From March 26, 2021: 08 amended Decree on business investment in Vietnam

Recently, the Government of Vietnam issued Decree 31/2021/ND-CP on the implementation of a number of articles of the Law on Investment. This Decree amends and supplements a number of decrees related to business investment on the date it takes effect

From March 26, 2021: 08 amended Decree on business investment in Vietnam (Illustration).

In particular, Section 1 of Chapter IX of Vietnam's Decree 31/2021/ND-CP stipulating, amending, and supplementing the following eight decrees related to business investment that will take effect on March 26, 2021  (the date of Decree 31).

(1) Decree 46/2014/ND-CP on land and water surface rent collection;

(2) Decree 52/2020/ND-CP on investment in golf course construction and management;

(3) Decree 25/2020/ND-CP implementing a number of articles of the Law on Bidding pertaining to investor selection;

(4) Decree 96/2016/ND-CP establishing security and order requirements for a variety of conditional investment and business lines;

(5) Decree 82/2018/ND-CP on industrial parks and economic zones management;

(6) Decree 11/2013/ND-CP on investment management in urban development;

(7) Decree 99/2003/ND-CP establishing high-tech zones regulations;

(8) Decree 94/2020/ND-CP stipulating preferential mechanisms and policies for the National Innovation Center.

Also, from the effective date of Decree 31/2021/ND-CP, the following regulations will simultaneously cease to be effective:

- Decree 118/2015/ND-CP detailing and guiding the implementation of a number of articles of the Investment Law;

- Decree 37/2020/ND-CP supplementing the list of industries and trades with investment incentives issued together with Decree No. 118/2015/ND-CP;

- Decree 83/2015/ND-CP regulating outward investment;

- Decree 104/2007/ND-CP on debt collection service business;

- Decree 69/2016/ND-CP on conditions for debt trading services;

- Decree 79/2016/ND-CP conditions for providing training services to foster professional knowledge and operation management of apartment buildings; knowledge of real estate brokerage practice; real estate trading floor operation;

- Article 2 of Decree 100/2018/ND-CP amends, supplements, and abolishes a number of regulations on business investment conditions in the fields of state management of the Ministry of Construction of Vietnam.

See more details at: Vietnam's Decree 31/2021/ND-CP takes effect from March 26, 2021.

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