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THE NATIONAL ASSEMBLY OF VIETNAM
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THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
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Law No. 143/2025/QH15
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Hanoi, December 11, 2025
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LAW ON INVESTMENT
Pursuant
to the Constitution of Socialist Republic of Vietnam amended and supplemented
by the Resolution No. 203/2025/QH15;
The
National Assembly hereby promulgates the Law on Investment.
Chapter I
GENERAL PROVISIONS
Article 1. Scope
This Law
provides for business investment activities in Vietnam and outward business
investment activities from Vietnam.
Article 2. Regulated entities
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Article 3. Definitions
For the
purposes of this Law, the terms below are construed as follows:
1. “investment
policy approval” means a competent authority approving the objectives,
location, scale, implementation schedule and duration of a project; investor or
form of selection of investor and special mechanisms or special policies (if
any) to execute an investment project.
2. “investment
registration authority” means a competent state agency that issues,
adjusts and revokes investment registration certificates.
3. “national
investment database” means a collection of data on investment projects
nationwide that is connected to databases of relevant agencies.
4. “investment
project” means a collection of proposals for the expenditure of
mid-term or long-term capital to carry out investment activities in a specific
geographical area over a certain period of time.
5. “expansion
investment project” means an investment project on development of a
running investment project by expanding the scale, increasing the capacity,
renewing technologies, reducing pollution or improving the environment.
6. “new
investment project” means an investment project that is executed for
the first time or an investment project that is independent from a running
project.
7. “innovative start-up
investment project” means an investment project that implements an
idea on the basis of exploiting intellectual property, technologies and new
business models and is able to grow quickly.
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9. “business
investment condition” means a condition which an individual or
organization must satisfy upon carrying out business investment activities in
conditional business lines, excluding standards and technical
regulations on quality of products and services promulgated by competent
authorities.
10. “market
access conditions applied to foreign investors” mean conditions which
foreign investors must satisfy to make investment in business lines on the List
of business lines with prohibited and restricted market access (hereinafter
referred to as “the Negative List for Market Access”) specified in clause 2
Article 8 of this Law.
11. “investment
registration certificate” means a written or electronic document
bearing information registered by an investor about an investment project.
12. “national
investment information system” means a professional information system
meant for monitoring, assessment and analysis of nationwide investment in order
to serve state management tasks and assist investors in carrying out business
investment activities.
13. “outward
investment activity” means an investor transferring investment capital
from Vietnam to a foreign country and using profit obtained from such investment
capital source to carry out outward investment activities in the foreign
country.
14. “business
cooperation contract” (hereinafter referred to as “BCC”) means a
contract signed between investors for business cooperation and distribution of
profits or products without establishment of an economic organization.
15. “export-processing
zone” means an industrial park which specializes in manufacturing of
exports or provision of services for manufacturing of exports and export
activities.
16. “industrial
park” means a zone with a defined geographical boundary which
specializes in production of industrial goods and in provision of services for
industrial production.
17. “economic
zone” means a zone with a defined geographical boundary which consists
of multiple functional sections and is established to achieve the objectives of
investment attraction, socio-economic development and protection of national
defense and security.
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19. “foreign
investor” means an individual holding a foreign nationality or an
organization established under foreign laws carrying our business investment
activities in Vietnam.
20. “domestic
investor” means an individual holding Vietnamese nationality or an
economic organization without a foreign investor being a member or shareholder.
21. “economic
organization” means an organization established and operating in
accordance with Vietnam’s laws. Economic organizations include enterprises,
cooperatives, cooperative unions and other organizations that carry out
business investment activities.
22. “foreign-invested
economic organization” means an economic organization with a foreign
investor being a member or shareholder.
23. “investment
capital” means money and other assets prescribed by the civil law and
treaties to which the Socialist Republic of Vietnam is a signatory for the
purpose of carrying out business investment activities.
Article 4. Application of the Law on Investment and
relevant laws
1.
Business investment activities within Vietnam’s territory must comply with the
Law on Investment and relevant laws.
2. Where
regulations on banned business lines or conditional business lines in the Law
on Investment are different from those laid down in other laws promulgated
before the effective date of this Law, regulations of the Law on Investment
shall prevail.
Regulations
in other laws on names of banned business lines and conditional business lines
must be consistent with those set out in Article 6, Article 7 and Appendices to
the Law on Investment.
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a)
Authority, sequence and procedures for public investment and management and use
of public investment capital, which are prescribed in the Law on Public
Investment;
b)
Authority, sequence and procedures for making investment and executing
projects; law governing project contracts; investment assurance, mechanisms for
management of state capital directly applied to investment projects in the form
of public-private partnership, which must comply with the Law on Public -
Private Partnership Investment;
c) Execution
of construction, housing and urban area projects, which must comply with the
Law on Construction, Law on Housing and Law on Real Estate Business after a
competent authority has approved the investment policy or the adjusted
investment policy in accordance with regulations of the Law on Investment;
d)
Authority, sequence, procedures and conditions for making business investment,
which are prescribed in the Law on Credit Institutions, Law on Insurance
Business and Law on Petroleum;
dd)
Authority, sequence, procedures and conditions for business investment,
securities- and securities market-related activities of Vietnam, which are
prescribed in the Law on Securities;
e)
Specific mechanisms and policies, which are prescribed in the Law on the
Capital, resolutions of the National Assembly.
4. Where
regulations laid down in Article 28 of this Law are different from those laid
down in other laws, Article 28 of this Law shall prevail.
5. Where
a law promulgated after the effective date of the Law on Investment needs to
stipulate a special regulation on investment which is different from the
regulations of the Law on Investment, the former law must specify the contents
to be implemented or not to be implemented as per the regulations of the Law on
Investment, and the contents to be implemented as per the regulations of the
former law.
6. With
regard to any contract to which at least a party is a foreign investor or an
economic organization defined in clause 1 Article 20 of the Law on Investment, the
parties may reach an agreement on whether to apply foreign laws or
international practice if such agreement does not contravene Vietnam’s laws.
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1.
Investors are entitled to carry out business investment activities in the
business lines that are not banned by this Law. Regarding conditional business
lines, investors must satisfy business investment conditions as prescribed by
law.
2.
Investors may decide their business investment activities on their own and take
responsibility therefor in accordance with this law and relevant laws; may
access and use loan capital and support funds, and use land and other resources
as prescribed by law.
3. Any
business investment activity of an investor shall be suspended, stopped or
terminated if such activity causes harms or threatens to cause harms to
national defense and security.
4. The
State recognizes and protects the ownership of assets, capital, income, other
rights and lawful interests of investors.
5. The
State treats investors equitably; introduce policies to encourage and enable
investors to carry out business investment activities and to ensure sustainable
development of economic sectors.
6. The
State respects and implements treaties on investment to which Socialist Republic
of Vietnam is a signatory.
Article 6. Banned business lines
1. The
business investment activities below are banned:
a)
Business in narcotic substances as specified in Appendix I to this Law;
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c)
Business in specimens of wild flora and fauna exploited from nature specified
in Appendix 1 to the Convention on International Trade in Endangered Species of
Wild Fauna and Flora; specimens of endangered, precious and rare forest fauna
and flora species and aquatic species in Group I exploited from nature as
specified in Appendix III to this Law;
d)
Prostitution business;
dd) Human
trafficking, trade in human tissues, corpses, human organs and human fetuses;
e)
Business activities pertaining to asexual human reproduction;
g) Trade
in firecrackers;
h)
Provision of debt collection services.
i) Trade
in national treasures;
k) Trade
in and export of relics and antiques;
l) Trade
in electronic cigarettes and heated tobacco products.
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3. Based
on socio-economic conditions and state management requirements from time to
time, the Government shall review the banned business lines and submit them to
the National Assembly for amendment and supplementation of this Article and
Appendices to this Law.
Article 7. Conditional business lines
1.
Conditional business line means a business line in the territory of Vietnam in
which the business investment must satisfy necessary conditions for reasons of
national defense and security, social order and security, social ethics, or the
health of the community. The List of conditional business lines is specified in
Appendix IV to this Law.
The
Government shall introduce a List of conditional business lines requiring
licensing and certification before commencing investment and business
activities, and a List of conditional business lines requiring a shift in the
business condition management method from licensing and certification to
declaration of fulfillment of business requirements and conditions for adoption
of the post-inspection management method.
2.
Conditions for making business investment in the business lines mentioned in
clause 1 of this Article are specified in laws and resolutions of the National
Assembly, ordinances and resolutions of the Standing Committee of the National
Assembly, decrees of the Government and treaties to which the Socialist
Republic of Vietnam is a signatory. Ministries, ministerial agencies, People’s
Councils or People’s Committees at all levels, and other agencies,
organizations and individuals must not promulgate regulations on business
investment conditions.
3.
Business investment conditions must be stipulated in conformity with clause 1
of this Article and be public, transparent, objective and economic in terms of
time and costs of compliance by investors.
4.
Regulations on business investment conditions shall contain the following:
a)
Subjects and scope of the business investment conditions;
b) Forms
of application of the business investment conditions;
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d)
Application dossiers, sequence and administrative procedures (if any) for
compliance with the business investment conditions;
dd) The
competent authority competent to handle administrative procedures;
e)
Validity period of the license, certificate, diploma or other written
certification or approval (if any).
5.
Business investment conditions shall be applied in the following forms:
a)
License;
b)
Certificate;
c)
Diploma;
d)
Written certification or written approval of a competent authority;
dd) Other
requirements which individuals and economic organizations must satisfy to
conduct business investment activities without having to obtain written
certification from competent authorities.
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a) Based
on socio-economic conditions and state management requirements from time to
time, the Government shall review the List of conditional business lines in the
Appendix IV and submit it to the National Assembly for amendment and
supplementation of this Article and Appendix IV to this Law;
b) The
amendment and supplementation of conditional business conditions or business
investment conditions must conform to regulations of this Article.
