Permits Required for Foreign Investors to Build Coastal Resorts in Vietnam
In the context of increasing interest from international investors in the Vietnamese tourism market, especially coastal resort projects, understanding the legal procedures and necessary permits is a critical factor to ensure smooth project implementation.
What types of permits do foreign investors need when investing in a coastal resort?
Carrying out a coastal resort project in Vietnam as a foreign investor involves many legal steps to comply with state regulations. Below are the important permits:
Investment Registration Certificate (IRC)
The IRC is a document issued by the provincial/city Department of Planning and Investment where the project is located, confirming that the foreign investor is permitted to carry out the project in Vietnam. The application file for the IRC includes:
Project proposal;
Documents proving financial capacity;
Legal documents of the investor;
Proposal for land use requirements (if any);
Environmental impact assessment (or environmental protection commitment).
Enterprise Registration Certificate (ERC)
After obtaining the IRC, the investor needs to establish an enterprise in Vietnam in the form of a foreign-invested enterprise. The ERC allows the business to operate in relevant fields such as hotels, lodging, tourism services, etc.
Decision on Investment Policy (Investment Policy Decision)
For projects of large scale or those that affect the environment or society, obtaining a Decision on Investment Policy from the Prime Minister or the Provincial People’s Committee is mandatory. This ensures oversight and orientation for sustainable development.
Construction Permit and Steps from Planning to Infrastructure
After obtaining the IRC, ERC, and the investment policy decision, the investor needs to carry out the following procedures:
Apply for planning permit;
Design appraisal for the project;
Obtain construction permit.
In addition, depending on the scale of the resort, the investor may need to undertake other procedures such as zoning boundaries, investment appraisal, approval for construction handover...
Notes when applying for permits for resort investment projects
In the permit application process, investors should note:
Land use planning in coastal areas is quite strict and must be approved by state authorities;
Projects connected with environmental protection and ecology require detailed evaluation reports;
It is advisable to consult a lawyer or a specialized agency to shorten time and optimize the dossier.
DEDICA accompanies foreign investors from A to Z
With extensive experience in investment consulting, real estate, and resort project construction, DEDICA supports investors in all steps: preparing the dossier to apply for IRC, ERC, investment policy decision, planning boundaries, investment report, environmental assessment, construction permits...
We not only understand the law but also grasp provincial planning orientations, how to work with state agencies, and accompany investors with the most strategic and creative mindset. Let DEDICA help your coastal tourism project become a reality in a coherent, lean, and effective way.
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