Law on Investment 2020: Regulations on the Use of Profits Abroad

13:04, 10/07/2024

On June 17, 2020, at the 9th session of the 14th National Assembly, the Law on Investment 2020 was passed, effective from January 1, 2021.

Investor Utilizes Profits Abroad, Investment Law 2020

Investor utilizes profits abroad from a project - Illustrative photo.

Article 67 of the Investment Law 2020 stipulates that investors may retain profits earned from overseas investments for reinvestment in the following cases:

- Continuing to contribute capital to overseas investments in cases where the capital has not been fully contributed as registered;

- Increasing overseas investment capital;

- Implementing new investment projects abroad.

Note: Investors must carry out procedures for adjusting the Certificate of Overseas Investment Registration in accordance with the Investment Law 2020 in cases of continuing to contribute capital to overseas investments where the capital has not been fully contributed as registered or to increase overseas investment capital. They must follow procedures for issuing the Certificate of Overseas Investment Registration as per the Investment Law 2020 when implementing new investment projects abroad.

For details, see Investment Law 2020, effective January 1, 2021.

Le Vy

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