18 July 2018
Foreign investment continues to be the main driving force behind Vietnam’s advancing economy. Since the Government’s introduction of investment reforms, the Doi Moi policy, in 1986, Vietnam’s economy has continued its rising trend. The current investment regime in Vietnam came into effect on 1 July 2015 and is comprised of a Law on Enterprises (“LOE”) and a Law on Investment (“LOI”) which laws regulate both domestic and foreign investors, for the establishment and operation of corporations and investment in projects.
Through the Trans Pacific Partnership (TPP), Vietnam continues its world economic integration. Like its accession to the World Trade Organisation in 2007, this treaty should further stimulate Vietnam’s export-driven economy providing more opportunities for foreign investment in all export sectors, including electronics, garment and textiles, wooden products, crude oil, and rice. In addition to manufacturing and trade, there is still demand for foreign direct investment in many areas, including infrastructure and power development, biotechnology, education, health care, services (banking, insurance, and so on), tourism/hospitality, and real estate development.