DIRECT INVESTMENT The investor is free to decide on one of the following direct investment forms: To establish economic organizations in the form of one hundred (100) percent capital of domestic investors or (100) percent capital of foreign investor(s); To establish joint venture economic organizations between domestic and foreign investors; To invest in the contractual forms of Business Co-operation Contract (BCC); Build–Operate–Transfer (BOT); Build–Transfer–Operate (BTO); and Build–Transfer (BT); To invest in business development; To purchase shares, contribute capital or invest in the merger or acquisition of an enterprise. INDIRECT INVESTMENT 1. The investor may undertake indirect investment in the following forms: a) Purchase of shares, stock, bonds and other valuable papers; b) Securities investment funds; c) Other intermediary financial institutions. 2. Any investment by way of purchase or sale of shares, stock, bonds and other valuable papers of individuals and organizations and procedures for conducting indirect investment activities shall be implemented in accordance with the Law on Securities and other relevant laws.   INVESTMENT REGISTRATION BODY 1. Projects for which the People’s Committee of Hung Yen Province issue Investment Certificates The People’s Committee of Hung Yen Province shall undertake investment registration and issue Investment Certificates for the following investment projects in Hung Yen province: Investment projects outside industrial zones, export processing zones, high-tech zones and economic zones, including investment projects for which the Prime Minister has approved the investment policy; Investment projects for the development of infrastructure in industrial zones, export processing zones, high-tech zones in localities which have not yet established the relevant Industrial Zone Management Board, export processing zones and high-tech zones. The Hung Yen Department of Planning and Investment shall receive files for investment projects implemented within its locality and the People’s Committee of Hung Yen Province will issue the Investment Certificate. For investment projects implemented in cities or provinces under central government and which will establish a head office, branch or operating office in Hung Yen province, the file will be lodged with the Hung Yen Department of Planning and Investment. Address of Hung Yen Department of Planning and Investment: No. 8 Chùa Chuông Street, Hưng Yên Town, Hưng Yên Province. 2. Projects for which the Hung Yen Management Board of Industrial Zones issues the Investment Certificate The Hung Yen Management Board of Industrial Zones (the “Management Board”) shall undertake investment registration and issue Investment Certificates for investment projects in industrial zones in the Hung Yen area, including investment projects approved by the Prime Minister. The Management Board shall receive files for investment projects implemented within its locality. Address of the Management Board of Hung Yen: ______________________________________________ Projects for which the Prime Minister approves investment policy The following investment projects in Hung Yen province must have the approval of the Prime Minister: 1. Investment projects in the following sectors, irrespective of the source of invested capital and scale of investment: Construction and commercial operation of airports, air transportation; Construction and commercial operation of national sea ports; Exploration, production and processing of petroleum; exploration and mining of mineral; Radio and television broadcasting; Commercial operation of casinos; Production of cigarettes; Establishment of university training establishments; Establishment of industrial zones, export processing zones, high-tech zones and economic zones. 2. Investment projects not covered above, irrespective of the source of capital, with an invested capital of 1,500 billion VND or more in the following sectors: Electricity, processing of minerals, metallurgy; Construction of railways, roads and internal waterways; Production and related businesses for alcohol, beer. 3. Projects with foreign invested capital in the following sectors: Commercial operation of sea transportation; Construction of networks for and supply of postal services and delivery, telecommunications and internet service, construction of wave transmission networks; Printing and distributing newspapers and printed matters; publishing; Establishment of independent scientific research establishments. 4. In the event that the investment projects mentioned in 1, 2 and 3 above are included in the master plan approved by the Prime Minister or by an entity authorized by him and satisfy conditions in accordance with the law and international treaties of which Vietnam is a member, the Investment Certificate-issuing body shall issue the Investment Certificate without making a submission to the Prime Minister; 5. In the event that investment projects mentioned in point 1, 2 and 3 above are not included in the master plan approved by the Prime Minister or by an entity authorized by him or do not satisfy international treaties of which Vietnam is a member, the Investment Certificate-issuing body shall obtain opinions from the ministry managing the technical – economic branch, the Ministry of Planning and Investment and other relevant bodies and a submission to the Prime Minister who will make a decision on the investment policy; 6. In cases where investment projects mentioned in points 1, 2 and 3 above are in a sector for which there is no master plan, the Investment Certificate body shall obtain opinions from the the Ministry of Planning and Investment and other relevant bodies and make a submission to the Prime Minister to make a decision on the investment policy. To learn more about the investment procedures applicable to a foreign invested project, please click here. To learn more about the investment procedures applicable to a domestic invested project, please click here.