Conditions for cooperation with Indonesian enterprises in fishing

Question (Mr. Nguyễn Hữu Bình, No 4 Trương Văn Bang St., Ward 7, Vũng Tàu City): What are conditions and procedures for a Vietnamese enterprise to cooperate with Indonesian partners in exploiting aquaproducts in Indonesia’s fishing grounds?

Answer (Ministry of Planning and Investment): The joint exploitation of marine products, within Indonesia’s fishing grounds, between Việt Nam’s investors or enterprises and Indonesian counterparts is stipulated in the Government’s Decree 78/2006/NĐ-CP dated on August 9, 2006 on direct investment abroad.

Accordingly, to do investment overseas, the investors must meet the requirements regulated in Article 4 of the Decree and fulfill investment procedures at the Ministry of Planning and Investment in line with Chapter 2 of the Decree.