Decision No. 03/2014/QD-TTg dated January 14, 2014 of the Prime Minister promulgating the regulation on State management for investment promotion activities

THE PRIME MINISTER

Decision No. 03/2014/QD-TTg dated January 14, 2014 of the Prime Minister promulgating the regulation on State management for investment promotion activities

Pursuant to the Law on Organization of Government dated December 25, 200;

Pursuant to the Law on investment dated November 29, 2005;

Pursuant to the Law on Overseas Representative Missions of the SocialistRepublic of Vietnam;

Pursuant to the Decree No. 108/2006/ND-CP detailing and guiding the implementation of a number of articles of the Investment Law;

At the proposal of the Minister of Planning and Investment;

The Prime Minister promulgates the regulation on State Management for investment promotion activities;

Article 1. To promulgate together with this Decision “The regulation on State Management for investment promotion activities”.

Article 2. This Decision takes effect on March 01, 2014.

Article 3. Ministers, Heads of ministerial-level agencies, Heads of government-attached agencies and presidents of provincial/municipal People's Committees shall implement this Decision./.

Prime Minister

Nguyen Tan Dung

REGULATION ON STATEMENT MANAGEMENT FOR INVESTMENT PROMOTION ACTIVITIES

(Promulgated together with the Prime Minister's Decision No.03/2014/QD-TTg dated January 14, 2014)

Chapter I

GENERAL PROVISIONS

Article 1. Scope of application

1. This Regulation provides for regulations on state management for investment promotion activities and coordination mechanism among ministries, ministerial-level agencies, government-attached agencies and provincial/municipal People's Committees (hereinafter referred to as ministries, provincial People’s Committees) and the management board of industrial zone, high tech zone, processing zone, economic zone and border gate economic zone (hereinafter referred to as “the Management Board) in investment promotion activities.

2. Domestic and overseas investment promotion activities include foreign direct investment promotion into Vietnam and direct investment promotion of Vietnam abroad.

Article 2. Subjects of application

Subjects of application include:

1. State Management Agencies include ministries, provincial People’s Committees and Management Board performing investment promotion activities.

2. Organizations, individuals assigned to perform investment promotion activities using state budget by state competent agencies.

3. Organizations, individuals performing investment promotion activities abroad but do not use state budget.

Article 3. Content of investment promotion activities

Investment promotion activities include the following contents:

1. Doing research, making judgment on potentials, market, trend, and investment partners;

2. Building up database to serve for investment promotion activities;

3. Building up the list of projects that need to attract investment;

4. Building up documents to serve for investment promotion activities;

5. Propaganda, spread and introducing about environment, policies, potentials, opportunities and investment connection;

6. Training, promoting the capacity on investment promotion;

7. Supporting organizations, enterprises, investors in getting to know the law, policies, investment procedures; potentials, market, partners and investment opportunities; implementing the project after being granted the investment certificate;

8. Performing international and domestic cooperation activities on investment promotion;

Article 4. Content of State management on investment promotion activities

1. Building up and organizing the implementation of investment promotion orientation in each period and annually;

2. Guiding the implementation of investment promotion program;

3. Coordinating the investment promotion activities;

4. Keeping track of, summarizing and making judgment on effectiveness of investment promotion activities;

5. Coordination among state management agencies, organizations, individuals in investment promotion activities;

Article 5. Principles of investment promotion activities

1. Overseas and domestic investment promotion activities must be built up and gathered into investment promotion program after reaching agreement with the Ministry of Planning and Investment.

2. Encouraging the investment promotion activities that are cross-sectional; reducing the implementation of single investment promotion activities to avoid the waste;

3. Feasibility about contents, modes, time, place, fund and implementation progress;

4. Paying attention to the investment promotion activity for projects granted the investment certificate through forms to support and handle with difficulties, promote the implementation of project effectively.

5. Encouraging the combination of investment promotion activity with commercial promotion activity, tourism promotion activity into foreign affairs program.

6. Encouraging the mobilization of social sources to perform the investment promotion activity;