Business investment policies
The investment of domestic and foreign investors has always been concerned and encouraged by the state by making many policies and laws with many incentives and appropriate. The policy on business investment is stipulated in the Law on Investment 2014. HNLaw & Partners would like to guide our customers as follows:
According to Article 5, Law on Investment 2014. the regulations on the business investment policies is stipulated as follows:
- Investors are entitled to carry out business investment activities in the sectors and trades that are not banned by this Law.
- Investors may decide by themselves on business investment activities in accordance with this Law and other relevant laws; and are entitled to access and use credit capital sources and support funds and use land and other natural resources in accordance with law.
- The State shall recognize and protect investors’ ownership of property, investment capital, incomes and other lawful rights and interests.
- The State shall treat investors equally; adopt policies to encourage and create favorable conditions for investors to carry out business investment activities for sustainable economic development.
- The State shall respect and implement treaties related to business investment to which the Socialist Republic of Vietnam is a contracting party.
According to that, prohibited business investment activities are regulated by laws as follows:
To prohibit the following business investment activities:
- Trade in narcotic substances prescribed in Appendix 1 to this Law;
- Trade in chemicals and minerals prescribed in Appendix 2 to this Law;
- Trade in specimens of wild fauna and flora species prescribed in Appendix I to the Convention on International Trade on Endangered Species of Wild Fauna and Flora; natural specimens of endangered, rare and precious wild fauna and flora species of Group I in Appendix 3 to this Circular;
- Trafficking in humans or human tissues and organs;
- Business activities related to human cloning;
- Trade in firecracker.
Above is the advice on “Business investment policies” of HNLaw & Partners. Customers who has any question or demand to use legal services please contact directly to Company for the detailed advice and best support.
HNLAW & PARTNERS LAW FIRM
Address: DBS Building, N028, Lot 31, Commercial Services and Housing Area in Ha Tri, Ha Tri Ward, Ha Dong, Hanoi.