On the morning of December 11, 2025, during the 10th Session, the 15th National Assembly officially voted to pass the Amended Law on Investment 2025. This is a crucial legal document with many changes designed to “untying” the business environment, simplify administrative procedures, and create maximum convenience for domestic and foreign investors.
Crowe Vietnam respectfully sends to Enterprises a summary of the 04 most critical new points of the Amended Law on Investment 2025:
1. Narrowing the Scope of Projects Requiring Investment Policy Approval
The amended Law has narrowed and clarified the scope of projects that must undergo the procedure for investment policy approval. Under the new regulations, this procedure only applies to projects in important or sensitive sectors, or those affecting national defense and security, including: Seaports, airports, telecommunications, publishing, press, and projects in national defense security areas.
2. Drastic Reduction of Conditional Business Investment Lines
Implementing the spirit of Resolution 68-NQ/TW and Resolution 198/2025/QH15, the Government has reviewed and adjusted the list of business investment lines. Specifically:
- Cut: Abolished 38 conditional business investment lines.
- Amended: Adjusted the management scope of 20 other lines.
- Transformed Management Method: Shifted strongly from a “pre-check” mechanism (licensing, certification) to “post-check” (announcing business requirements and conditions) for many industries, helping businesses save time and market entry costs.
3. Breakthrough in Enterprise Establishment Process for Foreign Investors (FDI)
One of the most notable new points is the proposal allowing foreign investors to establish an economic organization before being issued an Investment Registration Certificate (IRC). This regulation aims to shorten business startup time. However, to ensure state management, the Law will add regulations on reporting responsibilities during the period before project implementation and requirements to meet market access conditions right from the establishment stage.
4. Simplification of Outbound Investment Procedures
To support Vietnamese enterprises in reaching international markets, the Amended Law on Investment 2025 has abolished the procedure for outbound investment policy approval and narrowed the range of projects requiring an Outbound Investment Registration Certificate. The Government will provide detailed regulations on projects exempt from licensing procedures, while adding monitoring measures regarding foreign exchange management and national financial safety.
The passing of the Amended Law on Investment 2025 demonstrates the State’s strong commitment to creating an equal, transparent investment environment and protecting the legitimate interests of investors. Enterprises should proactively update these changes to make the most of incentives and procedural advantages in the coming period.
