Vietnam Business Law is a website managed by lawyers of Venture North Law Limited (VNLaw). Venture North Law Limited (VNLaw) is a Vietnamese commercial law firm. We won the Rising Law Firm of the Year Award at the Southeast Asia Law Awards for the years 2020 and 2021 held by The Legal 500. Very few Vietnamese law firms have achieved a similar regional recognition.
Posted in: Inward Investment
The National Assembly of Vietnam passed a new Investment Law on 17 June 2020 which will become effective on 1 January 2021 (LOI 2020) and replace the current Investment Law 2014 (LOI 2014). In this briefing, we briefly discuss some new key points of LOI 2020.
This briefing is written by Ha Thi Dung and edited by Nguyen Quang Vu with the research assistance of Tran Kim Chi.
Please download our write up here.
On 6 April 2020, the Prime Minister issued a new Decision (Decision 13/2020) to replace Decision 11 dated 11 April 2017 on incentives for the development of solar power projects in Vietnam (Decision 11/2017), which expired 10 months ago. The summaries of certain key issues of this new Decision are here.
This post is written by Le Thanh Nhat and Nguyen Thuc Anh.
The full text of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership Agreement (CPTPP) and the Free Trade Agreement between Vietnam and European Union (EVFTA) have been made available for public information. The table below tries to compare the existing commitments of Vietnam under WTO Agreement, CPTPP and EVFTA Agreement in Financial Services. The comparison is done by Tran Thuy Tien, and Nguyen Bich Ngoc.
Notes:
The full text of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership Agreement (CPTPP) and the Free Trade Agreement between Vietnam and European Union (EVFTA) have been made available for public information. Please download here a table comparing the existing commitments of Vietnam under WTO Agreement, CPTPP and EVFTA Agreement for certain service sectors. The comparison is done by Tran Thuy Tien, Nguyen Thuc Anh and Le Minh Thuy.
Notes:
Vietnam’s specific commitments are contained in two Annexes (Annex I and Annex II) of Chapter 9 of the CPTPP and Chapter 8 and Annex 8-B of the EVFTA Agreement. The list below covers specific commitments in specific sectors or sub-sectors. But there are commitments which apply to all sectors and are not listed in here.
CPC codes are as used in the Provisional Central Product Classification.
No limitation means no limits on national treatments in terms of Foreign ownership, forms of investment or other restriction.
Branching is generally not allowed unless otherwise indicated.