On March 26, 2021, the Government issued Decree No. 31/2021/ND-CP providing details and guidelines for implementation of several articles of the Law on Investment. The Decree took effect from the date of promulgation. Some remarkable contents of this Decree include:
- For the first time, the mechanism to resolve investors’ grievances and prevent State-investors disputes is addressed;
- The list of business lines with limited market access by foreign investors is issued;
- Detailed provisions are introduced for investment project adjustment procedures in circumstances arising in practice but not yet recognized nor specifically guided in legal normative documents;
- The guidelines are supplemented for application of the Law on Investment 2020’s new provisions on suspension of investment projects.
New regulations in Decree providing details and guidlines for the Law on Investment
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