The Foreign Investment Agency reported that Vietnam so far has had nearly 1,200 projects invested in 70 nations and territories with the total investment capital of US$21.4 billion as of January.
|Unitel is the telecom network of Vietnam Military Telecommunications Group in Laos|
The most invested country has been Laos with 270 projects worth $5.12 billion, followed by Cambodia with 191 projects worth $2.9 billion.
Vietnam’s foreign investment policy has some new points. For instance licensing of projects having the investment capital of less than VND800 billion and not belonging to conditional trading fields is not subject to the National Assembly and Prime Minister’s approval. Paper processing time is within 15 days.
For projects subject to the NA and Prime Minister’s approval, the Ministry of Planning and Investment will grant investment certificates within three days after receiving documents which have been more simple and clearer.
Moreover, the ministry has applied a national information system in overseas investment for businesses and investors to register their projects on the internet.