INVESTMENT PROTECTED SERVICES (CPC 87305) IN VIETNAM

Base:
Decree No. 96/2016 / ND-CP of 01/7/2016

Condition:
1. WTO, FTAs: Not specified in Schedule of Commitments.
2. Vietnamese law:
a / Form of investment: To enter into joint venture with Vietnamese security service establishments in cases where it is necessary to invest in machinery and technical means in service of the protection and only in the form of grassroots Foreign businesses contribute capital to purchase machinery and technical facilities in service of the protection.
b) Foreign investors:
– Being an enterprise engaged in the provision of security services for at least 5 years;
– The representative of the capital contribution of a foreign business establishment is a person who has not yet been dealt with by the law enforcement agency of the foreign country where he / she has dealt with the breach related to the business of providing security services. protect from warning upward;
– The contributed capital of foreign business establishments may be used only to purchase machinery and technical equipment in service of the protection. The capital contribution of a foreign business establishment is at least USD 1,000,000 (one million US dollars). The valuation of machinery and technical equipment shall be carried out by the competent provincial-level State management agencies in charge of price; The valuation expenses shall be covered by the security service business establishments.