Laws of Vietnam

Article 1.- To authorize the Management Board of Hoa Lac Hi-Tech Park (hereinafter referred to as the Management Board for short) to manage import, export and commercial activities of foreign-invested enterprises and parties to business cooperation contracts that invest in Hoa Lac Hi-Tech Park (hereinafter referred to as foreign-invested enterprises for short).

Article 2.- The Management Board shall approve import plans and manage commercial activities of foreign-invested enterprises according to the following contents:

1. The Management Board shall approve import plans of foreign-invested enterprises, ensuring their strict compliance with the November 12, 1996 Law on Foreign Investment in Vietnam, the June 19, 2000 Law Amending and Supplementing a Number of Articles of the Law on Foreign Investment in Vietnam, the Government's Decree No. 24/2000/ND-CP of July 31, 2000, Decree No. 27/2003/ND-CP of March 19, 2003, and Decree No. 12/2006/ND-CP of January 23, 2006, and relevant legal documents, and compatibility with their investment licenses, business licenses, techno-economic explanations and technical designs. The approval of import plans covers the following:

1.1. Approval of plans on the import of machinery, equipment, means of transport, construction supplies, and spare parts for the formation of fixed assets, including the import thereof by mode of financial hire-purchase.

1.2. Approval of plans on the temporary import of machinery, equipment and means of transport hired from foreign countries, which are not yet included in technological chains, for operation of foreign-invested enterprises.

1.3. Approval of plans on the import of supplies and raw materials for production and/or business activities of foreign-invested enterprises.

2. The Management Board shall approve the liquidation of machinery, equipment, means of transport, supplies and raw materials of foreign-invested enterprises according to the provisions of the Trade Ministry's Circular No. 01/2005/TT-BTM of January 6, 2005.

3. The Management Board shall approve plans on the import of finished products for combination with products of foreign-invested enterprises for export.

Article 3.- Quarterly, the Management Board shall send to the Trade Ministry reports on import and export activities of foreign-invested enterprises under the guidance of the Trade Ministry's Circular No. 22/2000/TT-BTM of December 15, 2000.

Article 4.- The Trade Ministry shall periodically inspect the implementation of the provisions of this Decision according to the provisions of law.

Article 5.- This Decision takes effect 15 days after its publication in "CONG BAO."