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On October 15, 2024, the Vietnamese Government issued Decree No. 132/2024/ND-CP, prescribing regulations for offshore investments in oil and gas activities. This comprehensive decree provides a legal framework for investors seeking to engage in overseas oil and gas exploration, production, and related operations, ensuring alignment with both Vietnamese laws and the laws of host countries….
11
Nov
Nov
Vietnam’s Investment Law 2020 provides comprehensive guidelines regarding the adjustment of Overseas Investment Registration Certificates, particularly concerning changes in investment capital sources. This regulatory framework ensures proper oversight of overseas investments while maintaining transparent procedures for investors. Mandatory Adjustment Requirements According to Article 63 of the Investment Law 2020, investors must adjust their Certificate of…
12
Nov
Nov
Vietnam has introduced significant new regulations governing the selection of investors for land-using projects through Government Decree 115/2024/ND-CP, which provides detailed guidelines for implementing the Bidding Law. Scope of Application The new decree mandates bidding procedures for several categories of land-using projects, including: Specialized Projects Subject to Bidding The decree specifically identifies various specialized projects…
19
Aug
Aug
Foreign Direct Investment (FDI) continues to be a crucial driver of Vietnam’s economic growth. As of 2024, several countries have significantly increased their investments in Vietnam, contributing to the country’s vibrant economic landscape. In this article, ASL LAW will highlight the top 5 countries with the most substantial FDI investments in Vietnam this year. 1….
21
Aug
Aug
As of June 20, 2024, Vietnam has witnessed significant growth in foreign investment, with total newly registered capital, adjustments, and capital contributions by foreign investors reaching over $18 billion. This marks an impressive increase of 10.9% compared to the same period in 2023. Foreign investors have shown strong interest in new projects, with 1,816 projects…
25
Aug
Aug
The Ministry of Planning and Investment (MPI) has recently unveiled a proposal for a new law focused on industrial parks, aiming to foster the development of large ecological industrial parks (EIPs) and attract high-quality investments. This initiative is part of Vietnam’s broader goals of industrialization, modernization, green infrastructure, digitization, and embracing a circular economy. Key…
28
Jul
Jul
Vietnamese investors looking to expand their operations internationally must navigate a defined legal framework to obtain the necessary approvals for outward investment. This article outlines the procedure for obtaining a Certificate of Registration for outward investment under the Investment Law 2014 and details the circumstances under which an outward investment project may be terminated. Procedure…
29
Jul
Jul
In the context of globalization, Vietnamese investors are increasingly looking beyond domestic borders for investment opportunities. Understanding the legal framework for outward foreign investment is crucial for compliance and strategic planning. This article delves into the sources of capital included in outward foreign investment, the conditions under which investors can transfer capital abroad, and the…
07
Jul
Jul
According to the latest report from the Foreign Investment Agency (under the Ministry of Planning and Investment), as of June 20, 2024, Vietnam has seen a notable increase in foreign investment. The total newly registered capital, adjusted capital, and capital contribution through share purchases by foreign investors have reached nearly USD 15.2 billion, marking a…
30
Jun
Jun
On the morning of June 25th, the National Assembly passed a Resolution approving the accession documents of the United Kingdom of Great Britain and Northern Ireland to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Originally signed in 2018, the CPTPP came into effect for Vietnam in early 2019. This agreement includes 11 member…
