Investment law treats foreign and domestic investors equally
The Investment Law was passed on November 29, 2005, by the XIth National Assembly at its 8th session and will take effect on July 1, 2006. It will create a uniform legal framework for investors of all economic sectors without any barriers or discrimination, demonstrating Vietnam’s significant commitments in the process of international economic integration, especially entry into the World Trade Organization. The law will also help raise investor autonomy and self-determination in investment and business.