Investment consulting
VIETNAMESE GOVERNMENT GIVES FOREIGN INVESTORS INVESTMENT SECURITY MEASURES
When Foreign investors invest in Vietnam, the State of Vietnam shall carry out the following investment guarantee activities:

1. Security of ownership property:

Legal assets of investors are not nationalized or confiscated by administrative measures. In case the State procures or requisitions assets for reasons of national defense, security, national interests, state of emergency, and natural disaster prevention and control, the investor shall be paid and compensated in accordance with the law on requisition and requisition of assets and other relevant laws.[1]

 

2. Security of business investment activities:

The State does not oblige Foreign investors to comply with the following requirements: To prioritize the purchase and use of domestic goods and services or to purchase and use goods and services from domestic producers or service providers; To export goods or services at a certain rate;...[2]

 

3. Security of the right to transfer assets of Foreign investors abroad:

After performing their financial obligations to the State of Vietnam, Foreign investors are entitled to transfer abroad assets which are investment capital, investment liquidations; Income from business investment activities; Money and other assets legally owned by investors.[3]

 

4. Security of business investment in case of changing law:

Investors are secured higher investment incentives when there is a change in law, except for cases of change for reasons of national defense, national security, social order and safety, social morality, public health and environmental protection; in cases where they are not entitled to higher incentives as mentioned above, investors are considered to deduct damages, adjust project objectives or assist in overcoming damages.[4]

 

5. Settlement of disputes in investment and business activities in Vietnam by Court or Arbitration.

In the process of investment and business activities, when realizing that legitimate rights and interests are infringed, foreign investors have right to initiate lawsuits at competent courts in Vietnam or arbitration centers to request protection of their rights.[5]

 

 


[1] Article 10 of the Investment Law 2020

[2] Article 11 of the Investment Law 2020

[3] Article 12 of the Investment Law 2020

[4] Article 13 of the Investment Law 2020

[5] Article 4 of Code of Civil Procedure 2015, Article 14 of the Investment Law 2020

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