7. The conditional
business lines and business investment conditions applicable to such business
lines must be posted on the National Business Registration Portal.
8. The
Government shall stipulate the announcement and control of business investment
conditions.
Article 8. Business lines with prohibited and restricted
market access and market access conditions applied to foreign investors
1. Market
access conditions applied to foreign investors are the same as those applied to
domestic investors, except for the case specified in clause 2 of this Article.
2.
Pursuant to laws and resolutions of the National Assembly, ordinances and
resolutions of the Standing Committee of the National Assembly, decrees of the
Government and treaties to which the Socialist Republic of Vietnam is a
signatory, the Government shall promulgate a Negative List for Market Access,
including:
a)
Prohibited business lines;
b)
Restricted business lines.
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a)
Holding of charter capital by the foreign investor in an economic organization;
b) Forms
of investment;
c) Scope
of investment activities;
d)
Capacity of investors; partners participating in investment activities;
dd) Other
conditions pursuant to laws and resolutions of the National Assembly,
ordinances and resolutions of the Standing Committee of the National Assembly,
decrees of the Government and treaties to which the Socialist Republic of
Vietnam is a signatory.
4. The
Government shall elaborate this Article.
Chapter II
INVESTMENT GUARANTEES
Article 9. Guarantees for asset ownership
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2. Where
the State compulsorily acquires or requisitions an asset of an investor for
reasons of national defense and security, in the national interest, in the
state of emergency or for natural disaster management, the investor shall be
paid or compensated in accordance with regulations of law on compulsory
acquisition and requisition of assets and relevant regulations of law.
Article 10. Guarantees for business investment activities
1.
Investors are not required by the State to satisfy the following requirements:
a) Give
priority to purchase or use of domestic goods/services; or only purchase or use
goods/services from domestic producers/service providers;
b) Export
goods or services at a certain percentage rate; restrict the quantity, value,
types of goods/services that are exported or domestically produced/provided;
c) Import
goods in a quantity or value that is equivalent to the quantity or value of
goods exported or self-balance foreign currencies earned from export to meet
import demands;
d) Reach
a localization rate for domestically produced goods;
dd) Reach
a certain level or value in their domestic research and development activities;
e)
Provide goods or service at a specific location in Vietnam or overseas;
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2.
Depending on the socio-economic conditions and demands for investment
attraction from time to time, the Prime Minister shall decide to apply forms of
guarantee of the State to execute investment projects under the authority of
the National Assembly or the Prime Minister to grant the investment policy
approval, and other important infrastructure development investment projects.
3. The
Government shall elaborate clause 2 of this Article.
Article 11. Guarantees for transfer of foreign investors’
assets overseas
After all
financial obligations toward the State of Vietnam are fulfilled, foreign
investors are permitted to transfer the following assets overseas:
1.
Investment capital and proceeds from liquidation of their investment;
2. Their
income obtained from business investment activities;
3. Money
and other assets under the lawful ownership of the investors.
Article 12. Guarantees for business investment upon changes
of laws
1. Where
a new legislative document which is promulgated provides for new or more
favorable investment incentives, investors are entitled to enjoy the investment
incentives according to the new legislative document for the remaining period
over which the investment project is entitled to the incentives, except for
special investment incentives for the investment projects in the case specified
in point a clause 5 Article 17 of this Law.
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3. The
regulations in clause 2 of this Article do not apply if regulations of a
legislative document are changed for reasons of national defense and security,
social order and security, social ethics, the health of the community or
environmental protection.
4. Where
an investor is no longer eligible for investment incentives prescribed in
clause 3 of this Article, one or more of the following solutions shall be
adopted:
a) Deduct
the damage actually suffered by the investor from taxable income;
b) Adjust
operating objectives of the investment project;
c) Assist
the investor in remedying damage.
5. With
regard to the investment guarantee measure in clause 4 of this Article, the
investor must make a written request within 03 years from the effective date of
the new legislative document.
Article 13. Settlement of disputes in business investment
activities
1.
Disputes relating to business investment activities in Vietnam shall be settled
through negotiation and conciliation. If the negotiation or conciliation fails,
the dispute shall be settled by an arbitration body or by a court in accordance
with clauses 2, 3, and 4 of this Article.
2. Every
dispute between a domestic investor and a foreign-invested economic
organization or between a domestic investor or a foreign-invested economic
organization and a competent state agency relating to business investment
activities within Vietnam’s territory shall be settled by a Vietnam's
arbitration body or Vietnam’s court, except for the cases in clause 3 of this
Article.
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a)
Vietnam’s court;
b)
Vietnam’s arbitration body;
c)
Foreign arbitration body;
d)
International arbitration body;
dd) An
arbitral tribunal established by the parties in dispute.
4. Every
dispute between a foreign investor and a competent state agency relating to
business investment activities within Vietnam’s territory shall be settled by
Vietnam's arbitration body or Vietnam’s court, unless otherwise agreed under a
contract or prescribed by a treaty to which the Socialist Republic of Vietnam
is a signatory.
Chapter III
INVESTMENT INCENTIVES AND SUPPORT
Article 14. Investment incentives and investment support
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a)
Investment projects in business lines eligible for investment incentives
specified in clause 1 Article 15 of this Law;
b)
Investment projects located in geographical areas eligible for investment
incentives specified in clause 2 Article 15 of this Law;
c) Capital-intensive
investment projects, labor-intensive investment projects or key and nationally
important investment projects that are consistent with the socio-economic
development orientation from time to time as prescribed by the Government.
2. Forms
of investment incentives include:
a)
Corporate income tax incentives, including application of a lower rate of
corporate income tax for a certain period of time or throughout the investment
project execution; exemption from and reduction of tax and other incentives
prescribed by the law on corporate income tax;
b)
Exemption from import duty on goods imported to form fixed assets; raw
materials, supplies and components for manufacturing in accordance with the law
on import and export duties;
c)
Exemption from and reduction of land use levy, land rent, land use tax;
d)
Accelerated depreciation, increasing the deductible expenses upon calculation
of taxable income;
dd) Other
forms of investment incentives as prescribed by the Government.
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a)
Support for development of technical infrastructure and social infrastructure
inside and outside the fence of investment projects;
b)
Support for training and development of human resources;
c) Credit
support;
d)
Support for access to production and business premises; support for relocation
of production and business establishments under decisions of competent state
agencies;
dd)
Support for science, technology and technology transfer;
e)
Support for market development and information provision;
g)
Support for research and development;
h)
Support for green transition, emission reduction, climate change adaptation and
digital transformation;
i) Other
forms of investment support as prescribed by the Government.
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5.
Investment incentives shall apply to new investment projects and expansion
investment projects.
6. The
specific level of each type of investment incentives shall apply as per the law
on taxation, law on accounting and law on land.
7. The
investment incentives mentioned in point b clause 1 of this Article do not
apply to:
a)
Projects on investment in mineral mining as prescribed by the law on geology
and minerals;
b)
Projects on investment in manufacturing/trading of goods/services subject to
special excise tax according to the Law on Special Excise Tax, except for
projects on manufacturing of automobiles, aircrafts and yachts.
c)
Projects on investment in commercial housing construction prescribed by the law
on housing.
8.
Investment incentives are applied for a fixed term and on the basis of results
of execution of the investor's project. Every investor must satisfy conditions
for enjoyment of investment incentives in accordance with regulations of law
during the period of enjoying investment incentives.
9. An
investment project that is eligible for various levels of investment incentive,
including investment incentives specified in Article 17 of this Law may enjoy
the highest investment incentive level.
10. The
Government shall elaborate this Article.
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1.
Business lines eligible for investment incentives are business lines
prioritized to attract investment to achieve the following objectives:
a)
Science and technology development, innovation, digital transformation, digital
technology industry and semiconductor industry;
b)
Development of green economy, circular economy, sharing economy, digital
economy and new economic models;
c)
Development of industry linkage clusters and value chains, attraction of
investment featuring modern governance, high added value, spillover effects,
connection of global production and supply chains;
d)
Development of renewable energy, new energy, clean energy; assurance of
national energy security;
dd)
Development of agriculture and forestry; protection of the environment, natural
resources, marine economy;
e)
Construction and development of infrastructure;
g)
Development of education and training, healthcare, high-performance sports, and
national culture;
h)
Development of key chemical industries, key mechanical engineering industries,
supporting industries; development of pharmaceutical industry;
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2.
Geographical areas eligible for investment incentives include:
a)
Disadvantaged areas and extremely disadvantaged areas;
b) Industrial parks,
industrial clusters, export-processing zones, hi-tech zones, hi-tech
agricultural zones, concentrated digital technology zones, free trade zones,
international financial centers, economic zones.
3.
According to the business lines and geographical areas eligible for investment
incentives mentioned in clause 1 and clause 2 of this Article, the Government
shall compile, amend and supplement the List of business lines eligible for
investment incentives and the List of geographical areas eligible for
investment incentives; determine business lines eligible for special investment
incentives to be included in the List of business lines eligible for investment
incentives.
Article 16. Investment support fund
1. The
Government shall establish an Investment Support Fund to stabilize the
investment environment, encourage and attract strategic investors and
multinational corporations, and support domestic enterprises in certain fields
requiring investment incentives.
2. The
Government shall elaborate the operating model, legal status, annual and
supplementary budget provided for the Fund, forms of support, support
reimbursement mechanisms, and other specific policies of the Fund, and report
such to the Standing Committee of the National Assembly for its comments before
promulgation.
Article 17. Special investment incentives and support
1. The
Government shall decide to apply special investment incentives and support with
a view to encouraging the development of some investment projects that exert
significant socio-economic effects.
