This Decision announces the list of industrial products for which foreign investment projects must ensure at least 80% export, applicable from the date it takes effect and abolishes the previous regulations.
Scope of application
The foreign investment project is granted an Investment License.
Key points
- The foreign investment project must ensure at least 80% export of industrial products listed in the announcement.
- The list applies from the date the Decision takes effect.
- All previous regulations of the Ministry of Planning and Investment contrary to this Decision are abolished.
- This Decision takes effect fifteen days after the date of signature.
- The list of industrial products includes various types such as motorcycles, automobiles, water pumps, electrical cables, sea transport vessels, and other products.
🌐 Social impact of this document
- Positive impact is promoting exports and enhancing international competition.
- Negative impact may be the cost burden on enterprises required to comply with new regulations.
❓ Frequently asked questions
What percentage of products must be exported by foreign investment projects?
The foreign investment project must ensure at least 80% export of industrial products listed in the announcement.
When does this Decision apply?
This Decision takes effect fifteen days after the date of signature.
What does the product list include?
The list includes various types such as motorcycles, automobiles, water pumps, electrical cables, sea transport vessels, and other products.
Which regulation is abolished by this Decision?
All previous regulations of the Ministry of Planning and Investment contrary to this Decision are abolished.
When was the list of industrial products announced?
Issued together with Decision No. 229/1998/QĐ-BKH dated April 29, 1998, of the Minister of Planning and Investment.
Full text
Pursuant to …;
Regarding the publication of the list of products that must ensure at least 80% export.
THE MINISTER OF PLANNING AND INVESTMENT
Pursuant to Article 3 of Decree No. 10/1998/NĐ-CP dated January 23, 1998, of the Government on certain measures to encourage and ensure foreign direct investment activities in Vietnam;
After exchanging and reaching consensus with relevant ministries;
DECISION:
Article 1. Now hereby publishes along with this Decision the List of industrial products for which foreign-invested projects must ensure at least 80% export of the products.
Article 2.
This list applies to foreign-invested projects granted Investment License from the date this Decision takes effect.
Abolishes all previous regulations of the Ministry of Planning and Investment that are contrary to this Decision.
Article 3. THIS DECISION SHALL TAKE EFFECT 15 DAYS FROM THE DATE OF SIGNATURE.
LIST
INDUSTRIAL PRODUCTS
MUST ENSURE AT LEAST 80% EXPORT
(Annexed to Decision No. 229/1998/QĐ-BKH dated April 29, 1998
of the Minister of Planning and Investment)
1. Two-wheeled motorcycles.
2. Tourist cars, trucks under 10 tons.
3. Water pumps for irrigation under 30,000 m3/h, water pumps for domestic use under 540 m3/h.
4. Medium and low voltage power cables.
5. Ordinary communication cables.
6. Sea transport ships under 30,000 tons, fishing vessels under 1,000 horsepower, river boats, canoes, barges (applicable to projects with 100% foreign capital).
7. Audiovisual products.
8. Aluminum shapes.
9. Common construction steel (Ê up to 40 mm).
10. Ceramic tiles, sanitary ware.
11. NPK fertilizer.
12. Cleaning agents.
13. General paint and construction paint.
14. Lead-acid batteries.
15. PVC plastic.
16. Bicycle and motorcycle tires.
17. Sodium hydroxide (NaOH) and acids (H2SO4, HCl).
18. Various types of electric fans.
19. Bicycles and spare parts.
20. Distribution transformers under 35 KV.
21. Diesel engines under 15 horsepower.
22. Textile products.
23. Footwear products.
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