Law on Foreign Investment in Vietnam

E149157

The Law on Foreign Investment in Vietnam is a foundational statute enacted in the late 1980s that opened Vietnam’s economy to foreign capital, providing the legal basis for foreign-owned and joint-venture enterprises during the country’s transition to a market-oriented system.

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Label Occurrences
Law on Foreign Investment in Vietnam canonical 1

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Statements (48)

Predicate Object
instanceOf Vietnamese statute
foreign investment law
administeredBy Vietnamese state management agencies on foreign investment
aimedAt creating employment through foreign-invested projects
encouraging technology transfer through foreign investment
integrating Vietnam into the global economy
appliesTo enterprises with foreign-owned capital established in Vietnam
foreign investors investing capital in Vietnam
joint-venture enterprises between foreign and Vietnamese parties
approximateEnactmentPeriod late 1980s
context Đổi Mới economic reforms in Vietnam
country Viet Nam
surface form: Vietnam
economicOrientation market-oriented reforms
enactedInDecade 1980s
historicalSignificance first comprehensive legal framework for foreign investment in Vietnam’s reform era
key component of Vietnam’s transition from a centrally planned to a market-oriented economy
marked the beginning of large-scale foreign direct investment inflows into Vietnam
impact contributed to growth of foreign-invested sector in Vietnam’s economy
helped diversify Vietnam’s sources of external finance beyond aid and loans
influencedBy Vietnam’s need for capital, technology, and management expertise
jurisdiction Viet Nam
surface form: Socialist Republic of Vietnam
languageOfDocument Vietnamese
legalSystem socialist-oriented market economy legal system
policyOrientation encouragement of foreign investment consistent with national sovereignty and security
state management and control over key sectors while opening to foreign capital
providesFor establishment of foreign-owned enterprises in Vietnam
establishment of joint-venture enterprises between foreign and Vietnamese partners
forms of foreign direct investment
guarantees against nationalization or expropriation under certain conditions
land use rights for foreign-invested projects through leases or cooperation with Vietnamese entities
profit remittance abroad subject to Vietnamese law
rights and obligations of foreign investors
tax incentives for qualifying foreign investment projects
purpose to attract foreign direct investment
to open Vietnam’s economy to foreign capital
to promote economic development and modernization
to provide a legal framework for foreign investors
regulates business cooperation contracts between foreign and Vietnamese parties
foreign direct investment in Vietnam
foreign-owned enterprises in Vietnam
investment licensing procedures for foreign investors
joint-venture enterprises with foreign capital in Vietnam
relatedTo subsequent amendments and replacement by later investment laws in Vietnam
Đổi Mới policy of 1986 in Vietnam
subjectMatter conditions for foreign investors to invest in Vietnam
dispute settlement mechanisms for foreign investment disputes
investment incentives and guarantees for foreign investors
sectors open or restricted to foreign investment

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Đổi Mới economic reforms legalFramework Law on Foreign Investment in Vietnam