THE GOVERNMENT
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SOCIALIST REPUBLIC OF VIET NAM
Independence Freedom Happiness
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No. 27/2003/ND-CP
Hanoi, March 19th, 2003
 
DECREE
ON AMENDMENT OF AND ADDITION TO A NUMBER OF ARTICLES OF DECREE 24-2000-ND-CP DATED 31 JULY 2000 PROVIDING DETAILED REGULATIONS ON THE IMPLEMENTATION OF THE LAW ON FOREIGN INVESTMENT IN VIETNAM
THE GOVERNMENT
Pursuant to the Law on the Organization of the Government dated 25 December 2001;
Pursuant to the Law on Foreign Investment in Vietnam dated 12 November 1996 and the Law on Amendment of and Addition to a Number of Articles of the Law on Foreign Investment in Vietnam dated 9 June 2000;
Following the proposal of the Minister of Planning and Investment;
DECREES:
Article 1. To make the following amendments and additions to a number of articles of and Appendix 1 to Decree 24/2000/ND-CP dated 31 July 2000 Providing Detailed Regulations on the Implementation of the Law on Foreign Investment in Vietnam (hereinafter referred to as Decree 24/2000/ND-CP):
1. Article 1 shall be amended and added to as follows:

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"Article 1. Scope of application
This Decree makes detailed regulations on the implementation of the Law on Foreign Investment in Vietnam dated 12 November 1996 and the Law on Amendment of and Addition to a Number of Articles of the Law on Foreign Investment in Vietnam dated 9 June 2000 (hereinafter collectively referred to as the Law on Foreign Investment).
This Decree governs foreign direct investment activities in Vietnam comprising activities of transferring capital in cash or any other assets of foreign investors into Vietnam in order to carry out directly production or business activities aimed at earning profit in the forms provided for in the Law on Foreign Investment.
All foreign direct investment activities in Vietnam must comply with the provisions of the Law on Foreign Investment, this Decree and other legal instruments."
 

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