Investors may be asked to post completion bond
The Hanoitimes - The Ministry of Planning and Investment has submitted to the Government a draft decree on investment which, if adopted, would make significant changes to investment regulations.
The Hanoitimes - The Ministry of Planning and Investment has submitted to the Government a draft decree on investment which, if adopted, would make significant changes to investment regulations.
It would require the investor's legal representative to register with the investment licensing authority a guarantee that it will implement the project by the date stated in the Investment Certificate. The investor has to then post a bond in the form of a deposit in an escrow account or a bank guaranty. The draft decree would also provide details on the documentation and procedures needed to convert an Investment Certificate into an Enterprise Registration Certificate for a domestic-owned enterprise.
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