Highlight15 · 01 · 20263 min readVietnamese
Highlight 12/2025 No.01
On December 11, 2025, at its 10th session, the 15th National Assembly of the Socialist Republic of Vietnam passed Law No. 143/2025/QH1 on Investment (Law on Investment 2025). Compared to Law No. 61/2020/QH14 on…
Trần Ninh Hà
Managing Partner · Investment & FDI lead
COMPARISON TABLE OF NOTABLE NEW POINTS OF INVESTMENT LAW NO. 143/2025/QH15 COMPARED TO THE PAST INVESTMENT LAW NO. 61/2020/QH14
On December 11, 2025, at its 10th session, the 15th National Assembly of the Socialist Republic of Vietnam passed Law No. 143/2025/QH1 on Investment (Law on Investment 2025). Compared to Law No. 61/2020/QH14 on Investment dated June 17, 2020 (Law on Investment 2020), Law on Investment 2025 has amended, supplemented, and repealed many outdated provisions. This article will create a summary table comparing some notable new points of Law on Investment 2025 with Law on Investment 2020 (the latest amendments and supplements are updated up to the time before Law on Investment 2025 was passed):
| No. | INVESTMENT LAW 2020 | INVESTMENT LAW 2025 | NEW PROVISIONS |
|---|---|---|---|
| 1 | Article 3. Definitions In this Law, the following terms are understood as follows: … 9. Investment and business conditions are the conditions that individuals and organizations must meet when carrying out investment and business activities in industries or professions subject to conditional investment and business regulations. … | Article 3. Definitions In this Law, the following terms are understood as follows: … 9. Investment and business conditions are the conditions that organizations and individuals must meet when carrying out investment and business activities in conditional investment and business sectors, excluding technical standards and regulations issued by competent authorities regarding product and service quality. … | Add the phrase "excluding technical standards and regulations issued by competent authorities on product and service quality" to Clause 9 of Article 3. |
| 2 | Article 7. Conditional investment and business sectors 1. Conditional investment and business sectors are those in which investment and business activities must meet necessary conditions for reasons of national defense, national security, social order and safety, social morality, and public health. 2. The list of conditional investment and business sectors and professions is stipulated in Appendix IV of this Law. … | Article 7. Conditional investment and business sectors 1. Conditional investment and business sectors are those operating within the territory of Vietnam where investment and business activities must meet necessary conditions for reasons of national defense, national security, social order and safety, social morality, and public health. The list of conditional investment and business sectors and professions is stipulated in Appendix IV issued together with this Law. The government has published a list of conditional investment and business sectors requiring licensing and certification before commencing investment and business activities, and a list of conditional investment and business sectors requiring a shift in the management method from licensing and certification to publishing business requirements and conditions for post-inspection management. … | - Move the content "List of conditional investment and business sectors and professions as stipulated in Appendix IV issued with this Law" from Clause 2 to Clause 1 of Article 7. - Add the following content to Clause 1, Article 7: "The Government shall publish the List of conditional investment and business sectors and professions that require licensing and certification before conducting investment and business activities, and the List of conditional investment and business sectors and professions that require a change in the method of managing business conditions from licensing and certification to publishing requirements and conditions for post-inspection management." |
| 3 | Article 8. Amendments and additions to the list of prohibited investment and business sectors, the list of conditional investment and business sectors, and investment and business conditions. 1. Based on socio-economic conditions and state management requirements in each period, the Government shall review the sectors and professions prohibited from investment and business, the List of sectors and professions subject to conditional investment and business, and submit to the National Assembly for amendment and supplementation of Articles 6, 7 and the Appendices of this Law according to the simplified procedures. 2. Amendments and additions to conditional investment and business sectors or investment and business conditions must comply with the provisions of Clauses 1, 3, 4, 5 and 6 of Article 7 of this Law. | Article 7. Conditional investment and business sectors … 6. Amendments and additions to conditional investment and business sectors: a) Based on socio-economic conditions and state management requirements in each period, the Government shall review the List of conditional investment and business sectors and professions in Appendix IV and submit to the National Assembly for amendment and supplementation of this Article and Appendix IV of this Law; b) Amendments and additions to conditional investment and business sectors or investment and business conditions must comply with the provisions of this Article. … | Transfer the content of Article 8 of the 2020 Investment Law to Clause 6 of Article 7 of the 2025 Investment Law. |