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a)
Projects on investment in establishment (including the expansion of such newly
established project) of new innovation centers and research and development
centers, investment projects on construction of big data center infrastructure,
cloud computing infrastructure, 5G-and-above mobile infrastructure, and other
digital infrastructure in the field of strategic technology as decided by the
Prime Minister; investment projects in the field of strategic technology and
production of strategic technology products as decided by the Prime Minister
with investment capital and disbursement deadlines as prescribed by the
Government; national innovation centers established by decisions of the Prime
Minister;
b)
Investment projects on production of key digital technology products,
semiconductor research and development, design, manufacturing, packaging and
testing, projects on construction of artificial intelligence data centers as
per the law on digital technology industry with investment capital and
disbursement deadlines as prescribed by the Government;
c) Other investment
projects (including new investment projects and expansion investment projects)
in business lines eligible for special investment incentives with investment
capital and disbursement deadlines as prescribed by the Government.
3. Level
and duration of application of special investment incentives are prescribed by
the Law on Corporate Income Tax and the law on land.
4.
Special investment support shall be provided in the forms specified in clause 3
Article 14 of this Law.
5. Special
investment incentives and support set out in this Article do not apply in the
following cases:
a) Any
investment project that has been granted the investment certificate, the
investment registration certificate or the investment policy decision before the
effective date of this Law;
b)
Investment projects specified in clause 7 Article 14 of this Law.
6. The
Government shall decide to apply investment incentives if it is necessary to
encourage the development of an investment project of special importance or a
special administrative - economic unit.
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INVESTMENT ACTIVITIES IN VIETNAM
Section 1. FORMS OF INVESTMENT
Article 18. Forms of investment
1.
Investment in establishment of an economic organization.
2.
Investment in the form of capital contribution or purchase of shares or stakes.
3.
Execution of an investment project.
4.
Investment in the form of a BCC.
5. New
forms of investment and types of economic organizations prescribed by the
Government's regulations.
Article 19. Investment in establishment of an economic
organization
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2. A
foreign investor is entitled to establish an economic organization to execute
an investment project before following the procedures for issuance or
adjustment of an investment registration certificate and must satisfy the
market access conditions applied to foreign investors set out in Article 8 of
this Law upon following the procedures for establishing an economic
organization.
3. The
Government shall elaborate this Article.
Article 20. Conduct of investment activities by
foreign-invested economic organizations
1. An
economic organization must satisfy the conditions and implement investment
procedures in accordance with regulations applicable to foreign investors when
making investment in form of contribution of capital to or purchase of shares
or stakes of another economic organization; executing another investment
project if the economic organization falls into one of the following cases:
a) Over
50% of its charter capital is held by a foreign investor(s) or, in case of an
economic organization being a partnership, the majority of its general partners
are foreign individuals;
b) Over
50% of its charter capital is held by an economic organization(s) stipulated in
point a of this clause;
c) Over
50% of its charter capital is held by a foreign investor(s) and an economic
organization(s) stipulated in point a of this clause.
2.
Economic organizations other than those specified in points a, b and c clause 1
of this Article shall satisfy conditions and follow investment procedures
according to regulations applicable to domestic investors upon investment in
establishment of another economic organization; investment in form of
contribution of capital to or purchase of shares or stakes of another economic
organization; investment in the form of a BCC.
3. Any
foreign-invested economic organization that has been established in Vietnam and
has a new investment project may follow the procedures for executing such
investment project without having to establish a new economic organization.
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Article 21. Investment in form of capital contribution or
purchase of shares or stakes
1.
Investors are entitled to contribute capital to, purchase shares or purchase
stakes of economic organizations.
2. The
contribution of capital to, purchase of shares or stakes of an economic
organization by a foreign investor must comply with the following regulations
and conditions:
a)
Satisfy market access conditions applicable to foreign investors as prescribed
in Article 8 of this Law;
b) Ensure
national defense and security in accordance with this Law and relevant laws;
c) Comply
with regulations of the law on land and conditions for receipt of land use
rights and conditions for use of land on islands; communes, wards and special
zones in border areas; coastal communes and wards.
3. A
foreign investor shall follow procedures for registering their contribution of
capital to or purchase of shares or stakes of an economic organization prior to
the change of members or shareholders if they fall into one of the following
cases:
a) The
capital contribution or purchase of shares or stakes leads to an increase in
the foreign investors’ ownership in the economic organization conducting
business in the restricted business lines;
b) The
capital contribution or purchase of shares or stakes results in a foreign
investor or economic organization specified in points a, b and c clause 1
Article 20 of this Law holding over 50% of the charter capital of the economic
organization in the following cases: The holding of charter capital by the
foreign investor is increased from 50% or below 50 to over 50%; the holding of
charter capital by the foreign investor is increased while such foreign
investor is holding over 50% of the charter capital of the economic
organization;
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4. The
Government shall stipulate forms of contribution of capital to and purchase of
shares or stakes of economic organizations; application dossiers, sequence and
procedures for contribution of capital to and purchase of shares or stakes of
economic organizations.
Article 22. Investment in the form of BCC
1. A BCC
signed between domestic investors shall be performed in accordance with the
civil law and relevant laws.
2. A BCC
signed between a domestic investor and a foreign investor or between foreign
investors requires the procedures for issuing an investment registration
certificate as prescribed in Article 26 of this Law.
3. The
parties to a BCC shall establish a coordinating board to perform the BCC.
Functions, tasks and powers of the coordinating board shall be as agreed upon
by the parties.
4. During
the execution of a BCC, the contracting parties reserve the right agree to use
assets generated from the business cooperation to establish an enterprise in
accordance with the law on enterprises.
5. The
Government shall stipulate contents of BCCs.
Section 2. PROCEDURES FOR APPROVING INVESTMENT POLICIES,
SELECTING INVESTORS, ISSUING INVESTMENT REGISTRATION CERTIFICATES, AND SPECIAL
INVESTMENT PROCEDURES
Article 23. Selection of investors for execution of
investment projects
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a) Both
first and second auctions of land use rights are unsuccessful in accordance
with the law on land;
b)
Bidding for selection of an investor in accordance with the law on bidding;
c)
Approval of an investor as prescribed in clauses 3 and 4 of this Article.
2. The
selection of an investor for execution of an investment project as specified in
points a and b clause 1 of this Article shall be carried out after the
investment policy approval is granted, unless the investment project is not
subject to investment policy approval.
3. A
competent authority shall follow the procedures for investor approval in the
following cases:
a) The
land use rights have been auctioned twice unsuccessfully according to
provisions of the Land Law;
b) Only
one investor meets the requirements of the Invitation for Expression of
Interest in cases where the law governing industries and sectors stipulates the
number of interested investors when following the investor selection
procedures.
4. For an
investment project subject to investment policy approval, the competent
authority shall concurrently approve the investment policy and an investor
without holding a land use right auction or bidding to select investor in the
following cases:
a) The
investor has the land use rights, except where the State expropriates land for
national defense and security purposes or for socio-economic development, in
the national or public interest in accordance with the law on land;
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c) The
investor executes the investment project in an industrial park, hi-tech zone or
concentrated digital technology zone;
d) The
investor executes a project that falls into a case where the State allocates or
leases out land without auctioning the land use rights or without bidding to
select an investor to execute a project using land as prescribed by law.
5. The
Government shall elaborate this Article.
Article 24. Projects subject to investment policy approval
1.
Investment projects that require repurposing of land of special-use forests,
headwater protection forests or border protection forest of 50 hectares or
more; of wind- and sand-shielding protection forests or protection forests for
tide shielding and sea encroachment prevention of 500 hectares or more; of
production forests of 1,000 hectares or more;
2.
Investment projects that require repurposing of land meant for wet rice
cultivation during with 02 or more crops of 500 hectares or more;
3.
Investment projects that require relocation of 10,000 people or more in
mountainous areas or 20,000 people or more in other areas.
4.
Investment projects involving betting and casino business, excluding business
in prize-winning electronic games for foreigners.
5.
Investment projects that conform to the law on cultural heritage, regardless of
the land area or population size within protection zone I and protection zone
II of monuments recognized by competent authorities as special national
monuments on the World Heritage List, national monument or special national
monument list.
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7.
Foreign investors’ investment projects in the fields of telecommunications
services with network infrastructure, afforestation, publishing, press.
8.
Investment projects that request the State to allocate or lease out land
without auction of land use rights or bidding to select investors to execute
projects using land; projects that request land repurposing in accordance with
the law on land.
The
investment policy approval as prescribed in this clause does not apply in the
following cases:
a)
Investment projects of individuals not subject to the written approval by the
provincial People's Committee before being granted decision on land lease or
permission for land repurposing as stipulated by the law on land;
b)
Investment projects on construction of technical infrastructure in industrial
clusters;
c)
Mineral mining projects subject to auction of mineral mining rights; mineral
mining projects in service of projects, works, work items or implementation of
emergency mobilization measures as prescribed by the Law on Geology and
Minerals;
d) Other
investment projects as prescribed by the Government.
9.
Investment projects that request the State to allocate or lease out land or
permit land repurposing in areas which affect national defense and security.
10.
Investment projects that request the State to assign sea areas.
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12.
Investment projects, regardless of land area or population size, within areas a
restricted development area or within an historic inner area (determined under
planning schemes as per the urban and rural planning law) of a special-class
urban area;
13.
Investment projects on construction and commercial operation of golf courses,
except where the
construction and commercial operation of a golf course constitute part of a
housing or urban development project which is allocated or leased out land
through auction of land use rights or bidding to select an investor.
14.
Investment projects on construction and commercial operation of infrastructure
in industrial parks, export-processing zones and concentrated digital
technology zones.
15.
Investment projects on construction of new terminals and terminal areas of
special seaports, class I seaports.
16.
Investment projects on construction of: new airports and aerodromes; runways of
airports and aerodromes; international passenger terminals; cargo terminals of
airports and aerodromes with a capacity of 01 million tonnes or more per year.
17. New
investment projects on passenger air transport business;
18.
Investment projects on petroleum processing.
19. Other
investment projects subject to investment policy approval by the Prime Minister
as stipulated by law.
