Under Article 23 of the Investment Law 2014, economic organisation with foreign investment capital (including 51% Top-Level Foreign EOs And 51% Low-Level Foreign EO/ Domestic) (collectively, “Foreign-Controlled Companies”), except for  investment in securities, credit institutions, insurance business and oil and gas will be subject to the investment procedures and conditions applicable to foreign investors when(i) setting up a new enterprise; (ii) acquiring shares in existing private enterprises and (iii) entering into a Business Operation Contract.

It is now possible to conduct a company search regarding foreign-invested companies in Vietnam via the website: http://fdi.dkkd.gov.vn/. Any interested person can search information about a foreign-invested enterprise incorporated under investment laws based on company’s name, investment licence’s number or name of the legal representative. The information available includes date of incorporation, name and address of the company, business lines, capital structures and details of the legal representative of the company.

The Ministry of Planning and Investment (MPI) issued Official Letter 5122 on 24 July 2015 (OL 5122) to provide further temporary guidance for the implementation of Investment Law 2014. In particular,