VIETNAL SOCIALIST REPUBLIC

Independence—Freedom—Happiness

Hanoi, _________, 2003

APPLICATION FOR
ESTABLISHMENT OF JOINT VENTURE ENTERPRISE

To: ......................................................................................
......................................................................................

Pursuant to the 1996 Law on Foreign Investment in Vietnam and the 2000 Law on
Amendment of and Addition to a Number of Articles of the Law on Foreign Investment
in Vietnam;

Pursuant to Decree 24/2000/ND-CP of the Government dated 31 July 2000 providing

detailed regulations on the Law on Foreign Investment in Vietnam;

The undersigned hereby apply for establishment of a joint venture enterprise under the
Law on Foreign Investment in Vietnam with below information:

I/ PARTIES:

1. Vietnamese party:

Company's name:
Representative:
Position:
Resident address:

Headquarter:
Tel:
Fax:
Business Registration:
No:
Issuance date:
Issuing body:
Main business line:
Bank account:
2. Foreign party:

Company's name:
Representative:
Position:
Nationality:
Passport:
Issued in:
Resident address:
Headquarter:
Tel:
Establishment Certificate:
Issuance date:
Issuing body:
Main business line:

Bank account:

Hereby apply for granting of the Investment Licence for the implementation of the
Joint Venture Contract signed between the parties on _______ 2004 with the
following details:

II/ ENTERPRISE TO BE ESTABLISHED:

1. Name and Address:

In Vietnamese:
In English:
In abbreviation

Address:

2. Capital:

Investment Capital: , in which:

Legal Capital:
Loan Capital:

In which, contribution of:

- Vietnamese Party: ....% Legal Capital, which equals --------, in which:

- in cash:
- by assets:
 - Foreign Party: ...% Legal Capital, which equals -------------

Loan Capital:

3. Objectives of Joint Venture:

4. Duration of operation:

5. Export ratio:

III/ PROPOSALS:

Taking into account the nature of the business, which we are applying, and the
investment incentives permissible under the laws of Vietnam, we would like to
apply for the following investment incentives:

1. Corporate Income Tax:

....

2. Foreign currency earning and conversion of Vietnamese Dong:

.....

3. Other Incentives

Beside the above incentives, the Company applies for other incentives as regulated
by laws and its amendment from time to time.

II/ COMMITMENTS:

The Parties hereby commit:

1. To bear full responsibility for the truthfulness and accuracy of the contents of the
application form and the enclosed documents;

2. To comply strictly with the provisions of the law of Vietnam in relation to foreign
investment and the provisions of the investment licence if granted with an
investment licence.

III/ ENCLOSED DOCUMENTS:

1. Joint venture contract;

2. Joint venture charter;

3. Certification of legal status and financial position of the Parties; and

4. The Feasibility Study.

FOR FOREIGN PARTY FOR VIETNAMESE PARTY

(Signature and seal) (Signature and seal)

Director Director