Ms. P.T.T (Hanoi) said that she wanted to terminate the operation of the investment project to establish a company. Ms. T requested the competent authority to guide the procedures for the company to carry out.
Regarding this issue, the Foreign Investment Agency (Ministry of Finance) has the following opinion:
Point a, Clause 1, Article 48 of the Law on Investment stipulates that investors shall terminate investment activities and investment projects in cases where the investor decides to terminate the operation of the investment project. The conditions and procedures for terminating the operation of the investment project are stipulated in Article 57 of Decree No. 31/2021/ND-CP dated March 26, 2021 of the Government detailing and guiding the implementation of a number of articles of the Investment Law.
Pursuant to the provisions of Clause 4, Article 69 of the Law on Investment, it is recommended that the reader's company contact the Hanoi Department of Finance for specific instructions on terminating the project in Hanoi.
Regarding the content related to direct investment capital accounts, it is recommended that the company base on the opinion of the State Bank of Vietnam.
