Adjustment of investment incentives and support.

In order to achieve the goal of developing the social economy in general, particularly in the fields of science, technology, and other sectors that require encouragement for growth, the government has established policies offering investment incentives and support for both domestic and foreign investors. The form and level of incentives and support are recorded in the Investment Registration Certificate for eligible entities. Therefore, when there are changes to investment incentives and support, investors need to follow the procedures and prepare the following documents:

• A document requesting the adjustment of the investment project.

• A report on the implementation status of the investment project up to the adjustment time.

• The investor's decision regarding the adjustment of the investment project (Decision and a valid copy of the meeting minutes of the Members’ Council/General Shareholders’ Meeting/General Members/Owners of the Economic Organization carrying out the investment project regarding the adjustment of the investment project, or any other legal document according to the law).

• A notarized copy of the most recent audited financial report close to the adjustment time.

• Information for the project proposal: Number of foreign employees, number of Vietnamese employees; investor’s phone number, email, company phone number in Vietnam, office area.

• A notarized passport and temporary residence confirmation (temporary residence card) of the legal representative.

• A copy of the Investment Registration Certificate/Investment Certificate/Investment License/Business License issued (for projects not subject to an investment policy decision).

• Or a copy of the Investment Policy Decision and the Investment Registration Certificate/Investment Certificate/Investment License/Business License issued (if any) (for investment projects subject to an investment policy decision).

• A copy of the Tax Registration Certificate (For companies that have not yet separated the Investment Registration Certificate and Business Registration Certificate).

• A power of attorney in case the investor does not submit the application directly.

After receiving the application, the investment registration authority (which issued the Investment Registration Certificate) will adjust the certificate for the investor. For projects that fall under the investment policy decision category, the procedure will be the same.

Note: If the company has not yet separated the Investment Registration Certificate from the Business Registration Certificate, when there is an adjustment regarding investment incentives and support for the investment project, the company must follow the procedure to obtain a new Investment Registration Certificate from the Investment Registration Agency. The documents, procedures, and process for issuing the Investment Registration Certificate must comply with the provisions of the 2020 Investment Law. The investor will be granted a new Investment Registration Certificate with the adjusted content, and the previous investment project content in the old Investment Registration Certificate will no longer be valid. Additionally, the company must carry out the procedure to separate the Business Registration Certificate from the previously issued Investment Registration Certificate (if the adjustment of incentives or support relates to changes in the business registration content or when the investor requests it). The Business Registration Certificate number will also serve as the company's tax identification number.

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