Introduction
Over the last 30 years, Vietnam has transitioned from a command economy to one with strong market features. After Doi Moi 1986 (Renovation Policy) – a key aim of which was to open Vietnam to foreign investment), Vietnam has participated in a series of international organizations such as the ASEAN and the WTO. It also signed various FTAs. This has led to a new Vietnam in terms of opening the business environment.
As part of this continuing renovation, the Vietnamese Government has introduced amendments to crucial business laws. These include the promulgation of the 2020 Law on Investment and its guiding regulations.
This Vietnam Investment Guide is created with the aim to provide an overview of key legal issues that regularly emerge when foreign investors access Vietnam’s market, such as investment forms and market restrictions, from both a regulatory and practical viewpoint. We also provide a summary of incentives applicable to foreign investors and startups.
