April 2023 | Legal Department
The use of foreign capital in Vietnam is restricted and controlled. Investment in Vietnam is safe, and normal business operations are not complicated. However, problems can arise if the foreign investor or the management in Vietnam are not fully compliant with the various regulations. The administrative requirements are a considerable challenge. With Decree 29, the government of Vietnam instructed the local authorities to strictly supervise and evaluate foreign investments. Circular 2 details the requirements.
Additional audits focussing on these issues can be expected.
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