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In recent years, Vietnam has seen a significant rise in outbound investment as local enterprises seek to expand their market presence, access new resources, and diversify operations. However, outbound investment remains a regulated activity requiring strict compliance with Vietnam’s legal framework. This article provides an overview of the 2025 procedures, process, and key legal notes that Vietnamese enterprises must consider when investing abroad.
Overview of Outbound Oversea Investment from Vietnam
Outbound investment refers to the transfer of capital from Vietnam to foreign markets to establish new business operations, acquire assets, or participate in overseas joint ventures. Under the Law on Investment 2020 and its guiding decrees, Vietnamese enterprises must obtain approval from competent authorities before proceeding with foreign investments.
As of 2025, the Ministry of Planning and Investment (MPI) continues to serve as the central authority overseeing outbound investment licensing, supported by the State Bank of Vietnam (SBV) in regulating foreign exchange and capital transfers.
Step-by-Step Procedures for Outbound Investment
The process for obtaining an outbound investment license in Vietnam involves several key steps:
- Preparation of an Investment Dossier: The investor must prepare a dossier including the project proposal, financial statements, and proof of legal capacity.
- Submission for Licensing: The dossier is submitted to the MPI for appraisal. For projects valued at USD 20 million or more, the Prime Minister’s approval is required.
- Issuance of Outbound Investment Registration Certificate (OIRC): If approved, the investor receives the OIRC, which authorizes the transfer of capital abroad.
- Foreign Exchange Registration: Investors must register capital transfers with the SBV to ensure compliance with currency control regulations.
- Project Implementation and Reporting: Investors must regularly report investment progress and financial outcomes to the MPI and other relevant agencies.
Key Legal Notes for Vietnamese Enterprises
Several legal aspects should be carefully considered before conducting outbound investment:
- Investment Restrictions: Certain sectors (e.g., defense, security, or sensitive technologies) may be prohibited or require higher-level approval.
- Capital Source Requirements: Enterprises must ensure that the capital used for investment is legally derived and does not violate domestic borrowing limits.
- Tax Obligations: Investors are responsible for fulfilling tax duties in both Vietnam and the host country under applicable double taxation agreements.
- Reporting Compliance: Failure to submit periodic reports or to repatriate profits as required by law can result in administrative sanctions or suspension of the investment certificate.
Trends and Outlook for 2025
In 2025, the Vietnamese government is expected to streamline oversea investment procedures through digital submission systems and clearer coordination between the MPI and SBV. Key destinations for Vietnamese outbound capital include Laos, Cambodia, Singapore, and Australia, focusing on energy, agriculture, and real estate.
Outbound investment is becoming an increasingly strategic tool for Vietnamese enterprises to enhance competitiveness and international integration. Understanding and complying with the legal framework is essential to ensure sustainable success abroad.
ASL Law is a leading full-service and independent Vietnamese law firm made up of experienced and talented lawyers. ASL Law is ranked as the top tier Law Firm in Vietnam by Legal500, Asia Law, WTR, and Asia Business Law Journal. Based in both Hanoi and Ho Chi Minh City in Vietnam, the firm’s main purpose is to provide the most practical, efficient and lawful advice to its domestic and international clients. If we can be of assistance, please email to [email protected].
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