On the morning of 11 December 2025, at its 10th session, the National Assembly officially passed the amended Law on Investment. The Law consists of 7 Chapters and 52 Articles, providing a unified framework for regulating investment activities both domestically and abroad, in line with the current socio-economic context and the requirements of state management in the new period. The Law will take effect on 1 March 2026.
The amended Law on Investment introduces several significant changes, focusing on streamlining procedures, enhancing regulatory effectiveness, and promoting a more transparent and secure investment environment. Key new points include:
- Narrowing the scope of projects required to obtain investment policy approval, limiting it to projects in important or sensitive sectors such as seaports, airports, telecommunications, publishing, and journalism, as well as projects implemented in areas affecting national defense and security.
- Reviewing investment-incentive sectors and sectors subject to business investment conditions in accordance with Resolutions 68 and 198; eliminating 38 conditional business lines and revising the scope of 20 others, thereby reducing barriers to business and improving the investment climate.
- Issuing two new lists: (i) the list of conditional business investment sectors that require licensing or certification prior to conducting business activities; and (ii) the list of sectors that must shift from a licensing regime to a post-inspection mechanism, based on the publication of business requirements and conditions.
- Abolishing the requirement for investment policy approval for outbound investment, thereby significantly simplifying outbound investment procedures for investors.
- Narrowing the scope of projects required to obtain an Outbound Investment Registration Certificate, while clearly specifying the types of projects exempt from this procedure, thereby creating more favorable conditions for Vietnamese investors to expand into international markets.
Asia Legal will continue to update clients on newly issued legal regulations, ensuring that their interests are fully protected and supported.
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