| 4 | Article 15. Forms and subjects of investment incentives … 2. The entities eligible for investment incentives include: a) Investment projects belonging to industries and professions eligible for investment incentives as stipulated in Clause 1, Article 16 of this Law; b) Investment projects in areas eligible for investment incentives as stipulated in Clause 2, Article 16 of this Law; c) Investment projects with a capital scale of VND 6,000 billion or more, with a minimum disbursement of VND 6,000 billion within 3 years from the date of issuance of the Investment Registration Certificate or approval of the investment policy, and simultaneously meeting one of the following criteria: having total revenue of at least VND 10,000 billion per year within a maximum of 3 years from the year of revenue generation or employing more than 3,000 workers; d) Investment projects for the construction of social housing; investment projects in rural areas employing 500 or more workers; investment projects employing people with disabilities as defined by the law on people with disabilities; d) High-tech enterprises, science and technology enterprises, science and technology organizations; projects involving technology transfer included in the List of Technologies Encouraged for Transfer as prescribed by the law on technology transfer; technology incubation centers, science and technology enterprise incubation centers as prescribed by the law on high technology, the law on science and technology; enterprises producing and supplying technology, equipment, products and services serving environmental protection requirements as prescribed by the law on environmental protection; e) Investment projects for innovative startups, innovation centers, and research and development centers; g) Investing in and operating product distribution chains for small and medium-sized enterprises (SMEs); investing in and operating technical facilities to support SMEs, and SME incubation centers; investing in and operating co-working spaces to support innovative start-up SMEs in accordance with the law on supporting SMEs. | Article 14. Investment incentives and investment support 1. The entities eligible for investment incentives include: a) Investment projects belonging to industries and professions eligible for investment incentives as stipulated in Article 15 of this Law; b) Investment projects in areas eligible for investment incentives as stipulated in Article 15 of this Law; c) Investment projects with large capital scale, investment projects that employ a large workforce, or key national investment projects that are consistent with the socio-economic development orientation in each period as prescribed by the Government. … | - The content of Clause 2, Article 15 of the 2020 Investment Law is transferred to Clause 1, Article 14 of the 2025 Investment Law. - Remove all content at points c, d, e, f, g of Clause 2, Article 15 of the 2020 Investment Law and replace them with Point c, Clause 1, Article 14 of the 2025 Investment Law. |
| 5 | Article 15. Forms and subjects of investment incentives 1. Investment incentives include: a) Corporate income tax incentives, including applying a corporate income tax rate lower than the normal rate for a limited period or for the entire duration of the investment project; tax exemptions, tax reductions, and other incentives as prescribed by the law on corporate income tax; b) Exemption from import duties for goods imported to create fixed assets; raw materials, supplies, and components imported for production in accordance with the law on export and import taxes; c) Exemption from or reduction of land use fees, land rent, and land use tax; d) Accelerated depreciation increases the amount of deductible expenses when calculating taxable income. | Article 14. Investment incentives and investment support … 2. Investment incentives include: a) Corporate income tax incentives, including applying a corporate income tax rate lower than the normal rate for a limited period or for the entire duration of the investment project; tax exemptions, tax reductions, and other incentives as prescribed by the law on corporate income tax; b) Exemption from import duties for goods imported to create fixed assets; raw materials, supplies, and components imported for production in accordance with the law on export and import taxes; c) Exemption from or reduction of land use fees, land rent, and land use tax; d) Accelerated depreciation increases the amount of deductible expenses when calculating taxable income; d) Other forms of investment incentives as prescribed by the Government. | - The content of Clause 1, Article 15 of the 2020 Investment Law has been transferred to Clause 2, Article 14 of the 2025 Investment Law. - Add point d to clause 2, Article 14 of the 2025 Investment Law. |
| 6 | Article 18. Forms of investment support 1. Forms of investment support include: a) Support the development of technical and social infrastructure systems inside and outside the boundaries of investment projects; b) Support for training and human resource development; c) Credit support; d) Support in accessing production and business premises; support for production and business establishments to relocate according to decisions of state agencies; d) Support for science, technology, and technology transfer; e) Support market development and provide information; g) Support for research and development. 