Foreign Investment

When doing business in Vietnam, foreign investors always query about the legal requirements on document retention, especially, retention of contracts.

Trade promotion in Vietnam is mainly governed by Commercial Law No. 36/2005/QH11 adopted by the National Assembly on 14 June 2005, and its supplements and revisions (“Commercial Law”) and its guiding documents, notably Decree No. 81/2018/ND-CP of the Government dated 22 May 2018 detailing the regulations of the Commercial Law on promotional programs as amended by Decree No. 17/2020/ND-CP dated 5 February 2020 (“Decree 81”).

On 24 July 2024 the Government issued Decree No. No.95/2024/ND-CP providing for the implementation of the 2023 Law on Housing (“Decree 95”).

On 3 July 2024 the Government issued Decree No. 80/2024/ND-CP providing for mechanisms for direct sale- purchase of renewable energy (“DPPA”) between generators and large power consumers (“Decree 80”).

Generally, under the laws of Vietnam, tax and other incentives are available for projects satisfying certain requirements.

As a general principle, for all contracts that are executed between and among local individuals and Vietnam - based entities, the application of the local law is required.

Vietnam is a country with fast economic development and in-depth integration into the world’s economy. Economic development leads to an increase of commercial transactions which also result in an increase of disputes.

A representative office (“RO”) is nornally a first step for foreign investment in Vietnam

A foreign- invested company may acquire land use rights (“LURs”) through one of the following ways

A company operating in Vietnam may enjoy the following tax incentives

Licensing Procedures

Direct investment is made through the following forms