The Ministry of Planning and Investment proposes to apply special investment procedures for high-tech projects, granting licenses within just 15 days.
The Ministry of Planning and Investment (MPI) is seeking opinions on amending and supplementing four laws related to investment, including the Law on Planning, the Law on Investment, the Law on Investment under the public-private partnership model, and the Law on Bidding.
In the Investment Law, the new issue raised in the draft is the proposal for high-tech investment projects to have special investment procedures with short procedures, and licensing within 15 days.
Projects proposed to apply special procedures include high-tech projects (research and development centers; semiconductors, chips, new technology batteries), investments in industrial parks, export processing zones, high-tech zones and functional areas in economic zones.
According to the drafting agency, attracting strategic investors in a number of fields has been applied in the pilot resolutions on specific mechanisms and policies in a number of localities. However, the above projects are still implemented according to normal investment procedures in accordance with the provisions of the law on investment, bidding, land, construction, environment, fire prevention and fighting, etc.
The Ministry of Planning and Investment also proposed that investment projects registered under special procedures do not have to carry out procedures to obtain licenses, approvals, consents, permits, confirmations and other requirements in the fields of construction, environmental protection, technology transfer, fire prevention and fighting.
Investors are responsible for fully implementing commitments in accordance with requirements on standards and technical regulations as prescribed by law on construction, environmental protection, technology transfer, fire prevention and fighting.
In addition, the Ministry of Planning and Investment also proposed two new policies related to investment, including promoting decentralization of investment approval authority to provincial People’s Committees; supplementing regulations on the establishment of investment support funds and amending regulations on project termination.
The Prime Minister’s delegation of investment approval authority to the provincial People’s Committee is proposed for projects on construction and business of infrastructure of industrial parks; investment projects on construction of new ports and port areas with investment capital of VND 2.300 billion or less belonging to special seaports.
Source: Tien Phong newspaper; vietnam.vn