2. Based on the socio-economic development orientation and the ability to balance the state budget in each period, the Government shall specify in detail the forms of investment support stipulated in Clause 1 of this Article for high-tech enterprises, science and technology enterprises, science and technology organizations, enterprises investing in agriculture and rural areas, enterprises investing in education, legal dissemination, and other entities. | Article 14. Investment incentives and investment support … 3. Forms of investment support include: a) Support the development of technical and social infrastructure systems inside and outside the boundaries of investment projects; b) Support for training and human resource development; c) Credit support; d) Support in accessing production and business premises; support for production and business establishments to relocate according to decisions of competent state agencies; d) Support for science, technology, and technology transfer; e) Support market development and provide information; g) Support for research and development; h) Supporting green transition, emission reduction, climate change adaptation, and digital transformation; i) Other forms of investment support as prescribed by the Government. 4. Based on the socio-economic development orientation and the state budget balance capacity in each period, the Government shall specify in detail the forms of investment support stipulated in Clause 3 of this Article for high-tech enterprises, science and technology enterprises, science and technology organizations, enterprises investing in agriculture and rural areas, enterprises investing in education and health, legal dissemination, enterprises directly serving national defense and security, and other entities. | - The content of Article 18 of the 2020 Investment Law has been transferred to Clauses 3 and 4 of Article 14 of the 2025 Investment Law. - Add points h and i to Clause 3, Article 14 of the 2025 Investment Law. |
| 7 | Article 15. Forms and subjects of investment incentives … 3. Investment incentives apply to new investment projects and expansion investment projects. 4. The specific incentive levels for each type of investment incentive are applied according to the provisions of the law on taxation, accounting, and land. 5. Investment incentives stipulated in points b, c, and d of Clause 2 of this Article do not apply to the following investment projects: a) Mineral exploitation investment projects; b) Investment projects for the production and business of goods and services subject to excise tax as prescribed by the Law on Excise Tax, excluding projects for the production of automobiles, aircraft, and yachts; c) Investment projects for the construction of commercial housing in accordance with the law on housing. 6. Investment incentives are applied for a limited period and based on the investor's project performance. Investors must meet the eligibility requirements for incentives as stipulated by law during the incentive period. 7. Investment projects that meet the conditions for enjoying different levels of investment incentives, including those stipulated in Article 20 of this Law, shall be applied the highest level of investment incentive. 8. The Government shall provide detailed regulations for this Article. | Article 14. Investment incentives and investment support … 5. Investment incentives apply to new investment projects and expansion investment projects. 6. The specific incentive levels for each type of investment incentive are applied according to the provisions of the law on taxation, accounting, and land. 7. The investment incentives stipulated in point b, clause 1 of this Article do not apply to the following investment projects: a) Investment projects for mineral exploitation in accordance with the law on geology and minerals; b) Investment projects for the production and business of goods and services subject to excise tax as prescribed by the Law on Excise Tax, excluding projects for the production of automobiles, aircraft, and yachts; c) Investment projects for the construction of commercial housing in accordance with the law on housing. 8. Investment incentives are applied for a limited period and based on the investor's project performance. Investors must meet the eligibility requirements for incentives as stipulated by law during the incentive period. 9. Investment projects that meet the conditions for enjoying different levels of investment incentives, including those stipulated in Article 17 of this Law, shall be applied the highest level of investment incentive. 10. The Government shall provide detailed regulations for this Article. | The content of Clauses 3, 4, 5, 6, 7, and 8 of Article 15 of the 2020 Investment Law is transferred to Clauses 5, 6, 7, 8, 9, and 10 of Article 14 of the 2025 Investment Law. |
| 8 | Article 16. Investment-incentive sectors and geographical areas. 1. Investment-incentive sectors and professions include: a) High-tech activities, high-tech supporting industrial products, research and development activities, and production of products resulting from scientific and technological achievements as stipulated by the law on science, technology, and innovation; investment in the construction of large data center infrastructure, cloud computing infrastructure, mobile infrastructure from 5G and above, and other digital infrastructure in strategic technology fields as decided by the Prime Minister; investment in strategic technology fields and production of strategic technology products as decided by the Prime Minister; investment in innovation and digital transformation as stipulated by the law on science, technology, and innovation; a1) Training human resources in the fields of science, technology, innovation, and digital transformation; b) Production of new materials, new energy, clean energy, renewable energy; production of products with added value of 30% or more, and energy-saving products; c) Manufacturing of electronic products, key mechanical products, agricultural machinery, automobiles, automobile parts; shipbuilding; d) Manufacturing