Law on Foreign Investment in Vietnam

E149157

The Law on Foreign Investment in Vietnam is a foundational statute enacted in the late 1980s that opened Vietnam’s economy to foreign capital, providing the legal basis for foreign-owned and joint-venture enterprises during the country’s transition to a market-oriented system.

All labels observed (1)

Label Occurrences
Law on Foreign Investment in Vietnam canonical 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf Vietnamese statute ⓘ
foreign investment law ⓘ
administeredBy Vietnamese state management agencies on foreign investment ⓘ
aimedAt creating employment through foreign-invested projects ⓘ
encouraging technology transfer through foreign investment ⓘ
integrating Vietnam into the global economy ⓘ
appliesTo enterprises with foreign-owned capital established in Vietnam ⓘ
foreign investors investing capital in Vietnam ⓘ
joint-venture enterprises between foreign and Vietnamese parties ⓘ
approximateEnactmentPeriod late 1980s ⓘ
context Đổi Mới economic reforms in Vietnam ⓘ
country Vietnam ⓘ
linked to: Viet Nam
economicOrientation market-oriented reforms ⓘ
enactedInDecade 1980s ⓘ
historicalSignificance first comprehensive legal framework for foreign investment in Vietnam’s reform era ⓘ
key component of Vietnam’s transition from a centrally planned to a market-oriented economy ⓘ
marked the beginning of large-scale foreign direct investment inflows into Vietnam ⓘ
impact contributed to growth of foreign-invested sector in Vietnam’s economy ⓘ
helped diversify Vietnam’s sources of external finance beyond aid and loans ⓘ
influencedBy Vietnam’s need for capital, technology, and management expertise ⓘ
jurisdiction Socialist Republic of Vietnam ⓘ
linked to: Viet Nam
languageOfDocument Vietnamese ⓘ
legalSystem socialist-oriented market economy legal system ⓘ
policyOrientation encouragement of foreign investment consistent with national sovereignty and security ⓘ
state management and control over key sectors while opening to foreign capital ⓘ
providesFor establishment of foreign-owned enterprises in Vietnam ⓘ
establishment of joint-venture enterprises between foreign and Vietnamese partners ⓘ
forms of foreign direct investment ⓘ
guarantees against nationalization or expropriation under certain conditions ⓘ
land use rights for foreign-invested projects through leases or cooperation with Vietnamese entities ⓘ
profit remittance abroad subject to Vietnamese law ⓘ
rights and obligations of foreign investors ⓘ
tax incentives for qualifying foreign investment projects ⓘ
purpose to attract foreign direct investment ⓘ
to open Vietnam’s economy to foreign capital ⓘ
to promote economic development and modernization ⓘ
to provide a legal framework for foreign investors ⓘ
regulates business cooperation contracts between foreign and Vietnamese parties ⓘ
foreign direct investment in Vietnam ⓘ
foreign-owned enterprises in Vietnam ⓘ
investment licensing procedures for foreign investors ⓘ
joint-venture enterprises with foreign capital in Vietnam ⓘ
relatedTo subsequent amendments and replacement by later investment laws in Vietnam ⓘ
Đổi Mới policy of 1986 in Vietnam ⓘ
subjectMatter conditions for foreign investors to invest in Vietnam ⓘ
dispute settlement mechanisms for foreign investment disputes ⓘ
investment incentives and guarantees for foreign investors ⓘ
sectors open or restricted to foreign investment ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Đổi Mới economic reforms → legalFramework → Law on Foreign Investment in Vietnam ⓘ