
Sign up for consultation
Announcing project information that is not subject to policy approval helps businesses have autonomy in implementing projects, minimizing time and costs related to the approval process. This creates favorable conditions for businesses to quickly grasp market opportunities, optimize resources and increase competitiveness. At the same time, transparency of project information contributes to strengthening trust from partners and investors, promoting sustainable economic development.
Projects not subject to investment policy approval are projects that are not required to be approved by competent state agencies such as the National Assembly, the Prime Minister or the Provincial People’s Committee. These projects do not need to go through the investment policy approval procedure, they are usually smaller scale projects, not in sensitive fields or restricted industries.
Through the form of exclusion of the provisions in:
Thus, projects that are not subject to investment policy approval are projects that are not listed in the above three articles. Investors can evaluate their own projects based on exclusions under these provisions. This helps reduce administrative processes for smaller-scale projects, helping to attract investment and develop the local economy.
The procedure for disclosing project information that is not subject to investment policy approval is an important step so that project information is transparent and complies with legal regulations. This process helps investors conduct projects legally and access financial resources, as well as potential partners.
Document preparation is the first and most important step to ensure that your project is reviewed and processed on time. Documents needed to prepare include:
For investment projects, the dossier must clearly state specific information about the project name, objectives, investment scale, location, land use area, and implementation progress for easy review by competent authorities.
Reference content in Clause 2, Article 47 of the Law on Bidding 2023, Clause 1, Article 33 of the Law on Investment 2020.
The procedure for announcing projects that are not subject to investment policy approval is divided into the following main steps:
Step 1: Submit application
Investors submit complete documents to the Department of Planning and Investment if the project falls under the jurisdiction of the Provincial People’s Committee. In case the project falls under the jurisdiction of the Economic Zone Management Board, the investor submits the application to the agency assigned this task by the Head of the Economic Zone Management Board.
Step 2: Review and process documents
Within 03 working days from receipt of the dossier, the Department of Planning and Investment reports to the Chairman of the Provincial People’s Committee or the person competent to designate a specialized agency for consideration. Relevant units need to coordinate to review the project’s suitability within 25 days of being assigned the task.
Step 3: Approve and publish information
After the project is approved, the competent authority will post project information on the National Bidding Network System within 05 working days.
The time to handle this procedure depends on the competent authority and the nature of the project. According to regulations:
The total procedure time can last up to 33 working days. This ensures that the process is conducted transparently and in accordance with the law, according to Article 47 of the Law on Bidding 2023 and Article 38 of the Law on Investment 2020.
Competent agencies responsible for implementing procedures for disclosing project information that are not subject to investment policy approval include:
These agencies are responsible for coordinating with each other to ensure that the project is implemented according to procedures and information is publicly disclosed.
Long Phan’s consulting services help investors carry out project information disclosure procedures effectively and quickly, while ensuring the legality of your project.
Long Phan’s consulting services ensure compliance with current legal regulations, helping customers complete procedures for disclosing project information that are not subject to investment policy approval quickly and legally. For detailed advice, please contact via the hotline: 0906735386 to receive the best support.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
Leave your email to receive the latest information from us
CONTACT: 0906 735 386
Copyright 2024 © Tư vấn Đầu tư Long Phan. All rights reserved.