products included in the List of Priority Industrial Support Products; d) Producing digital technology products and providing digital technology services; e) Cultivating and processing agricultural, forestry, and aquatic products; planting and protecting forests; salt production; exploiting marine resources and providing logistics services for the fishing industry; producing plant and animal breeds, and biotechnology products; g) Collecting, treating, recycling, or reusing waste; developing, storing, and restoring water resources; h) Investing in the development, operation, and management of infrastructure projects; developing public passenger transport in urban areas; railway transport business; railway industry and training railway human resources; i) Preschool education, general education, vocational education, higher education; k) Medical examination and treatment; production of medicines, pharmaceutical raw materials, and drug preservation; scientific research on pharmaceutical technology and biotechnology for the production of new drugs; production of medical equipment; l) Investing in training and competition facilities for physical education and sports for people with disabilities or professionals; protecting and promoting the value of cultural heritage; m) Investing in centers for geriatrics, psychiatry, and treatment of patients affected by Agent Orange; centers for the care of the elderly, people with disabilities, orphans, and homeless children; n) People's credit funds, microfinance institutions; o) Producing goods and providing services that create or participate in value chains and industry clusters. 2. Investment incentive areas include: a) Areas with difficult socio-economic conditions, areas with particularly difficult socio-economic conditions; b) Industrial parks, export processing zones, high-tech zones, concentrated digital technology zones, economic zones. 3. Based on the investment-incentive sectors, occupations, and geographical areas specified in Clauses 1 and 2 of this Article, the Government shall issue, amend, and supplement the List of Investment-Incentive Sectors and Occupations and the List of Investment-Incentive Geographical Areas; and identify sectors and occupations with special investment incentives within the List of Investment-Incentive Sectors and Occupations. | Article 15. Investment-incentive sectors and geographical areas. 1. Investment-incentive sectors and professions are those prioritized for attracting investment to achieve the following objectives: a) Developing science, technology, innovation, digital transformation, the digital technology industry, and the semiconductor industry; b) Developing a green economy, circular economy, sharing economy, digital economy, and new economic models; c) Develop industry clusters and value chains, attract investment in modern management, high added value, with spillover effects, and connect global production and supply chains; d) Developing renewable energy, new energy, and clean energy; ensuring national energy security; d) Developing agriculture and forestry; protecting the environment, natural resources, and marine economy; e) Construction and development of infrastructure; g) Developing careers in education, training, healthcare, high-performance sports, and national culture; h) Developing key chemical industries, key mechanical industries, and supporting industries; developing the pharmaceutical industry; i) To achieve other objectives as prescribed by the Government. 2. Investment incentive areas include: a) Areas with difficult socio-economic conditions, areas with particularly difficult socio-economic conditions; b) Industrial parks, industrial clusters, export processing zones, high-tech zones, high-tech agricultural zones, concentrated digital technology zones, free trade zones, international financial centers, economic zones. 3. Based on the investment-incentive sectors, occupations, and geographical areas specified in Clauses 1 and 2 of this Article, the Government shall issue, amend, and supplement the List of Investment-Incentive Sectors and Occupations and the List of Investment-Incentive Geographical Areas; and identify sectors and occupations with special investment incentives within the List of Investment-Incentive Sectors and Occupations. | - The content of Clause 1, Article 16 of the 2020 Investment Law is replaced by the content of Clause 1, Article 15 of the 2025 Investment Law. - The content of Clause 2, Article 16 of the 2020 Investment Law is supplemented in Clause 2, Article 15 of the 2025 Investment Law. |
| 9 | Article 18a. Investment Support Fund 1. The government establishes an Investment Support Fund from supplementary corporate income tax revenue as stipulated in the global tax base erosion prevention regulations and other legitimate sources to stabilize the investment environment, encourage and attract strategic investors and multinational corporations, and support domestic businesses in certain sectors requiring investment incentives. … | Article 16. Investment Support Fund 1. The government established an Investment Support Fund to stabilize the investment environment, encourage and attract strategic investors and multinational corporations, and support domestic businesses in certain sectors requiring investment incentives. … | The content of Clause 1, Article 18a of the 2020 Investment Law is amended to the content of Clause 1, Article 16 of the 2025 Investment Law. |
