Title: Decree 23/2007/ND-CP, Detailing the Commercial Law regarding goods purchase and sale activities or goods purchase and sale related activities of foreign-invested enterprises in Vietnam.

Type: Decree

Issuing Agency: Government

Responsible Agency: Ministry of Industry and Trade

Issuing Date: 12-02-2007

 

This Decree applies to foreign-invested enterprises, and organizations and individuals involved in the management of goods purchase and sale activities or goods purchase and sale related activities of foreign-invested enterprises in Vietnam.

 Conditions for a foreign-invested enterprise to be granted a permit for dealing in goods purchase and sale activities or goods purchase and sale related activities in Vietnam

1. Conditions for a foreign-invested enterprise to be granted a permit for dealing in goods purchase and sale activities or goods purchase and sale related activities in Vietnam include:

a/ Being an investor from a country or territory which has acceded to a treaty to which the Socialist Republic of Vietnam is a contracting party and under which Vietnam has committed to open its market for goods purchase and sale activities or goods purchase and sale related activities;

b/ Making investment in a form conformable with the roadmap already committed in treaties to which the Socialist Republic of Vietnam is a contracting party and compliant with Vietnamese law;

c/ Dealing in goods or services in accordance with Vietnam's market-opening commitments and Vietnamese law;

d/ Operating within a scope compliant with Vietnam's market-opening commitments and Vietnamese law;

e/ Obtaining approval from a competent state agency defined in Article 5 of this Decree.

2. The Minister of Trade shall announce the roadmap already committed in treaties to which the Socialist Republic of Vietnam is a contracting party and the conditions specified in Clause 1 of this Article.

3. For foreign investors not defined at Point a, Clause 1 of this Article, before a competent agency grants a business permit, the Minister of Trade shall, on a case-by-case basis, consider and approve goods purchase and sale activities or goods purchase and sale related activities.

 

For further details, Please see a reference translation  at http://vbqppl.mpi.gov.vn/en-us/Pages/default.aspx?itemId=80e11efb-706d-4ec3-ae4b-bfedea1a2cd8&list=documentDetail

Download Vietnamese: Decree 23/2007/ND-CP, Detailing the Commercial Law regarding goods purchase and sale activities or goods purchase and sale related activities of foreign-invested enterprises in Vietnam.