The Vietnamese National Assembly has adopted the new Law on Investment, with new rules in favour of foreign investment, including from the US, which is expected to surge in Vietnam in the time to come.

The property industry in Ho Chi Minh City, and in fact the country in general, faces several problems that need urgent solutions, especially with regard to legal provisions.

This law version bans the debt collection service.

Amongst the numerous revisions included in the draft amendments of the Law on Investment, the expansion of investment capital and the “negative list” approach towards market access are two features less-frequently mentioned

In order to continue improving Vietnam’s business environment, the Ministry of Planning and Investment is drafting two new laws, one of which will amend and supplement the current Law on Investment.

The draft amendments to the Law on Investment and the Law on Enterprises feature notable changes and are expected to bring forward a more favourable investment climate when it is scheduled to take effect in 2021. 

In the context of rapid changes in business methods, the current Law on Investment needs changes in favour of investors. 

Numerous sectors were added to receive incentives under the Draft Law on Investment to ensure it matches the new FDI strategy.

Despite a range of improvements, the latest draft amendments to the Law on Investment 2014 retains several concerns among both domestic and overseas investors, who are urging for further changes ahead. 

Around 3,000 business conditions under circulars have expired since July 1, 2016, and have been replaced by 50 new decrees. This was a breakthrough in the local business environment and was good news for the local business community.

 VietNamNet Bridge – Le Nhu Tien, Deputy to the 13th National Assembly, spoke to vov.vn about the serious problem of losses and wastage in Viet Nam.

VietNamNet Bridge – The Government has promulgated Decree 118/2015/ND-CP to guide the implementation of some articles of the Law on Investment.

 VietNamNet Bridge – With funding needs rising commensurately with the rapid growth of Viet Nam's aviation industry, there is an opportunity for private sector participation in developing air infrastructure.

VietNamNet Bridge – Hi-tech inward investments are expected to surge following the issuing of a new government shortlist of prioritised technologies and hi-tech products and eased criteria for enterprises to enjoy the most preferential incentives.

VietNamNet Bridge – Director of the Ministry of Planning and Investment's Foreign Investment Agency Do Nhat Hoang spoke to Dau Tu newspaper about how the new national information system for foreign investment would benefit investors.

 VietNamNet Bridge – On November 26, 2014, the National Assembly passed the new Law on Investment and Law on Enterprises. Both changes were initiated to spur additional foreign investment interest that should commence

 VietNamNet Bridge – Lawmakers yesterday heard a verification report on the revised Law on Investment. They also provided opinions on the revised Law on Civil Aviation 2006.