Law No. 143/2025/QH15 on Investment.

This Law provides for business investment activities within Vietnam and outward business investments originating from the country. It defines the rights and obligations of domestic and foreign investors while outlining state management responsibilities to ensure a transparent investment environment.
The Law consists of 53 Articles divided into seven Chapters: I. General Provisions; II. Investment Guarantees; III. Investment Incentives and Support; IV. Investment Activities in Vietnam; V. Outward Investment Activities; VI. State Management of Investment; VII: Implementation Provisions. The Law is completed by four Appendices: I. List of Narcotic Substances; II. List of Chemicals and Minerals; III. List of Endangered, Precious and Rare Forest Fauna and Flora and Aquatic Species; and IV. List of Conditional Business Lines.
The Law establishes principles on state treatment, guarantees, and protection of investor rights to facilitate capital flow through standardized procedures for project approval and investment incentives. The Law sets out measures on investment incentives and support, including categories of eligible business lines and geographic areas; forms of incentives such as corporate income tax reductions, import duty exemptions, land-related incentives and accelerated depreciation; and support measures for infrastructure, training, credit, R&D, green transition and digital transformation. It provides for special incentives and support for strategic technology, digital infrastructure, semiconductor and R&D projects, and establishes an Investment Support Fund to implement targeted support measures.
It outlines administrative protocols for obtaining investment registration certificates and approvals from competent authorities. Banned business lines include: a) Business in narcotic substances as specified in Appendix I to this Law; b) Business in chemicals and minerals as specified in Appendix II to this Law; c) Business in specimens of wild flora and fauna exploited from nature specified in Appendix 1 to the Convention on International Trade in Endangered Species of Wild Fauna and Flora; specimens of endangered, precious and rare forest fauna and flora species and aquatic species in Group I exploited from nature as specified in Appendix III to this Law; etc. The Law also provides an extensive list of nearly 200 conditional business lines in in Appendix IV—including mineral mining, hazardous waste treatment, and crypto-asset services—that require specific regulatory compliance. Additionally, it mandates the use of a national investment database for digitalized project monitoring and coordination between state agencies.