20.
Investment projects that require application of a special mechanism or policy
which is different from that prescribed by laws and resolutions of the National
Assembly.
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1. The
National Assembly shall grant investment policy approval to the investment
projects specified in clause 20 Article 24 of this Law.
2. Except
the case specified in clause 1 of this Article, the Prime Minister shall grant
investment policy approval to the following investment projects:
a)
Investment projects specified in clauses 1, 2, 4, 6, 7 and 19 Article 24 of
this Law;
b)
Investment projects specified in clause 3 Article 24 of this Law that require
relocation of 20,000 people or more in mountainous areas or 50,000 people or
more in other areas;
c)
Investment projects specified in clause 5 Article 24 of this Law that conform
to the law on cultural heritage, regardless of the land area or population size
within protection zone I of monuments recognized by competent authorities as
special national monuments on the World Heritage List.
3. Except
the investment projects specified in clause 1 and clause 2 of this Article, the
Chairperson of the provincial People’s Committee shall grant investment policy
approval to the following investment projects:
a)
Investment projects specified in clauses 8, 9, 10, 11, 12, 13, 14, 15, 16, 17
and 18 Article 24 of this Law;
b)
Investment projects specified in clause 3 Article 24 of this Law that require
relocation of 10,000 people or more in mountainous areas or 20,000 people or
more in other areas;
c)
Investment projects specified in clause 5 Article 24 of this Law that conform
to the law on cultural heritage, regardless of the land area or population size
within protection zone I and protection zone II of monuments recognized by
competent authorities as national monuments and special national monuments on
the World Heritage List, national monument or special national monument list,
except protection zone I of special national monuments on the World Heritage
List;
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4. For
the investment project specified in clause 3 of this Article and executed in an
industrial park, export-processing zone, hi-tech zone, concentrated digital
technology zone or economic zone in conformity with the planning scheme
approved by the competent authority, the management board of such industrial
zone, export-processing zone, hi-tech zone or economic zone shall grant the
investment policy approval.
5. The
Government shall stipulate application dossiers, sequence and procedures for
investment policy approval.
Article 26. Projects subject to issuance of investment
registration certificate
1.
Projects subject to issuance of an investment registration certificate comprise:
a)
Investment projects of foreign investors;
b)
Investment projects of economic organizations specified in clause 1 Article 20
of this Law.
2.
Projects not required to follow procedures for issuance of an investment
registration certificate comprise:
a)
Investment projects of domestic investors;
b)
Investment projects of economic organizations specified in clause 2 Article 20
of this Law;
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3.
Regarding the investment projects specified in Article 24 of this Law, the
domestic investors and economic organizations specified in clause 2 Article 20
of this Law shall execute the investment projects after being granted the
investment policy approval.
4. Where
investors wish to obtain an investment registration certificate for the
investment projects specified in point a and point b clause 2 of this Article,
the investors shall follow the procedures for issuance of the investment
registration certificate.
5. The
Government shall stipulate conditions, application dossiers, sequence and
procedures for issuance and adjustment, and contents of the investment
registration certificate.
Article 27. Authority to issue, adjust and revoke
investment registration certificates
1. The
management board of an industrial park, export-processing zone, hi-tech zone or
economic zone shall issue, adjust and revoke investment registration
certificates with regard to the investment projects located in such
industrial park, export-processing zone, hi-tech zone, concentrated digital
technology zone or economic zone, except the case specified in clause 3 of this
Article.
2.
Departments of Finance shall issue, adjust and revoke investment registration
certificates with regard to the investment projects outside industrial
parks, export-processing zones, hi-tech zones, concentrated digital technology
zones and economic zones, except the case specified in clause 3 of this
Article.
3. The
investment registration authority of the locality where the investor executing
the investment project places or intends to place their head office or
operating office to execute the investment project shall issue, adjust and
revoke investment registration certificates with respect to the following
investment projects:
a) An
investment projects that is executed in 02 or more provincial-level
administrative divisions;
b) An
investment project that is executed inside and outside industrial park,
export-processing zone, hi-tech zone or economic zone;
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4. The
authority that receives investment project dossiers is the one authorized to
issue investment registration certificates, except for the cases specified in
clauses 1 and 2 Article 25 of this Law.
Article 28. Special investment procedures
1. An
investor is entitled to register their investment in accordance with the
provisions of this Article with regard to an investment project in an
industrial park, export-processing zone, hi-tech zone, concentrated digital
technology zone, free trade zone, international financial center or functional
section in an economic zone, except a project requiring investment policy
approval as prescribed by the Government.
2. An
investment project registered under the provisions of this Article is not
required to follow the procedures for investment policy approval, technology
appraisal, preparation of an environmental impact assessment report or
preparation of a detailed planning scheme, issuance of a construction permit,
and other procedures for approval, acceptance, and permission in the fields of
construction and fire prevention and fighting.
The
investor must provide a written undertaking to meet the conditions, standards,
and regulations stipulated by the laws on construction, environmental
protection, and fire prevention and fighting; the investment project proposal
must comprise the identification and forecasting of environmental impacts and
measures to mitigate adverse environmental impacts as an alternative to the
preliminary environmental impact assessment, and the use of technologies
restricted from transfer (if any).
3. Before
commencing the construction, the investor shall submit to a local competent
state agency in charge of construction order management and the management
board of the industrial park, export-processing zone, hi-tech zone or economic
zone a notice of construction commencement along with the following documents:
a) A construction
investment techno-economic report containing the contents prescribed by
construction law, which is prepared, appraised, and approved by the investor;
b) A
report on results of the verification of the construction investment
techno-economic report, which is made by an
organization or individual qualified to carry out verification of safety of
works, environmental protection, and firefighting and prevention;
compliance with technical regulations and standards.
4. The
investment registration certificate shall serve as the basis for the State to
allocate or lease out land or permit land repurposing; for the completion of
administrative procedures; for the inspection, examination, supervision,
assessment and handling of administrative violations, and performance of state
management of a project.
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Section 3. ADJUSTMENT OF INVESTMENT PROJECTS, EXECUTION OF
INVESTMENT PROJECTS
Article 29. Principles of execution of investment projects
1. For an
investment project subject to investment policy approval, the investor shall
follow the procedures to obtain investment policy approval before executing the
investment project.
2. For an
investment project subject to issuance of an investment registration
certificate, the investor shall follow the procedures for issuance of the
investment registration certificate before executing the investment project.
3.
Investors shall comply with regulations of this Law and the laws on planning,
land, environment, construction, labor and fire prevention and fighting, other
relevant laws, written investment policy approval (if any) and the investment
registration certificate (if any) during execution of their investment
projects.
Article 30. Guarantee for execution of investment projects
1. An
investor shall pay a deposit or have a bank guarantee for the obligation to pay
a deposit as a guarantee for execution of an investment project requesting the
State to allocate or lease out land or permit the land repurposing, except the
following cases:
a) The
investor wins an auction of the land use rights;
b) The
investor wins bidding for execution of an investment project using land;
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d) The
State allocates or leases out land or grants land repurposing permission (if
any) to the investor for execution of an investment project on the basis of
receipt of the land use rights and property attached to land from another land
user;
dd) The
investor wins an auction of the mineral mining rights.
2. The
Government shall elaborate this Article.
Article 31. Operating duration and execution schedule of
investment projects
1. The
operating duration of an investment project inside an economic zone shall not
exceed 70 years.
2. The
operating duration of an investment project outside an economic zone shall not
exceed 50 years. The operating duration of an investment project in a
disadvantaged area or extremely disadvantaged area or a project with large
investment capital but with slow rate of capital recovery; an investment
project on construction and commercial operation of infrastructure in a hi-tech
zone, hi-tech industrial park or concentrated digital technology zone; a
project eligible for special investment incentives and support specified in
clause 2 Article 17 of this Law may be longer but shall not exceed 70 years.
3. If the
schedule and operating duration of an investment project are affected in a case
specified in point a, b, c, d or g clause 4 of this Law, the delay shall not be
included in the operating duration or execution schedule of the investment
project.
4. During
the execution of an investment project, the investor may increase or reduce the
project's operating duration. The operating duration of the investment project
after the increase or reduction must not exceed the duration stipulated in
clauses 1 and 2 of this Article.
5. Upon
expiry of the operating duration of an investment project, if the investor
wishes to keep executing the investment project and satisfies the conditions as
prescribed by law, the operating duration of the investment project may be
extended, except the following investment projects:
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b)
Investment projects in which the investor must transfer assets without
reimbursement to the State of Vietnam or the Vietnamese side.
The
maximum duration for each extension shall not exceed the duration stipulated in
clauses 1 and 2 of this Article.
6. The
Government shall elaborate this Article.
Article 32. Determination of value of investment capital;
assessment of value of investment capital; assessment of machinery, equipment
and technological lines
1. Every
investor shall ensure the quality of machinery, equipment and technological
lines for execution of their investment project in accordance with law.
2. The
investor shall self-determine the value of the investment capital of the
investment project after the project is put into operation.
3. Where
necessary to ensure state management of science and technology or to form a
basis for tax calculation, the state competent agency shall require independent
assessment of the value of the investment capital, quality and value of
machinery, equipment and technological lines after the investment project is
put into operation.
4. The
investor must bear any assessment costs if the assessment results lead to an
increase in the tax obligations discharged to the State.
5. The
Government shall elaborate this Article.
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1. During
execution of an investment project, an investor is entitled to adjust its
objectives, transfer the investment project in part or in full, merge projects
or split up or split off a project into multiple projects or split up, split
off, consolidate, merge, convert the type of the economic organization or use
land use rights and property attached to land which is part of the
investment project to contribute capital to establish an enterprise, carry out
business cooperation or carry out other activities, and the aforementioned
activities shall comply with regulations of law.
2. The
investor shall follow procedures for adjusting the investment registration
certificate if the adjustment of the investment project changes any content of
the investment registration certificate.
