Chamber hopes for investment clarity
The Viet Nam Chamber of Commerce and Industry (VCCI) yesterday held a conference to collect ideas to contribute to a draft circular guiding a decree (108/2006/ND-CP) on investment procedure.
During the conference, the VCCI received many ideas from enterprises, associations and specialists about the feasibility of the draft.
In fact, many enterprises were confused about transferring investment projects, especially to another leading investor.
"So the draft must clearly guide us on the conditions," said lawyer Nguyen Xuan Tien, director of VFAM Viet Nam Management Consultant and Training Joint Stock Company.
According to Tien, the draft must outline transfer procedures, including the contract, and the responsibilities of State units must also be mentioned.
Lawyer Nga from Kinh Bac International Law Firm said the draft must confirm in detail relevant regulations on related law documents.
She said the draft only mentioned the regulations, but was not a clear guide. So, the draft must solve matters not mentioned in another law documents, she said.
Matters relating to revenue and cost of setting up enterprises were also mentioned at the conference.
According to an expert from Star project, the draft must regulate that an enterprise apportion its revenue and costs in reasonable way. This included separately managing the revenue and cost of different projects.
The draft circular has a wide scope. It mentions investment procedures, measures, priorities, available assistance and the organisation of enterprises.
All ideas contributed by experts and enterprises at the conference will be sorted. The VCCI will summarise them and send them to an editing board to perfect the final draft.
Decision 108/2006/ND-CP was issued by the Government in 2006 to guide some articles in Investment Law in 2005.
VNA
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