| 10 | Article 20. Special investment incentives and support … 2. The subjects eligible for special investment incentives and support as stipulated in Clause 1 of this Article include: a) Investment projects for the establishment of new (including the expansion of such projects) innovation centers, research and development centers; investment projects for the construction of large data center infrastructure, cloud computing infrastructure, 5G and above mobile infrastructure, and other digital infrastructure in strategic technology fields as decided by the Prime Minister; investment projects in strategic technology fields and the production of strategic technology products as decided by the Prime Minister with a total investment capital of VND 3,000 billion or more, with a minimum disbursement of VND 1,000 billion within 3 years from the date of issuance of the Investment Registration Certificate or approval of the investment policy; national innovation centers established by decision of the Prime Minister; a1) Investment projects for the production of key digital technology products, research and development projects, design, production, packaging, and testing of semiconductor chips, and projects for the construction of artificial intelligence data centers in accordance with the law on digital technology industry, meeting the total investment capital scale of VND 6,000 billion or more, with a minimum disbursement of VND 6,000 billion within 05 years from the date of issuance of the Investment Registration Certificate or approval of the investment policy; b) Investment projects (including new investment projects and expansion projects) in sectors and professions with special investment incentives, with an investment capital of VND 30,000 billion or more, must disburse at least VND 10,000 billion within 3 years from the date of issuance of the Investment Registration Certificate or approval of the investment policy. … | Article 17. Special investment incentives and support … 2. The subjects eligible for special investment incentives and support as stipulated in Clause 1 of this Article include: a) Investment projects for the establishment of new (including the expansion of such projects) innovation centers, research and development centers; investment projects for the construction of large data center infrastructure, cloud computing infrastructure, 5G and above mobile infrastructure, and other digital infrastructure in strategic technology fields as decided by the Prime Minister; investment projects in strategic technology fields and the production of strategic technology products as decided by the Prime Minister, with investment capital scale and disbursement deadlines as prescribed by the Government; national innovation centers established by decisions of the Prime Minister; b) Investment projects for the production of key digital technology products, research and development projects, design, production, packaging, and testing of semiconductor chips, and projects for the construction of artificial intelligence data centers in accordance with the law on the digital technology industry, with investment capital scale and disbursement deadlines as prescribed by the Government; c) Other investment projects (including new investment projects and expansion investment projects) in sectors and professions with special investment incentives, with investment capital scale and disbursement period as prescribed by the Government. …. | The content of Clause 2, Article 20 of the 2020 Investment Law is amended to the content of Clause 2, Article 17 of the 2025 Investment Law. |
| 11 | Article 22. Investment in establishing economic organizations 1. Investors establish economic organizations in accordance with the following regulations: a) Domestic investors establish economic organizations in accordance with the law on enterprises and the relevant laws for each type of economic organization; b) Foreign investors establishing economic organizations must meet the market access conditions for foreign investors as stipulated in Article 9 of this Law; c) Before establishing an economic organization, foreign investors must have an investment project and complete the procedures for granting or amending the Investment Registration Certificate, except in the case of establishing innovative start-up small and medium-sized enterprises and innovative start-up investment funds as prescribed by the law on supporting small and medium-sized enterprises; d) Foreign investors must establish an economic organization to implement the investment project before carrying out the procedures for granting or adjusting the Investment Registration Certificate for investment projects establishing new innovation centers, research and development centers, investment projects building large data center infrastructure, cloud computing infrastructure, mobile infrastructure from 5G onwards and other digital infrastructure in strategic technology fields as decided by the Prime Minister, investment projects in strategic technology fields, and production of strategic technology products as decided by the Prime Minister. 2. From the date of issuance of the Business Registration Certificate or other legally equivalent documents, the economic organization established by the foreign investor is the investor implementing the investment project as stipulated in the Investment Registration Certificate. | Article 19. Investment in establishing economic organizations 1. Domestic investors establish economic organizations in accordance with the law on enterprises and the relevant laws for each type of economic organization. 2. Foreign investors may establish economic organizations to implement investment projects before carrying out procedures for granting or amending Investment Registration Certificates and must meet the market access conditions for foreign investors as stipulated in Article 8 of this Law when carrying out the procedures for establishing economic organizations. 3. The Government shall provide detailed regulations for this Article. | The content of Article 22 of the 2020 Investment Law has been amended to become the content of Article 19 of the 2025 Investment Law. |
