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.
National Assembly passes seven laws during fifth session
After three weeks of sitting, the 14th National Assembly completed its working agenda of the fifth session, voting to pass seven laws to continue the institutionalization of the 2013 Constitution, improve the legal system on economic development, human rights, and basic rights and obligations of citizens, and ensure national defense and security.
Forestry Law to boost sustainable forest economy
Composed of 108 articles arranged in 12 chapters, the Law on Forestry (the Law), which was passed in November last year, regulates the management, protection, development and exploitation of forests, along with the processing and trade of forest products.