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The National Assembly passed the Law on Investment No. 143/2025/QH15 to create an open investment environment, attract large-scale and high-tech projects, and promote decentralization and delegation of power in the State management of investment.
The 2025 Law on Investment consists of 7 Chapters and 52 Articles.
Key notable contents of this Law include:
- Foreign investors are not required to have investment projects before establishing economic organizations: Clause 2, Article 19 of the Law on Investment 2025 allows foreign investors to establish economic organizations without first implementing investment projects, provided they must meet the market access conditions.
- Elimination of 02 cases requiring procedures for approval of adjustment of investment guidelines: Pursuant to Clause 3, Article 33 of the Law on Investment 2025, an investor whose investment project has obtained approval of investment policy shall carry out procedures for approval of the modification of investment policy if falling into one of the following cases:
- Changes or additions to contents or objectives subject to approval of the investment policy as specified in the investment policy approval document;
- Changes in the scale of land area used as prescribed by the Government, or changes in the investment site;
- Extension of the implementation schedule of the investment project in case where the adjustment of the schedule exceeds 24 months as prescribed in Clause 4 of this Article;
- Adjustment of the operation duration of the investment project;
- Change of the investor before the project is put into operation, for investment projects subject to concurrent approval of investment policy and investor, or changing conditions applicable to investors (if any).
Compared to the Law on Investment 2020, Article 33 of the Law on Investment 2025 has removed 02 cases of investment project adjustment, which are: Increasing total investment capital by 20% or more, and changing the appraised technology.
- Reduction of various conditional business investment sectors and trades: Compared to the Law on Investment 2020, Appendix IV of the 2025 Law on Investment has reduced and modified the scope of several conditional business investment sectors and trades. Some of the reduced sectors and trades include:
- Tax agent services; customs brokerage services; insurance auxiliary services; labor outsourcing services;
- Commercial inspection services; temporary import and re-export of frozen food; temporary import and re-export of goods on the list of used goods, etc.
- Expansion of the application of special investment procedures: According to Article 28 of the Law on Investment 2025, investors have the right to choose to register their investment under special investment procedures forfor investment projects located in industrial parks, export processing zones, hi-tech parks, centralized digital technology zones, free trade zones, international financial centers, and functional zones in economic zones, except for projects subject to investment policy approval as prescribed by the Government.
View the English translation of the 2025 Law on Investment via the website LuatVietnam.vn at: Law on Investment No. 143/2025/QH15
