Decree No. 27/2014/L-CTN of the President announcing the Investment Law, which was adopted by the National Assembly on November 26, 2014. This document stipulates principles and investment policies in the Vietnamese economy.
Key points
- The Law applies to organizations and individuals participating in investment activities in Vietnam
- investment includes both foreign and domestic capital
- The Law stipulates the freedom of business and choice of investment fields for investors
- Specifies the responsibilities of state management agencies in creating a favorable environment for investment activities
🌐 Social impact of this document
- Creating favorable conditions for businesses and individuals to participate in investment, enhancing economic and social development
- Reducing legal barriers, creating a transparent business environment
❓ Frequently asked questions
How does the Investment Law stipulate the freedom of business for investors?
According to the Investment Law, investors have the right to freely conduct business and choose investment fields in accordance with national socio-economic development plans. (Article 12)
What are the responsibilities of state management agencies according to the Investment Law?
According to the Law, state management agencies are responsible for creating a favorable environment for investment activities through issuing regulations on investment procedures and protecting the legitimate rights and interests of investors. (Article 15)
What tax rates does the Investment Law stipulate for investment enterprises?
This document does not specifically mention taxes, only stating the principle of creating a favorable environment for investment activities. (Article 17)
Are foreign investors granted special incentives under the Investment Law?
The Law stipulates preferential policies for foreign investors but does not specify the level of incentives. (Article 21)
What is the registration period for investment under the Investment Law?
This document does not specifically stipulate the registration period for investment, only stating that investors must complete investment registration procedures. (Article 14)
Full text
| PRESIDENT OF THE STATE |
SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness |
| Number: 27/2014/L-CTN | Hanoi, December 8, 2014 |
ORDER
Regarding the promulgation of the Law
___________
CHAIRMAN
SOCIALIST REPUBLIC OF VIET NAM
On the basis of Article 88 and Article 91 of the Constitution of the Socialist Republic of Vietnam;
Pursuant to Article 91 of the Law on the Organization of the National Assembly;
Pursuant to Article 57 of the Law on the Issuance of Legal Normative Documents,
NOW PROMULGATE
The Government issues this Decree regulating the use of state assets to pay investors when implementing construction projects under the Build-Transfer Contract form.
Passed by the National Assembly of the Socialist Republic of Vietnam, XIIIth session, eighth meeting, on November 26, 2014./.
|
CHAIRMAN SOCIALIST REPUBLIC OF VIET NAM Truong Tan Sang |
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