Illustrative image (Photo: VNA) Accordingly, Circular 02/2022/TT-BKHDT is applicable to state management agenciesrelated to foreign investment activities, including ministries,ministerial-level agencies, provincial-level People's Committees, investmentregistration agencies, agencies tasked with state management of investment inaccordance with legal regulations on investment, foreign-invested economicorganisations and projects operating in Vietnam.
The circular stipulates the principles for foreign investment management, one of which is not to hinder or affect the normal operations of foreign-invested organisations and projects during the process of supervision and evaluation.
The Ministry of Planning and Investment (MoPI) is authorised to supervise and evaluate the enforcement of state management of foreign investment; conduct overall supervision andassessment of foreign-invested projects; and inspect foreign-invested projects that are approved by the Prime Minister and the National Assembly,large-scale projects with great influence on socio-economic development, andother projects under the direction of the Government or the Prime Minister.
According to the MoPI, ministries and ministerial-level agencies in charge ofspecialised management are responsible for sending reports on the supervisionand assessment to the MoPI every year before March1 in the year following the reporting year.
Meanwhile, the People's Committees of provinces andcentrally-run cities are tasked with carrying out the overall supervision andassessment for foreign investment activities within their management.
The circular will take effect on April 1 this year, replacing Circular 09/2016/TT-BKHDT dated June 30, 2016./.
VNA
