The Government has issued a decree to assist local businesses investing in oil and gas projects abroad as of April 6.
Accordingly, State-owned projects must seek the Prime Minister’s approval if they are worth VND3 trillion or more. The level for projects from other economic sectors is VND5 trillion.
The new regulations also shorten the time taken to verify investment projects and issue a licence by the Ministry of Planning and Investment from the current 30 days to 25 days.
The new regulations also shorten the time taken to verify investment projects and issue a licence by the Ministry of Planning and Investment from the current 30 days to 25 days.
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