The Ministry of Planning and Investment and the Ministry of Foreign Affairs jointly issued Circular No. 01/2008/TTLT-BKH-BNG on March 17, guiding the organization of foreign investment promotion sections in Vietnamese representative missions in some foreign countries.
These sections are tasked to seek opportunities, contact and mobilize investors of host countries to invest in Vietnam; introduce Vietnam’s actual situation of, conditions and needs for, investment cooperation, to concerned foreign authorities, organizations and businesses; guide and assist businesses of host countries that wish to invest in Vietnam in completing investment procedures; take part in verifying the status of investors of host countries that invest in Vietnam when so requested by competent Vietnamese authorities; participate in investment cooperation seminars, conferences, forums and events in host countries; take part in negotiations for, monitor and urge the implementation of, international treaties or agreements on investment cooperation, etc.
Investment promotion staffs who are sent to work in overseas representative missions must satisfy the following criteria: (i) being Vietnamese citizens permanently residing in Vietnam and whose spouses or parents are not foreign nationals, (ii) having a firm political stance and good ethical quality, (iii) having a good command of the language of the host country or a foreign language widely used in the host country; (iv) possessing professional qualifications and good knowledge of Vietnamese law and policies on foreign investment; and (v) being experienced in foreign investment management and promotion.-