Asia Legal is pleased to present the sixth article in our Investment in Vietnam series, offering strategic insights for foreign investors navigating the evolving regulatory landscape of Vietnam.
Vietnam’s commitment to streamlining administrative procedures and decentralizing investment governance has made it a top-tier destination for foreign direct investment (FDI). A key pillar of this effort is the regulatory framework governing approval of investment policy—a foundational step for securing legal authorization to implement investment projects across provinces.
This article provides a comprehensive analysis of recent reforms under the Law on Investment 2020, particularly focusing on the delegation of authority to Provincial People’s Committees (PPCs). It delineates (i) analysis of projects subject to PPC Approval of Investment Policy, (ii) the procedural requirements and timelines involved, and (iii) practical considerations for investors aiming for smooth compliance with Vietnamese legal obligations.
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