3. An
investor executing an investment project granted the investment policy approval
shall follow procedures for investment policy adjustment approval in one of the
following cases:
a) Any
content or objective subject to investment policy approval specified in the
written investment policy approval is changed or added;
b) The
area of land used is changed according to the Government’s regulations, the
investment location is changed;
c) The
investment project execution schedule is extended by more than 24 months as
prescribed in clause 4 of this Article;
d) The
operating duration of the investment project is adjusted;
dd) There
is a change of the investor in the investment project granted concurrent
approval of investment policy and investor before the operation of the project
or there is a change of conditions (if any) applicable to the investor.
4. With
respect to an investment project granted the investment policy approval, the
investor is not allowed to extend the investment execution schedule by more
than 24 months compared to that stated in the initial written investment policy
approval, except one of the following cases:
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b) The
project execution schedule is adjusted because the State delays allocating or
leasing out land or granting land repurposing permission to the investor;
c) The
project execution schedule is adjusted at the request of a state management
agency or the state agency delays in performing administrative procedures;
d) The
investment project is adjusted because the state agency changes the planning
scheme;
dd) Any
objective specified in the written investment policy approval is changed; any
objective that is subject to investment policy approval is added;
e) The total
investment capital is increased or reduced by 20% or more, thereby changing the
scale of the investment project;
g) Other
cases as prescribed by the Government.
5. The
state agency authorized to grant investment policy approval also has the
authority to approve the adjustment of the investment policy.
If a
request for adjustment of an investment project results in the project being
subject to investment policy approval by an authority at a higher level, such
authority will be competent to approve the adjustment of the investment policy
as prescribed in this Article.
6. If a
request for adjustment of an investment project results in the project being
subject to investment policy approval, the investor has to follow the
procedures for investment policy approval.
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Article 34. Transfer of investment projects
1. An
investor is entitled to transfer part or whole of the investment project to another
investor when the following conditions are satisfied:
a) The
investment project or the part of the investment project which is transferred
has not been terminated in accordance with clauses 1 and 2 Article 36 of this
Law;
b) The
foreign investor receiving the investment project or part of the investment
project must satisfy the conditions set out in clause 2 Article 21 of this Law;
c) The
conditions set forth in the law on land, law on housing, law on real estate
business and other relevant laws are complied with;
d) The
conditions set forth in the written investment policy approval or the
investment registration certificate are satisfied;
dd) Upon
transfer of an investment project, in addition to compliance with this Article,
the state-owned enterprise shall comply with the law on management and use of
state capital invested in manufacturing and business in enterprises before
making any adjustment to the investment project.
2. If the
conditions for transfer set forth in clause 1 of this Article are satisfied,
the investor shall follow the procedures for transferring the investment
project in part or in full as follows:
a) In the
case of an investment project in which the investor has been approved in
accordance with Article 23 of this Law and an investment project which has been
granted an investment registration certificate, the investor shall follow
procedures for adjusting the investment project as prescribed in Article 33 of
this Law;
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3. The
Government shall stipulate dossiers and procedures for adjustment of an
investment project in cases where the investor transfers part or whole of the
investment project.
Article 35. Suspension of investment projects
1. When
suspending an investment project, the investor must notify the investment
registration authority in writing. If the project has to be suspended in a
force majeure event, the State shall allow the investor to be exempt from
paying land rent or reduce land levy for the suspension period with a view to
remedying consequences caused by the force majeure event.
2. A
state management agency for investment shall decide to suspend an investment
project in part or in full in the following cases:
a) To
protect monuments, relics, antiques or national treasures in accordance with
the Law on Cultural Heritage;
b) To
rectify a violation of the law on environmental protection at the request of
the state management agency for environment;
c) To
take measures to ensure occupational safety at the request of the state
management agency for labor;
d)
Pursuant to a judgment or decision of a court or an arbitral award;
dd) The
investor fails to correctly implement the written investment policy approval or
the investment registration certificate and has been dealt with for an
administrative violation or has received a document from the investment
registration authority on the failure to correctly implement the written
investment policy approval or investment registration certificate but continues
to commit the violation, except where the project is not executed according to
the schedule stated in the written investment policy approval, investment
registration certificate or written investment policy adjustment approval or
adjusted investment registration certificate.
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4. The
Government shall stipulate conditions, sequence, procedures and time limit for
suspending investment projects.
Article 36. Termination of investment projects
1. An
investor shall terminate their investment activities and/or investment project
in the following cases:
a) The
investor decides to terminate the investment project;
b) The
project has to be terminated according to the conditions set out in the
contract or charter of the enterprise;
c) The
investment project duration is over.
2. The
investment registration authority shall terminate an investment project in part
or in full in the following cases:
a) The
investment project falls into one of the cases specified in clauses 2 and 3
Article 47 of this Law but the investor is unable to address the issues leading
to suspension of the investment project;
b) After
24 months from the completion of the schedule for achieving the operating
objectives of the investment project or the operating objectives of each phase
(if any) as stipulated in the written investment policy approval, investment
registration certificate or written investment policy adjustment approval,
adjusted investment registration certificate, the investor still fails to
achieve these operating objectives and does not fall into the cases eligible
for adjustment of the schedule as prescribed, except the case specified in
point dd of this clause;
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d) The
investment project has been suspended and past 12 months from the date of
suspension, the investment registration authority cannot contact the investor
or the investor’s legal representative;
dd) The
investment project is subject to land expropriation according to the law on
land;
e) The
investor fails to pay the deposit or obtain a bank guarantee for the obligation
to pay a deposit as prescribed by law if project execution security is
required;
e) The
investor conducted the investment activities on the basis of a sham civil
transaction in accordance with the civil law;
g) The
investment project is terminated according to a judgment or decision of a court
or an arbitral award;
i) An economic organization
that has been dissolved but has not been shut down or has not transferred the
investment project or the ownership thereof to another in accordance with law.
3.
Regarding a project subject to investment policy approval, the investment
registration authority shall terminate the investment project after obtaining
opinions of the authority granting investment policy approval.
4. The
investor shall themself liquidate the investment project in accordance with the
law on liquidation of assets upon termination of the investment project, except
for the case specified in clause 5 of this Article.
5. The
handling of land use rights and property on land upon termination of the
investment project shall comply with the law on land and other relevant laws.
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7. The
Government shall stipulate sequence and procedures for terminating investment
projects.
Article 37. Establishment, adjustment, and shutdown of
operating offices of foreign investors to BCCs
1. A
foreign investor to a BCC may establish an operating office in Vietnam to
execute the contract. The location of the operating office shall be decided by
the foreign investor according to the requirements for contract execution.
2. The
operating office of a foreign investor to a BCC has its own seal; may open an
account, recruit employees, sign contracts and carry out business activities
within the bounds of the rights and obligations specified in the BCC and
operating office establishment registration certificate.
3. The
Government shall stipulate dossiers, sequence and procedures for establishment,
adjustment, and shutdown of operating offices of foreign investors to BCCs
Chapter V
OUTWARD INVESTMENT ACTIVITIES
Article 38. Principles of carrying out outward investment
activities
1. The
State encourages outward investment in order to exploit, develop and expand the
market; increase the export of goods and services, earn foreign currencies;
access modern technologies, improve governance capacity and provide additional
resources for national socio-economic development.
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Article 39. Forms of outward investment
1.
Investors shall carry out outward investment activities in the following forms:
a)
Establishment of an economic organization in accordance with the law of the
host country;
b) Investment
on the basis of an overseas contract;
c)
Contribution of capital to, purchase of shares or stakes in an overseas
economic organization to participate in management of such economic
organization;
d)
Trading in securities, other valuable papers or investment via securities
investment funds and other intermediary financial institutions in a foreign
country;
dd) Other
forms of investment prescribed by law of the host country.
2. The
Government shall elaborate on implementation of the investment forms specified
in clause 1 of this Article.
Article 40. Business lines banned from outward investment
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2.
Business lines with technologies and products banned from export in accordance
with the law on foreign trade management.
3.
Business lines banned from business investment in accordance with regulations
of laws of the host countries.
Article 41. Business lines subject to conditional outward
investment
1.
Business lines subject to conditional outward investment include:
a)
Banking;
b)
Insurance;
c)
Securities;
d) Press,
radio and television;
dd) Real
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Article 42. Issuance, adjustment and invalidation of
outward investment registration certificates
1. The
Ministry of Finance shall issue, adjust and invalidate outward investment
registration certificates for projects with a level of outward investment
capital prescribed by the Government or investment projects involved in the
fields under business lines subject to conditional outward investment as
specified in clause 1 Article 41 of this Law. Where necessary, the Ministry of
Finance may delegate the authority to issue, adjust and invalidate outward
investment registration certificates to organizations under the Ministry.
2. For a
large-scale outward investment project or project proposing a special support
mechanism or policy, the Ministry of Finance shall report such to the Prime
Minister for his consideration and approval before issuing or adjusting the
outward investment registration certificate, except the case specified in
clause 3 of this Article.
3. An
investor shall register foreign exchange transactions in accordance with the
law on foreign exchange management without having to follow the procedures for
issuance of the outward investment registration certificate in the following
cases:
a)
Outward investment projects which have an outward investment capital level
lower than the level prescribed by the Government and are not involved in
business lines subject to conditional outward investment as specified in clause
1 Article 41 of this Law;
b) Outward
investment projects associated with national defense and security which are
executed under the agreement between the Government of Vietnam and the
Governments of other countries;
c)
Outward investment projects of state-owned corporations, general companies and
other economic organizations as prescribed by the Government.
4. The
Government shall elaborate this Article; stipulate conditions, application
dossiers, sequence and procedures for issuance, adjustment and invalidation of
outward investment registration certificates and contents of outward investment
registration certificates.
