Luật đầu tư – Law on Investment (Law in 2014, Amended and Supplemented in 2016, 2017)
The Law on Investment was passed on November 26th, 2014, by the XIIIth National Assembly of the Socialist Republic of Vietnam at its eight section and took effect on July 1st, 2015, replacing the Law on Investment in 2005. This Law further improves mechanism and policies to create an equal, favorable and more transparent investment environment in order to attract more domestic and foreign investment.
After more than one year of implementation, a number of branches and trades specified in Appendix 4 on the List of sectors and trades subject to conditional business investment of the Law on Investment in 2014 are no longer suitable due to their failure to meet the criteria and the target of attracting investment. In order to improve the Law on Investment in 2014, on November 22nd, 2016, the XIVth National Assembly, at its third session, passed the Law on support for small – and medium-sized enterprises, which has content amending and supplementing the Law on Investment.