Setting up a company in Vietnam

Procedures for Investment Policy Approval and Investment Registration Certificate (IRC) in Da Nang Hi-Tech Park 2026 (2)

With the enactment of the Law on Investment 2025 and Decree 96/2026/ND-CP, the administrative procedures for investors in Da Nang Hi-Tech Park have been significantly streamlined. This article provides a comprehensive guide on the required dossiers and the latest 17-working-day workflow.

I. Procedures for submitting dossiers for investment policy approval and issuance of Investment Registration Certificates

Pursuant to Clause 10, Article 35 of Decree No. 96/2026/ND-CP dated March 31, 2026, detailing and guiding the implementation of the Law on Investment 2025 ("Decree 96"), the procedures for submitting dossiers for investment policy approval and issuance of Investment Registration Certificates (IRC) at Da Nang High-Tech Park are as follows:

a) The investor shall submit 01 set of dossiers for investment policy approval as prescribed in Clause 1 or Clause 2, Article 32 of Decree 96, together with an electronic version to the Management Board of Industrial Parks, Export Processing Zones, High-Tech Parks, and Economic Zones;

b) Within 02 working days from the date of receipt of a valid dossier, the Management Board shall send the dossier to relevant local authorities to seek appraisal opinions on matters within their scope of state management as prescribed in Clause 7 or Clause 8, Article 32 of Decree 96. For investment projects located in areas affecting national defense and security, the investment registration authority shall seek opinions from the Provincial Military Command and the Provincial Police regarding the fulfillment of national defense and security conditions;

c) Within 07 working days from the date of receipt of the request from the Management Board, the consulted authorities shall provide their appraisal opinions on matters within their scope of state management and send them to the Management Board;

d) Within 17 working days from the date of receipt of a valid dossier, the Management Board shall prepare an appraisal report comprising the contents prescribed in Clause 7 or Clause 8, Article 32 of Decree 96 and issue a decision on investment policy approval comprising the contents prescribed in Clause 8, Article 34 of Decree 96.

Consequently, the total duration for investment policy approval and the issuance of the Investment Registration Certificate is 17 working days from the date of receipt of a valid dossier, which is 05 working days shorter than previous regulations.

II. Dossier for investment policy approval proposed by the investor includes:

a) A written request for implementation of the investment project, including a commitment to bear all costs and risks if the project is not approved;

b) Documents concerning the legal status of the investor;

c) Documents proving the investor's financial capacity, including at least one of the following: the investor’s financial statements for the last 02 years; commitment of financial support from the parent company; commitment of financial support from a financial institution; guarantee of the investor’s financial capacity; or other documents proving the investor’s financial capacity;

d) An investment project proposal including the following primary contents: investor or method of investor selection, investment objectives, scale, investment capital and capital mobilization plan, location, duration, implementation schedule, information on the current status of land use, forest use, sea area use (if any) at the project location, and proposed demand for land use (if any), forest use (if any), sea area use (if any), labor demand, proposed investment incentives, socio-economic impacts and efficiency of the project, and preliminary environmental impact assessment (if any) in accordance with the law on environmental protection; special mechanisms and policies (if any).

In cases where the law on construction or other laws require the preparation of a pre-feasibility study report, the investor may submit the pre-feasibility study report instead of the investment project proposal.

For investment projects subject to investment policy approval by the National Assembly or the Prime Minister involving a proposal to convert forest use purposes, the investor shall submit an additional dossier for the proposal to convert forest use purposes in accordance with the law on forestry;

đ) In cases where the investment project does not request the State to allocate or lease land or permit the change of land use purpose, a copy of the land use right documents or other documents identifying the right to use the location for project implementation shall be submitted;

e) Explanatory notes on the technology to be used in the investment project for projects subject to technology appraisal in accordance with the law on technology transfer (if any);

g) Business Cooperation Contract (BCC) for investment projects in the form of a BCC;

h) Other documents related to the investment project, and requirements on the conditions and capacity of the investor as prescribed by law (if any).

For cases involving the issuance of an Investment Registration Certificate not subject to investment policy approval, the investor shall also prepare the aforementioned dossier; however, the processing time is only 10 working days from the date of receipt of a valid dossier.

III. Conclusion:

The reduction in processing time reflects Vietnam's commitment to creating a pro-business environment. Investors are advised to double-check the financial proofing documents to ensure a seamless approval process.

See more at:

1) Investment Procedures in Danang Hi-Tech Park 2026;

2) List of Projects Attracting Investment into Da Nang City for the 2026-2030 Period

3) Projects Subject to Investment Policy Approval under the Law on Investment 2025

The information contained in this article is general and intended only to provide information on legal regulations. DB Legal will not be responsible for any use or application of this information for any business purpose. For in-depth advice on specific cases, please contact us.

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