Article 43. Conduct of outward investment activities
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Chapter VI
STATE MANAGEMENT OF INVESTMENT
Article 44. Responsibility for state management of
investment
1. The
Government shall perform uniform state management of investment in Vietnam and
outward investment.
2. The
Ministry of Finance shall assist the Government in performing uniform state
management of investment in Vietnam and outward investment, and has the
following tasks and powers:
a) Submit
to the Government and the Prime Minister for approval strategies, plans and
policies for investment in Vietnam and outward investment;
b)
Promulgate or submit to competent authorities for promulgation legislative documents
on investment in Vietnam and outward investment;
c)
Promulgate forms serving the conduct of procedures for investment in Vietnam
and outward investment;
d)
Provide instructions, disseminate, organize, supervise, inspect and assess the
implementation of legislative documents on investment;
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e) Issue
and adjust outward investment registration certificates;
g)
Formulate and submit to competent authorities for promulgation mechanisms for
resolving difficulties facing investors and preventing disputes between the
State and investors;
h)
Consolidate information on, assess and report the status of investment in
Vietnam and outward investment;
i) Build,
manage and operate a national investment information system and a national
investment database;
k)
Perform state management of industrial parks, export-processing zones and
economic zones;
l)
Perform state management of investment promotion and coordinate investment
promotion activities in Vietnam and overseas;
m)
Inspect, supervise and assess investment activities, manage and cooperate in managing
investment activities under its authority;
n)
Negotiate and sign investment-related treaties under its authority;
o)
Perform other tasks and exercise other powers regarding state management of
investment as assigned by the Government and the Prime Minister.
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a)
Cooperate with the Ministry of Finance, Ministries and ministerial agencies in
formulating laws and policies relating to investment;
b)
Preside over and cooperate with other Ministries and ministerial agencies in
formulating laws, policies, standards, technical regulations and instructions
for implementation thereof;
c) Submit
business investment conditions in respect of business lines specified in
Article 7 of this Law to the Government for promulgation;
d)
Preside over and cooperate with the Ministry of Finance in formulating planning
schemes, plans and lists of projects attracting investment capital in their
respective industries; organize campaigns and specialized investment promotion;
dd)
Participate in appraisal of projects subject to investment policy approval as
prescribed in this Law and take responsibility for the contents of the
appraisal within the bounds of their functions and tasks;
e)
Supervise, assess and inspect the satisfaction of the fulfillment of investment
conditions and state management of investment projects under their authority;
g)
Preside over and cooperate with provincial People’s Committees, other
Ministries and ministerial agencies in resolving difficulties of investment
projects in the fields under their state management; provide guidance on
delegating powers to and authorizing management boards of industrial parks,
export-processing zones, hi-tech zones, and economic zones to perform the task
of state management therein;
h) Carry
out periodic assessment of socio - economic effects of investment projects
under their management and send reports thereon to the Ministry of Finance;
i)
Provide relevant information to establish a national investment database;
maintain and update the investment management information systems for their
assigned fields and integrate such information systems into the national
investment information system.
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a)
Cooperate with Ministries and ministerial agencies in compiling and introducing
a List of projects in attraction of investment within their provinces;
b)
Preside over or participate in appraisal of projects subject to investment
policy approval as prescribed in this Law and take responsibility for the
contents of the appraisal within the bounds of their functions and tasks;
preside over following procedures for issuance, adjustment and revocation of
investment registration certificates;
c)
Exercise the function of state management of investment projects within their
provinces;
d)
Resolve difficulties facing investors or submit them to the competent authority
for approval;
dd)
Periodically assess efficiency in investment activities within their province
and submit reports thereon to the Ministry of Finance;
e)
Provide relevant information to establish a national investment database;
maintain and update the national investment information system;
g) Direct
organization, supervision and assessment of implementation of the investment
reporting regime.
5.
Vietnam’s overseas representative missions shall monitor and support investment
activities, and protect the lawful rights and interests of Vietnamese investors
in the host countries.
Article 45. Inspection, supervision and assessment of
investment
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a)
Inspection, supervision and assessment of investment projects;
b)
Overall investment, inspection, supervision and assessment.
2.
Responsibility for investment inspection, supervision and assessment:
a) State
management agencies for investment and specialized state management agencies
conduct overall investment inspection, supervision and assessment and
inspection, supervision and assessment of investment projects under their
management;
b)
Investment registration authorities shall inspect, supervise and assess
investment projects under their authority to grant investment registration
certificates,
3.
Contents of inspection, supervision and assessment of investment projects:
a) With
regard to investment projects funded by state capital for business investment,
the state management agency for investment or specialized state management
agency shall carry out inspection, supervision and assessment of the investment
projects according to the contents and criteria approved in the investment
decision;
b) With
respect to investment projects funded by other sources of capital, the state
management agency for investment or specialized state management agency shall
carry out inspection, supervision and assessment of the objectives and
conformity of the investment projects with planning schemes and investment
policies approved by the competent authority, the investment schedule,
fulfillment of requirements for environmental protection, technology, use of
land and other resources as prescribed by law;
c)
Investment registration authorities shall carry out inspection, supervision and
assessment of the contents specified in investment registration certificates
and written investment policy approvals.
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a)
Promulgation of legislative documents elaborating and providing guidelines for
implementation thereof; implementation of the law on investment;
b) Status
of execution of investment projects;
c)
Assessment of results of nationwide investment, Ministries, ministerial
agencies, local authorities, and investment projects within their delegated
powers;
d)
Suggestion to the state management agency at the same level and the superior
state management agency for investment on the investment assessment results and
measures for handling problems and violations of the law on investment.
5.
Organizations and agencies shall carry out inspection and investment assessment
themselves or hire fully qualified and capable experts or consultancies to do
so.
6. The
inspection and auditing of activities of investment projects shall be carried
out in accordance with the laws on inspection and auditing.
7. The
Government shall elaborate this Article.
Article 46. National investment information system
1. The
national investment information system consists of:
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b)
National information system for foreign investment in Vietnam;
c)
National information system for outward investment from Vietnam;
d) National
information system for investment promotion;
dd)
National information system for industrial parks and economic zones;
e)
National information system for other contents of investment management.
2. The
Ministry of Finance shall preside over and cooperate with relevant agencies in
building and operating the national investment information system; build a
national investment database; assess the operation of such system by central
and local state management agencies for investment.
3. State
management agencies for investment and investors shall sufficiently, promptly
and accurately update information into the national investment information
system.
4.
Information about investment projects stored in the national investment
information system has legal validity as the original information about the
investment project.
5. The
Government shall elaborate on the national investment information system.
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1.
Entities implementing the reporting regime encompass:
a)
Ministries, ministerial agencies and provincial People’s Committees;
b)
Investment registration authorities;
c)
Investors and economic organizations executing investment projects as
prescribed in this Law.
2. The
periodical reporting regime shall be implemented as follows:
a)
Investors and economic organizations executing investment projects shall submit
quarterly and annual reports to the investment registration authority and
statistical agency in their locality on the investment project execution,
including the following details: investment capital, results of business
investment activities, information about labor and payment to the state budget,
investment in research and development, environmental treatment and protection,
specialized indicators by field of operation;
b) The
investment registration authority shall submit quarterly and annual reports to
the Ministry of Finance and provincial People’s Committees on receipt of
application dossiers, issuance, adjustment and revocation of investment
registration certificates and on the operation of investment projects under
their management;
c)
Provincial People’s Committees shall review and report the investment in their
provinces to the Ministry of Finance on a quarterly and annual basis;
d)
Ministries and ministerial agencies shall submit quarterly and annual reports
on investment activities relating to their management to the Ministry of
Finance for consolidation and reporting to the Prime Minister;
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3.
Agencies, investors and economic organizations shall make reports in writing
via the national investment information system.
4.
Agencies, investors and economic organizations mentioned in clause 1 of this
Article shall make ad hoc reports at the request of competent state agencies.
5. If an
investment project is exempt from the investment registration certificate, the
investor shall report such to the investment registration authority before
commencement of the project execution.
Article 48. Regime for reporting outward investment
activities
1.
Agencies, organizations and individuals implementing the reporting regime
encompass:
a)
Ministries and ministerial agencies tasked with managing outward investment
activities in accordance with law, and agencies representing the state capital
in enterprises;
b)
Investors executing outward investment projects as prescribed in this Law.
2.
Reporting regime by the entities specified in point a clause 1 of this Article
shall be implemented as follows:
a) Such
entities shall submit an annual report on management of outward investment
activities within the bounds of their functions and tasks to the Ministry of
Finance for consolidation and reporting to the Prime Minister;
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3. The
reporting regime by investors shall be implemented as follows:
a) Within
60 days from the day on which the investment project is approved or licensed as
prescribed by the law of the host country, the investor shall send a written notification
of the conduct of outward investment activities enclosed with a copy of the
written approval for the investment project or a document proving the right to
conduct investment activities in the host country to the Ministry of Finance,
the State Bank of Vietnam, and a representative mission of Vietnam in the host
country;
b) Every
06 months or on an annual basis, investors shall submit a report on the
operation of their investment projects to the Ministry of Finance, the State
Bank of Vietnam, and a representative mission of Vietnam in the host country;
c) Within
06 months from the day on which the tax settlement report or a legally
equivalent document is available as prescribed by the host country’s law, the
investor shall submit a report on the operation of the investment project
enclosed with the financial statement, tax settlement report or legally
equivalent document as prescribed by the host country’s law to the Ministry of
Finance, the State Bank of Vietnam, the Ministry of Finance, a representative
mission of Vietnam in the host country, and a competent state management agency
in accordance with this Law and relevant laws;
d) For an
outward investment project is funded by the state capital, apart from complying
with the regulations in points a, b and c of this clause, the investor shall
make implement the investment reporting regime in accordance with regulations
of law on management and investment of state capital in enterprises.
4. The
reports specified in clause 2 and clause 3 of this Article shall be made in
writing and via the national investment information system.
