested in Vietnam. With this temporary residence card, investors can live, work and travel in Vietnam without having to apply for a visa.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-3321\" src=\"https:\/\/pl-partners.vn\/wp-content\/uploads\/2021\/11\/rights-and-obligations-when-directly-making-investment-in-vietnam.jpg\" alt=\"\" width=\"1000\" height=\"700\" srcset=\"https:\/\/pl-partners.vn\/wp-content\/uploads\/2021\/11\/rights-and-obligations-when-directly-making-investment-in-vietnam.jpg 1000w, https:\/\/pl-partners.vn\/wp-content\/uploads\/2021\/11\/rights-and-obligations-when-directly-making-investment-in-vietnam-269x188.jpg 269w, https:\/\/pl-partners.vn\/wp-content\/uploads\/2021\/11\/rights-and-obligations-when-directly-making-investment-in-vietnam-768x538.jpg 768w, https:\/\/pl-partners.vn\/wp-content\/uploads\/2021\/11\/rights-and-obligations-when-directly-making-investment-in-vietnam-43x30.jpg 43w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"B_INVESTORS_OBLIGATIONS\"><\/span><span style=\"color: #003366;\"><strong>B. INVESTOR\u2019S OBLIGATIONS:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #282828;\">To comply with Vietnamese laws during business investment process.<\/span><\/li>\n<li><span style=\"color: #282828;\">To fully satisfy the conditions for conditional business lines during the investment process.<\/span><\/li>\n<li><span style=\"color: #282828;\">To ensure financial capacity and contribute investment capital according to the registered project schedule.<\/span><\/li>\n<li><span style=\"color: #282828;\">To carry out investment activities in accordance with investment information registered and investment registration certificate.<\/span><\/li>\n<li><span style=\"color: #282828;\">To pay a deposit or have a bank guarantee from a credit institution or foreign bank branch established under Vietnamese law for assurance of investment project execution if the project uses land allocated or leased out or transferred by the State.<\/span><\/li>\n<li><span style=\"color: #282828;\">To open a direct investment capital account at an authorized bank to conduct lawful revenue and expenditure transactions related to direct investment activities in Vietnam.<\/span><\/li>\n<li><span style=\"color: #282828;\">To fully declare and pay taxes and other financial obligations.<\/span><\/li>\n<li><span style=\"color: #282828;\">To report on investment projects in accordance with the law.<\/span><\/li>\n<li><span style=\"color: #282828;\">To perform other obligations as prescribed by relevant laws.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"color: #282828;\"><strong>In conclusion<\/strong>, when conducting a direct investment activity in Vietnam, your friends shall exercise rights and perform basic obligations as mentioned above. In addition, depending on the form of investment, the specific business lines, the investor shall be required to have additional rights and obligations as prescribed by law.<\/span><\/p>\n<hr \/>\n<h3><span class=\"ez-toc-section\" id=\"PL_AND_PARTNERS_LAW_FIRM\"><\/span><span style=\"color: #ed1c24;\"><strong>PL <\/strong><strong>AND<\/strong> <strong>PARTNERS<\/strong><strong> LAW FIRM<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #282828;\"><span style=\"color: #000000;\"><em><strong>Head<\/strong><strong>quarters<\/strong><strong>:<\/strong><\/em><\/span> <span style=\"color: #000000;\">46<sup>th<\/sup> Floor, Bitexco Financial Tower, No. 2 Hai Trieu, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam<\/span><\/span><\/p>\n<p><span style=\"color: #282828;\"><em><span style=\"color: #000000;\"><strong>O<\/strong><strong>ffice:<\/strong><\/span><\/em> <span style=\"color: #000000;\">Lot 1.16 Viva Riverside, 1472 Vo Van Kiet, Ward 3, District 6, HCMC<\/span><\/span><\/p>\n<p><span style=\"color: #282828;\"><em><span style=\"color: #000000;\"><strong>Hotline:<\/strong><\/span><\/em> <span style=\"color: #000000;\">093.1111.060<\/span><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong><em>Email:\u00a0<\/em><\/strong><a style=\"color: #000000;\" href=\"http:\/\/info@pl-partners.vn\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">info@pl-partners.vn<\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong><em>Facebook:<\/em><\/strong>\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.facebook.com\/PLLaw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">www.facebook.com\/PLLaw<\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong><em>Website:\u00a0<\/em><\/strong><a style=\"color: #000000;\" href=\"https:\/\/pl-partners.vn\/\"><em>www.PL-PARTNERS.vn<\/em><\/a><em> \u2013 <\/em><a style=\"color: #000000;\" href=\"http:\/\/www.hoidapluat.net\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><em>www.HOIDAPLUAT.net<\/em><\/a><em> \u2013 <\/em><a style=\"color: #000000;\" href=\"http:\/\/www.thutucphaply.org\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><em>www.THUTUCPHAPLY.org<\/em><\/a><\/span><\/p>\n<hr \/>\n<table style=\"width: 100%; border-collapse: collapse; background-color: #e3f1fa;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\">\n<ul>\n<li style=\"text-align: justify;\"><span style=\"color: #0000ff; font-size: 16px;\">The above-mentioned consulting opinions are based on the provisions of the law and information provided by the client. Any legal opinions expressed (unless cited) are our own and for reference only.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #0000ff; font-size: 16px;\">At the time you read this article, the laws we refer to may have expired, or have been amended or supplemented. Therefore, we do not guarantee that the above information can be applied to all cases, to all subjects, at all times.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #0000ff; font-size: 16px;\">For accurate and specific consultancy, please contact PL&amp;Partners lawyer via call center\u00a0<strong>093.1111.060<\/strong>\u00a0or email:\u00a0<strong>info@pl-partners.vn<\/strong><\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Question: \u00a0 Dear lawyer, some of my friends who are foreigners are planning to invest in Vietnam in the form of capital contribution and directly engage in the management of investment activities. I would like to know what rights and obligations they are going to have when making investments in Vietnam. Hope to receive the [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":3321,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[168],"tags":[],"class_list":["post-3320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-focus-tdl"],"_links":{"self":[{"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/posts\/3320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/comments?post=3320"}],"version-history":[{"count":0,"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/posts\/3320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/media\/3321"}],"wp:attachment":[{"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/media?parent=3320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/categories?post=3320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/tags?post=3320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}