Currently, Vietnam's legal system proposes several important regulations for individuals and foreign organizations to be aware of when investing in this country.
Ensuring the Investment of the Vietnamese Government for Foreign Investors
When foreign investors (FI) invest in Vietnam, the Vietnamese Government commits to taking measures to protect property rights. Legitimate assets of FI will not be nationalized or confiscated through administrative measures. In case the Government acquires or uses assets for reasons of national defense, security, national interests, emergencies, or disaster prevention, investors will be compensated according to relevant legal regulations.
Ensuring Business Freedom When Investing in Vietnam
The state does not require FI to fulfill special requirements, such as prioritizing the purchase and use of domestic goods and services or exporting a certain percentage of goods or services.
Ensuring the Right to Transfer Assets Abroad
After fulfilling financial obligations to the Vietnamese State, FI have the right to transfer assets, including capital, liquidated investment amounts, income from investment activities, and other assets legally owned by the investor, abroad.
Ensuring Investment and Business in Case of Legal Changes
In the event of legal changes, investors are assured of enjoying higher investment incentives unless the legal changes pertain to national defense, national security, public order, social safety, community morals, public health, or environmental protection. In cases where higher incentives are not applicable, investors may consider loss deduction, project objective adjustments, or support for damage mitigation.
Dispute Resolution When Investing in Vietnam
Disputes arising in investment and business activities in Vietnam can be resolved through the court or arbitration.
If you need more information or consultation when investing in Vietnam, please contact us at Luật Việt Nhân to receive support from an experienced team of lawyers and legal experts.
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