Question: What are competence of the PM and the provincial People's Committees on investment policies?
* For the approval of the Prime Minister's investment policy, the LOI 2020 supplements some of the following projects:
+ New construction investment projects: airports; runways of airports and airfields; passenger terminal international airport; passenger terminals of international airports; cargo terminals of airports with an annual capacity of 1 million tons or more.
+ Investment projects to build new ports and harbors belonging to special seaports; investment in the construction of new ports and wharves with investment capital of VND 2,300 billion (US$ 109 million) or more belonging to class-I seaports.
+ Residential construction projects (for sale, lease, lease-purchase), urban areas with land use scale of 50 ha or more or less than 50 ha but with a population of 15,000 or more therein; or having a land use scale of 100 ha or more or less than 100 ha but having a population of 10,000 or more in a nonurban area; or investment projects irrespective of the size of land surface and population within the protection scope of any relics recognized by competent authorities as national or special national heritage.
+ Projects with investment capital of VND 10,000 billion (US$ 750 million) or more.
+ Investment projects concurrently under the authority to approve investment policies by two or more provincial People's Committees.
* For the approval of investment policy of the provincial People's Committee, the LOI 2020 supplements some of the following projects:
+Investment projects that require the State to allocate, lease land and permit any change of land use purpose; except for land allocation, land lease, change of land use purpose of households and individuals not subject to approval of provincial-level People's Committees in accordance with the land law.
+ Investment projects in construction of houses (for sale, for lease, for lease-purchase), urban areas with a land use scale of under 50 hectares and a population of less than 15,000 people therein; or having a land use scale of less than 100 ha and a population of less than 10,000 people in areas outside urban areas; or irrespective of the size of land area and population but in a restricted development area or historic inner city (defined in the planning projects) of the special grade urban area.
+ Investment project in construction and business of golf courses.
+ Investment projects of foreign investors and foreign-invested economic organizations carried out in coastal, border islands, communes, wards, towns and other areas affecting national defense and security.