| 12 | Article 25. Forms of capital contribution, share purchase, and equity purchase. 1. Investors may contribute capital to economic organizations in the following forms: a) Purchasing shares issued in an initial public offering or additional shares issued by a joint-stock company; b) Contributing capital to a limited liability company or a partnership; c) Contributing capital to other economic organizations not falling under the cases specified in points a and b of this clause. 2. Investors may purchase shares or capital contributions of economic organizations in the following forms: a) Purchase shares of a joint-stock company from the company or its shareholders; b) Purchasing the capital contribution of a member of a limited liability company to become a member of the limited liability company; c) Purchase the capital contribution of a contributing member in a partnership company to become a contributing member of the partnership company; d) Purchasing capital contributions from members of other economic organizations not falling under the cases specified in points a, b and c of this clause. Article 26. Procedures for investment in the form of capital contribution, share purchase, and equity purchase. 1. Investors contributing capital, purchasing shares, or acquiring capital contributions of economic organizations must meet the conditions and follow the procedures for changing members and shareholders as prescribed by law for each type of economic organization. 2. Foreign investors must register their capital contribution, share purchase, or acquisition of capital contributions in an economic organization before any change in members or shareholders if they fall under one of the following cases: a) Contributing capital, purchasing shares, or acquiring equity stakes that increase the ownership percentage of foreign investors in economic organizations operating in sectors or professions subject to conditional market access for foreign investors; b) Capital contributions, share purchases, or equity purchases resulting in foreign investors or economic organizations specified in points a, b, and c of Clause 1, Article 23 of this Law holding more than 50% of the charter capital of an economic organization in the following cases: increasing the percentage of charter capital ownership by foreign investors from less than or equal to 50% to more than 50%; increasing the percentage of charter capital ownership by foreign investors when foreign investors already own more than 50% of the charter capital in an economic organization; c) Foreign investors contributing capital, purchasing shares, or acquiring capital contributions in economic organizations holding land use right certificates in islands and border communes, wards, and towns; coastal communes, wards, and towns; and other areas affecting national defense and security. 3. Investors not falling under the cases specified in Clause 2 of this Article shall follow the procedures for changing shareholders and members as prescribed by relevant laws when contributing capital, purchasing shares, or purchasing capital contributions of economic organizations. If there is a need to register the capital contribution, purchase of shares, or purchase of capital contributions of an economic organization, the investor shall follow the provisions of Clause 2 of this Article. 4. The Government shall prescribe in detail the documents, procedures, and processes for contributing capital, purchasing shares, and purchasing capital contributions of economic organizations as stipulated in this Article. | Article 21. Investment in the form of capital contribution, share purchase, or purchase of capital contributions. … 3. Foreign investors must register their capital contribution, share purchase, or acquisition of capital contributions in an economic organization before any change in members or shareholders if they fall under one of the following cases: a) Contributing capital, purchasing shares, or acquiring equity stakes that increase the ownership percentage of foreign investors in economic organizations operating in sectors or professions subject to conditional market access for foreign investors; b) Capital contributions, share purchases, or equity purchases resulting in foreign investors or economic organizations specified in points a, b, and c of Clause 1, Article 20 of this Law holding more than 50% of the charter capital of an economic organization in the following cases: increasing the percentage of charter capital ownership by foreign investors from less than or equal to 50% to more than 50%; increasing the percentage of charter capital ownership by foreign investors when foreign investors already own more than 50% of the charter capital in an economic organization; c) Foreign investors contributing capital, purchasing shares, or acquiring capital contributions in economic organizations holding land use right certificates in islands and communes, wards, special zones in border areas; coastal communes and wards; and other areas affecting national defense and security. 4. The Government shall regulate the forms of capital contribution, share purchase, and acquisition of capital contributions in economic organizations; the dossiers, procedures, and formalities for capital contribution, share purchase, and acquisition of capital contributions in economic organizations. | The content of Articles 25 and 26 of the 2020 Investment Law has been amended to become the content of Clause 3, Article 21 of the 2025 Investment Law. |
