»»Same Laws for Both Domestic and Foreign Investment in Vietnam
Starting from July 1st, 2006, in Vietnam, both foreign and domestic investors fall under the same Enterprise Law and the Investment Law.
Viet Nam’s new laws on investment and business operations, which have taken effect on July 1st, enable foreign investors to start any sort of business activities not classified as off-limits by the laws. Before that, they were licensed on a case-by-case basis and could only operate as far as their licenses permitted.
However, in order to avoid any conflict with other laws on a wide range of subjects such as land, credit, import-export, taxation, etc… are expected decrees and measures guiding the implementation of the new Investment Law. (source: Vietnam news)
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