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The Decision 236/qd-Ttg Dated: Approval Of The Project "promoting Vietnam's Investment Abroad"

Original Language Title: Quyết định 236/QĐ-TTg: Phê duyệt Đề án “Thúc đẩy đầu tư của Việt Nam ra nước ngoài”

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Pursuant to the law on organization of the Government of 25 December 2001;

Pursuant to the law on investment of 29 November 2005;

Pursuant to decree 78/2006/ND-CP dated 9 August 2006 from the Government regulations on foreign direct investment;

Considering the recommendation of the Minister of planning and investment in sheets of the 273/TTr-BKH, on 12 January 2009, decision: article 1. Approval of the project "promoting Vietnam's investment abroad" with the following principal contents: 1. Target: a) further promote investment activity of enterprises are established and operating in Vietnam abroad in order to be proactive in international economic integration.

b) strengthen measures to create favorable conditions to promote Vietnam's outward investment.

c) manage effectively the offshore investment activities of enterprises, especially State-owned enterprises.

2. Orientation: a) on the geographical investment abroad: continue to harness and promote the strength of the economic sectors in Vietnam to invest in traditional markets such as Laos, Cambodia, the countries in the region, Russia ..., gradually expanding to investment and new markets such as Latin America Africa, Eastern Europe, based on the comparative advantage and economic components of Vietnam.

b) priority area invest abroad:-support the offshore investment projects in the fields of energy, electricity production, exploitation of natural resources, which is especially focused on the field of the exploration and exploitation of oil and gas and other minerals, areas of industrial crops.

-Encourage and support investment projects abroad to meet domestic requirements on raw materials production.

3. support solutions promote offshore investment: a) continue to build and improve the legal framework, policies on overseas investment in order to create favorable conditions and orientation for entrepreneurs and enterprises to invest abroad safely and efficiently.

b) improved administrative procedures for investing abroad according to simple directions, further expansion of the project in an unsubscribe, diminished the intervention by administrative measures even for projects using state capital, empowerment, responsibility of the business.

c) synchronous regulation measures that encourage and support investment abroad a specific way in which particularly focuses on support measures to provide information on the environment, local investment opportunities, protection of rights of enterprises investing abroad during overseas business.

Article 2. Implementation To implementation of the goals, and the above solution, the Prime Minister asked the ministries to perform the following tasks: 1. Ministry of planning and investment: a) the organization implementing the content of the agreement, bilateral, multilateral agreements between Vietnam and countries. At the same time, promotion of negotiations, signed the agreement on encouragement and protection of investment with a number of countries, territories that the business has the potential to invest in Vietnam.

b) presiding, in coordination with the ministries concerned the construction process of the Government in 2009, decree amending, supplementing or replacing Decree No. 78/2006/ND-CP dated 9 August 2006 from the Government regulations on foreign direct investment towards further simplify investment procedures , expand the scale of the projects an registered and specified occupations, sectors encouraged, restricted, all investments abroad.

c) build directory of key areas to encourage overseas investment incentive policy, accompanying support mode.

d) presided, in cooperation with the ministries, research institutions, local, building investment promotion programs abroad fit the particularities of each; put the content of the outward investment promotion into a program's content, the national investment promotion.

DD) presided, in coordination with the ministries concerned; the diplomatic representative agencies overseas investment research, compilation of material about the law, policy, environment and investment opportunities in a number of key areas in order to provide information about opportunities, investment environment, policies of a number of key areas for enterprises Management Agency, granted.

e) presided over the enactment of business reporting regime for offshore investment activities and measures for enforcement, monitoring the implementation of reporting regimes; issue provides information on investment partners of a number of countries, territories, potential investment opportunities.

g) is responsible for tracking and annual reporting of periodic Prime about Vietnam's outward investment.

2. The Ministry of Finance: a) build, issue preferential financial support, investment credit for the Vietnam business investment to a number of key areas, investment projects in the field of industry and in key areas the Government Prime Minister in 2009.

b) presiding, in coordination with the ministries concerned specific guidelines regulating the credit policy, guarantee capital in investment activities abroad.

c) issued a new circular replaces circular No. 97/2002/TT-BTC dated 29 October 2002 guide service in Vietnam for business tax on investment abroad in the third quarter of 2009.

d) approach build research and established the Fund to support investment activities abroad of the Vietnam Prime Minister in 2009.

DD) presided, in coordination with the ministries concerned the promotion of negotiations, signing of tax avoidance Accords coincide with a number of countries, territories not yet signed.

3. State Bank of Vietnam: a) presiding, in coordination with the ministries concerned research, issued regulations on foreign investment in the form of an indirect process of Prime in the third quarter of 2009.

b) construction, issued guidance documents on the management of foreign exchange for investment activities abroad of residents is organization, personal (including the field of direct and indirect investment abroad) and the Prime Minister reported in the third quarter of 2009.

4. Industry: hosted, in cooperation with the Ministry of planning and investment to build the list of industries, market investment priorities; in collaboration with the Ministry of Finance building, research, support mechanisms, encourage projects in the field of market investment priorities, such as energy, mining.

5. The Ministry of labour, invalids and Social Affairs: a) building collaborative mechanisms facilitate the business in Vietnam Vietnam's labor overseas Prime program in 2009.

b) Exchange and agreement to bring labor safety content, violation processing in field workers into signing agreements on labor cooperation between the Government of Vietnam with the Governments that have relations, Vietnam investment reported the Prime Minister in 2009.

6. The Ministry of agriculture and rural development: a) presiding, in cooperation with the Ministry of planning and investment to build the list of industries, market investment priorities; in collaboration with the Ministry of Finance building, approving the mechanism, policy support, encourage projects in the field, priority investment markets, reported the Prime Minister in 2009.

b) expansion strategy of Vietnam investment into the country in the field of agro-forestry and Prime report in 2009.

c) focused on implementing the project to be made according to the commitments with the waters.

7. The Ministry of Foreign Affairs: a) the base of bilateral agreements which the treaties were signed, foreign bodies in the area, where Vietnam enterprise investments, actively assist investors in handling issues and problems in the course of operations in the country, protect the legal rights and create favorable conditions for Vietnam enterprise investment activities abroad.

b) annual meeting held the investor country in Vietnam, support establishment Vietnam business association aimed at developing Vietnam businessman's investment in the country.

Article 3. Enforceable decision has effect from the date of signing.

Article 4. Responsibility of Ministers, heads of ministerial agencies, heads of government agencies and relevant units responsible for the implementation of this decision.

Assigned the Ministry of planning and investment, the track, urging the ministries, provincial people's Committee, the task is assigned and reported the Prime Minister at the end of the fourth quarter of 2009. The case arises the problem of excess of jurisdiction, the Ministry of planning and investment reported the prime consideration, for comments directed to execute./.