Thenew system will allow foreign direct investment (FDI) enterprises togive information about their projects online, before they submitdocuments to apply for an investment certificate. They will also beasked to use the system to send online reports to the governmentmanagement agencies.
FDI management agencies in cities andprovinces are required to update data on registrations, grant,adjustment and withdrawal of investment certificates or of permits andlegal documents.
The system will provide a database of all FDIprojects being carried out in the country. People can search forinformation on an online portal of the MPI's Foreign Investment Agency(FIA).
The ministry said that it will be mandatory for governmentmanagement agencies and FDI enterprises in the country to use thesystem. It also petitioned the People's Committees in cities andprovinces that they should ask FDI project management agencies to guidetheir officers and FDI companies in using the national system.
Thesystem has been built and managed by the planning and investmentministry, following the Prime Minister's directive on Decision No 48that was issued on March 31, 2009. Its objectives are to standardise andcomputerise a national database on FDI enterprises and their projects,as well as Vietnam's investment projects abroad, and update informationon FDI-related activities in the country.-VNA