Amended investment and enterprise laws: Pros and cons for foreign investors

Hogan Lovells
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On 17 June 2020 the National Assembly of Vietnam adopted Law no. 61/2020/QH14 on investment (amended LOI) and Law no. 59/2020/QH14 on enterprises (amended LOE), which will take effect from 1 January 2021 and replace the current versions of these laws.Though largely a continuation of existing law, there are nonetheless several changes that could impact foreign investors in relation to their Vietnamese investments.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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