Suspension of the  investment project

a) Implementation order:

- Step 1: Investor notices the Department of Planning and Investment in writing on suspension of investment project.

- Step 2: Department of Planning and Investment recognizes the operational status of the project.

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:

- Notice on suspension of  the project (attached with a copy of Decision on Investment Policy/Investment registration certificate/ Investment certificate/Business license; written Decision and Minutes of the Board of Directors/ General Assembly of Shareholders/ Board of Members/ Owner on the suspension of implementation of investment project; Report on the implementation of investment project to the time of suspension proposed).

* 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:

- 02 sets (01 original set)

đ) Time limit for settlement:

Upon receipt

e) Implementing agency:

- Agency directly implementing administrative procedures: Department of Planning and Investment in Hung Yen province;

- Coordinating agency: relevant departments, lines.

g) Subjects implementing administrative procedures:

Investor (individual and organization) suspends the investment project in process.

h) Results of administrative procedures:

Department of Planning and Investment receives Notice on suspension of project of the investor and recognizes the operational status of the project.

In case of suspension of investment project due to force majeure, investor is exempt from land rent for the period of suspension of operation to overcome the consequences caused by force majeure.

i) Fees:

None

k) Name of form, declaration:

Written Notice on suspension of investment project (Clause 1 of Article 47 of Investment Law) under Form I.10 issued together with Circular No. 16/2015/BKHDT;

- Report on implementation of investment project to the time of adjustment under Form I.8 issued together with Circular No. 16/2015/BKHDT.

l) Requirements and conditions for procedure implementation:

Applied to project in process and the investor decides to suspends the the project.

m) Legal basis of administrative procedures:

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

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

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