5. The
agencies and investors stipulated in clause 1 of this Article shall make ad hoc
reports at the request of competent state agencies when there is any request
relating to the state management or issues arising in relation to investment
projects.
Article 49. Investment promotion activities
1. The
Government shall direct the formulation and organize the implementation of
policies and orientations for investment promotion with a view to promoting and
facilitating investment activities by sectors and regions and partners in
conformity with strategies, planning schemes, plans and objectives for
socio-economic development from time to time; ensure implementation of
investment promotion programs and activities which are of the inter-regional
and cross-sectoral nature and associated with trade promotion and tourism
promotion.
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3.
Ministries, ministerial agencies and provincial People's Committees shall,
within the bounds of their tasks and powers, formulate and organize
implementation of investment promotion plans and programs in fields and areas
under their management in conformity with strategies, planning schemes and
plans for socio-economic development and the national investment promotion
program.
4.
Funding for formulating and organizing the implementation of the investment
promotion program shall be covered by the state budget and other lawful funding
sources.
5. The
Government shall elaborate this Article.
Chapter VII
IMPLEMENTATION CLAUSE
Article 50. Amending and supplementing some Articles
of laws related to business investment
1. The
introductory paragraph of clause 2 Article 8 of the Law on Pharmacy No.
105/2016/QH13 amended and supplemented by the Law No. 28/2018/QH14, Law No.
44/2024/QH15, Law No. 112/2025/QH15 and Law No. 114/2025/QH15 is amended and
supplemented as follows:
“2. An
investment project on new establishment (including expansion of such
establishment project) in the development of pharmaceutical industry which has
a total investment capital of at least VND 3,000 billion and a disbursement of
at least VND 1,000 billion within 03 years from the issuance date of the investment
registration certificate or the investment policy approval will be eligible for
the same special investment incentives and support as those applied to the
object specified in point a clause 2 Article 17 of the Law on Investment,
including:”.
2. The
point h clause 2 Article 12 of the Law on Corporate Income Tax No. 67/2025/QH15
amended and supplemented by the Law No. 116/2025/QH15, Law No. 127/2025/QH15,
Law No. 133/2025/QH15 and Law No. 141/2025/QH15 is amended and supplemented as
follows:
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3.
Certain Articles of the Railway Law No. 95/2025/QH15 amended and supplemented
by the Law No. 112/2025/QH15 and Law No. 135/2025/QH15 are amended and
supplemented as follows:
a) Point
c clause 3 of Article 24 is amended as follows:
“c) For
national and local railway lines, investors may extend the project's operating
duration in accordance with the law on investment. If an investor does not
propose an extension of the project's operating duration, the investor shall
transfer all assets form from the project to the State after the project's
operating duration expires, and the state shall make a payment to the investor
in accordance with law;”;
b) Title
of Section 2 of Chapter II is amended and supplemented as follows:
“Section
2. INVESTMENT IN CONSTRUCTION OF NATIONAL RAILWAY LINES AND LOCAL RAILWAY
LINES”.
Article 51. Effect
1. This
Law comes into force from March 01, 2026, except for the provisions set out
under clause 2 and clause 3 of this Article.
2.
Article 7 and the List of conditional business lines stipulated in the
Appendix IV to this Law come into force from July 01, 2026.
3. Clause
3 Article 50 of this Law comes into force from January 01, 2026.
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5.
Individuals who are Vietnamese citizens may use their personal identification
numbers instead of copies of their citizen identity cards, passports or other
personal identification documents upon following administrative procedures set
out in the Law on Investment and Law on Enterprises in case the national
residents database is connected to the national investment registration
database.
6. In
case a legislative document refers to regulations on project approval decisions
or investment policy decisions in accordance with the Law on Investment, the
provisions on investment policy approval in this Law shall prevail.
7. The
provisions of clause 1 Article 41 of the Law on Real Estate Business No.
29/2023/QH15 apply to projects which have received investment policy decisions,
investment policy adjustment decisions, investment policy approvals and
investment policy adjustment approvals or have been granted investment
registration certificates or adjusted investment registration certificates in
accordance with the law on investment.
Article 52. Transitional
provisions
1.
Investors granted an investment license, investment incentive certificate,
investment certificate, investment registration certificate, investment policy
decision or investment policy approval before the effective date of this Law
may execute their investment projects according to the granted investment
license, investment incentive certificate, investment certificate, investment
registration certificate, investment policy decision or investment policy
approval.
2. An
investor is not required to follow the procedures for investment policy
approval in accordance with this Law with respect to an investment project in
one of the following cases:
a) The
investor is issued by the competent state agency with an investment policy
decision, investment policy approval or investment approval in accordance with
the law on investment, housing, urban areas or construction before the
effective date of this Law;
b) The
investment project is not subject to investment policy approval, investment
policy decision, investment approval or issuance of an investment registration
certificate in accordance with the law on investment, housing, urban areas or
construction before the effective date of this Law and the investor has
executed investment projects according to the provisions of law before the
effective date of this Law;
c) The
investor wins the bidding for investor selection or the land use right auction
before the effective date of this Law;
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3. If an
investment project specified in clause 2 of this Article is adjusted and the
adjustments are subject to investment policy approval in accordance with this
Law, the procedures for investment policy approval or investment policy
adjustment approval must be implemented as prescribed by this Law.
For a
project which is subject to investment policy approval according to the
provisions of law before the effective date of this Law but is not subject to
investment policy approval under this Law, the investor is not required to
follow the procedures for adjusting the investment policy, unless the investor
so requests.
4. If an
investment project specified in clause 2 or 3 of this Article is adjusted and
the adjustments are subject to investment policy approval in accordance with
this Law, the authority competent to grant the investment policy approval as
prescribed by this Law shall follow the sequence and procedures for adjusting
the investment policy as prescribed by this Law. The authority, contents, and
procedures for investment supervision in this case shall be comply with the
provisions of this Law.
5. For a
secondary project in an urban area, tourism area or ecological zone that was
implemented before January 01, 2021 and has been granted a certificate of land
use rights and has fulfilled all land-related financial obligations but the
investor is unable to execute or does not have the need to continue its
execution and the project is not subject to termination as stipulated in
Article 36 of this Law, it is permitted to transfer the whole or part of the
project along with the transfer of land use rights and property attached to
land.
The
investor being the transferee shall inherit the rights and obligations of the
investor being the transferor with respect to the transferred part of the
project to continue its execution; is entitled to have the investment policy
approved or adjusted and is issued with an investment registration certificate
or adjusted investment registration certificate regarding the transferred part
of the project when needed in accordance with the Government’s regulations.
6. Where
an investment project executed before the effective date of this Law is
transferred, has been granted a certificate of land use rights, and has
fulfilled its land-related financial obligations and is not subject to
termination as stipulated in Article 36 of this Law but the remaining operating
duration of the transferred project does not match the financial plan or
business investment plan of the transferee, the competent state agency shall,
based on the proposal of the transferee, consider and decide the operating
duration of the investment project when implementing the procedures for
approving or adjusting the investment policy or granting or adjusting the
investment registration certificate.
The project's
operating duration shall begin from the time of approval or adjustment of the
investment policy or issuance or adjustment of the investment registration
certificate as prescribed in this clause and shall not exceed the maximum
duration prescribed in clauses 1 and 2 of Article 31 of this Law.
7. Any
investment project executed or approved or permitted to be executed in
accordance with law before July 01, 2015 and is eligible for a guarantee for
project execution as prescribed in this Law is not required to pay a deposit or
obtain a bank guarantee for the obligation to pay a deposit. If the investor
adjusts the objectives or schedule for execution of the investment project or
repurposes land after the effective date of this Law, the investor must pay a deposit
or obtain a bank guarantee for the obligation to pay a deposit in accordance
with this Law.
8. Any
debt collection service contract concluded before January 01, 2021 shall cease
to have effect from January 01, 2021; the parties to such contract may carry
out activities to liquidate the debt collection service contract in accordance
with the civil law and other relevant laws.
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10. The
provision in clause 3 Article 31 of this Law applies to both investment
projects to which land is allocated before the effective date of this Law and
projects to which land has not yet been allocated.
11. In
the event that the law stipulates that the components of a dossier serving the
implementation of administrative procedures must consist of an investment
registration certificate or written investment policy approval but the
investment project is not subject to issuance of an investment registration
certificate or written investment policy approval as prescribed in this Law,
the investor is not required to submit an investment registration certificate
or written investment policy approval.
12. With
respect to localities which have difficulties in providing land for development
of residential housing, service facilities and public utilities for employees
working in industrial parks, the competent state agency may adjust the planning
scheme for construction of industrial parks (for industrial parks established
before July 01, 2014) to reserve part of the land area for development of
residential housing, service facilities and public utilities for employees
working in the industrial parks.
After
adjustment of the planning scheme, the land area for development of residential
housing, service facilities and public utilities for employees working in an
industrial park must be outside the geographical boundary of the industrial
park and an environmental safety distance must be maintained in accordance with
the law on construction and other relevant laws.
13. The
following transitional provisions apply to outward investment activities:
a) Any
investor granted a decision on approval of outward investment policy, outward
investment license, outward investment certificate or outward investment
registration certificate before the effective date of this Law may continue to
execute the investment project according to the granted decision on approval of
outward investment policy, license, outward investment certificate or outward
investment registration certificate;
b) For a
project which is granted a decision on approval of outward investment policy,
outward investment license, outward investment certificate or outward
investment registration certificate before the effective date of this Law but
is not subject to the issuance of an outward investment registration certificate,
the investor is not required to adjust the granted decision on approval of
outward investment policy, outward investment license, outward investment
certificate or outward investment registration certificate investment when
adjusting the outward investment project;
c) Where
an investor has submitted a valid application dossier for approval of outward
investment policy but has not yet received a response, the investor may
continue to use the submitted application dossier to implement the procedures
for issuance of the investment registration certificate (if required) in
accordance with this Law.