| 13 | Article 27. Investment in the form of BCC contracts 1. BCC contracts signed between domestic investors are governed by the provisions of civil law. 2. BCC contracts signed between domestic and foreign investors, or between foreign investors, shall follow the procedures for issuing Investment Registration Certificates as prescribed in Article 38 of this Law. 3. The parties to the BCC contract shall establish a coordinating committee to implement the BCC contract. The functions, duties, and powers of the coordinating committee shall be agreed upon by the parties. Article 28. Contents of the BCC contract 1. A BCC contract includes the following main contents: a) Names, addresses, and authorized representatives of the parties involved in the contract; transaction address or location of the investment project; b) Objectives and scope of investment and business activities; c) Contributions of the parties to the contract and the distribution of investment and business results among the parties; d) Contract progress and deadlines; d) Rights and obligations of the parties involved in the contract; e) Modification, assignment, and termination of contracts; g) Liability for breach of contract, dispute resolution methods. 2. During the execution of a BCC contract, the parties to the contract may agree to use assets generated from the business cooperation to establish a business in accordance with the law on enterprises. 3. The parties to a BCC contract have the right to agree on other terms that do not contravene the provisions of the law. | Article 22. Investment in the form of BCC contracts 1. BCC contracts signed between domestic investors are governed by civil law and other relevant laws. 2. BCC contracts signed between domestic and foreign investors, or between foreign investors, shall follow the procedures for issuing Investment Registration Certificates as prescribed in Article 26 of this Law. 3. The parties to the BCC contract shall establish a coordinating committee to implement the BCC contract. The functions, duties, and powers of the coordinating committee shall be agreed upon by the parties. 4. During the execution of a BCC contract, the contracting parties may agree to use assets generated from the business cooperation to establish a business entity in accordance with the law on enterprises. 5. The government regulates the content of BCC contracts. | The content of Articles 27 and 28 of the 2020 Investment Law has been amended to become the content of Article 22 of the 2025 Investment Law. |
| 14 | Article 30. Authority of the National Assembly to approve investment policies The National Assembly approves the investment policy for the following investment projects: 1. Investment projects that have a significant impact on the environment or have the potential to cause serious environmental damage, including: a) (repealed) b) Investment projects requiring the conversion of land use from special-use forests, watershed protection forests, border protection forests of 50 hectares or more; windbreak and sand dune protection forests and wave-breaking and land reclamation protection forests of 500 hectares or more; and production forests of 1,000 hectares or more; 2. Investment projects requiring the conversion of land used for growing rice from 02 crops or more per year, on a scale of 500 hectares or more; 3. Investment projects requiring the relocation and resettlement of 20,000 or more people in mountainous areas, or 50,000 or more people in other regions; 4. Investment projects that require the application of mechanisms and policies that differ from those stipulated by law and need to be decided by the National Assembly. Article 31. Authority of the Prime Minister to approve investment policies Except for the investment projects stipulated in Article 30 of this Law, the Prime Minister approves the investment policy for the following investment projects: 1. Investment projects regardless of the source of capital falling under one of the following cases: a) (được bãi bỏ) b) (được bãi bỏ) c) (được bãi bỏ) d) (được bãi bỏ) d) (được bãi bỏ) e) Investment projects that involve casino (casino) business, excluding electronic game businesses customarily for foreigners; g) (được bãi bỏ) g1) Investment projects in accordance with the provisions of the law on cultural heritage regardless of the land area, population within the scope of the protection zone I and area II of the relic recognized by the competent authority as a world heritage relic, national relic, national special relic; g2) Nuclear power plants; h) (được bãi bỏ) 2. Investment projects of foreign investors in the field of telecommunications business with network infrastructure, forestation, publishing, press; 3. (được bãi bỏ) 4. Other investment projects under the authority to approve investment policies or investment decisions of the Prime Minister as stipulated by law. Article 32. Authority to approve investment policies of provincial-level People's Committees 1. Except for the investment projects stipulated in Articles 30 and 31 of this Law, provincial-level People's Committees approve the investment policy for the following investment projects: a) Investment projects that propose that the State allocate land, lease land without going through auction or bidding, investment projects proposing land use purpose conversion, except in cases of allocating land, leasing land, allowing land use purpose conversion of individual households, and individuals not required to have written approval from the provincial People's Committee under the law on land; b) Investment