Adjustment of investment project in case of division, separation, consolidation, merger or transformation of economic organization

a) Implementation order:

- Step 1: The investor submits 01 document set to the Department of Planning and Investment implementing the investment project to adjust the investment project.

- Step 2: Within 15 days of receipt of valid documents, the Department of Planning and Investment adjusts and issues the Investment registration certificate to the investor.

b) Implementation method:

- Submit documents: directly at the Division of receiving and returning results (in the head office of the Department of Planning and Investment in Hung Yen province); or through the postal system.

- Receive results: directly at the Division of receiving and returning results (in the head office of the Department of Planning and Investment in Hung Yen province); or through the postal system.

 c) Documents:

- A written request for adjustment of investment project (attached with Written consent of PPC's principle on division, separation, consolidation, merger or transformation of economic organization/ if any; report on the implementation of the project by the time of adjustment; adjustment proposal; copies of legal documents related to the investment project, the location of the project area; financial statements of 02 recent years ...)

- Documents related to the change of name and address of the investor or name of the investment project (for documents of foreign organizations, they must be legalized; documents in foreign language must be translated into Vietnamese, certified by organizations with function of translation);

- A copy of the resolution or decision of the investor about the reorganization, including the contents of the handling of assets, rights and obligations related to the investment project.

* Remarks: Individuals/ organizations implementing administrative procedures may submit the copy from the original, certified copy or copy not certified and the original for comparison.

d) Number of documents:

04 sets (at least 01 original set).

đ) Time limit for settlement:

Within 15 days of receipt of valid documents.

e) Implementing agency:

- Agency directly implementing administrative procedures: Department of Planning and Investment.

- Coordinating agency: relevant departments, lines

g) Subjects implementing administrative procedures:

Investor (individual and organization) owning the investment project issued  Investment Registration Certificate implementing the reorganization (division, separation, consolidation, merger or transformation of economic organization) altering the content of Investment registration certificate.

h) Results of administrative procedures:

Investment registration certificate (adjusted) under Form II.2 issued with Circular No. 16/2015/TT-BKHDT.

i) Fees:

None

k) Name of form, declaration:

A written request for adjustment of investment project under Form I.7 issued with Circular No. 16/2015/TT-BKHDT. Report on the implementation of the project by the time of adjustment in accordance with Form I.8 issued with Circular No. 16/2015/TT-BKHDT.

l)Requirements and conditions for procedure implementation:

In case of division, separation, consolidation, merger or transformation of economic organization.

m) Legal basis of administrative procedures:

- Investment Law No. 67/2014/QH13 dated 26/11/2014; Enterprise Law in 2014.

- Decree No. 118/2015/ND-CP dated 12/11/2015;

- Circular No. 16/2015/TT-BKHDT dated 18/11/2015.