Business

New economic policy takes effect on April 1

A new circular issued by the Ministry of Planning and Investment takes effect on April 1 guiding the supervision and assessment of foreign investment in Vietnam.
New economic policy takes effect on April 1 ảnh 1Illustrative image. (Photo: VNA) 

Hanoi, (VNA) – A new circular issued by the Ministry ofPlanning and Investment takes effect on April 1 guiding the supervision and assessmentof foreign investment in Vietnam.

Regarding assessment of foreign investment, Circular 02/2022/TT-BKHDT regulatesthe contents subject to final assessment, including the pace of contribution ofcharter capital, legal capital and investment capital by foreign-invested economicorganizations to foreign-invested projects.

The mobilization of capital and the use of mobilized capital isalso subject to assessment as are the pace of project implementation incomparison with set schedule; the use of land and labour in the investmentprojects; the compliance to environmental protection regulations; and the performanceof financial obligations to the State.

The circular also requires evaluation of the realization of projects’targets and the benefits that they bring about.

The supervision and assessment of investment in the stock marketwill be carried out in line with legal regulations governing the securitiesindustry./.
VNA
#Circular 02/2022/TT-BKHDT #supervision and assessment of foreign investment #foreign-invested projects #Vietnam News Agency. Vietnamplus
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