FOREIGN INVESTED PROJECTS MUST MAKE RE-REGISTRATION INVESTMENT LICENSE BEFORE FEBRUARY 1, 2014
On June 20, 2013, the XIII National Assembly of the Socialist Republic of Vietnam officially passed the Law Amending and Supplementing Article 170 of the Enterprise Law, No. 37/2013/QH13 on stipulating enterprise cases established before July 1, 2006.
In this Law, the National Assembly asked foreign-invested enterprises established before July 1, 2006 and had its operation duration expired under its investment license after July 1, 2006 , but not yet carried out the procedures for its dissolution and wishes to continue its operation to make re-registration before February 1, 2014, under the conditions specified by the Government. In this case, the re-registration would take effect on the date of operation expiration stated in the investment license.
In case, the established enterprises do not wish to make re-registration, the enterprises shall organize its management and operation according to its Investment License and Charter. The modification or addition of business lines must comply with law at the time of modification or addition.
This Law takes effect on August 1, 2013