projects for the construction of housing (for sale, for rent, for hire-purchase), urban areas regardless of the land use scale or population size; b1) Investment projects in accordance with the provisions of the law on cultural heritage regardless of the land area, population within the scope of protection zone I and II of the relic recognized as a national relic, national special relic, protection zone I of the national special relic included in the World Heritage List; investment projects regardless of the land area, population in the area with restricted development or historical urban area (as determined in urban planning) of special-grade urban areas; c) Investment projects for the construction and business of golf courses (golf); d) Investment projects of foreign investors, economic organizations with foreign investment capital implemented on islands and communes, wards, and towns in border areas; communes, wards, and towns in coastal areas; and other areas affecting national defense and security; d) Investment projects for the construction and business of industrial park infrastructure, export processing zone infrastructure, concentrated digital technology zone infrastructure; e) Investment projects for new construction: seaports, port areas belonging to special seaports, Class I seaports; g) Investment projects requiring the relocation and resettlement of 10,000 or more people in mountainous areas, or 20,000 or more people in other regions; h) Investment projects for new construction: airports, airfields; runways of airports, airfields; passenger terminals of international airports; cargo terminals of airports, airfields with capacity of 01 million tons/year or more; | Article 24. Projects subject to investment policy approval. 1. Investment projects requiring the conversion of land use from special-use forests, watershed protection forests, border protection forests of 50 hectares or more; windbreak and sand dune protection forests and wave-breaking and land reclamation protection forests of 500 hectares or more; and production forests of 1,000 hectares or more. 2. Investment projects that require the conversion of land used for growing two or more rice crops per year, on a scale of 500 hectares or more. 3. Investment projects requiring the relocation and resettlement of 10,000 or more people in mountainous areas, or 20,000 or more people in other regions. 4. Investment projects that involve casino (casino) business, excluding electronic game businesses customarily for foreigners. 5. Investment projects in accordance with the provisions of the law on cultural heritage regardless of the land area, population within the scope of protection zone I and II of the relic recognized as a national special relic included in the World Heritage List, national relic, national special relic. 6. Investment projects for nuclear power plants. 7. Investment projects of foreign investors in the field of telecommunications business with network infrastructure, forestation, publishing, press. 8. Investment projects where investors request the State to allocate land, lease land without auctioning land use rights, bidding to select investors to implement projects using land; projects proposing land use purpose conversion according to the law on land. 9. Investment projects that propose that the State allocate land, lease land, permit land use purpose conversion in areas affecting national defense and security. 10. Investment projects requesting State coastal zone allocation. 11. Investment projects for the construction of housing (for sale, for rent, for hire-purchase), urban areas regardless of the land use scale or population size in cases where investors have land use rights through agreements to receive land use rights or are currently having land use rights under the law on housing and the law on land. 12. Investment projects regardless of the land area, population in the area with restricted development or historical urban area (as determined in planning under the law on urban and rural planning) of special-grade urban areas. 13. Investment projects for the construction and business of golf courses (golf), except in cases of investment in the construction and business of golf courses as part of housing development projects, urban areas being allocated land, leased land not through auctioning land use rights or bidding to select investors. 14. Investment projects for the construction and business of industrial park infrastructure, export processing zone, concentrated digital technology zone infrastructure. 15. Investment projects for new construction: seaports, port areas belonging to special seaports, Class I seaports. 16. Investment projects for new construction: airports, airfields; runways of airports, airfields; passenger terminals of international airports; cargo terminals of airports, airfields with capacity of 01 million tons/year or more. 17. Investment projects for new construction of commercial aviation passenger transport. 18. Investment projects for oil and gas processing. 19. Other investment projects subject to investment policy approval of the Prime Minister as prescribed by law. 20. Investment projects requiring the application of mechanisms and policies that differ from those stipulated by law, resolutions of the National Assembly. Article 25. Authority to approve investment policies… | - The content of Articles 30, 31, and 32 of the 2020 Investment Law has been amended and consolidated in Articles 24 and 25 of the 2025 Investment Law. - Adding further content to clauses 2, 5, 8, 9, 10, 11, 12, 13, 19, 20 of Article 24 and Article 25 of the 2025 Investment Law. |
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