ANNOUNCEMENT 22 Apr 2013

On 22 April 2013, the Vietnamese Ministry of Industry and Trade issued circular No. 08/2013/TT-BCT. The circular affects the operations of foregin invested enterprises (FIEs) along the following dimensions. This Circular replaces earlier Circulars No. 09/2007/TT-BTM and No. 05/2008/TT-BCT dated 17 July 2007 and 14 April 2008. The Circular is effective from 7 June 2013.

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 07 Jun 2013 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

Vietnam-based FIEs that have export rights are allowed to purchase goods in Vietnam to sell abroad. FIEs with import rights are now allowed to sell their imported goods to FIEs with export rights. Export Processing enterprises are now allowed to apply for import rights, export rights and/or distribution rights.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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Inception date: 07 Jun 2013 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

If a foreign retailer wishes to open an additional retail outlet past its first, it is required to complete an Economic Needs Test (ENT) based on the district's population in addition to the population density of a city or province. A new outlet to be established by a foreign investor with a size less than 500 square meters does not have to complete the ENT if the area has been designated by the local government for commercial activities. All existing FIEs must submit additional details when applying to amend their Investment Certificate. These addtional details include documents stating their financial capacity as well as tax certificates showing that all tax liabilities of the previous two years have been duly paid.
 
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