Hai Duong has new instructions on the process of receiving, appraising and approving investment policies.

The guidance is based on the provisions of the Investment Law 2020, including: The process of appraisal and approval of investment policies for projects that must select investors through land use rights auctions and investor selection bidding. The process of appraisal and approval of investment policies while simultaneously approving investors without going through land use rights auctions and investor selection bidding. The process for projects in which investors convert their business type from business households to enterprises. The process of appraisal and issuance of investment registration certificates for projects located in industrial clusters with investors building technical infrastructure.

The guidance is also for cases where investors propose projects based on the transfer, capital contribution, or lease of agricultural land use rights to implement non-agricultural production and business investment projects that are not subject to land recovery by the State in accordance with the provisions of the law on land.

In general, the process of appraisal, approval of investment policy, and approval of investors for the above types of projects includes 5 steps. Step 1: The Department of Planning and Investment issues a written request for appraisal opinions after receiving the proposal documents of the investor and the agency preparing the project proposal (2 working days). Step 2: Departments, branches, localities,
Relevant units are responsible for providing written comments and sending them to the Department of Planning and Investment (from 10 to 15 days depending on the type).
nature of each project). Step 3: The Department of Planning and Investment synthesizes the opinions of relevant departments, branches and localities and sends them to the investor and the agency preparing the project proposal for completion. The investor is responsible for editing and supplementing the project dossier and sending it to the Department of Planning and Investment (3 days). Step 4: The Department of Planning and Investment prepares an appraisal report and submits it to the Provincial People's Committee for approval of the project investment policy (5 days). Step 5: The Provincial People's Committee issues a Decision approving the investment policy (7 working days).

The guidance also includes: project termination conditions and steps to take.

See detailsInvestment procedure guide.