14. From
the effective date of this Law, any valid dossier that has been received in
accordance with the Law on Investment 2020 shall continue to be governed by the
provisions of the Law on Investment 2020, except for the following cases:
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b) Where
a project has not been submitted to the Prime Minister for his consideration
and approval or adjustment of the investment policy before the effective date
of this Law, the Ministry of Finance shall transfer the project dossier and
project appraisal opinions (if any) to the Chairperson of the provincial
People's Committee for processing under the authority specified in this Law;
The
Chairperson of the provincial People's Committee may keep using the project
dossier, appraisal opinions and appraisal report to consider approving or
adjusting the investment policy in the cases stipulated in this clause.
15. For
conditional business lines prescribed in the Law on Investment 2020 but
repealed by this Law, organizations and individuals may continue to use
existing licenses, certificates, diplomas, written confirmations or other forms
of investment and business permits issued by competent state agencies until
their expiration dates.
16. The
Government shall stipulate the handling of investment projects on production of
electronic devices for e-cigarettes and heated tobacco products in Vietnam
solely for export, which have been registered or approved or permitted in
writing by competent state agencies in accordance with law before January 01,
2025.
17. The
Government shall elaborate this Article.
This
Law was passed by the 15th National Assembly of the Socialist
Republic of Vietnam on this 11th of December, 2025 during
its 10th session.
CHAIRMAN OF THE NATIONAL ASSEMBLY
Tran Thanh Man
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APPENDIX IV
LIST OF CONDITIONAL BUSINESS
LINES
(Promulgated together with the Law on Investment No. 143/2025/QH15)
No.
BUSINESS LINE
1
Production
of seals
2
Trading
in support instruments (including repair)
3
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4
Trading
in camouflage devices and software used for sound and video recording and
positioning
5
Trading
in paintball guns
6
Trading
in military equipment and supplies for the people's armed forces, military
weapons, technical equipment, ammunition and specialized vehicles used for
the army and police; components, accessories, spare parts, supplies and
specialized equipment and technology used for production thereof
7
Pawnshop
services
8
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9
Trading
in signaling devices for emergency vehicles
10
Security
guard services
11
Lawyer's
practice
12
Notary’s
practice
13
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14
Auctioneer's
practice
15
Bailiff's
practice
16
Practice
by asset managers and liquidators regarding assets of enterprises and
co-operatives during the process of bankruptcy resolution
17
Accounting
services
18
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19
Trading
in duty-free goods
20
Commercial
operation of bonded warehouses and container freight stations
21
Commercial
operation of premises for conducting customs procedures, customs gathering,
inspection and supervision
22
Securities
trading
23
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24
Insurance
business
25
Reinsurance
business
26
Insurance
brokerage
27
Insurance
agency
28
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29
Lottery
business
30
Prize-winning
electronic games for foreigners
31
Credit
rating services
32
Casino
business
33
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34
Voluntary
retirement fund management services
35
Petro
and oil trading
36
Gas
trading
37
Trading
in industrial explosive materials (including destruction)
38
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39
Business
in lines using industrial explosive materials and explosive precursors
40
Blasting
services
41
Production
of and trading in chemicals, except chemicals on the list of banned chemicals
and minerals specified in the Appendix II to this Law; chemicals stockpiling
services; chemicals industry consulting
42
Liquor
trading
43
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44
Trading
in foods under the specialized management of the Ministry of Industry and
Trade, Ministry of Agriculture and Environment and Ministry of Health
45
Commodity
exchange operations
46
Electricity
generation, transmission, distribution, wholesaling, retail
47
Rice
export
48
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49
Trading
in industrial precursors
50
Trading
in goods and activities directly relating to trading in goods by foreign service
providers in Vietnam
51
Multi-level
marketing
52
E-commerce
activities: management and operation of intermediary e-commerce platforms,
social networks engaged in e-commerce activities, integrated e-commerce
platforms; authentication of electronic contracts in commerce
53
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54
Vocational
education and training activities
55
Vocational
education and training accreditation
56
Occupational
skill assessment services
57
Occupational
safety inspection services
58
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59
Overseas
employment agency services
60
Voluntary
drug rehabilitation services, smoking cessation services, HIV/AIDS treatment
service, care services for the elderly, people with disabilities and children
61
Road transport
services
62
Manufacture,
assembly and import of automobiles
63
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64
Automobile
driver training services
65
Traffic
safety inspector training services
66
Driving
test services
67
Traffic
safety assessment services
68
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69
Inland
waterway ship crewmember and operator training services
70
Crewmember
training and coaching, and ship crewmember recruitment and supply
71
Sea
transport services
72
Import
and dismantling of used sea-going ships
73
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74
Air
transport business
75
Aircraft,
aircraft engine, aircraft propeller and aircraft equipment design,
manufacture and testing services in Vietnam
76
Import,
temporary import for re-export, and temporary export for re-import of
unmanned aircrafts, other aerial vehicles, aircraft engines, aircraft
propellers, and equipment of unmanned aerial vehicles and other aircrafts
77
Trading
in unmanned aircrafts, other aerial vehicles, aircraft engines, aircraft
propellers, and equipment of unmanned aerial vehicles and other aircrafts
78
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79
Commercial
operation of airports
80
Aviation
services at airports
81
Flight
crew training services
82
Rail
transport business
83
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84
Hazardous
goods transport services
85
Pipeline
transport services
86
Real
estate business
87
Clean
water (domestic water) trading
88
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89
Construction
survey services
90
Construction
design and construction design assessment services
91
Construction
supervision consultancy services
92
Site
manager’s practice
93
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94
Specialized
construction testing services
95
Urban
and rural planning consultancy practice
96
Trading
in white asbestos in Serpentine group
97
Postal
services
98
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99
Trust
services
100
Publishers'
activities
101
Printing
services, except printing on packages not containing goods labels
102
Publication
release services
103
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104
Telecommunications
network- and internet-based games
105
Pay
radio and television services
106
General
news website development services
107
Services
for processing and repair of goods on the List of second-hand information
technology products banned from import for foreign partners for overseas sale
108
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109
Domain
name registration and maintenance services
110
Electronic
authentication services
111
Trading
on cybersecurity products and services (excluding trading in civil
cryptography products and services)
112
Imported
newspaper distribution services
113
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114
Trading
in mobile phone jammers
115
Operation
of pre-school institutions
116
Operation
of general education institutions
117
Operation
of higher education institutions
118
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119
Operation
of continuing education institutions
120
Operation
of specialized schools
121
Joint
training with foreign partners
122
Educational
accreditation
123
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124
Trading
in fishery products
125
Trading
in aquaculture feeds, animal feeds, environmental treatment products in
aquaculture
126
Testing
services for aquaculture feeds, animal feeds, environmental treatment
products in aquaculture
127
Trading
in biological preparations, microorganisms, chemicals, environmental
treatment products in livestock production
128
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129
Fishing
vessel registration
130
Training
and retraining crew members of fishing vessels
131
Trading
in pesticides
132
Services
for treatment of objects subject to plant quarantine
133
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134
Plant protection
services
135
Trading
in veterinary drugs, vaccines, biological preparations, microorganisms and
chemicals used in veterinary medicine
136
Veterinary
technical services
137
Animal
testing and surgery services
138
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139
Veterinary
drug testing and experimenting services (including veterinary drugs, aquatic
veterinary drugs, vaccines, biological preparations, microorganisms and chemicals
used in veterinary medicine and aquaculture veterinary medicine)
140
Farm
breeding services
141
Cattle
and poultry slaughtering services
142
Trading
in fertilizers
143
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144
Trading
in plant varieties and animal breeds
145
Production
and nursing of aquaculture seeds
146
Plant
variety and animal breed testing services
147
Aquaculture
seeds testing services
148
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149
Trading
in genetically modified products
150
Medical
examination and treatment services
151
Pharmacy
business
152
Cosmetics
production
153
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154
Trading
in medical equipment
155
Industrial
property assessment services (comprising assessment of copyright and related rights,
assessment of industrial property ownership and assessment of plant variety
rights)
156
Services
for conduct of radiation work
157
Atomic
energy application ancillary services
158
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159
Technology
assessment, valuation and examination services
160
Intellectual
property right representation services (comprising copy right and related
rights representation services, industrial property representation services
and plant variety right representation services)
161
Film
dissemination services
162
Relics
and antiques assessment services
163
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164
Karaoke
and dance club business
165
Travel
services
166
Sports
business activities of sports enterprises and professional sports clubs
167
Trading
in audios and videos of dance, music and stage performances
168
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169
Trading
in relics and antiques, except export of relics and antiques; services for
preservation, restoration, digitization and building of database on relics
and antiquities.
170
Import of
cultural goods under the specialized management of the Ministry of Culture,
Sports and Tourism
171
Museum
services
172
Trading
in electronic games (except for trading in prize-winning electronic games for
foreigners and online electronic prize-winning electronic games)
173
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174
Land
use planning scheme and plan formulation services
175
Land
pricing services
176
Survey
and mapping services
177
Hydro-meteorological
forecasting and warning services
178
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179
Water
resources exploitation services
180
Decision
support services for regulation and distribution of water resources;
reservoir and inter-reservoir operation decision support services
181
Mineral
exploration services
182
Mineral
mining
183
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184
Import
of scrap
185
Environmental
monitoring services
186
Business
operation of commercial banks
187
Business
operation of non-bank credit institutions
188
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189
Provision
of intermediary payment services, provision of payment services without
payment accounts of customers; provision of mobile money services
190
Credit
information services
191
Business
operations of, and provision of foreign exchange services by organizations
which are not credit institutions
192
Gold
trading, except gold jewelry, handicrafts
193
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194
Trading
in data intermediary products and services
195
Trading
in data analysis and aggregation products and services
196
Data
exchange services
197
Provision
of services related to crypto-assets
198
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