Navi Info Join Stock Company received the first Certificate on June 27, 2014 to re-register Investment License No. 382/GP-HN dated June 22, 2001, adjusted the first time on September 26, 2008. The company registered for supplementing new investors who contributed capital and increased investment capital and charter capital. Four Republic of Korea investors are Chu Shik Jhon, Kang Kyung Soon, Choi Myung Rynl, Gyung Geun Lee and two Vietnamese investors are Nguyen Viet Anh and Le Duc Cuong.
The project location is No. 4B, Residential Quarter Thuong Binh 27/7, Yen Hoa Ward, Cau Giay District, Ha Noi. The project officially puts into operation for a period of 30 years from the date of issuance of investment certificate.
Targets and investment scale of project are research and development of software and navigation map using GPS technology to provide for phone and mobile computer manufacturers, the navigation equipment manufactures and supply of mobile telecommunications services.
To implement the project, Navi Info Join Stock Company must comply with certain statutory conditions (i.e. the company can only operate in conditional areas when they fully meet all statutory conditions and granted certificate for its operation in accordance with the law) as well as comply with the current laws related to the company’s operations, Investment Certificate, environmental protection, fire prevention, labor safety and other relevant issues. The Company shall be put under examinations, monitoring of competent State agencies and comply with investment monitoring and evaluation regulations adopted by the Government.
The Company is responsible to submit its implementation report to the Authority for Planning and Investment, Bureau of Statistics; bares liability for the accuracy and honesty of its report, information about its headquarters, project’s implementation venue, as well as bares burdens of any consequences arising from incompliance with the laws. Moreover, the Company is also obliged to pay taxes and enable to enjoy preferential treatment in accordance with the laws. In cases of failure to comply with its tax obligations, the competent State agencies still cannot adjust its investment project. Related to its office lease contract, the contract should comply with current real estate laws and the State management agencies shall not resolve any disputes arising from this matter.