Law on Investment
Latest News about Law on Investment
After more than six years in effect, the Law on Investment has been officially amended with a number of new articles to improve the country’s appeal to higher-quality foreign investment flows.
This law version bans the debt collection service.
Amongst the numerous revisions included in the draft amendments of the Law on Investment, the expansion of investment capital and the “negative list” approach towards market access are two features less-frequently mentioned
In order to continue improving Vietnam’s business environment, the Ministry of Planning and Investment is drafting two new laws, one of which will amend and supplement the current Law on Investment.
International investors are seeking for more positive changes in mergers and acquisitions transactions and market access conditions in the latest draft amendments to the Law on Investment to keep them moving forward with their future ventures.
The draft amendments to the Law on Investment and the Law on Enterprises feature notable changes and are expected to bring forward a more favourable investment climate when it is scheduled to take effect in 2021.
In the context of rapid changes in business methods, the current Law on Investment needs changes in favour of investors.
Numerous sectors were added to receive incentives under the Draft Law on Investment to ensure it matches the new FDI strategy.
Despite a range of improvements, the latest draft amendments to the Law on Investment 2014 retains several concerns among both domestic and overseas investors, who are urging for further changes ahead.