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Official Gazette

Monday, September 16, 2019
Tags: sectors and trades
Sectors and trades subject to market access conditions proposed Sectors and trades subject to market access conditions proposed
A list of sectors and trades in which foreign investors are subject to market access conditions has been added to the latest draft Law revising the Investment Law and Enterprise Law, prepared by the Ministry of Planning and Investment.
Luật đầu tư – Law on Investment (Law in 2014 Amended and Supplemented in 2016 2017) 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.
Official Gazette issues Nos 1-4 December 2016 introduced on March 8 2017 Official Gazette issues Nos 1-4 December 2016, introduced on March 8, 2017
Government sets conditions for debt trading Government sets conditions for debt trading
Coming into force on July 1, Government Decree No. 69/2016/ND-CP prescribing conditions for provision of debt sale and purchase services (the Decree), is expected to clear up hurdles that have been existed long in the debt trading business.
Vietnams legal framework on e-commerce: some inadequacies and solutions Vietnam’s legal framework on e-commerce: some inadequacies and solutions
The development of the Internet and its universal use have paved the way for the growth of online business activities and brought about huge benefits to business entities. When participating in e-commerce, entities must comply with not only direct regulations on e-commerce but also relevant investment, commerce and civil laws. Therefore, the building and completion of a legal framework on e-commerce has become imperative.
Proposed changes to investment law mostly concern foreign investors Proposed changes to investment law mostly concern foreign investors
The Government Office, the Ministry of Planning and Investment (MPI) and the Vietnam Chamber of Commerce and Industry (VCCI) last month jointly held a seminar in Hanoi to discuss a draft law revising a dozen of laws on business and investment.
Government vows to support businesses Government vows to support businesses
The State will pursue the policy of serving enterprises and creating favorable conditions for their investment and business activities in the formulation, issuance and implementation of laws and regulations concerning enterprises.
Supporting industry businesses might get easier access to loans Supporting industry businesses might get easier access to loans
A small- or medium-sized enterprise having a project to manufacture supporting industry products prioritized for development may borrow a loan equaling up to 70 percent of its investment project’s capital level.
Economic renewal high on Party agenda Economic renewal high on Party agenda
Economic growth is the core of economic development. Renewal of the growth model and economic restructuring have been high on the Party’s agenda since its 11th Congress.
Detailed rules on investment conditions and procedures Detailed rules on investment conditions and procedures
The long-awaited decree detailing the implementation of the 2014 Investment Law was finally issued last month with clear regulations on investment conditions and procedures, especially those applicable to foreign investors.

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