The National Assembly this morning began discussing the amending of eight laws.

In order to address current issues in investment and manufacturing activities in Vietnam, the National Assembly is now considering the project ‘One Law to Amend 8 Laws’ in its extraordinary session from January 4-11, 2022.

Together with the Law on Enterprises, the new Law on Investment took effect on January 1, with the latter aiming at creating a favourable legal framework to support and promote investment activities and economic development, 

With the strategic plan to attract qualified FDI into Vietnam in the light of the Politburo’s Resolution No.50-NQ/TW, the drafted amendment of the Law on Investment 2014 simplifies licensing procedures for setting up a foreign-invested entity.

There were 5,720 cases of foreign investors contributing capital or buying into Vietnamese enterprises in HCM City in 2019, which was 4.3 times higher than the number of FDI projects, according to the HCM City Planning and Investment Department.

There are three problems which may make foreign investors shrink when considering investment in transport infrastructure projects in Vietnam.

Several National Assembly deputies have proposed considering the supply of clean water as a conditional business field while offering feedback on amending the Investment Law, saying that this should be treated as a matter of national security.

 VietNamNet Bridge – Doctor Phan Duc Hieu, deputy director of the Central Institute for Economic Management, talks to Sài gòn Giải Phóng newspaper about what should be revised in the Law on Enterprises.

 VietNamNet Bridge – A number of Government decrees were issued on July 1 to abolish a slew of business conditions in line with the Government’s promises to make life easier for enterprises and improve the business environment.

 VietNamNet Bridge – The Government has shown a strong determination to trim business conditions in a bid to prop up startups and support businesses to become a pivotal driving force for the nation’s growth.

Industrial zones (IZs) in the southern key economic zone (HCM City, Binh Duong, Ba Ria – Vung Tau and Long An) have seen a high level of investment for three years because of free trade agreements (FTAs) of which Vietnam is a member.

Foreign invested enterprises now can more easily list their shares on Vietnamese stock markets under Decree 60 that allows foreign investors to hold up to 100 percent of stake in Vietnamese enterprises.

 VietNamNet Bridge – The planning and investment ministry is finalising a draft decree for building an adequate, transparent and consistent legal framework for the implementation of the 2014 Investment Law.

Celebrating the Year of the Goat, Minister of Planning and Investment Bui Quang Vinh shared his thoughts on the momentous year ahead as Vietnam readies for AEC and global economic integration.

VietNamNet Bridge – Encouraging rational decision-making is a strong feature of the 2014 Law on Public Investment, Dao Quang Thu, Deputy Minister of Planning and Investment, tells the Viet Nam & World Economic Affairs newspaper.

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 The National Assembly on November 26 passed two revised business laws, namely the Enterprise Law and the Investment Law, which are expected to create breakthroughs in nurturing the entrepreneurship.

The National Assembly yesterday approved an amended Law on Investment which reduces the number of prohibited sectors from 51 to six. About 85 per cent of delegates voted for the changes.