New investment incentives
(Apr 15, 2015)
Unlike the 2005 Investment Law, the new Investment Law in 2014 includes
clearer details about business sectors that qualify for investment
incentives, such as: production of new materials, new energy, clean
energy, renewable energy.
How can foreign investors establish their commercial presence in Viet Nam? Foreign investors can do so with the help of
business corporation contracts, and by setting up foreign-invested
enterprises, branches or representative offices.
Foreign nationals working in Viet Nam can avail of several insurance
schemes, in which the participation of the enterprises they work for has
been made mandatory.
A new regulation on capital withdrawal,
share sale, trading and listing registration on the securities market
has been hailed as creating more favourable conditions for State-owned
On January 12, 2015, the government of Viet Nam issued Decree No
05/2015/ND-CP (Decree 05), providing for the rights and obligations of
employers and employees.
New regulations have been formulated for the transfer
of real-estate projects under a new "Law on Real-Estate Business,"
which will take effect from July 1.
Foreign investors can constitute their
commercial presence in Viet Nam in the form of business co-operation
contracts, foreign-invested enterprises and branches or representative
offices following current regulations.
nearly two years of drafting and stakeholder consultation, the
Vietnamese government has promulgated a unified legislation (Decree No
15/2015/ND-CP) that governs private-public-partnership (PPP) investment
projects (PPP Decree).
On January 12, 2015, the government promulgated Decree No 05/2015/ND-CP,
detailing the rules of labour discipline, which came into effect from
March 1, 2015.
The Ministry of Finance (MoF) issued Circular No
01/2015/TT-BTC ( January 5, 2015) guiding procedures for unlisted
public companies and delisted public companies to register to trade
securities on the Stock Exchange.
Foreign employees can reside in Viet Nam either temporarily or permanently, depending on certain conditions.